News
Important Only
US manufacturing rebounds in January; inputs prices paid measure surges
January manufacturing sector PMI rises to highest since Sept 2022PMI was above 50-mark, showing growth in the sector, for first time since October 2022 Prices paid index at 8-month high, seen rising further on tariffs WASHINGTON, Feb 3 (Reuters) - U.S. manufacturing grew for the first time in more t...Reuters
Mon, Feb 3
New Belgian PM wants to cool EU 'regulatory fervour', defend Europe within NATO
New Belgian PM says Europe cannot defend itself aloneDe Wever says EU defence needs to be part of NATOConservative nationalist wants less EU regulation 'Who are you?' some others said at EU leaders meetingAdds De Wever comments, finance and foreign minister postsBy Bart H. Meijer and Geert D...Reuters
Mon, Feb 3
WRAPUP 6-Markets tumble over Trump tariffs, world leaders brace for his next moves
Adds US stocks at open, paragraph 3, open currency moves in paragraph 22, Trump's phone call with Canada's Trudeau paragraphs 14-15US faces retaliation from Canada and MexicoExperts warn of inflation, slower economic growthTrump says tariffs will 'definitely happen' with EUStock mark...Reuters
Mon, Feb 3
FACTBOX-Brokerages stick to slower pace of Fed rate cut forecasts after inflation report
Updates throughout Feb 3 (Reuters) - Most brokerages continue to expect a slower pace of interest rate cuts from the U.S. Federal Reserve in 2025 after personal consumption expenditures (PCE) data came in-line with market expectations.Meanwhile, U.S. President-elect Trump imposed tariffs on Mexic...Reuters
Mon, Feb 3
Canadian factory PMI dips in January as trade war risk dents confidence
By Fergal Smith TORONTO, Feb 3 (Reuters) - Canadian manufacturing activity increased at a slower pace in January as looming U.S. trade tariffs reduced confidence in the outlook, even as moves by clients to get ahead of the taxes led to the first increase in export orders in 17 months.The S&P ...Reuters
Mon, Feb 3
China: CPI inflation likely picked up seasonally – Standard Chartered
China’s official manufacturing PMI dropped to 49.1 in January from 50.1 in February, entering contractionary territory again since October. The official survey suggests a broad-based m/m decline in demand and production activity.Fxstreet
Mon, Feb 3
Canada expected to divert aluminium to Europe after US tariffs
By Pratima DesaiLONDON, Feb 3 (Reuters) - The cost of aluminium for consumers in Europe buying on the physical market has dropped due to expectations that Canadian shipments under U.S. tariffs from Tuesday will be diverted, physical market traders said.U.S. President Donald Trump has imposed 25% tar...Reuters
Mon, Feb 3
CORRECTED-WRAPUP 5-Markets tumble over Trump tariffs, world leaders brace for his next moves
Corrects Trump's location when delivering remarks in paragraph 4. He spoke in Washington after returning from Mar-a-Lago, not in Mar-a-Lago.US faces retaliation from Canada and MexicoExperts warn of inflation, slower economic growthTrump says tariffs will 'definitely happen' with EUStock...Reuters
Mon, Feb 3
Canada, Mexico could slip into recession if Trump tariffs prolong, say brokerages
By Siddarth S Feb 3 (Reuters) - Major brokerages including J.P.Morgan warned that the economies of Canada and Mexico could enter a recession if U.S. President Donald Trump's new trade tariffs against them were sustained, pressuring their currencies as well as domestic inflation. Trump ordered...Reuters
Mon, Feb 3
USD/CNH: Strong opening gap in USD suggests further advance – UOB Group
US Dollar (USD) could rise further; overbought conditions suggest 7.4000 is unlikely to come into view. In the longer run, strong opening gap in USD suggests further advance; expect 7.4000 to provide resistance, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Mon, Feb 3
USD surge over the weekend moderates in early trade – Scotiabank
The first real shots of a global trade war were fired at the weekend, with President Trump levying 25% tariffs on Canada and Mexico, an additional 10% on Chinese goods and telling Europe that tariffs are 'absolutely' coming.Fxstreet
Mon, Feb 3
Morning News Call - Canada, February 3
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageECONOMIC EVENTS0930 S&P Glo...Reuters
Mon, Feb 3
