News
Important Only
Philips CEO sees subdued China sales this year
By Patrick Wingrove and Michael Erman SAN FRANCISCO, Jan 13 (Reuters) - Philips PHG.AS CEO Roy Jakobs said he still expects subdued demand in China this year due to healthcare anti-corruption efforts by the Chinese government that has hurt revenue there for Western companies.Jakobs in a Sunday i...Reuters
Mon, Jan 13
ECB's Villeroy: French economic growth could pick up in 2026, 2027
PARIS, Jan 13 (Reuters) - France's economic growth slumped last year but there is no risk of recession and there could be a pick-up in 2026 and 2027, Bank of France Governor Francois Villeroy de Galhau said on Monday.Earlier the central bank published its monthly outlook showing France's economy lik...Reuters
Mon, Jan 13
CORRECTED-EM bond sales top $50 bln in cash dash to beat Trump - and Fed - surprises
Adds attribution, removes erroneous reference to individual issuers in paragraph 16Some $30 bln more issuance ahead of inauguration - JPMEuro-denominated issuance back in vogueFed rate plan fears add fire to issuanceCOVID-era repayments add to funding needs By Libby George and Karin Strohecker LO...Reuters
Mon, Jan 13
Mexico's Sheinbaum lays out roadmap to make country an economic powerhouse
MEXICO CITY, Jan 13 (Reuters) - Mexican President Claudia Sheinbaum on Monday presented her administration's so-called "Plan Mexico," in which she said the government would work to put the Latin American nation in the world's top 10 economies by the end of her term.Sheinbaum, who will leave office i...Reuters
Mon, Jan 13
UPDATE 1-New York Fed survey finds mixed inflation expectations in December
Adds chartBy Michael S. Derby NEW YORK, Jan 13 (Reuters) - U.S. consumers' outlook on the expected path of inflation was mixed in December amid rising worries about households' ability to make debt payments, a survey by the New York Federal Reserve showed on Monday.The regional Fed bank said ...Reuters
Mon, Jan 13
Euro zone bond yields hit multi-month highs, spreads widen
Adds data and background on yield spreadsBy Harry Robertson and Stefano Rebaudo LONDON, Jan 13 (Reuters) - Euro zone bond yields rose again on Monday to new multi-month highs as strong U.S. jobs data from Friday, a rise in oil prices, and another busy week of government debt issuance continued to...Reuters
Mon, Jan 13
New York Fed survey finds mixed inflation expectations in December
By Michael S. Derby NEW YORK, Jan 13 (Reuters) - U.S. consumers' outlook on the expected path of inflation was mixed in December amid rising worries about households' ability to make debt payments, a survey by the New York Federal Reserve showed on Monday. The regional Fed bank said in its la...Reuters
Mon, Jan 13
TREASURIES-US 10-year yield hits highest since November 2023
US two-year yield hits highest since July 2024US 2/10 yield curve steepens, hits widest gap since May 2022US rate futures price in just 27 bps of cuts in 2025Market now looks to US inflation, retail sales dataBy Gertrude Chavez-DreyfussNEW YORK, Jan 13 (Reuters) - U.S. Treasury 10-year yields surged...Reuters
Mon, Jan 13
UPDATE 7-Lululemon, American Eagle log strong sales in discount-heavy holiday season
Abercrombie & Fitch shares down 18% on margin pressureLululemon benefits from full-price demand for fresh stylesMacy's struggles, while Nordstrom flags strong holiday demandUpdates shares throughoutBy Juveria Tabassum and Ananya Mariam Rajesh Jan 13 (Reuters) - Several apparel retailers including...Reuters
Mon, Jan 13
China vows to safeguard rights in response to US export control on AI tech
BEIJING, Jan 13 (Reuters) - China will take "necessary measures" to safeguard its legitimate rights and interests, the country's commerce ministry said on Monday, in response to the Biden administration's export control measures for artificial intelligence-related technology.The U.S. government said...Reuters
Mon, Jan 13
FACTBOX-Brokerages scale back predictions for 2025 Fed cuts after payrolls data
Updates with Fed rate cut forecasts from Barclays, UBS, Citigroup, Macquarie, Berenberg, ING, Wells Fargo and Scotiabank Jan 13 (Reuters) - Several major brokerages have tempered their predictions for how much the Federal Reserve will lower interest rates in 2025, if at all, after a surprisingly ...Reuters
Mon, Jan 13
Indonesia to propose free trade agreement with US, senior minister says
JAKARTA, Jan 13 (Reuters) - Indonesia plans to propose a free trade agreement with the United States in order to earn a reduction in any tariffs imposed by President-elect Donald Trump, its chief economic minister Airlangga Hartarto was quoted on Monday as saying by state news agency Antara.The agen...Reuters
Mon, Jan 13
Euro zone bond yields hit multi-month highs after US jobs data
Updates in late morning European tradingBy Harry Robertson LONDON, Jan 13 (Reuters) - Euro zone bond yields rose again on Monday to new multi-month highs as strong U.S. jobs data from Friday, a rise in oil prices, and another busy week of government debt issuance continued to put pressure on glob...Reuters
Mon, Jan 13
Robust US economy may not need Trump's big reforms
Trump inherits strong economy with low unemploymentConcerns over inflation, deficits may limit Trump's policy optionsExperts warn Trump's policies could disrupt economic stabilityBy Howard Schneider WASHINGTON, Jan 13 (Reuters) - U.S. President-elect Donald Trump campaigned on promises of aggress...Reuters
Mon, Jan 13
PREVIEW-US bank profits likely boosted by higher deal fees, trading
Investment banking and trading revenues surge in Q4Steeper yield curve boosts banks' interest incomeAnalysts expect modest net interest income growth and reduced reservesBy Saeed Azhar NEW YORK, Jan 13 (Reuters) - U.S. banks will probably report stronger earnings this week, fueled by robust dealm...Reuters
Mon, Jan 13
Greek EU-harmonised inflation eases to 2.9% y/y in December
Jan 13 (Reuters) - Greece's annual EU-harmonised inflation slowed to 2.9% in December from 3.0% in November, data showed on Monday.Month-on-month consumer inflation rose 0.1%The cost of food and non-alcoholic beverages fell 0.5% year-on-year in December, with prices of hotels, cafes and restaurants ...Reuters
Mon, Jan 13
US futures price out even one 2025 rate cut
LONDON, Jan 13 (Reuters) - U.S. interest rate futures on Monday were no longer fully pricing in even one rate cut this year from the Federal Reserve, after bumper monthly jobs data on Friday underscored the resilience of the world's largest economy. Futures showed traders were pricing in just...Reuters
Mon, Jan 13
