News
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Trump castigates Fed's Powell for not cutting rates, downplays inflation risk
Trump has criticized Powell over rate policy for yearsFed kept rates on hold this week in 'wait and see' posture on tariffsTraders bet US-UK trade deal announced Thursday means fewer Fed rate cutsBy Andrea Shalal and Steve Holland WASHINGTON, May 8 (Reuters) - U.S. President Donald Trump ...Reuters
Thu, May 8
Canadian financial system stable, but trade war poses big risks, says central bank
By Promit Mukherjee and David Ljunggren OTTAWA, May 8 (Reuters) - A prolonged trade war could increase the risks to Canadian financial stability by hurting banks and other institutions and by making it harder for households and businesses to pay down debt, the Bank of Canada said on Thursday.In i...Reuters
Thu, May 8
WRAPUP 2-US labor market stays resilient, but workers less productive in Q1
Weekly jobless claims decrease 13,000 to 228,000Continuing claims decline 29,000 to 1.879 millionProductivity falls at a 0.8% rate in the first quarterUnit labor costs surge at a 5.7% pace, but trend slowingBy Lucia Mutikani WASHINGTON, May 8 (Reuters) - The number of Americans filing new applica...Reuters
Thu, May 8
Euro zone bonds yields nudge higher, trade deals, cen banks in focus
By Stefano Rebaudo and Lucy Raitano May 8 (Reuters) - Euro zone government bond yields rose on Thursday, as investors digested a raft of developments including a trade deal between the U.S. and Britain and a Bank of England rate cut. U.S. President Donald Trump and British Prime Minister Keir...Reuters
Thu, May 8
TREASURIES-Prices dip on US-UK trade deal optimism, ahead of 30-year auction
US-UK trade deal spurs Treasuries selling in risk-off marketUK trade deal not a game changer, but a good start, analyst saysFocus on US 30-year bond auctionJP Morgan expects smooth absorption of 30-year bonds at auctionBy Gertrude Chavez-Dreyfuss NEW YORK, May 8 (Reuters) - U.S. Treasuries slippe...Reuters
Thu, May 8
Breaking News: Bitcoin breaks $100,000 again as US trade talks fuel crypto rally
Bitcoin price crossed $100,000 on Thursday and hovers around $100,742 at the time of writing. The largest cryptocurrency ignited a rally in meme coins, AI tokens and altcoins in the top 100 cryptos by market capitalization.
Fxstreet
Thu, May 8
Brazil markets rally as central bank leaves next steps open
BRASILIA, May 8 (Reuters) - Brazilian markets surged on Thursday after the central bank raised interest rates to their highest in nearly two decades but refrained from signaling further steps, with a more favorable global backdrop also buoying sentiment.By midday the Brazilian real BRBY was up 1.2% ...Reuters
Thu, May 8
Euro zone bonds yields nudge higher, gilts spike on BoE cut
By Stefano Rebaudo May 8 (Reuters) - Euro zone government bond yields nudged higher on Thursday, but held largely steady after the Bank of England cut rates and suggested it needed to adjust policy gradually. UK gilt yields spiked higher on the news, with the policy-rate sensitive 2-year GB2YT=RR...Reuters
Thu, May 8
NY Fed survey finds deteriorating views on household financial situation
NY Fed finds public soured on financial situation in AprilNY Fed data finds mixed views on future inflation pressuresNY Fed: Three-year-ahead expected inflation highest since July 2022By Michael S. Derby NEW YORK, May 8 (Reuters) - Americans’ views on their current and future financial situations...Reuters
Thu, May 8
FACTBOX-What items are in the EU's new response measures to Trump tariffs?
By Julia Payne BRUSSELS, May 8 (Reuters) - The European Commission opened a public consultation on Thursday on products which could be hit by its new counter-measures to U.S. tariffs should negotiations with Washington fail.The Commission has compiled a list of imported products worth 95 billion ...Reuters
Thu, May 8
US wholesale inventories revised slightly lower in March
WASHINGTON, May 8 (Reuters) - U.S. wholesale inventories increased slightly less than initially estimated in March amid decreases in the stocks of electrical, lumber, apparel and farm products.Stocks at wholesalers rose 0.4%, revised down from the 0.5% gain estimated last month, the Commerce Departm...Reuters
Thu, May 8
