News
Important Only
Canada's retail sales rebound in June but likely to drop again in July
Retail sales in June grows 1.5%, might contract 0.8% in JulyExcluding sales of automobiles and parts, retail sales up 1.9%27% retailers hurt by trade war in June, down from 32% in MayBy Promit MukherjeeOTTAWA, Aug 22 (Reuters) - Canada's retail sales rose as expected in June as shoppers bought m...Reuters
Fri, Aug 22
Fed's Collins: Don't rule out a larger and more persistent impact of tariffs on inflation
In an interview with Bloomberg on Friday, Federal Reserve Bank of Boston President Susan Collins said that the overall economic fundamentals in the United States are relatively solid, per Reuters.Fxstreet
Fri, Aug 22
Mexico economy grows slightly less than expected in Q2
Aug 22 (Reuters) - Mexico's economy grew 0.6% in the second quarter from the previous three-month period, national statistics agency INEGI said on Friday.The data came in slightly below INEGI's preliminary estimate published last month and forecasts from economists in a Reuters poll, both of...Reuters
Fri, Aug 22
Argentina's Milei dealt Congressional blow as Senate approves spending increases
BUENOS AIRES, Aug 22 (Reuters) - Argentine President Javier Milei's government suffered a legislative setback late Thursday after the Senate rejected a series of presidential decrees and approved budget increases for public universities. Milei, a libertarian, has aimed to tame runaway inflation ...Reuters
Fri, Aug 22
USD/CNH is likely to trade in a range between 7.1760 and 7.1900 – Scotiabank
US Dollar (USD) is likely to trade in a range between 7.1760 and 7.1900. In the longer run, USD is expected to trade in a range of 7.1730/7.2000, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.Fxstreet
Fri, Aug 22
Morning News Call - Canada, August 22
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageECONOMIC EVENTS0830 Retail Sale...Reuters
Fri, Aug 22
Foreign official holdings of Treasuries hit 2024 low – ING
US Treasuries held in custody at the Fed for foreign institutions have fallen to their lowest levels this year, down $100bn since April. While structural demand supports the Treasury market, ongoing foreign central bank selling may weigh on the US Dollar (USD), ING's FX analyst Chris Turner notes.Fxstreet
Fri, Aug 22
U.S. sectors in spotlight ahead of Fed's Jackson Hole gathering
Wall St. sights trained on Jackson Hole for rate cut signsSmall-caps, homebuilders may drop if Fed sends hawkish signalsPicture for banks complicated by deposit costs, Treasury yieldsBy Shashwat Chauhan and Johann M Cherian Aug 22 (Reuters) - Wall Street will search for confirmation of a Septembe...Reuters
Fri, Aug 22
With the White House watching, Fed's Powell to hint yes or no on rate cuts
Powell speaks at 10 a.m. EDTChair faces conflicting data and a conflict with TrumpPressure now focused on Cook as wellBy Howard Schneider JACKSON HOLE, Wyoming, Aug 22 (Reuters) - U.S. Federal Reserve Chair Jerome Powell's speech to the annual Jackson Hole economic conference on Friday comes ...Reuters
Fri, Aug 22
German finance minister urges cuts to plug 30-billion-euro gap in 2027 budget
BERLIN, Aug 22 (Reuters) - Germany's Finance Minister Lars Klingbeil urged ministries to draw up substantial savings plans to help plug a budget gap of more than 30 billion euros ($34.80 billion) in 2027, according to a letter seen by Reuters on Friday .The German cabinet approved in July a 2026...Reuters
Fri, Aug 22
Japan’s Long-Term Bond Yields Surge in Panic-Like Move — Sticky Inflation, Fiscal Fears, and Overseas Buyers Pull Back
TradingKey - After a weak auction of 20-year Japanese government bonds (JGBs) on Tuesday, August 19, concerns over a potential resurgence of the “Japan bond market storm” have intensified.
TradingKey
Fri, Aug 22
German economy minister says Q2 slump shows 'urgent need for action'
BERLIN, Aug 22 (Reuters) - German Economy Minister Katherina Reiche called urgently for economic reforms on Friday after the federal statistics office reported a stronger-than-expected slump in gross domestic product in the second quarter."The figures illustrate the urgent need for action," ...Reuters
Fri, Aug 22
