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German 2-year yields set for weekly rise as traders unwind bets on ECB cuts
BoE's hawkish rate cut supports euro zone short-dated yieldsTraders price in an 75% chance of an ECB easing move by MarchBarclays sees lower US yields after recent dataItalian-German spread hits fresh 15-year lowBy Stefano Rebaudo Aug 8 (Reuters) - Germany’s two-year government bond yields we...Reuters
Fri, Aug 8
Fed's Musalem: There are risks now to both the inflation and jobs goals
WASHINGTON, Aug 8 (Reuters) - The Federal Reserve now faces risks to both its inflation and jobs goals, with policymakers needing to balance which seems the more serious threat in deciding whether it is appropriate to reduce interest rates, St. Louis Fed president Alberto Musalem said on Friday.Betw...Reuters
Fri, Aug 8
Switzerland says tariff talks with US continue, gold industry concerned about bullion trade
Economists warn of severe job losses in Swiss industriesGold industry concerned that tariffs apply to gold barsSwiss pharma sector not included in U.S. tariffsSwiss companies consider shifting production to Europe or BritainBy John Revill ZURICH, Aug 8 (Reuters) - Switzerland is continuing discus...Reuters
Fri, Aug 8
TREASURIES-US yields climb, 10-year on pace to snap 2-week streak of declines
Stephen Miran nominated to Federal Reserve boardJPMorgan pulls forward Fed cut expectationSeptember Fed cut expectations near 90%By Chuck Mikolajczak NEW YORK, Aug 8 (Reuters) - U.S. Treasury yields rose on Friday, with the yield on the benchmark U.S. 10-year Treasury note poised for its first we...Reuters
Fri, Aug 8
US judge approves pizza chain Papa John’s ‘no poach’ antitrust settlement
By Mike Scarcella Aug 7 (Reuters) - A federal judge has preliminarily approved a $5 million class action settlement resolving claims that pizza chain Papa John's PZZA.O unlawfully restricted employee mobility among franchises, suppressing workers’ wages. U.S. District Judge Benjamin Beaton in...Reuters
Fri, Aug 8
Exxon starts production at fourth floating oil vessel in Guyana
By Kemol King GEORGETOWN, Aug 8 (Reuters) - An Exxon Mobil-led XOM.N consortium began production at a fourth floating production, storage and offloading vessel at the Stabroek Block in Guyana on Friday, bringing total capacity from the oilfield to over 900,000 barrels of oil per day, Exxon said. ...Reuters
Fri, Aug 8
Zambia concerned by 'financial strain' of new US visa bond
By Chris Mfula LUSAKA, Aug 8 (Reuters) - Zambia's government said on Friday it was concerned about the "unnecessary financial strain" that would be caused by a new rule requiring its citizens to pay bonds of up to $15,000 to obtain some types of U.S. visas. Starting August 20, Preside...Reuters
Fri, Aug 8
INSTANT VIEW-Canada's economy sheds 40,800 jobs in July
TORONTO, Aug 8 (Reuters) - Canada's economy shed 40,800 jobs in July and the jobless rate held steady at the multi-year high level 6.9%, Statistics Canada data showed on Friday. Market reaction: CAD/Link: https://www150.statcan.gc.ca/n1/daily-quotidien/250808/dq250808a-eng.htm CO...Reuters
Fri, Aug 8
J.P.Morgan brings forward Fed rate cut forecast to September
By Rashika Singh Aug 8 (Reuters) - J.P.Morgan now expects the U.S. Federal Reserve to cut interest rates by 25 basis points at its September meeting, citing signs of weakness in the labor market and uncertainty around President Donald Trump's latest Fed nomination.The brokerage had earlier fo...Reuters
Fri, Aug 8
FACTBOX-Brokerages retain September rate cut bets after soft jobs report
August 8 (Reuters) - Wall Street brokerages retained their expectations for a September rate cut following a soft jobs report, while J.P.Morgan became the latest to join the list. J.P.Morgan expects the U.S. Federal Reserve to cut interest rates by 25 basis points at its September meeting...Reuters
Fri, Aug 8
Swiss government says tariff discussions with United States continues
ZURICH, Aug 8 (Reuters) - The Swiss government said on Friday it was continuing discussions with the United States about reducing tariffs, after a 39% import duty on Swiss products went into force on Thursday."Discussions with the United States are ongoing," the State Secretariat for Economi...Reuters
Fri, Aug 8
USD/CNH: Expected to consolidate in a range of 7.1720/7.1900 – UOB Group
US Dollar (USD) is expected to consolidate in a range of 7.1720/7.1900. In the longer run, USD appears to have moved into a 7.1600/7.2240 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Aug 8
