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What to Watch in the Day Ahead - Tuesday, August 5
Advanced Micro Devices is expected to report a sharp jump in second-quarter revenue, benefiting from a surge in demand for its artificial intelligence chips. Investors will be watching for commentary on U.S. President Donald Trump's chip export curbs and tariffs. Pfizer is set to report second-q...Reuters
Mon, Aug 4
Brazil creates fewer formal jobs than expected in June
BRASILIA, Aug 4 (Reuters) - Brazil's economy created a net 166,621 formal jobs in June, data from the Labor Ministry showed on Monday, below the 171,404 expected by economists in a Reuters poll.The data accounts for 2,139,182 jobs opened and 1,972,561 closed in the period, the ministry said.From...Reuters
Mon, Aug 4
POLL-Mexico's headline inflation seen easing in July, core inflation still above target
MEXICO CITY, Aug 4 (Reuters) - Mexico's headline inflation likely slowed in July, although the core index likely remained above the official target, supporting expectations the central bank will slow its pace of interest rate cuts later this week, Reuters poll showed on Monday.The median estimat...Reuters
Mon, Aug 4
Bridgewater founder Ray Dalio urges Trump to reveal why he fired top labor official
Aug 4 (Reuters) - Investor Ray Dalio said on Monday he, too, would likely have fired the commissioner of the Bureau of Labor Statistics because he "believes the data is not good", but urged U.S. President Donald Trump to disclose the reasoning behind her removal.In a post on social media pla...Reuters
Mon, Aug 4
A Swiss watch icon navigates Trump's tariff uncertainty
Swatch's US inventory helps with tariffs, CEO saysSwiss president should travel to US to resolve issue - CEOUS generated 18% of company's 2024 sales, analysts sayNew 39% tariff rate to be implemented from ThursdaySwiss government racing to defuse tariff threatBy John Revill ZURICH, Aug 4 ...Reuters
Mon, Aug 4
The jobs data revisions that cost a US government statistician her job
Aug 4 (Reuters) - The revisions to previous estimates of the size of U.S. payrolls gains for May and June that prompted President Donald Trump to fire Bureau of Labor Statistics Commissioner Erika McEntarfer on Friday were by any measure extraordinarily large.Indeed, the combined downward revision f...Reuters
Mon, Aug 4
Asked about Trump firing, German minister says institutions must be independent
By Maria Martinez WASHINGTON, Aug 4 (Reuters) - State institutions should be independent and free from politics, German Finance Minister Lars Klingbeil said on Monday when asked about U.S. President Donald Trump's firing of the head of the Bureau of Labor Statistics."I consider this polit...Reuters
Mon, Aug 4
TREASURIES-US yields choppy in wake of Friday plunge
Weak payrolls report impacts Treasury yieldsUpcoming Treasury auctions to increase supplyFactory orders data matches expectationsBy Chuck Mikolajczak NEW YORK, Aug 4 (Reuters) - U.S. Treasury yields were choppy to start the trading week, alternating between modest gains and declines, after a shar...Reuters
Mon, Aug 4
US factory orders fall sharply in June on aircraft orders drop
Aug 4 (Reuters) - New orders for U.S.-manufactured goods fell in June as commercial aircraft orders plunged, reversing the surge in plane orders that had driven the overall upswing in orders in the prior month.Factory orders tumbled 4.8% after an upwardly revised 8.3% increase in May, the Commerce D...Reuters
Mon, Aug 4
Japan panel proposes 6% minimum wage hike to counter inflation woes
Proposal would raise average minimum wage to 1,118 yen per hourPM Ishiba aims to raise minimum wage to 1,500 yenPersistent inflation fuels public frustration with governmentBy Makiko Yamazaki TOKYO, Aug 4 (Reuters) - A Japanese Labour Ministry panel on Monday proposed a 6% increase in the nationa...Reuters
Mon, Aug 4
USD/CNH: Any decline might not be able to reach 7.1750 – UOB Group
US Dollar (USD) could edge lower against Chinese Yen (CNH), but any decline might not be able to reach 7.1750. In the longer run, USD appears to have moved into a 7.1600/7.2240 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, Aug 4
