News
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BNP Paribas expects half a percentage point of ECB hikes in 2026
LONDON, March 26 (Reuters) - BNP Paribas expects the European Central Bank to hike interest rates by half a percentage point next year as fiscal stimulus boosts price pressures, it said on Wednesday. The French bank said it had revised up its euro zone growth forecasts by 0.4 percentage points to 1....Reuters
Wed, Mar 26
St. Louis Fed's Musalem says tariffs could trigger more persistent inflation
By Howard SchneiderMarch 26 (Reuters) - Risks have increased that U.S. inflation will stall above the Federal Reserve's 2% target or even rise further in the near term, with rising import taxes potentially triggering more persistent price pressures, St. Louis Fed president Alberto Musalem said o...Reuters
Wed, Mar 26
Trump could use 2019 investigation to justify tariffs on auto imports
Trump has suggested auto tariffs of around 25%US Commerce probe in 2019 found imports harmed national securityUS imported $474 billion of auto parts in 2024By Andrea Shalal, David Lawder WASHINGTON, March 26 (Reuters) - U.S. President Donald Trump's administration is likely to use an investig...Reuters
Wed, Mar 26
We can still trust Americans, NATO chief says after 'Signalgate'
WARSAW, March 26 (Reuters) - NATO Secretary-General Mark Rutte said on Wednesday Europe could still trust the U.S. administration after it emerged that a journalist was included in a group chat among national security aides to coordinate U.S. military strikes on Yemeni militants.Jeffrey Goldberg, ed...Reuters
Wed, Mar 26
No normalisation of relations with Russia after war, NATO's Rutte says
WARSAW, March 26 (Reuters) - There will be no normalisation of relations with Russia even after the war in Ukraine is over, NATO Secretary-General Mark Rutte said on Wednesday."That will not happen. This will take decades, because there is a total lack of confidence. The threat is still there......Reuters
Wed, Mar 26
Euro zone bond yields muted, tariffs in focus
By Yadarisa Shabong March 26 (Reuters) - Euro zone government bond yields were little changed on Wednesday as markets were kept in check by caution about looming U.S. tariffs and their potential impact on economic growth.The German 10-year bond yield DE10YT=RR, the benchmark for the euro zone blo...Reuters
Wed, Mar 26
Turkey's opposition elects interim Istanbul mayor after Imamoglu's jailing
Imamoglu's jailing sparks largest anti-government protests in a decadeCHP elects Nuri Aslan as interim mayor to block government trusteeTurkish financial assets plunge, central bank intervenes to support lira ANKARA, March 26 (Reuters) - Istanbul's opposition-run municipal council on Wedn...Reuters
Wed, Mar 26
Fed should stay put for extended period amid policy uncertainty, Kashkari says
Kashkari uncertain about tariffs' impact on U.S. economyRates view in line with Fed Chair Powell's no rush to cutDrop in sentiment could slow spending, Kashkari warnsBy Ann Saphir March 26 (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Wednesday said he's unce...Reuters
Wed, Mar 26
US tariffs could cut size of UK economy by 1%, OBR says
US global tariffs could wipe out most of UK's fiscal bufferBritain is negotiating to avoid worst of Trump's tariffsUK considering altering tech tax to avoid tariff impact By Andrew MacAskillLONDON, March 26 (Reuters) - U.S. President Donald Trump's threats to impose new tariff rates next...Reuters
Wed, Mar 26
WRAPUP 2-Front-loading ahead of tariffs boosts US durable goods orders
Durable goods orders increase 0.9% in FebruaryOrders for core capital goods orders fall 0.3%Shipments of core capital goods rebound 0.9%By Lucia Mutikani WASHINGTON, March 26 (Reuters) - Orders for long-lasting U.S. manufactured goods unexpectedly rose in February as businesses rushed to avoid po...Reuters
Wed, Mar 26
US crude stockpiles fall as refining continues to rise, EIA says
By Stephanie KellyNEW YORK, March 26 (Reuters) - U.S. crude oil inventories fell last week as refiners continued to ramp up production, while gasoline and distillate stockpiles also dropped, the Energy Information Administration said on Wednesday.Crude inventories fell by 3.3 million barrels to 433....Reuters
Wed, Mar 26
CORRECTED-Fed has more work to do, policy uncertainty is complicating it: Kashkari
March 26 (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Wednesday said that while the U.S. central bank has made a lot of progress bringing inflation down, "we have more work to do" to get inflation to the Fed's 2% target. "The biggest challenge for us right ...Reuters
Wed, Mar 26
US reciprocal tariffs could cut size of UK economy by 1%, OBR says
LONDON, March 26 (Reuters) - U.S. President Donald Trump's threats to impose new reciprocal tariff rates next week on countries around the world could cut the size of the British economy by up to 1%, according to the government's independent fiscal watchdog.The Office for Budget Responsibili...Reuters
Wed, Mar 26
US risks default as soon as August without debt-ceiling action, CBO estimates
WASHINGTON, March 26 (Reuters) - The U.S. government will probably risk defaulting on some of its $36.6 trillion in debt as soon as August - or possibly even by late May - unless Congress acts to raise the nation's debt ceiling, the non-partisan Congressional Budget Office forecast on Wednesday....Reuters
Wed, Mar 26
US crude stocks, gasoline and distillate inventories fall, EIA says
NEW YORK, March 26 (Reuters) - U.S. crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.Crude inventories fell by 3.3 million barrels to 433.6 million barrels in the week ended March 21, the EIA said, compared with analysts' e...Reuters
Wed, Mar 26
TREASURIES-Yields inch higher on tariff exemption hopes, quarter-end trades
Yields inch higher on possible tariff exemptionsQuarter-end rebalancing adds selling pressureFebruary reading of durable goods orders better than forecastBy Davide Barbuscia NEW YORK, March 26 (Reuters) - U.S. Treasury yields inched higher on Wednesday as investors weighed the prospect of exempti...Reuters
Wed, Mar 26
CFO optimism dropped as Trump tariff plans unfolded, survey says
CFO optimism fell from 66 to 62.1 in Q1Construction sector optimism rose, manufacturing fellCFOs concerned about tariffs, expect slower growthConsumer sentiment also dropped, fearing recession and inflationBy Howard Schneider WASHINGTON, March 26 (Reuters) - Optimism among company chief financial...Reuters
Wed, Mar 26
