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Fed's Bostic says current uncertainty calls for patience on rate policy
Fed's Bostic says uncertainty calls for policy patienceBostic remains open to rate cut this year if economy warrants itHe says he is still worried that inflation is too highBy Michael S. DerbyNEW YORK, June 3 (Reuters) - Atlanta Federal Reserve President Raphael Bostic said on Tuesday a strong e...Reuters
Tue, Jun 3
Indonesia vows to provide US tariff preferences before June talks
JAKARTA, June 3 (Reuters) - Indonesia has committed to provide a list of preferred tariffs on U.S. goods before starting a second round of talks with Washington scheduled this month, its senior economy minister said on Wednesday after meeting the U.S. trade envoy.The U.S. was Indonesia's third-b...Reuters
Tue, Jun 3
MS Re CEO: Maintaining discipline a greater challenge to reinsurers than macro environment
By David BullJune 3 - (The Insurer) - Surplus capital of $60 billion to $70 billion poses a bigger challenge to the reinsurance sector than macroeconomic headwinds, MS Reinsurance CEO Robert Wiest told The Insurer, as he said the company remains focused on partnering with the right cedants.Last mont...Reuters
Tue, Jun 3
Brazil's industrial output falls short of expectations in April
SAO PAULO, June 3 (Reuters) - Industrial production in Brazil rose 0.1% in April from March, government statistics agency IBGE said on Tuesday, below the 0.3% increase estimated in a Reuters poll. April was the forth consecutive month of positive results to the Brazilian industry, despite pressures ...Reuters
Tue, Jun 3
Saudi Arabia expected to issue $12.6 billion in bonds until year-end, JPM says
DUBAI, June 3 (Reuters) - Saudi Arabia is expected to issue $12.6 billion in bonds for the remainder of the year, JPMorgan said on Tuesday, as the kingdom resorts to the debt markets amid huge investments to overhaul its economy and lower oil prices.The Gulf country, which forecasts a budget deficit...Reuters
Tue, Jun 3
Euro zone long-dated yields fall, inflation below ECB target
Japanese auction lifts sentimentMay EZ inflation comes in coolMarkets look ahead to Thursday's ECB meetingBy Lucy Raitano LONDON, June 3 (Reuters) - Long-dated euro zone government bond yields fell on Tuesday, as slowing euro zone inflation buoyed expectations for a European Central Bank rate...Reuters
Tue, Jun 3
GBP soft vs. USD but performing relatively well vs. G10 – Scotiabank
Pound Sterling (GBP) is soft, down a marginal 0.2% against the US Dollar (USD) and a relative performer among the G10 in an environment of mild, albeit broad-based USD strength, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Tue, Jun 3
EUR hits fresh one month high ahead of ECB Thursday – Scotiabank
Euro (EUR) is soft, down 0.3% against the US Dollar (USD) and a mid-performer among the G10 currencies, pulling back modestly from its overnight push to a fresh one month high, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Tue, Jun 3
Modi's soaring Indian aviation ambitions face many headwinds
IATA conference in New Delhi highlights India aviation potential Passenger traffic in India expected to triple over next 20 yearsChallenges include plane shortages, infrastructure, regulation By Abhijith Ganapavaram and Nandan Mandayam NEW DELHI, June 3 (Reuters) - Prime Minister Narendra Modi&#...Reuters
Tue, Jun 3
Chinese travel more during Dragon Boat holiday but spending lags
HONG KONG, June 3 (Reuters) - Chinese people travelled more over the three-day Dragon Boat holiday this year, but spending remained below pre-pandemic levels, government data showed on Tuesday - indicators that are closely watched as barometers of consumer confidence. Consumption in the world&#...Reuters
Tue, Jun 3
The US tariff spiral keeps turning for Aluminum and Steel – Commerzbank
US President Trump's announcement last Friday that US tariffs on Steel and Aluminum imports would be increased from 25% to 50% — with the higher tariffs being said to take effect tomorrow — initially caused further uncertainty on the base metal markets, with prices in the US rising sharply, CommerzbFxstreet
Tue, Jun 3
USD/CNH: Likely to trade in a range between 7.1800 and 7.2300 – UOB Group
US Dollar (USD) is likely to consolidate between 7.1920 and 7.2150. In the longer run, for now, USD is likely to trade in a range between 7.1800 and 7.2300, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Jun 3
POLL-US home prices to rise 3.5% this year but tariffs will hinder new construction
cpurl://apps.cp./cms/?pageId=house-poll poll dataBy Sarupya Ganguly BENGALURU, June 3 (Reuters) - U.S. home prices will rise steadily over coming years on an expected further decline in mortgage rates, according to property experts in a Reuters survey who expressed a near-unanimous view President...Reuters
Tue, Jun 3
Macron to visit Meloni after rivalry creates tension on Ukraine, trade
Macron, Meloni differences flared over Ukraine coalitionItaly, France tension on politics, diplomacy, businessLibya, Middle East could be issue for cooperationBy Michel Rose and Giselda Vagnoni PARIS/ROME, June 3 (Reuters) - French President Emmanuel Macron will visit Italian Prime Minister Giorg...Reuters
Tue, Jun 3
