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TREASURIES-US yields extend fall after service sector data
By Gertrude Chavez-DreyfussNEW YORK, Feb 5 (Reuters) - U.S. Treasury yields extended their declines on Wednesday after data showed the U.S. services sector activity unexpectedly slowed in January.The Institute for Supply Management (ISM) said on Wednesday its nonmanufacturing purchasing managers ind...Reuters
Wed, Feb 5
Fed's Barkin expects Q1 year-on-year inflation will come down 'significantly'
Feb 5 (Reuters) - Richmond Fed President Tom Barkin said on Wednesday he expects annual inflation rate figures will come down "significantly" in the first quarter as higher figures from a year earlier drop out of the calculation.Barkin, speaking on the sidelines of a Conference Board event i...Reuters
Wed, Feb 5
Toronto home sales rebound 10% in January
By Fergal SmithTORONTO, Feb 5 (Reuters) - Greater Toronto Area home sales rebounded in January as new listings climbed, while home prices were little changed after two straight months of increases, data from the Toronto Regional Real Estate Board (TRREB) showed on Wednesday.Seasonally adjusted sales...Reuters
Wed, Feb 5
US services sector cools in January; price pressures abate
WASHINGTON, Feb 5 (Reuters) - U.S. services sector activity unexpectedly slowed in January amid cooling demand, helping to curb price growth.The Institute for Supply Management (ISM) said on Wednesday its nonmanufacturing purchasing managers index (PMI) slipped to 52.8 last month from 54.0 in Decemb...Reuters
Wed, Feb 5
RPT-Canada's services PMI shows activity shrinking in January
Repeats to add metadata, no change to content of storyBy Fergal Smith TORONTO, Feb 5 (Reuters) - Canada's services economy deteriorated for the second straight month in January as uncertainty generated by the threat of U.S. trade tariffs offset lower borrowing costs, S&P Global's Cana...Reuters
Wed, Feb 5
Tesla sees German car sales plunge in January
FRANKFURT, Feb 5 (Reuters) - Tesla TSLA.O sold almost 60% fewer cars in Germany in January than in the year-earlier period, as the U.S. electric vehicle maker faces a test of popularity amid headline-grabbing political involvement by its billionaire CEO Elon Musk. German road traffic agency KBA&#...Reuters
Wed, Feb 5
Brazil's 2024 industrial output notches annual gain but drops at year-end
Adds background, quotes from IBGE survey manager and economist throughout SAO PAULO, Feb 5 (Reuters - Industrial production in Brazil expanded in 2024, official data showed on Wednesday, but a third consecutive monthly drop in December reinforced signs of an economic slowdown. Production rose 3.1...Reuters
Wed, Feb 5
RPT-US trade deficit widens sharply in December as imports hit record high
Repeats to additional readers, no change to text of story WASHINGTON, Feb 5 (Reuters) - The U.S. trade deficit widened sharply in December as imports surged to a record high against the backdrop of tariff threats. The trade gap increased 24.7% to $98.4 billion, the highest since March 2022, from ...Reuters
Wed, Feb 5
Barkin sees three levels of uncertainty on Trump tariff plans
Feb 5 (Reuters) - Richmond Federal Reserve President Tom Barkin said on Wednesday he sees three levels of uncertainty around what may arise from President Donald Trump's actions on tariffs.First is the uncertainty around the level of duties and exactly whom they are levied upon, Barkin said at a...Reuters
Wed, Feb 5
Fed leaning toward more rate cuts amid uncertainty, Barkin says
Adds context in paragraphs 4-7 WASHINGTON, Feb 5 (Reuters) - The U.S. Federal Reserve is still leaning toward further rate cuts this year, although uncertainty about the impact of new Trump administration initiatives on things like tariffs, immigration and regulations will need to be better under...Reuters
Wed, Feb 5
