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Moody's Ratings Assigns A Caa1 CFR To Spirit Airlines Following Emergence From Bankruptcy; Outlook Stable
April 7 (Reuters) - Moody's:MOODY'S RATINGS ASSIGNS A CAA1 CFR TO SPIRIT AIRLINES FOLLOWING EMERGENCE FROM BANKRUPTCY; OUTLOOK STABLEMOODY'S: OUTLOOKS FOR SPIRIT AND SPIRIT IP ARE STABLEMOODY'S: WEAKENING CONSUMER CONFIDENCE & REDUCED SPENDING FROM LOWER-INCOME DEMOGRAPHIC WILL B...Reuters
Mon, Apr 7
No Fed 'put' when it's unclear which way the economy may pivot
By Howard SchneiderWASHINGTON, April 7 (Reuters) - U.S. Federal Reserve Chair Jerome Powell has sent strong messages when he felt they were needed, going on television to pledge maximum support for the economy when the COVID-19 pandemic struck, using a terse 2022 speech for a stern message about inf...Reuters
Mon, Apr 7
Fed's priority should be to keep inflation in check: Kugler
Kugler says Fed's priority is to keep inflation in checkTrump's tariffs have increased recession fears, sent stock markets plungingRising prices painful for households, Kugler says April 7 (Reuters) - Federal Reserve Governor Adriana Kugler on Monday said that some of the recent rise in g...Reuters
Mon, Apr 7
Bank of Israel chief says too much global uncertainty to lower rates
Central bank keeps key rate at 4.5% for 10th straight monthGovernor says global economy facing biggest 'shake-up' in yearsCentral bank cuts Israeli growth forecasts for 2025 and 2026By Steven Scheer JERUSALEM, April 7 (Reuters) - The Bank of Israel left short-term interest rates unchanged...Reuters
Mon, Apr 7
TREASURIES-Yields rebound on optimism over tariff deals
Treasury yields higher on day on tariff optimismTwo-year yields earlier reach lowest since September 2022Tariff uncertainty expected to keep market volatileBy Karen Brettell NEW YORK, April 7 (Reuters) - U.S. Treasury yields rebounded on Monday on rising optimism that some countries may negotiate...Reuters
Mon, Apr 7
Fed's Kugler: Tariffs, import prices, shortages could be key to inflation trends
April 7 (Reuters) - Federal Reserve Governor Adriana Kugler on Monday said that some of the recent rise in goods and market-services inflation may be "anticipatory" of the effect of the Trump administration's current policies."If you think about tariffs, for example, this measure of...Reuters
Mon, Apr 7
POLL-Egyptian inflation seen edging down to 12.6% in March
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=EGCPY%3DECI poll dataCAIRO, April 7 (Reuters) - Egypt's annual inflation is forecast to have edged down further in March after a base effect caused it to plunge in February, according to a Reuters poll. The drop in annual infl...Reuters
Mon, Apr 7
Impact of US tariffs on Chile economy still unclear, cenbank head says
SANTIAGO, April 7 (Reuters) - The head of Chile's central bank said on Monday that it is still too early to determine the impacts that U.S. tariffs will have on the local economy.Speaking to reporters in Santiago, central bank governor Rosanna Costa said that while the local currency fell, along...Reuters
Mon, Apr 7
Restaurant stocks slump as Trump's tariffs raise recession fears
** Shares of restaurant companies fall as President Donald Trump's hefty tariffs on several countries raised fears of a recession and sparked a global markets sell-off** UBS analysts say direct cost impact of tariffs on restaurants manageable, but see bigger risk as incremental pressure on consu...Reuters
Mon, Apr 7
IMF keeps its 2025 GDP growth forecast for Greece at 2.1%
ATHENS, April 7 (Reuters) - The International Monetary Fund has kept its forecast for Greece's economic growth this year at 2.1%, citing in a report published on Monday the country's rising investments and solid private consumption.The IMF said that near-term economic outlook remains favoura...Reuters
Mon, Apr 7
Trump adviser Navarro dismisses Musk as 'car assembler' after tariff comments
Navarro criticizes Musk's call for zero tariffs with EuropeMusk advocates for free trade zone between US and EuropeTesla's reliance on foreign parts contrasts with Trump's reshoring pushNavarro labels Musk a 'car assembler' due to foreign parts relianceS&P 500 down over 20% f...Reuters
Mon, Apr 7
WH Economic Adviser Hassett: Trump is considering a 90-day pause in tariffs for all except China
Kevin Hassett, Director of the US National Economic Council (NEC), told CNBC on Monday that US President Donald Trump is considering a 90-day pause in tariffs for all countries except China, as reported by Reuters.Fxstreet
Mon, Apr 7
EU needs to lower non-tariff barriers, including VAT, White House trade adviser says
WASHINGTON, April 7 (Reuters) - The European Union will need to lower its non-tariff barriers, including those created by value-added taxes, if it wants to reach a deal to lower U.S. tariffs imposed by President Donald Trump, White House trade adviser Peter Navarro said on Monday. Navarro told CN...Reuters
Mon, Apr 7
TREASURIES-Yields rebound from earlier lows, but mixed on the day
Treasury yields rebound, 10-year yields higher on dayTwo-year yields earlier reach lowest since September 2022Tariff uncertainty expected to keep market volatileBy Karen Brettell NEW YORK, April 7 (Reuters) - U.S. Treasury yields rebounded from earlier lows on Monday when two-year yields hit thei...Reuters
Mon, Apr 7
USD/CAD trades higher around 1.4260 as Canadian Dollar underperforms
The USD/CAD pair rises to near 1.4260 during North American trading hours on Monday. The Loonie pair gains as the Canadian Dollar (CAD) faces selling pressure amid growing expectations that the Bank of Canada (BoC) could continue reducing interest rates this year.
Fxstreet
Mon, Apr 7
EU's Sefcovic says US tariffs hitting 380 billion euros' worth of its exports
LUXEMBOURG, April 7 (Reuters) - The range of U.S. tariffs decided last week by President Donald Trump is hitting 380 billion euros ($416.21 billion) worth of EU exports to the United States, EU trade commissioner Maros Sefcovic told reporters on Monday.He added the European Commission had worked a l...Reuters
Mon, Apr 7
Trump adviser Navarro dismisses Musk as 'car assembler' after tariff comments
WASHINGTON, April 7 (Reuters) - Peter Navarro, President Donald Trump's top trade adviser, on Monday dismissed tech-billionaire Elon Musk's push for "zero tariffs" between the United States and Europe, calling the Tesla CEO a "car assembler" reliant on parts from other countr...Reuters
Mon, Apr 7
Chile central bank says keeping rate unchanged was only option amid global uncertainty, minutes show
SANTIAGO, April 7 (Reuters) - Chile's central bank said on Monday that the only plausible option at its March meeting was keeping the benchmark interest rate on hold at 5% due to risks facing the inflationary outlook.The meeting minutes said that global economic uncertainty has greatly increased...Reuters
Mon, Apr 7
Japan PMI Ishiba: Will continue to push US to review tariff policies
Japanese Prime Minister (PM) Shigeru Ishiba said on Monday that the told United States (US) President Donald Trump in a video meeting that Japan has made the biggest investment in the US for five straight years, per Reuters.Fxstreet
Mon, Apr 7
