News
Important Only
White House aides draft proposal to impose tariffs of around 20 % on most imports to US – WaPo
Citing sources familiar with the matter, the Washington Post reported on Tuesday that White House aides have drafted a proposal to impose tariffs of around 20% on most imports to the United States, per Reuters.Fxstreet
Tue, Apr 1
Euro zone bond yields fall as US tariffs loom, markets mull ECB rate outlook
By Lucy Raitano LONDON, April 1 (Reuters) - Euro zone bond yields fell on Tuesday, as traders awaited details of U.S. President Donald Trump's reciprocal tariffs on Wednesday while the latest inflation figures backed the market's expectation of a European Central Bank rate cut in April. G...Reuters
Tue, Apr 1
US auto sales set to modestly rise in first quarter as tariffs signal bumpy ride
April 1 (Reuters) - U.S. auto sales likely inched higher in the first three months of the year on steady demand, data from the carmakers will show on Tuesday, as the industry braces for the fallout of President Donald Trump's latest tariffs.Market research firm Cox Automotive has estimated that ...Reuters
Tue, Apr 1
GLOBAL ECONOMY-Euro zone factories show signs of recovery but Asia weakens as US tariffs sap confidence
Euro zone factories showed signs of meaningful recovery in MarchJapan, S. Korea, Taiwan saw factory activity shrinkChina's private survey showed rebound in factory activityChina's rebound seen as short-lived as tariff hits exportsBy Jonathan Cable and Leika Kihara LONDON/TOKYO, April 1 (R...Reuters
Tue, Apr 1
US Senate Republicans to seek referee's opinion on Trump tax plan
By David Morgan WASHINGTON, April 1 (Reuters) - U.S. Senate Republicans will ask their chamber's nonpartisan referee this week to weigh in on a controversial plan to make President Donald Trump's expiring 2017 tax cuts permanent, which critics say could lead to trillions of dollars in add...Reuters
Tue, Apr 1
Chinese banks hike consumer loan rates in abrupt reversal as bad debt risks mount
Banks raise consumer loan rates to at least 3%Top lenders have warned of growing personal bad loansHigher rates could deter China's consumption push, analysts warnBy Ziyi Tang and Ryan Woo BEIJING, April 1 (Reuters) - Some Chinese banks have started raising interest rates amid growing bad con...Reuters
Tue, Apr 1
SNB continues to intervene only cautiously – Commerzbank
Yesterday's figures on the Swiss National Bank's (SNB) foreign exchange interventions, which amounted to around 100 million in the fourth quarter, once again confirmed that the SNB is currently intervening in the foreign exchange market rather cautiously, Commerzbank's FX analyst Michael Pfister notes.
REFILE-Rising UK inflation expectations are a concern, but not 'flashing red lights', BoE's Greene says
April 1 (Reuters) - Bank of England interest rate setter Megan Greene said on Tuesday that she was concerned by increases in the public's expectations for future inflation, but added that they remained anchored.Surveys published by the BoE and Citi/YouGov show inflation expectations have risen i...Reuters
Tue, Apr 1
Strong reasons to expect Swedish inflation will ease, Riksbank's Jansson says
Riksbanks's Jansson: Swedish economy still in need of supportHikes unlikely unless confidence in inflation target threatenedStill reasons to be optimistic on growth LONDON, April 1 (Reuters) - There are strong reasons to believe Swedish inflation, which has run above target in recent months, ...Reuters
Tue, Apr 1
Greek unemployment drops to 8.6% in February
April 1 (Reuters) - Greece's jobless rate stood at 8.6% in February, down from an upwardly revised 9.1% in January, data from statistics service ELSTAT showed on Tuesday.Seasonally adjusted data showed 404,581 people were officially unemployed.Unemployment impacted women more than men, at the ra...Reuters
Tue, Apr 1
Euro zone inflation drops in likely boost for rate cut bets
FRANKFURT, April 1 (Reuters) - Euro zone inflation eased as expected last month and a key measure of underlying price pressures also fell, likely adding to already widespread expectations for another European Central Bank interest rate cut later in April. Consumer price growth in the 20 nations shar...Reuters
Tue, Apr 1
US: Looming tariff threats put Asia at risk – UOB Group
As the 2 April 'Liberation Day' approaches, financial markets have turned more jittery with exporters and businesses bracing for potentially hard-hitting import tariffs imposed by US President Trump, UOB Group's economists Suan Teck Kin and Alvin Liew note.Fxstreet
Tue, Apr 1
Portugal EV sales rise 29% in first quarter, Tesla down 26%
LISBON, April 1 (Reuters) - Tesla TSLA.O sold almost 26% fewer cars in Portugal in the first quarter than a year earlier, while new registrations of light electric vehicles rose 29%, the country's automobile industry association ACAP said on Tuesday.Total new registrations of passenger vehicles ...Reuters
Tue, Apr 1
