News
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Fed's Kashkari: US economy entered the year strong, but lots of uncertainty now
According to Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari, although the year saw a strong start for the US economy, ongoing uncertainty at the hands of the Trump administration's trade policies has put a significant dent in investor sentiment, creating turbulence in markets andFxstreet
Mon, May 19
Nigeria's Renaissance reports oil spill from illegal pipeline connection
By Tife Owolabi YENAGOA, May 19 (Reuters) - Nigeria's Renaissance Africa Energy Co. Ltd has confirmed an illegal connection on its Okordia-Rumuekpe pipeline at Oshika community in Nigeria's coastal Rivers state caused a spill, the independent oil producer said on Monday.The company was im...Reuters
Mon, May 19
US insurance composite rebounded 1.4% as Wall Street surged on US-China temporary trade deal
By Carlos PallordetMay 19 - The North American insurance composite, compiled by investment banks Stonybrook Capital and Weild & Co., increased 1.4% last week as all broad market indices surged, which reversed a 1.3% loss in the previous week.The S&P 500 rose 5.3%, its highest weekly record s...Reuters
Mon, May 19
LIVE MARKETS-Leading economic index posts biggest monthly drop in over two years
Major stock indexes red, but off lows; Nasdaq off ~0.6%%Healthcare leads S&P sector gains, energy weakestEuro STOXX 600 flatDollar down, bitcoin edges up; gold up ~1%, crude little changedUS 10-Year Treasury yield rises to ~4.48%Welcome to the home for real-time coverage of markets brought to yo...Reuters
Mon, May 19
Fed's Williams says he has not seen any big move out of US assets, monetary policy in good place
By Michael S. DerbyNEW YORK, May 19 (Reuters) - New York Federal Reserve President John Williams acknowledged on Monday that investors are taking a look at how they invest in U.S. assets while noting he's seen no large-scale move away from the nation, adding that the U.S. central bank can take i...Reuters
Mon, May 19
Scope Ratings Says US Public Debt Trajectory And Interest Payments Set To Worsen And Exceed Sovereign Peers
May 19 (Reuters) - SCOPE RATINGS:SCOPE RATINGS: US PUBLIC DEBT TRAJECTORY AND INTEREST PAYMENTS SET TO WORSEN AND EXCEED SOVEREIGN PEERSSCOPE: TRUMP’S PROPOSED REDUCTIONS IN DISCRETIONARY FUNDING FOR 2026, HIGHER EXPECTED REVENUE FROM TARIFFS, UNLIKELY TO SIGNIFICANTLY LOWER BUDGET DEFICITSCOPE: EXP...Reuters
Mon, May 19
Mexico central bank will maintain restrictive monetary policy, governor says
MEXICO CITY, May 19 (Reuters) - Mexican central bank governor Victoria Rodriguez expects monetary policy to remain restrictive but sees room to further lower the benchmark interest rate, she said on an interview published by local newspaper El Financiero on Monday.Reuters
Mon, May 19
Fed's Jefferson: Moody's downgrade will be treated as any other data in setting policy
AMELIA ISLAND, May 19 (Reuters) - Federal Reserve policymakers will treat the Moody's downgrade to the U.S. credit rating as any other data in setting monetary policy, Fed vice chair Philip Jefferson said on Monday."We will put that downgrade in the same perspective that we do with all incom...Reuters
Mon, May 19
Euro area: Rome wasn’t built in a day – Standard Chartered
Q1 outperformance tells little about the remainder of 2025; growth momentum is likely to weaken. Growth forecast of 0.8% this year remains unchanged, but near-term recession risks are high. The 2026 growth has been revised down to 1.0% (1.2%) owing to the lingering effects of trade uncertainty.Fxstreet
Mon, May 19
JPMorgan's Lake Says Credit Costs Remain In Line With Expectations - Investor Day
May 19 (Reuters) - JPMorgan Chase JPM.N:JPMORGAN'S CONSUMER AND COMMUNITY BANKING CEO MARIANNE LAKE SAYS CREDIT COSTS REMAIN IN LINE WITH OUR EXPECTATION FOR 2025 - INVESTOR DAYJPMORGAN'S LAKE SAYS CONSUMERS AND SMALL BUSINESSES REMAIN RESILIENTJPMORGAN'S LAKE SAYS CONSUMER CONFIDENCE AN...Reuters
Mon, May 19
Burger King's India operator posts smaller loss as cheaper menus draw more diners
May 19 (Reuters) - Restaurant Brands Asia RESR.NS, the India franchisee of Burger King, reported a narrower fourth-quarter loss on Monday, as its affordable menu appealed to cost-conscious customers.The company reported a net loss of 562.8 million rupees ($6.6 million) for the three months ended Mar...Reuters
Mon, May 19
Fed's Jefferson: Will keep policy in a place to be sure inflation expectations remain anchored
Federal Reserve (Fed) Vice Chairman Philip Jefferson said on Monday that there are risks to both jobs and inflation and added that it is appropriate to wait and see on rate decisions, given the the uncertainty, per Reuters.Fxstreet
Mon, May 19
Mexico's economy up 0.7% y/y in April, preliminary estimate shows
May 19 (Reuters) - Mexico's economy likely grew 0.7% in April from the same month a year earlier, a preliminary estimate from national statistics agency INEGI showed on Monday.Compared with the previous month, activity was likely unchanged, the agency said.Reuters
Mon, May 19
Fed's Bostic: Leaning towards one cut this year with more concern about inflation than jobs - CNBC
AMELIA ISLAND, May 19 (Reuters) - Atlanta Fed president Raphael Bostic said on Monday the central bank may only be able to cut interest rates by a quarter point over the rest of the year given concerns about rising inflation stoked by higher import taxes.Progress in returning inflation to the Fed...Reuters
Mon, May 19
Fed's Bostic: Inflation not moving to target as fast as anticipated
In an interview with CNBC on Monday, Atlanta Federal Reserve (Fed) President Raphael Bostic said that inflation is not moving to target as fast as anticipated and reiterated that he leans toward only one rate cut this year because it will take time to understand the impact of tariffs, per Reuters.Fxstreet
Mon, May 19
China: April activity overshadowed by tariff war – Standard Chartered
Activity data points to softening momentum from Q1, but industrial production has held up. Frontloaded exports and macro policy implementation to continue to support growth in Q2. Property market remains the key drag for the domestic economy.Fxstreet
Mon, May 19
FXS Fed Sentiment Index stays in hawkish territory as markets await fresh comments
The Federal Reserve (Fed) left the interest rate unchanged at 4.25%–4.50% following the May policy meeting, as widely anticipated. In the policy statement, the Fed noted that the economic outlook uncertainty has increased further.Fxstreet
Mon, May 19
