News
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Canada's August trade deficit widens more than forecast as exports drop
By Promit MukherjeeOTTAWA, Oct 7 (Reuters) - Canada's merchandise trade deficit widened in August to C$6.32 billion ($4.53 billion) as exports fell faster in both value and volume than the rise in imports on a monthly basis, official government statistics showed on Tuesday.The trade deficit in A...Reuters
Tue, Oct 7
Carlyle releases shadow labor report showing subdued US hiring in September
Oct 7 (Reuters) - Carlyle Group CG.O released a set of U.S. economic data on Tuesday, including a sharply lower estimate for September jobs growth, underscoring efforts by private firms to provide insights as the government shutdown stalls official statistics.The global investment firm estimated tha...Reuters
Tue, Oct 7
Palladium to reach $1,350 by the end of 2026 – Commerzbank
Palladium has also seen a considerable price increase of 44% since the beginning of the year – just yesterday, the price jumped up again. However, it is still lagging behind the other three major precious metals, Commerzbank's commodity analyst Barbara Lambrecht notes.Fxstreet
Tue, Oct 7
USD/CNH: Expected to trade in a range between 7.1340 and 7.1480 – UOB Group
US Dollar (USD) is expected to trade in a range between 7.1340 and 7.1480. In the longer run, upward momentum is starting to build; for a continued advance, USD must first break clearly above 7.1480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Oct 7
Morale among small German firms shifts positive for first time since 2022
BERLIN, Oct 7 (Reuters) - Sentiment among small- and medium-sized German businesses nudged into positive territory for the first time since 2022, as slightly more firms showed optimism, a survey found on Tuesday.An index measuring the morale of roughly 1,200 "Mittelstand" companies that form...Reuters
Tue, Oct 7
Austria's economy to slightly grow in 2025, institutes forecast
Oct 7 (Reuters) - Austria's economy is expected to slightly grow in 2025, helped by private consumption, before picking up in 2026, two leading economic institutes said on Tuesday.The WIFO institute expects gross domestic product (GDP) to grow by 0.3% in 2025 and 1.1% in 2026.Similarly, the IHS ...Reuters
Tue, Oct 7
Germany's industrial orders unexpectedly slip for 4th straight month
FRANKFURT, Oct 7 (Reuters) - German industrial orders fell for a fourth straight month in August, dragged lower mainly by a weak car industry and a decline in overseas demand, the federal statistics office said on Tuesday.The office reported that incoming orders in the manufacturing sector were down...Reuters
Tue, Oct 7
