News
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CAD slips on tariff headline – Scotiabank
The Canadian Dollar (CAD) was little changed against the generally stronger USD overnight—which is no mean feat considering the amount of attention Canada is getting from the US president-elect, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Fxstreet
Wed, Jan 8
US private payrolls growth slows in December
WASHINGTON, Jan 8 (Reuters) - U.S. private payrolls growth slowed sharply in December, the ADP National Employment Report showed on Wednesday.Private payrolls rose by 122,000 jobs last month after increasing by an unrevised 146,000 in November. Economists polled by Reuters had forecast private emplo...Reuters
Wed, Jan 8
Fed's Waller: More cuts likely though timing depends on inflation progress
WASHINGTON, Jan 8 (Reuters) - Inflation should continue falling in 2025 and allow the U.S. Federal Reserve to further reduce interest rates, though at an uncertain pace, Federal Reserve governor Christopher Waller said on Wednesday.
WRAPUP 1-Euro zone economy ended 2024 on downbeat note amid trade fears
Combines EU sentiment indicator, German industrial orders, ECB projection on savingKey sentiment indicator fell more than expected in DecemberGerman industrial orders and retail sales decline unexpectedlyHouseholds saving more, impacting private consumption recoveryBy Balazs Koranyi FRANKFURT, Ja...Reuters
Wed, Jan 8
US President-elect Trump considering economic emergency declaration to allow for new tariff program – CNN
US President-elect Donald Trump is considering declaring a national economic emergency to allow for a new tariff program, CNN reported, citing four sources familiar with the matter on Wednesday.Fxstreet
Wed, Jan 8
U.S. Bond Sell-off Storm Intensifies, Wall Street Bets on 10-year Yield above 5%
TradingKey - With less than two weeks to go before Trump officially returns to the White House, the risks of reflation and the Federal Reserve's reduction in the number of interest rate cuts once again loomed over the capital markets. U.S. Treasury bonds and stocks were severely hit.
Fed minutes may begin to show the hurdle to further rate cuts
Minutes of Dec. 17-18 meeting to be released at 2 p.m. ESTFed officials have said they would be cautious in cutting furtherUncertainty around Trump policies may be reflected in more detailMinutes could hold clues about balance sheet plansBy Howard Schneider WASHINGTON, Jan 8 (Reuters) - Federal R...Reuters
Wed, Jan 8
Germany's front-runner for chancellor won't commit to new NATO spending target
BERLIN, Jan 8 (Reuters) - German opposition leader Friedrich Merz, tipped to become chancellor in next month's election, said Germany would spend more on defence but would not commit to a NATO defence spending target as called for by U.S. President-elect Donald Trump."We first really have to reach t...Reuters
Wed, Jan 8
UPDATE 1-German real estate deals edge up in 2024, 2025 still seen muted
Updates with new graphic, no change to textBy Tom SimsFRANKFURT, Jan 8 (Reuters) - A key indicator of the health of Germany's property sector improved last year and will make modest gains in 2025, though the next twelve months will continue to be challenging, reports by two major real estate firms s...Reuters
Wed, Jan 8
German real estate deals edge up in 2024, 2025 still seen muted
FRANKFURT, Jan 8 (Reuters) - A key indicator of the health of Germany's property sector improved last year and will make modest gains in 2025, though the next twelve months will continue to be challenging, reports by two major real estate firms said on Wednesday.Global real estate firm Jones Lang La...Reuters
Wed, Jan 8
UPDATE 2-German industrial orders, retail sales drop in November
Industrial orders fall 5.4%, sapped by large ordersRetail sales down 0.6% despite hopes for pre-Christmas boostEconomist: light winter recession expectedAdds industrial production details, retail sales and economist commentsBy Maria MartinezBERLIN, Jan 8 (Reuters) - German industrial orders and reta...Reuters
Wed, Jan 8
