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LME Copper breaks out, eyes 2024 high at 11,100 – Société Générale
LME Copper has surged past the upper boundary of its prolonged consolidation phase, setting its sights on the 2024 peak near 11,100. While a brief consolidation cannot be ruled out, momentum indicators show no clear signs of reversal.Fxstreet
Fri, Oct 10
Tesla's September China-made EV sales rise 2.8% year on year
BEIJING, Oct 10 (Reuters) - Tesla TSLA.O's China-made electric vehicle sales increased 2.8% in September from a year earlier, ending a two-month decline as its new six-seater began deliveries in China, data from the China Passenger Car Association showed on Friday, while the U.S. automaker's...Reuters
Fri, Oct 10
Greek industrial output drops 2.9% y/y in August
Oct 10 (Reuters) - Greek industrial output declined by 2.9% year-on-year in August, after a 0.5% drop in July, data from statistics service ELSTAT showed on Friday.A breakdown of index components showed manufacturing production fell 0.8% from the same month in 2024. Electricity output was dropped by...Reuters
Fri, Oct 10
COLUMN-Russian debt may still pay out, but the clock is ticking: Weidemaier and Gulati
By Mark Weidemaier and Mitu GulatiOct 10 (Reuters) - Holders of Russian foreign debt surely wish U.S. President Donald Trump had fulfilled his promise to bring the war in Ukraine to a quick end, as payments on most instruments have been on hold since Russia’s invasion began. The clock for making cla...Reuters
Fri, Oct 10
Malaysia says removing chip tariff exemption could harm competitiveness, U.S. supply chains
KUALA LUMPUR, Oct 10 (Reuters) - Malaysia warned on Friday that any removal of tariff exemptions on its semiconductor exports by the United States could hurt its competitiveness and strain supply networks, according to a government report. President Donald Trump's administration in August impose...Reuters
Fri, Oct 10
France's political uncertainty hitting confidence and growth, Villeroy says
PARIS, Oct 10 (Reuters) - France's political uncertainty is costing the country at least 0.2 percentage points of economic growth and risks further sapping business and consumer confidence, central bank chief Francois Villeroy de Galhau said on Friday. While he warned that the markets would be s...Reuters
Fri, Oct 10
It would be better if French budget deficit did not exceed 4.8% in 2026, Villeroy says
PARIS, Oct 10 (Reuters) - France must reduce its rising debt and it would be better for the euro zone's second largest economy if its public deficit did not exceed 4.8% of gross domestic product in 2026, Bank of France head Francois Villeroy de Galhau said on Frday.The European Central Bank memb...Reuters
Fri, Oct 10
France's political uncertainty has toll, affects confidence and growth, Villeroy says
PARIS, Oct 10 (Reuters) - France's current political uncertainty has a real impact in that it affects business and consumer confidence and economic growth, said the country's central bank chief, Francois Villeroy de Galhau, on RTL radio on Friday, though he added that the country's econo...Reuters
Fri, Oct 10
PRESS DIGEST -Wall Street Journal - October 10
Oct 10 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - PepsiCo PEP.O has named Walmart WMT.N executive Steve Schmitt as its new CFO, effective November 10, replacing company veteran Jamie C...Reuters
Fri, Oct 10
