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UPDATE 1-Brazil service sector undershoots forecasts in November as activity slows
Recasts SAO PAULO, Jan 15 (Reuters) - Services activity in Brazil fell more than expected in November, statistics agency IBGE said on Wednesday, the latest in a series of data indicating that the local economy might be cooling amid tight financial conditions.Service sector activity, the main engi...Reuters
Wed, Jan 15
INSTANT VIEW-Dec CPI rises a touch above expectations, keeps Fed on track
NEW YORK, Jan 15 (Reuters) - U.S. consumer prices increased slightly more than expected in November as energy costs rose, pointing to an inflation trend that lines up with the Federal Reserve's view for a slower path of rate cuts this year. The consumer price index rose 0.4% last month after climbin...Reuters
Wed, Jan 15
Traders bring back bets on two Fed rate cuts in 2025
Jan 15 (Reuters) - Traders of interest-rate futures on Wednesday were pricing close to even odds the Federal Reserve will cut interest rates twice by the end of this year, with the first reduction to come in June.Government data showed consumer prices rose 2.9% in the 12 months through December, in ...Reuters
Wed, Jan 15
TREASURIES-US yields drop after inflation data
NEW YORK, Jan 15 (Reuters) - U.S. Treasury yields fell on Wednesday after data showed headline inflation in the world's largest economy rose marginally above forecasts in December, while the core number came in as expected.U.S. 10-year yields extended their fall after the data and was last down 8.6 ...Reuters
Wed, Jan 15
UPDATE 1-US 30-year mortgage rate tops 7%, highest since May 2024
Adds graphicBy Ann Saphir Jan 15 (Reuters) - The interest rate for the most popular U.S. home loan rose last week to an eight-month high of 7.09%, extending an upward trend that's squeezing would-be homebuyers already facing rising house prices and limited supply.The average contract rate on a 30...Reuters
Wed, Jan 15
US 30-year mortgage rate tops 7%, highest since May 2024
Jan 15 (Reuters) - The interest rate for the most popular U.S. home loan rose last week to an eight-month high of 7.09%, extending an upward trend that's squeezing would-be homebuyers already facing rising house prices and limited supply.The average contract rate on a 30-year fixed-rate mortgage ros...Reuters
Wed, Jan 15
UPDATE 2-France lowers spending cut target
Government targets spending cuts of up to 32 bln eurosIt is also counting on raising tax income by 21 bln eurosPrevious government was ousted over more ambitious cutsRecasts throughout, adds details on spending cuts, tax, quote and background PARIS, Jan 15 (Reuters) - France's new government set ...Reuters
Wed, Jan 15
Euro area government bond yields dip before US inflation data
By Stefano Rebaudo Jan 15 (Reuters) - Euro area benchmark Bund yields edged lower on Wednesday, breaking a 10-day rising streak, as investors awaited U.S. consumer price inflation figures later in the session.Strong economic data and fears that U.S. President-elect Donald Trump's policies could b...Reuters
Wed, Jan 15
UPDATE 3-German economy contracts for second consecutive year in 2024
German GDP contracts 0.2% in 2024, exports fall 0.8% First back-to-back annual contraction since early 2000s Fall in full-year GDP in line with forecastFourth quarter's 0.1% fall suggests no upturn imminentAdds economists comments and GDP detailsBy Maria Martinez BERLIN, Jan 15 (Reuters) - German...Reuters
Wed, Jan 15
UPDATE 3-BOJ chief Ueda signals rate hike chance next week, yen jumps
Ueda echoes deputy's remark that BOJ will debate rate hike next weekBranch managers' talk on wage outlook positive, Ueda saysYen, bond yield jump as markets price in chance of January hikeBOJ meets for rate review Jan. 23-24, releases quarterly reportLast remaining hurdle is risk of Trump-induced ma...Reuters
Wed, Jan 15
