News
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It would be better if French budget deficit did not exceed 4.8% in 2026, Villeroy says
PARIS, Oct 10 (Reuters) - France must reduce its rising debt and it would be better for the euro zone's second largest economy if its public deficit did not exceed 4.8% of gross domestic product in 2026, Bank of France head Francois Villeroy de Galhau said on Frday.The European Central Bank memb...Reuters
Fri, Oct 10
France's political uncertainty has toll, affects confidence and growth, Villeroy says
PARIS, Oct 10 (Reuters) - France's current political uncertainty has a real impact in that it affects business and consumer confidence and economic growth, said the country's central bank chief, Francois Villeroy de Galhau, on RTL radio on Friday, though he added that the country's econo...Reuters
Fri, Oct 10
PRESS DIGEST -Wall Street Journal - October 10
Oct 10 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - PepsiCo PEP.O has named Walmart WMT.N executive Steve Schmitt as its new CFO, effective November 10, replacing company veteran Jamie C...Reuters
Fri, Oct 10
Canada Unemployment Rate expected to edge higher in September
Statistics Canada will release its Labour Force Survey on Friday, and markets are bracing for a mixed print. The Unemployment Rate is expected to tick higher to 7.2% in September, while the Employment Change is forecast to rise by 5K new workers after a huge loss in August.
Fxstreet
Fri, Oct 10
Japan wholesale inflation holds steady, yen falls add pressure on BOJ
Sept wholesale inflation hits 2.7%, steady from AugYen-based import prices fall at slower pace than in AugustYen falls, if persistent, may cause renewed rise in import costsNearly 90% of households expect prices to rise a year from nowBy Leika Kihara TOKYO, Oct 10 (Reuters) - Japan's wholesal...Reuters
Fri, Oct 10
GBP/USD holds ground above 1.3300 due to BoE's cautious outlook
GBP/USD inches higher after three days of losses, trading around 1.3310 during the Asian hours on Friday. The pair may appreciate as the Pound Sterling (GBP) may gain ground amid cautious sentiment surrounding the Bank of England’s (BoE) monetary policy stance.
Fxstreet
Fri, Oct 10
EUR/USD strengthens above 1.1550 despite French political crisis
The EUR/USD pair gains ground around 1.1575, snapping the four-day losing streak during the Asian trading hours on Friday. The potential upside for the major pair might be limited as the political turmoil in France weighed on the Euro (EUR).
Fxstreet
Fri, Oct 10
US BLS recalls staff from furlough to complete the September CPI report – NY Times
Citing a Trump administration official, the New York Times reported on Friday that the US Bureau of Labor Statistics (BLS) is calling back a limited number of staff from furlough to complete the September Consumer Price Index (CPI) report, despite the ongoing government shutdown.Fxstreet
Fri, Oct 10
Fed's Daly: labor market is at a 'worrisome' point
Labor demand is softening, warranting rate cuts: DalyAI could transform economy; current slowdown is speeding adoptionCutting rates is risk management, policy still modestly restrictive: DalyOct 9 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly said on Thursday that a softening la...Reuters
Fri, Oct 10
Fed's Daly: labor market is at a 'worrisome' point
Oct 9 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly said on Thursday a softening labor market and inflation that has come in "much less" than people had feared warranted last month's U.S. interest-rate cut and prompted the Fed to signal more rate cuts could be ahead.Reuters
Fri, Oct 10
Fed’s Daly: Inflation has come in much less than had feared
Federal Reserve (Fed) Bank of San Francisco President Mary Daly said on Friday that inflation has come in much less than she had feared. Daly further stated that the US central bank is projecting additional cuts in risk management.Fxstreet
Fri, Oct 10
Japan's Akazawa says US-Japan trade deal implemented smoothly
Japan’s top tariff negotiator Ryosei Akazawa and US Commerce Secretary Howard Lutnick reaffirmed on Friday that the United States (US) and Japan trade agreement will serve to further strengthen the two nations’ strategic and economic ties, Bloomberg reported on Friday.Fxstreet
Fri, Oct 10
