News
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Russian economy slows sharply, with more turmoil on horizon
New data point to sharp economic slowdownOil price fall creates new risksIndustrial sectors outside defence are stagnatingPressure rising on central bank to lower rates By Darya Korsunskaya MOSCOW, April 8 (Reuters) - The Russian economy has slowed sharply in recent months, according to the lates...Reuters
Tue, Apr 8
Brazil's gross debt hits 76.2% of GDP in February amid high interest costs
BRASILIA, April 8 (Reuters) - Brazil's public sector gross debt rose in February from the previous month, central bank data showed on Tuesday, driven by the country's heavy interest burden.The debt load reached 76.2% of gross domestic product (GDP), up from 75.7% in January, in line with eco...Reuters
Tue, Apr 8
PREVIEW-Global market rout darkens outlook for European luxury labels
Hopes for luxury turnaround fade with tariff tumult Bernstein cuts luxury sales forecast to minus 2% from 5% growthPotential recession seen as bigger threat than tariffs directlyLVMH kicks off sector sales reports on April 15By Mimosa Spencer PARIS, April 8 (Reuters) - Growing fears that Donald T...Reuters
Tue, Apr 8
RPT-BREAKINGVIEWS-India's trade deal frenzy offers a Trump hedge
By Shritama Bose MUMBAI, April 8 (Reuters Breakingviews) - Donald Trump's penchant for dealmaking is rubbing off on India. The world's fifth-largest economy is feverishly negotiating trade deals with the European Union and the UK, and is warming up to joining a China-backed bloc that it p...Reuters
Tue, Apr 8
US Treasury Sec. Bessent: Trump is committed to fixing trade imbalances
In an interview with CNBC on Tuesday, US Treasury Secretary Scott Bessent said that he was not involved in the calculations of tariffs rates and reiterated that US President Donald Trump is committed to fixing trade i mbalances.Fxstreet
Tue, Apr 8
Brazil's public sector gross debt up to 76.2% of GDP in February
BRASILIA, April 8 (Reuters) - Brazil's public sector gross debt rose to 76.2% of gross domestic product (GDP) in February from 75.7% the month before, central bank data showed on Tuesday.The public sector recorded a primary deficit of 18.973 billion reais ($17.92 billion) for the month, narrower...Reuters
Tue, Apr 8
ECB's Stournaras says higher inflation due to tariffs could delay monetary policy normalisation
Stournaras warns U.S. tariffs may stoke inflation, delay ECB policy normalizationGlobal trade war would hit supply chainsGreece faces limited direct impact from U.S. tariffs ATHENS, April 8 - European Central Bank policymaker Yannis Stournaras said on Tuesday that likely higher inflation and a gl...Reuters
Tue, Apr 8
AUD/USD surges to near 0.6050 despite multiple headwinds
The AUD/USD pair soars to near 0.6050 during European trading hours on Tuesday. The Aussie pair strengthens as the Australian Dollar (AUD) advances strongly even though fears of a trade war between the United States (US) and China have escalated.
Fxstreet
Tue, Apr 8
Norway's central bank is prepared for more market volatility, governor says
By Gwladys Fouche OSLO, April 8 (Reuters) - Norway's central bank is closely monitoring the current situation in financial markets and will be prepared for continued volatility, Norges Bank Governor Ida Wolden Bache told Reuters on Tuesday. Stocks worldwide swung wildly on Monday as in...Reuters
Tue, Apr 8
US Dollar softens with equities turning green
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades above 103.20 at the time of writing on Tuesday, slightly lower in the day while risk on is trying to take over market sentiment.Fxstreet
Tue, Apr 8
PBOC signals weaker yuan as USD/CNH tests resistance – BBH
The Shanghai Composite Index recovered slightly today after diving by roughly 9% on Monday. China’s state fund manager, controlled by the Ministry of Finance, confirmed it had taken action to increase its holdings of stock market index funds and promised to buy more, BBH FX analysts report.Fxstreet
Tue, Apr 8
Singapore PM says US universal tariff doesn't look open for negotiation
SINGAPORE, April 8 (Reuters) - Singapore Prime Minister Lawrence Wong said on Tuesday a 10% universal tariff rate imposed by the United States does not look open for negotiation and warned of potential upheaval in the domestic economy from a global escalation of trade disputes.Wong in an address to ...Reuters
Tue, Apr 8
EUR/USD struggles to extend recovery amid fears of potential Eurozone-US tariff war
EUR/USD trades higher in Tuesday’s European trading session but struggles to reclaim the psychological figure of 1.1000. The major currency pair tussles for more upside as the US Dollar Index (DXY) strives to extend its two-day recovery move above Monday’s high of 103.50.
Fxstreet
Tue, Apr 8
ECB's Stournaras says higher inflation from U.S. tariffs could delay monetary policy normalisation
ATHENS, April 8 - ECB's policymaker Yannis Stournaras said on Tuesday that an expected higher inflation and a global trade war following U.S. President Donald Trump's tariffs could delay normalization of euro zone's monetary policy.Reuters
Tue, Apr 8
