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UPDATE 2-China is not seeking a trade surplus, vice premier says
Ding highlights multilateralism and warns against protectionismChina's economy faces challenges from possible US tariff hikesSays China is willing to welcome and help foreign companies Adds details, background in paragraphs 6-17 DAVOS, Switzerland, Jan 21 (Reuters) - China is not seeking a trade ...Reuters
Tue, Jan 21
UPDATE 2-Germany should stay on green energy path despite Trump, minister says
Habeck describes US exit from Paris accord as 'fatal'Stresses energy self-reliance would cut import dependencyGrid operator wants permission to charge higher pricesAdds TenneT comments in paragraphs 8-10By Vera Eckert and Tom Käckenhoff BERLIN, Jan 21 (Reuters) - Sticking with growth plans for gr...Reuters
Tue, Jan 21
D.R. Horton beats Q1 estimates as low housing supply boosts new home demand
Jan 21 (Reuters) - D.R. Horton DHI.N beat Wall Street estimates for first-quarter revenue and profit on Tuesday as a persistent shortage of existing homes in the U.S. housing market helped boost new home sales despite higher mortgage rates.Shares of the construction company rose more than 5% in prem...Reuters
Tue, Jan 21
Mexican economy up 1.1% y/y in December, preliminary estimate shows
Jan 21 (Reuters) - Mexico's economy likely grew 1.1% in December compared with the same month a year earlier, a preliminary estimate from national statistics agency INEGI showed on Tuesday.Compared with the previous month, the economy likely grew by 0.4%, the agency said. (Reporting by Ricardo Figue...Reuters
Tue, Jan 21
South African growth outlook has improved but inflation risks abound, central bank says at Davos
Kganyago says economy could grow close to 2% this yearSays coalition has given added impetus to reform agendaInflation risks include Trump's policies, rand, oilBy Divya Chowdhury DAVOS, Switzerland, Jan 21 (Reuters) - South Africa's economic outlook is better this year than last, but the inflatio...Reuters
Tue, Jan 21
UPDATE 1-China does not pursue a trade surplus, willing to balance trade, vice premier says
Recasts to add details, background DAVOS, Switzerland, Jan 21 (Reuters) - China does not pursue a trade surplus and is willing to import more competitive and high-quality products and services to balance trade, Ding Xuexiang, the country's vice premier, said on Tuesday.Addressing the 55th annual ...Reuters
Tue, Jan 21
TREASURIES-US yields dip as Trump keeps markets on edge on tariffs
US 10-year, 2-year yields slip but tariff threat lingersMarkets price in 40 bps of Fed easing in 2025Trump says he may impose tariffs on Canada, Mexico next monthUpdates in European midday tradingBy Ankur Banerjee SINGAPORE, Jan 21 (Reuters) - U.S. Treasury yields fell to two-week lows on Tuesday...Reuters
Tue, Jan 21
After two years of smooth sailing, Fed ready to navigate rocky bond market, Trump uncertainty
Fed faces challenges from bond market, Trump policiesRise in bond yields impacting borrowing costsFed officials emphasize cautious approach amid policy uncertaintiesBy Howard Schneider WASHINGTON, Jan 21 (Reuters) - After two years of progress on inflation and surprisingly persistent economic gro...Reuters
Tue, Jan 21
UPDATE 2-German investor morale falls more than expected in January, survey finds
Adds details in paragraphs 4 to 9By Maria Martinez BERLIN, Jan 21 (Reuters) - German investor morale fell more than expected in January, the ZEW economic research institute said on Tuesday, after the German economy contracted for the second consecutive year.The institute's economic sentiment inde...Reuters
Tue, Jan 21
Uniper CEO: German power plant strategy remains top priority
BERLIN, Jan 21 (Reuters) - A much-delayed scheme to construct gas-to-power plants that the former German government failed to push through remains top priority to create power system security, the head of nationalised utility Uniper UN0k.DE said on Tuesday."We believe the power plant strategy to bui...Reuters
Tue, Jan 21
Euro area government bonds show cautious reaction to Trump announcements
By Stefano Rebaudo Jan 21 (Reuters) - Euro zone government bonds were mixed on Tuesday, showing a relatively muted reaction to U.S. President Donald Trump's announcement that he wouldn't immediately impose new tariffs, which left investors in a wait-and-see mode about U.S. policies.Markets had be...Reuters
Tue, Jan 21
UPDATE 1-German exporters expect 2.7% drop in sales in 'bleak' 2025, trade body says
Adds details and comments from the press conference in paragraphs 3-6, 8 and 15By Maria Martinez BERLIN, Jan 21 (Reuters) - About 80% of German businesses who trade overseas expect a further decline in sales this year, Germany's BGA trade association said on Tuesday, forecasting a 2.7% decline in...Reuters
Tue, Jan 21
USD/CNH: Major support at 7.2420 is likely out of reach – UOB Group
Further US Dollar (USD) weakness is not ruled out; the major support at 7.2420 is likely out of reach for now. In the longer run, decline in USD seems excessive, but there is potential for a test of 7.2420, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
Fxstreet
Tue, Jan 21
Ukraine's bonds rally in first trading after Trump inauguration
LONDON, Jan 21 (Reuters) - Ukraine's government bonds rallied around 1 cent and its GDP warrant gained 1.5 cents in the first trading after U.S. President's Donald Trump's inauguration. Tradeweb data showed Ukraine's 2029-maturing bond gained more than 1 cent on Tuesday to be bid at 69.32 cents on t...Reuters
Tue, Jan 21
