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Mexico March gross fixed investment rises 0.3% month-on-month
MEXICO CITY, June 4 (Reuters) - Mexican gross fixed investment rose 0.3% in March from the previous month, the national statistics agency INEGI said on Wednesday.Compared with the same month last year, investment was down 0.2%, according to INEGI's data.Reuters
Wed, Jun 4
CAD little changed ahead of BoC policy decision – Scotiabank
USD/CAD is essentially flat as markets await the BoC policy decision. The economists’ consensus has swung to no change after anticipating a 25bps cut until late last week, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Wed, Jun 4
Italy draws healthy demand for syndicated issue ahead of ECB meeting
MILAN, June 4 (Reuters) - Italy drew healthy demand on Wednesday for a dual-tranche syndicated deal consisting of a new 5-year BTP and a tap of a Green BTP bond maturing in 2037 as investors bet on further rate cuts by the European Central Bank (ECB). Rome saw final demand of over 214 billion eur...Reuters
Wed, Jun 4
Australia: Soft 1Q25 GDP reinforces expectations for further easing by RBA – UOB Group
Australia’s GDP posted a 0.2% q/q rise in 1Q25, lower than consensus expectations for a 0.4% q/q print, and growth pace of 0.6% q/q in 4Q24. It was also weaker than the RBA’s May Statement on Monetary Policy forecast of 0.4%.Fxstreet
Wed, Jun 4
EU executive starts disciplinary steps against Austria over budget deficit
BRUSSELS, June 4 (Reuters) - The European Commission started on Wednesday disciplinary steps against Austria over the country's budget deficit that exceeds EU limits, a procedure could potentially end in fines.Austria had a budget deficit of 4.7% of GDP last year, well above the European Union&#...Reuters
Wed, Jun 4
EU steps up disciplinary action against Romania over excessive deficit
By Jan StrupczewskiBRUSSELS, June 4 (Reuters) - The European Commission stepped up on Wednesday the EU's disciplinary action against Romania over the country's large budget deficit, opening the possibility of freezing some EU funds for the country next year if there is no improvement.Romania...Reuters
Wed, Jun 4
CAD: Slight tendency towards unchanged interest rates – Commerzbank
Today's decision by the Bank of Canada (BoC) promises to be very exciting. Whether the Bank of Canada will cut interest rates again or wait until its next meeting at the end of July is not a foregone conclusion, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Wed, Jun 4
USD/CNH: Likely to trade between 7.1850 and 7.2050 – UOB Group
US Dollar (USD) is likely to trade between 7.1850 and 7.2050 against Chinese Yuan (CNH). In the longer run, for now, USD is likely to trade in a range between 7.1800 and 7.2300, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Jun 4
Euro zone bond yields edge up from multi-week lows ahead of ECB decision
By Samuel Indyk LONDON, June 4 (Reuters) - Euro zone bond yields rose modestly on Wednesday having fallen the day before as benign inflation data helped solidify expectations for a rate cut from the European Central Bank, but fiscal concerns still lingered.Data on Tuesday showed consumer price in...Reuters
Wed, Jun 4
Bank of Canada most likely to hold rates after rise in core inflation, GDP surprise
By Promit Mukherjee OTTAWA, June 4 (Reuters) - The Bank of Canada is expected to hold interest rates at 2.75% on Wednesday, with rising core measures of inflation and better-than-expected gross domestic product growth in the first quarter seen pushing policymakers towards a pause.According to a m...Reuters
Wed, Jun 4
South African business confidence slips in second quarter of 2025 on tariff woes
June 4 (Reuters) - South African business confidence fell in the second quarter of 2025, pressured by trade uncertainties due to U.S. President Donald Trump's "Liberation Day" tariffs and local logistical constraints, a survey showed on Wednesday.The business confidence index dropped to ...Reuters
Wed, Jun 4
Tesla's German car sales continue to decline in May
June 4 (Reuters) - Tesla's TSLA.O sales volume in Germany fell by a third in May, the German road traffic agency KBA said on Wednesday, although sales of battery electric vehicles rose overall.KBA said Tesla sold 1,210 cars in Germany in May, down 36.2% from year earlier, while the total number ...Reuters
Wed, Jun 4
New York pension scheme weighs year-end review of asset allocation, FT reports
June 4 (Reuters) - New York City's public pension system is weighing an increase in its overseas investments at a review slated for the year-end due to rising uncertainty from U.S. policy changes, the pension scheme's investment chief told the Financial Times in an interview published on Wed...Reuters
Wed, Jun 4
Tesla's China-made EV sales fall 15% y/y in May
BEIJING, June 4 (Reuters) - A decline in Tesla's TSLA.O China-made electric vehicle sales extended to an eighth month in May, as the U.S. automaker's sales woes were compounded by brutal price wars in the world's largest auto market.Deliveries of China-made Model 3 and Model Y vehicles, ...Reuters
Wed, Jun 4
Toronto home sales rise the most in four months on improved affordability
By Fergal SmithTORONTO, June 4 (Reuters) - Greater Toronto Area home sales in May posted their biggest increase in four months, and prices edged higher as homebuyers took advantage of the recent improvement in affordability, Toronto Regional Real Estate Board data showed on Wednesday.Seasonally adju...Reuters
Wed, Jun 4
