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China's JD.com beats quarterly revenue estimates
May 13 (Reuters) - Chinese e-commerce retailer JD.com 9618.HK topped market estimates for quarterly revenue on Tuesday, in a sign of steady demand even as U.S. tariffs and prolonged economic weakness weighed on consumer sentiment. Consumer demand in China has faced a series of hurdles in recent year...Reuters
Tue, May 13
USD/JPY steadies as BoJ stays hawkish amid US tariff uncertainty, breakout above 148.50 eyed
The Japanese Yen (JPY) is holding steady near 148.00 against the US Dollar (USD) on Tuesday, pausing after a steep rise in the previous day. Despite the short pullback, the US Dollar remains resilient, supported by a temporary easing in US-China trade tensions.
Fxstreet
Tue, May 13
Brazil central bank debated whether inflation risks were now neutral
BRASILIA, May 13 (Reuters) - Brazil's central bank said on Tuesday that it discussed whether the balance of risks to inflation remained slightly asymmetric, albeit less so than in the previous meeting, or whether it could already be considered neutral.In the minutes of last week's decision, ...Reuters
Tue, May 13
COLUMN-Forget Trump. A UK deal with the EU is what matters: Klement
By Joachim Klement May 13 - The comprehensive trade deal announced by the U.S. and UK governments last week was a damp squib, but that shouldn’t worry Downing Street. The bigger prize is closer collaboration with the European Union, and that could accelerate after the UK-EU summit next week.The b...Reuters
Tue, May 13
USD/CNH can continue to weaken – UOB Group
US Dollar (USD) could continue to weaken vs Chinese Yuan (CNH); the major support at 7.1700 is likely out of reach for now. In the longer run, renewed downward momentum suggests 7.1700 is back in sight, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, May 13
Euro zone bond yields hit fresh one-month highs
German 10-year bond yields rise for 4th straight sessionEuro zone bond yields climb amid reduced ECB rate cut betsGerman investor morale improves, ZEW index shows New supply from euro zone, Germany, Italy, Netherlands, according to LSEG IFR By Medha Singh May 13 (Reuters) - A selloff in euro zone...Reuters
Tue, May 13
US court to weigh small business bid to block Trump tariffs
Five plaintiffs include wine importer, musical instrument maker'Minute-by-minute' changes hurt business planning, lawyer saysTrump imposed tariffs while declaring 'national emergency' By Dietrich Knauth NEW YORK, May 13 (Reuters) - Five American small businesses will ask a U.S. co...Reuters
Tue, May 13
US small business sentiment declines further in April
WASHINGTON, May 13 (Reuters) - U.S. small-business confidence fell for a fourth straight month in April, with the share of owners reporting job openings declining to the lowest level in more than four years, potentially hinting at a significant labor market slowdown.The National Federation of Indepe...Reuters
Tue, May 13
CNY: Still facing the threat of deflation – Commerzbank
The latest inflation figures were published in China over the weekend, reporting on price developments in April. Consumer prices rose by 0.1% month-on-month, but the annual price change remained negative for the third consecutive month at -0.1%.
Fxstreet
Tue, May 13
JPY: A sound investment – Commerzbank
Japan's current account surplus remained solid in March. At JPY 3.7 trillion, this was slightly lower than in February. However, when calculated over the last twelve months, a new all-time high of JPY 30.4 trillion was reached, Commerzbank's FX analyst Volkmar Baur notes.Fxstreet
Tue, May 13
BoE’s Pill: Should not assume MPR forecast is a direct endorsement of market interest rate curve
Bank of England (BoE) Chief Economist Huw Pill said at an event in the London School of Economics (LSE) on Tuesday that markets “should not assume that the latest Monetary Policy Report (MPR) forecast is a direct endorsement of market interest rate curve.”
Fxstreet
Tue, May 13
Chinese exporters to US tread warily as tariff uncertainties linger
US slashes tariffs on China for 90 days, sparking temporary relief among exportersChinese manufacturers explore overseas expansion, fearing instability after tariff pause endsTrade truce timing critical for US holiday orders, but future beyond 90 days uncertainBy Sophie Yu, David Kirton and Ellen Zh...Reuters
Tue, May 13
China's JD.com beats quarterly revenue estimates
May 13 (Reuters) - China's JD.com 9618.HK topped market estimates for quarterly revenue on Tuesday, in a sign the e-commerce giant saw steady demand even as U.S. tariffs and prolonged economic weakness weighed on consumer sentiment. The company reported total revenue of 301.08 billion yuan ($41...Reuters
Tue, May 13
