News
Important Only
REFILE-US manufacturing output falls in April on weak auto production
WASHINGTON, May 15 (Reuters) - U.S. manufacturing production fell more than expected in April amid a sharp decline in motor vehicle output, and the sector could struggle to regain its footing in the second quarter because of tariffs.Factory output dropped 0.4% last month after an upwardly revised 0....Reuters
Thu, May 15
Small, aspirational Albania hosts giant European summit
Summit focuses on Ukraine war, EU accession talksAlbania faces logistical challenges hosting summitEU accession hindered by Albania's reputation, political issuesBy Fatos Bytyci and Edward McAllister TIRANA, May 15 (Reuters) - European leaders descend on Albania on Friday for a meeting sure t...Reuters
Thu, May 15
US producer prices unexpectedly fall in April
WASHINGTON, May 15 (Reuters) - U.S. producer prices unexpectedly fell in April as the cost of services declined by the most since 2009, pulled down by ebbing demand for air travel and hotel accommodation.The producer price index for final demand dropped 0.5% last month after an upwardly revised unch...Reuters
Thu, May 15
Canadian home sales edge lower in April, prices fall
TORONTO, May 15 (Reuters) - Canadian home sales fell 0.1% in April from March and were down 9.8% on an annual basis, data from the Canadian Real Estate Association showed on Thursday.The industry group's Home Price Index declined 1.2% on the month and was down 3.6% annually, while the national a...Reuters
Thu, May 15
TREASURIES -Yields fall after weak producer prices, retail sales data
NEW YORK, May 15 (Reuters) - U.S. Treasury yields slid after data showed a drop in producer prices last month and a mixed report on retail sales, suggesting that the Federal Reserve was on track to cut interest rates at least twice this year.Benchmark 10-year yields fell to session lows of 4.493% US...Reuters
Thu, May 15
Brazil retail sales hit record high in March
SAO PAULO, May 15 (Reuters) - Retail sales in Brazil rose 0.8% in March from February, reaching the highest level since the series started in 2000, government statistics agency IBGE said on Thursday. The third positive result in a row came in slightly below the 1.0% increase expected in a Reuters po...Reuters
Thu, May 15
Chile central bank kept rate unchanged at 5% but considered a cut, minutes show
May 15 (Reuters) - Chile's central bank said on Thursday that despite the unanimous decision to keep the benchmark interest rate on hold at 5%, its board members had also evaluated at 25 basis points cut. Minutes of its most recent meeting showed that the board members deemed it necessary to hav...Reuters
Thu, May 15
India trade deficit in April at $26.42 billion
NEW DELHI, May 15 (Reuters) - India's merchandise trade deficit INTRD=ECI in April stood at $26.42 billion, according to a Reuters calculation based on export and import data released by the government on Thursday. Economists had expected the April trade deficit to be $20 billion, according to a...Reuters
Thu, May 15
US weekly jobless claims unchanged amid stable labor market
WASHINGTON, May 15 (Reuters) - The number of Americans filing new applications for unemployment benefits was unchanged last week, but job opportunities are becoming more scarce for those out of work as economic uncertainty from tariffs discourages businesses from boosting hiring. Initial claims for ...Reuters
Thu, May 15
Powell speech: Revisions to Fed communications are being considered
While delivering his prepared remarks on Framework Review at the Thomas Laubach Research Conference on Thursday, Federal Reserve (Fed) Chairman Jerome Powell said that officials agree the strategic language around both shortfalls of employment and average inflation need to be reconsidered.Fxstreet
Thu, May 15
US Retail Sales rise by 0.1% in April vs. 0% expected
Retail Sales in the United States (US) rose by 0.1% in April to $724.1 billion, the US Census Bureau announced on Thursday. This reading followed the 1.5% increase (revised from 1.4%) recorded in March and came in slightly better than the market expectation for a no change.Fxstreet
Thu, May 15
Fed's Powell: Strategy around both jobs and inflation needs to be reconsidered
Fed kicks off two-day framework reviewPowell says world has changed since 2020, framework must adaptPowell: Supply shocks may be more frequent in the futureBy Howard SchneiderWASHINGTON, May 15 (Reuters) - U.S. Federal Reserve officials feel they need to reconsider the key elements around both jobs ...Reuters
Thu, May 15
US retail sales barely rise in April
WASHINGTON, May 14 (Reuters) - U.S. retail sales growth slowed in April as the boost from households front-loading motor vehicle purchases ahead of tariffs faded and households pulled back on other spending against the backdrop of an uncertain economic outlook. Retail sales edged up 0.1% last mo...Reuters
Thu, May 15
