News
Important Only
China April bank lending tumbles more than expected amid trade war
BEIJING, May 14 (Reuters) - China's new bank loans tumbled more than expected in April as a protracted trade war with the United States further eroded the market's appetite during a typically slow month for loan demand.Reuters
Thu, May 15
Fed policymakers on hold to seek clarity from the data, but the data are not cooperating
WASHINGTON, May 14 (Reuters) - Federal Reserve policymakers are leaving interest rates where they are while they try to assess how U.S. President Donald Trump's sweeping tariffs and ongoing trade negotiations will affect prices and the economy.Reuters
Thu, May 15
Top Iranian official says Tehran is ready to sign a nuclear deal if sanctions lifted
A top adviser to Iran’s supreme leader, Ali Shamkhani, said late Wednesday that Iran is ready to sign a nuclear deal with certain conditions with US President Donald Trump in exchange for lifting economic sanctions, per NBC.Fxstreet
Thu, May 15
Foreign investment into Europe falls to nine-year low, EY survey shows
Germany sees 17% drop in FDI projects amid instabilityIntra-European capital flows increase by 5 percentage points since 2015Spain's FDI rises 15%, showing Southern Europe's growing competitivenessBERLIN, May 15 (Reuters) - Foreign direct investment into Europe fell for the second consecutiv...Reuters
Thu, May 15
Fed's Daly: US economy still solid, officials can be patient
Federal Reserve Bank of San Francisco President Mary Daly said late Wednesday that the strength of the US economy allows policymakers to be patient as they wait for more evidence of how the US President Donald Trump’s policies will affect businesses and households, per Bloomberg.Fxstreet
Wed, May 14
Point72's Cohen sees economic slowdown amid tariff confusion
By Carolina MandlNEW YORK, May 14 (Reuters) - Point72 Asset Management’s founder, Steven Cohen, said on Wednesday he believes the U.S. economy will very likely slow down because of tariff threats, but even so the Federal Reserve will not act immediately to cut interest rates.“We don't think the ...Reuters
Wed, May 14
Fed can be patient amid uncertainty, Daly says
May 14 (Reuters) - The U.S. economy and the labor market are solid, and inflation is declining, San Francisco Federal Reserve Bank President Mary Daly said on Wednesday, and with monetary policy moderately but not overly restrictive, the U.S. central bank can wait amid ongoing uncertainty to adjust ...Reuters
Wed, May 14
Trump administration scraps Biden-era plan to limit sale of Americans' personal data
May 14 (Reuters) - The U.S. Consumer Financial Protection Bureau is scrapping a proposal issued under former President Joe Biden that would have sharply limited the sale of Americans' private information by "data brokers," according to a Federal Register notice issued Wednesday.The agenc...Reuters
Wed, May 14
TREASURIES-US prices dip on budget bill worries
Republicans advance some parts of Trump packageFed's Jefferson says tariffs will lift inflationUS fed funds futures price in two cuts this yearUS 10-year yields hit six-week peakBy Tatiana Bautzer NEW YORK, May 14 (Reuters) - U.S. Treasury prices fell on Wednesday, pushing yields to multi...Reuters
Wed, May 14
Canada finance minister promises economic update without mentioning budget
OTTAWA, May 14 (Reuters) - Canadian Finance Minister Francois-Philippe Champagne on Wednesday said the new Liberal government will table an economic update later in the year, implying it will not present an annual budget in the near term. When pressed by reporters about the date for a full budget, C...Reuters
Wed, May 14
Cisco raises full-year revenue forecast
May 14 (Reuters) - Cisco Systems CSCO.O raised its annual revenue forecast on Wednesday, betting on steady demand from cloud customers for its networking equipment, driven by the artificial intelligence boom.The company expects its revenue to be between $56.5 billion and $56.7 billion for fiscal 202...Reuters
Wed, May 14
US yields surge as traders await data, Fed cuts priced out on tariffs uncertainty
US Treasury yields are climbing across the entire yield curve as market participants digest Tuesday’s US inflation data on the consumer side, with traders awaiting the release of the Producer Price Index (PPI) April figures and Retail Sales.Fxstreet
Wed, May 14
Trump meets Syrian president, urges him to establish ties with Israel
Trump urges Syria to normalise ties with IsraelTrump arrives in Qatari capital DohaQatar Airways to buy 160 Boeing planes No mention of offer to supply new Air Force OneBy Gram Slattery, Pesha Magid and Andrew Mills DOHA, May 14 (Reuters) - U.S. President Donald Trump met with Syria's pre...Reuters
Wed, May 14
PREVIEW-How Walmart handles Trump's tariffs could offer clues on retail health
By Ananya Mariam Rajesh May 14 (Reuters) - Results from Walmart WMT.N, a bellwether for the U.S. retail industry, will offer proof on Thursday why the Arkansas behemoth is best placed to navigate the uncertainty from the Trump administration's tariffs. Walmart is among a handful of large comp...Reuters
Wed, May 14
