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CORRECTED-Canada's services PMI rises to 3-month high in May as confidence improves
By Fergal Smith TORONTO, June 4 (Reuters) - The downturn in Canada's services economy eased somewhat in May as firms grew more hopeful that trade and political uncertainty would become less of a drag on activity over the coming 12 months, S&P Global's Canada services PMI data showed o...Reuters
Wed, Jun 4
Turkey to press allies for access to EU defence funds
Cooperation needed more 'than ever before', Guler says Trump wants bloc spending target raised to 5% of GDPGuler tells Reuters U.S. should lift sanctions on TurkeyTurkey keen on making use of EU arms fundBy Tuvan Gumrukcu ANKARA, June 4 (Reuters) - Turkey will press European allies which ...Reuters
Wed, Jun 4
Trump says Fed's Powell must lower interest rate - Truth Social post
June 4 (Reuters) - U.S. President Donald Trump on Wednesday redoubled his calls for Federal Reserve Chair Jerome Powell to lower interest rates, noting that payroll processing firm ADP reported that job creation slowed in May."ADP number out. 'Too Late' Powell must now lower the rate. He...Reuters
Wed, Jun 4
Trump says Fed's Powell must lower interest rate - Truth Social post
June 4 (Reuters) - United States President Donald Trump on Wednesday called for Federal Reserve Chair Jerome Powell to lower interest rates, noting that payroll processing firm ADP reported that job creation slowed in May."ADP number out. 'Too Late' Powell must now lower the rate. He is...Reuters
Wed, Jun 4
US private payrolls growth slows sharply in May
WASHINGTON, June 4 (Reuters) - U.S. private payrolls increased far less than expected in May, the ADP National Employment Report showed on Wednesday.Private payrolls increased by only 37,000 jobs last month after a downwardly revised 60,000 rise in April. Economists polled by Reuters had forecast pr...Reuters
Wed, Jun 4
Breaking: Private sector employment in US rises 37,000 in May vs. 115,000 expected
Private sector employment in the US rose by 37,000 in May, the Automatic Data Processing (ADP) reported on Wednesday. This reading followed the 60,000 increase recorded in April and missed the market expectation of 115,000 by a wide margin.Fxstreet
Wed, Jun 4
Mexico March gross fixed investment rises 0.3% month-on-month
MEXICO CITY, June 4 (Reuters) - Mexican gross fixed investment rose 0.3% in March from the previous month, the national statistics agency INEGI said on Wednesday.Compared with the same month last year, investment was down 0.2%, according to INEGI's data.Reuters
Wed, Jun 4
CAD little changed ahead of BoC policy decision – Scotiabank
USD/CAD is essentially flat as markets await the BoC policy decision. The economists’ consensus has swung to no change after anticipating a 25bps cut until late last week, Scotiabank's Chief FX Strategist Shaun Osborne notes.Fxstreet
Wed, Jun 4
Italy draws healthy demand for syndicated issue ahead of ECB meeting
MILAN, June 4 (Reuters) - Italy drew healthy demand on Wednesday for a dual-tranche syndicated deal consisting of a new 5-year BTP and a tap of a Green BTP bond maturing in 2037 as investors bet on further rate cuts by the European Central Bank (ECB). Rome saw final demand of over 214 billion eur...Reuters
Wed, Jun 4
Australia: Soft 1Q25 GDP reinforces expectations for further easing by RBA – UOB Group
Australia’s GDP posted a 0.2% q/q rise in 1Q25, lower than consensus expectations for a 0.4% q/q print, and growth pace of 0.6% q/q in 4Q24. It was also weaker than the RBA’s May Statement on Monetary Policy forecast of 0.4%.Fxstreet
Wed, Jun 4
EU executive starts disciplinary steps against Austria over budget deficit
BRUSSELS, June 4 (Reuters) - The European Commission started on Wednesday disciplinary steps against Austria over the country's budget deficit that exceeds EU limits, a procedure could potentially end in fines.Austria had a budget deficit of 4.7% of GDP last year, well above the European Union&#...Reuters
Wed, Jun 4
