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WRAPUP 1-Slow US job growth anticipated in May; unemployment rate seen steady
Nonfarm payrolls forecast increasing 130,000 in May Unemployment rate expected to hold steady at 4.2%Average hourly earnings seen rising 0.3%; up 3.7% year-on-yearAverage workweek likely held steady at 34.3 hoursBy Lucia Mutikani WASHINGTON, June 6 (Reuters) - U.S. job growth likely slowed consid...Reuters
Fri, Jun 6
UK's Reeves says economy is turning a corner but public restless
LONDON, June 5 (Reuters) - More upbeat business surveys and strong first-quarter GDP show the British economy is recovering from a weak end to 2024, but the public remain restless about slow improvements to living standards, finance minister Rachel Reeves said on Thursday.Reuters
Fri, Jun 6
Canadian regulator says Prince Rupert Gas Transmission pipeline project has started
June 5 (Reuters) - British Columbia's Environmental Assessment Office has determined that work on the Prince Rupert Gas Transmission natural gas pipeline project has been substantially started, the provincial government said on Thursday. The decision means a 2014 environmental assessment ce...Reuters
Thu, Jun 5
RPT-India plans rare earth magnet incentives as supply threat mounts, sources say
India wants to wean itself off dependence on ChinaPlans to build sustainable, secure magnet stocks -sourcesTo offer fiscal benefits for domestic production -sourceIndia has world's third-largest reserves of rare earthsBy Aditi Shah, Neha Arora and Aditya Kalra NEW DELHI, June 5 (Reuters) - In...Reuters
Thu, Jun 5
WRAPUP 1-Fed policymakers flag inflation concerns, a view that argues against rate cuts
Fed meets June 17-18, expected to keep rates on holdKugler and Schmid foreground inflation risksHarker highlights economic resilience amid policy uncertaintyFed Chair Powell, others see risks to both jobs, inflationBy Ann Saphir and Michael S. Derby June 5 (Reuters) - A pair of Federal Reserve po...Reuters
Thu, Jun 5
Portugal to meet 2% defence spending target ahead of schedule in 2025
LISBON, June 5 (Reuters) - Portugal expects to increase its defence spending to 2% of gross domestic product this year, four years ahead of schedule, Prime Minister Luis Montenegro said on Thursday.Among the 32 members of NATO, Portugal is one of the countries with the lowest defence spending as a s...Reuters
Thu, Jun 5
UK's Reeves says economy is turning a corner, eyes energy investment
LONDON, June 5 (Reuters) - More upbeat business surveys as well as strong first-quarter gross domestic product show that the British economy is recovering from a weak end to 2024, finance minister Rachel Reeves said on Thursday."The most recent GDP numbers, 0.7% growth in the first quarter, the ...Reuters
Thu, Jun 5
CORRECTED-Robinhood exec touts retail investor strength, says overnight trading the future
By Ateev Bhandari June 5 (Reuters) - Robinhood HOOD.O executive Steve Quirk on Thursday credited retail investors with helping the market rebound after a sharp plunge in April, adding that young self-directed traders were increasingly making trades outside traditional hours.His comments came in r...Reuters
Thu, Jun 5
Delta warns tariffs could force airline to stop buying foreign-made airplanes
Airline responds to prospect of national security tariffsIndustry wants Trump administration to maintain tariff-free treatment of planes, parts under 1979 treatyAviation, aerospace sector warn tariffs could put aviation safety at riskBy David Shepardson WASHINGTON, June 5 (Reuters) - Delta Air Li...Reuters
Thu, Jun 5
TREASURIES-US yields climb as trade deal hopes outweigh data
Yields fall after jobless claims, productivity dataTrump-Xi phone talks boost market sentimentTwo-year yield tests 50-day moving averageBy Chuck Mikolajczak NEW YORK, June 5 (Reuters) - U.S. Treasury yields rebounded on Thursday from an initial drop in choppy trading after a round of economic dat...Reuters
Thu, Jun 5
Fed's Harker says trade policy clarity may be most important issue
June 5 - Federal Reserve Bank of Philadelphia President Patrick Harker said Thursday stability in trade policy may outweigh the actual level of tariffs set by the Trump administration.Business leaders “want clarity” amid constantly changing import taxes, Harker said at an event at his bank. When it ...Reuters
Thu, Jun 5
