News
Important Only
India's TCS expects retail, manufacturing revival after banking recovery
TCS expects rebound in retail, manufacturing after banking recovery Stock surged on Friday after CEO's positive signal on demand CFO allays concerns about insourcing threatBy Sai Ishwarbharath B and Haripriya Suresh BENGALURU/MUMBAI, Jan 12 (Reuters) - India's Tata Consultancy Services TCS.NS exp...Reuters
Sun, Jan 12
UPDATE 2-IMF chief sees steady world growth in 2025, continuing disinflation
IMF sees US growth stronger than expected IMF chief sees US trade uncertainty adding to headwindsGeorgieva highlights US economic performance amid trade policy uncertaintyDivergent regional trends with EU, India, Brazil, and China facing challengesAdds IMF forecast from OctoberBy Andrea Shalal WA...Reuters
Sat, Jan 11
IMF chief sees steady world growth in 2025, continuing disinflation
WASHINGTON, Jan 10 (Reuters) - The International Monetary Fund will forecast steady global growth and continuing disinflation when it releases its World Economic Outlook on Jan. 17, IMF Managing Director Kristalina Georgieva told reporters on Friday.Georgieva said the U.S. economy was doing "quite a...Reuters
Fri, Jan 10
TREASURIES-Strong jobs report pushes 10-year yields to 14-month highs
Updated with New York afternoon tradingBy Karen Brettell Jan 10 (Reuters) - Longer-dated U.S. Treasury yields jumped to their highest levels since November 2023 on Friday after data showed employers added 256,000 jobs in December, far surpassing economists’ expectations, while the unemployment ra...Reuters
Fri, Jan 10
What to Watch in the Day Ahead on Monday, January 13
The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US. Thomson One users can register at RT/DAY/US. All times in ET/GMTON MONDAYThe U.S. Treasury Department is schedule...Reuters
Fri, Jan 10
US consumer inflation expectations soar in January on tariff fears
One-year, long-term inflation expectations jump in JanuaryConsumer sentiment softens at the start of the year WASHINGTON, Jan 10 (Reuters) - U.S. consumers expect inflation to increase over the next 12 months and beyond, likely reflecting concerns that broad tariffs on imports pledged by Presiden...Reuters
Fri, Jan 10
UPDATE 3-Mexico will find a way to avoid US tariffs, minister says
Adds background, comments on Chinese investments, UAE, paragraphs 6 and 8-10By Kylie Madry MEXICO CITY, Jan 10 (Reuters) - Mexico is going to find a solution to avoid the imposing of tariffs by the United States, Economy Minister Marcelo Ebrard said on Friday, following threats from U.S. Presiden...Reuters
Fri, Jan 10
WRAPUP 4-US labor market exits 2024 with strong job gains, drop in unemployment rate
Adds details from report, analyst comments throughoutNonfarm payrolls increase 256,000 in DecemberUnemployment rate drops to 4.1% from 4.2%Fewer permanent job losers; duration of unemployment fallsAverage hourly earnings rise 0.3%; up 3.9% year-on-year By Lucia Mutikani WASHINGTON, Jan 10 (Reuter...Reuters
Fri, Jan 10
FACTBOX-Brokerages scale back predictions for 2025 Fed cuts after payrolls data
Adds changes after payrolls report Jan 10 (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 strong U.S. employment report on Friday pointed to resilient economic growth. At leas...Reuters
Fri, Jan 10
Wall Street 'fear gauge' at 3-week high as stocks sink
VIX index tops 20, highest level since Dec. 20VIX options trading picks up pace as investors play defensePressure on equities comes amid high valuations By Saqib Iqbal Ahmed NEW YORK, Jan 10 (Reuters) - Wall Street's most watched gauge of investor anxiety rose to a three-week high on Friday as st...Reuters
Fri, Jan 10
UPDATE 3-Strong US job growth raises doubts about further Fed rate cuts
Adds unemployment data, background in paragraphs 12, 14, 19Job growth exceeds expectations, unemployment rate falls to 4.1%US central bank faces dilemma with strong job market, sticky inflationSome Fed officials suggesting rate cuts may be near an endBy Ann Saphir, Howard Schneider Jan 10 (Reuter...Reuters
Fri, Jan 10
UPDATE 1-BofA bets on a potential Fed rate hike after jobs report, top Wall-St brokers revise forecasts
Updates throughout with forecasts from BofA Global Research, Goldman Sachs, Morgan Stanley, Wells Fargo and INGBy Siddarth S Jan 10 (Reuters) - Top Wall-Street brokerages revised their Fed rate cut forecasts, after a blow-out U.S. jobs report on Friday, with BofA Global Research forec...Reuters
Fri, Jan 10
Euro zone yields spike to multi-month highs after strong US jobs data
Updates in late European trading Jan 10 (Reuters) - Euro zone government bond yields spiked to new multi-month highs on Friday after data showed the U.S. economy added far more jobs than expected in December, casting further doubt on the number of Federal Reserve rate cuts this year.Bond yields a...Reuters
Fri, Jan 10
Fed's Goolsbee: No sign economy is overheating despite strong jobs numbers
WASHINGTON, Jan 10 (Reuters) - There is no evidence the U.S. economy is overheating again despite a blowout December jobs report, Chicago Fed president Austan Goolsbee said Friday, adding he still expects it will be appropriate to lower interest rates further."Is there evidence of overheating of the...Reuters
Fri, Jan 10
Fed's Goolsbee: Rates should go down if conditions are stable and there is no uptick in inflation
In an interview with CNBC on Friday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said if conditions are stable and there is no uptick in inflation, with full employment, rates should go down, per Reuters.Fxstreet
Fri, Jan 10
TREASURIES-US yields jump as jobs gains beat expectations
Updated in New York morning timeBy Karen Brettell Jan 10 (Reuters) - Longer-dated U.S. Treasury yields jumped to their highest levels since November 2023 on Friday after data showed employers added 256,000 jobs in December, far surpassing economists’ expectations, while the unemployment rate fell...Reuters
Fri, Jan 10
CORRECTED-TREASURIES-US yields jump as jobs gains beat expectations
Adds dropped words in sixth paragraphBy Karen Brettell Jan 10 (Reuters) - Longer-dated U.S. Treasury yields jumped to their highest levels since November 2023 on Friday after data showed employers added 256,000 jobs in December, far surpassing economists’ expectations, while the unemployment rate...Reuters
Fri, Jan 10
UK gilt selloff triggers pension cash calls in first big test since 2022 crisis
Yield on 30-year UK government bonds hit 26-year high on Friday Some UK pension funds told to come up with more cash for hedgingUK pensions market faces first big test since 2022 'mini-budget'BlackRock note says market moves to hit collateral resilienceBy Carolyn Cohn and Iain Withers LONDON, Jan...Reuters
Fri, Jan 10
Big upside in December U.S. payrolls cements a Fed hold this month – RBC Economics
U.S. labor market data continue to show strength towards the end of last year, in line with job openings data that turned around to rise consecutively in October and November, RBC Economics’ economists note.Fxstreet
Fri, Jan 10
