News
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Euro zone bond yields edge down on French inflation data, tariff concerns
By Stefano Rebaudo May 27 (Reuters) - Euro area bond yields dropped on Tuesday after French inflation data came in weaker than expected, while concerns about the potential adverse economic impact of U.S. tariffs persisted.Borrowing costs edged up on Monday as the U.S. backed away from its threat ...Reuters
Tue, May 27
Why this rise in US yields is so remarkable – Commerzbank
At the beginning of the year, yields were higher, and in the fall of 2023 they were even significantly higher. And at that time, no one questioned the stability of US public finances. US government bond yields and the value of the US dollar have been closely correlated to date.Fxstreet
Tue, May 27
USD/CNH: Likely to trade sideways between 7.1640 and 7.1840 – UOB Group
US Dollar (USD) is likely to trade sideways between 7.1640 and 7.1840 against Chinese Yuan (CNH). In the longer run, downward momentum has not increased significantly, but bias for USD is on the downside toward 7.1500, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, May 27
Europe's dream of a global reserve currency – Commerzbank
Yesterday ECB President Christine Lagarde gave a speech in Berlin. It was about how the euro could possibly replace the dollar as the dominant global currency in the future. The speech is worth reading, Commerzbank's Head of FX and Commodity Research Ulrich Leuchtmann notes.
Fxstreet
Tue, May 27
Temu-owner PDD Holdings misses quarterly revenue estimates
May 27 (Reuters) - Chinese e-commerce company PDD Holdings PDD.O missed Wall Street estimates for first-quarter revenue on Tuesday, as its domestic platform Pinduoduo suffered from weak consumer sentiment while its international business Temu was hit by uncertain global trade policies.PDD reported r...Reuters
Tue, May 27
Investors brace for record Canadian government debt issuance as budget delayed
Debt issuance may exceed pandemic-era record, could raise borrowing costsCanadian 10-year yield climbs over 50 basis points since AprilConcerns over transparency and fiscal uncertainty as budget delayed By Fergal Smith TORONTO, May 27 (Reuters) - Canada's government debt issuance is expected ...Reuters
Tue, May 27
Trump's tariff blitz prompts 'firefighting' response from Fed researchers
Systemwide effort launched to unravel possible trade impactsFindings have buttressed Fed inflation, income concernsState-level studies show possible winners, loserBy Howard Schneider, Ann Saphir WASHINGTON/SAN FRANCISCO, May 27 (Reuters) - U.S. Federal Reserve staffers have scrambled since Januar...Reuters
Tue, May 27
Fed's Kashkari calls for steady rates, awaits clarity on tariff impact
Fed debating whether to look through tariff-induced inflationKashkari against looking through tariff impact on pricesPolicymakers must use judgment, not simple rules, upon shocksBy Leika Kihara TOKYO, May 27 (Reuters) - Federal Reserve Bank of Minneapolis President Neel Kashkari on Tuesday called...Reuters
Tue, May 27
German government to ramp up investment to 110 bln eur this year, minister says
BERLIN, May 27 (Reuters) - Germany will ramp up public investment to 110 billion euros ($125 billion) this year, Finance Minister Lars Klingbeil said on Tuesday."At the same time, we will implement comprehensive structural reforms and continue to strictly consolidate the budget," he said in ...Reuters
Tue, May 27
CORRECTED-Fed's Kashkari calls for steady rates, awaits clarity on tariff impact
By Leika Kihara TOKYO, May 27 (Reuters) - Federal Reserve Bank of Minneapolis President Neel Kashkari on Tuesday called for keeping interest rates steady until there is more clarity on how higher tariffs affect inflation, warning against looking through the impact of such supply price shocks.The ...Reuters
Tue, May 27
German economy expected to contract by 0.3% this year, DIHK says
Last forecast was for 0.5% contraction in 2025Contraction would mark economy's third consecutive declineDIHK calls for urgent policy action to revive economyBy Maria Martinez BERLIN, May 27 (Reuters) - The German economy is expected to contract by 0.3% this year, shrinking for a third consecu...Reuters
Tue, May 27
Tesla misses out on European EV growth as Model Y fails to revive sales
European car sales down 0.3% year-on-year in AprilBattery-electric car sales jump 27.8%Tesla sales drop 49%, falling for fourth straight monthBy Jesus Calero May 27 (Reuters) - Tesla's TSLA.O sales in Europe fell 49% in April from a year earlier, even though battery-electric car sales rose 2...Reuters
Tue, May 27
Fed’s Kashkari: Support stance of maintaining policy rate until more clarity on tariffs
Minneapolis Federal Reserve (Fed) President Neel Kashkari said on Tuesday that he supports the stance to maintain interest rates until there is some more clarity on the impact of higher tariffs on inflation.Fxstreet
Tue, May 27
