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Canada December factory sales most likely up 0.6% -Statscan flash estimate
OTTAWA, Jan 24 (Reuters) - Canadian factory sales most likely rose 0.6% in December from November, largely driven by increases in the petroleum and coal product as well as food subsectors, Statistics Canada said in a flash estimate on Friday.The estimate was calculated based on a weighted response r...Reuters
Fri, Jan 24
More rate hikes likely coming in Brazil as inflation overshoots forecasts
Recasts throughoutSAO PAULO, Jan 24 (Reuters) - Brazil's annual inflation rate slowed less than expected in early January, official data showed on Friday, cementing the likelihood that the central bank will hike interest rates by 100 basis points at its meeting next week. Consumer prices as meas...Reuters
Fri, Jan 24
AmEx profit jumps on resilient credit card spending
Jan 24 (Reuters) - American Express AXP.N reported a 12% jump in fourth-quarter profit on Friday, as more consumers swiped cards during the holiday season for travel and online shopping.A strong holiday season against the backdrop of a falling rate environment helped AmEx sustain spending volumes.Am...Reuters
Fri, Jan 24
China 2024 fiscal revenue growth shrinks, non-tax income jumps
Adds detail BEIJING, Jan 24 (Reuters) - China's fiscal revenue in 2024 grew 1.3% from a year earlier, slowing sharply from a 6.4% rise in 2023, finance ministry data showed on Friday, as a protracted property market slump and slowing domestic demand weighs on the economy.Fiscal revenues in 20...Reuters
Fri, Jan 24
Fed to hold rates steady at an unsteady moment
Fed to hold rates steady amid broad uncertaintyData points to better inflation, continued growthFirst executive orders hit immigration, trade expected to followBy Howard Schneider WASHINGTON, Jan 24 (Reuters) - U.S. Federal Reserve policymakers meeting next week are expected to keep interest rate...Reuters
Fri, Jan 24
GRAPHIC-A Fed on hold, for now, eyes strong jobs, easing inflation
Fed expected to keep rates steady at January meetingInflation expected to turn in Fed's favor, jobs strongTrump policy a wild cardBy Howard Schneider WASHINGTON, Jan 24 (Reuters) - At their last meeting in December, U.S. Federal Reserve officials were worried about inflation getting stuck abo...Reuters
Fri, Jan 24
Trump trade back in vogue – Societe Generale
The equity and credit markets rallied and the US yield curve bear steepened after the first executive orders and the salvo of announcements by President Trump on trade tariffs, tax cuts and the desire for lower oil prices and interest rates.
Fxstreet
Fri, Jan 24
ECB rate cut next week is almost imminent – Societe Genrale
ECB President Lagarde reaffirmed the case for a rate cut next week. The ESTR curve is pricing in cuts next week and in March. Tensions appear to exist among the Council hawks, which could result in a more balanced than categorically dovish decision next week.Fxstreet
Fri, Jan 24
Euro zone businesses start year with modest return to growth, PMI shows
Adds comment paragraph 3, details in paragraphs 5-6, 9, 13-15, 17Germany's private sector stabilizes, France's services shrink furtherEuro zone manufacturing downturn eases, PMI jumps to 46.1 from 45.1ECB likely to cut rates amid political instability and trade war threatsBy Jonathan Cable ...Reuters
Fri, Jan 24
Euro zone government bond yields rise after PMI data
By Stefano Rebaudo Jan 24 (Reuters) - Euro zone government bond yields rose on Friday after Purchasing Managers Index data showed a modest return to economic growth in the bloc, leading investors to slightly cut bets on the European Central Bank easing cycle.France's services sector shrank fu...Reuters
Fri, Jan 24
China's 2024 local government land sales see 16% drop in revenue
BEIJING, Jan 24 (Reuters) - Revenue from land sales by China's local governments dropped 16% in 2024 compared with the previous year, finance ministry data showed on Friday.The decline was 22.4% in the period from January to November and 13.2% for the whole of 2023.Selling land use rights to pro...Reuters
Fri, Jan 24
German government cuts 2025 growth projection to 0.3%, Handelsblatt says
Adds details on previous forecasts by government and think tanksBy Ludwig Burger Jan 24 (Reuters) - The German government has slashed its growth projection for 2025 to 0.3% from 1.1%, the newspaper Handelsblatt cited government sources as saying on Friday, as the economy shows little sign of reco...Reuters
Fri, Jan 24
