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Mexico central bank expects further rate cuts, governor says
By Emily Green May 7 (Reuters) - Mexican central bank governor Victoria Rodriguez expects further cuts to the benchmark interest rate if inflation holds steady as expected, she told Reuters."We foresee that the inflationary environment will allow us to continue with the cycle of cuts to the r...Reuters
Wed, May 7
REFILE-TREASURIES-US yield curve flattens on China trade talks; Fed in focus
US yield curve flattening driven by US-China trade talksFocus on Fed's Powell's comments post-meeting on tariffsUS rate futures price in Fed cut in JulyBy Gertrude Chavez-Dreyfuss NEW YORK, May 7 (Reuters) - The U.S. Treasury yield curve flattened on Wednesday, as yields on the long end w...Reuters
Wed, May 7
Mexico central bank has room to lower benchmark rate as economy slows, Heath says
By Ana Isabel Martinez and Aida Pelaez-Fernandez MEXICO CITY, May 7 (Reuters) - There is still room for Mexico's central bank to lower its benchmark interest rate as the country's economy slows, deputy governor Jonathan Heath said in a podcast with lender Banorte published on Wednesday.La...Reuters
Wed, May 7
US crude inventories decline, jet fuel demand jumps, EIA says
By Liz Hampton and Stephanie KellyDENVER, May 7 (Reuters) - U.S. crude stocks and distillate inventories fell last week, while jet fuel demand rose to a five-year high, the Energy Information Administration (EIA) said on Wednesday. Gasoline inventories rose, stoking concerns among analysts of weak ...Reuters
Wed, May 7
Top 5 made in China cryptos to watch as Trump officials signal openness to trade negotiations
The United States (US) and China’s trade negotiations are likely to take place this week with news of key Trump administration officials visiting Switzerland for a meeting with Chinese officials.Fxstreet
Wed, May 7
Reuters Econ World: A dollar warning from Asia
By Carmel CrimminsMay 7 - Hello there,The speed of this week’s record rally in the Taiwan dollar had one analyst describing it as feeling like a sort of “Asian-crisis-in-reverse”. It is certainly a warning sign for the U.S. dollar, suggesting that Asian demand for the greenback is shifting and inves...Reuters
Wed, May 7
US crude and distillate inventories fall, gasoline inventories rise, says EIA
DENVER, May 7 (Reuters) - U.S. crude stocks and distillate inventories fell while gasoline inventories rose in the week ending May 2, the Energy Information Administration said on Wednesday.Crude inventories fell by 2 million barrels to 438.4 million barrels last week , the EIA said, compared with a...Reuters
Wed, May 7
Mexico central bank expects further rate cuts, governor says
May 7 (Reuters) - Mexican central bank governor Victoria Rodriguez expects further cuts to the benchmark interest rate if inflation holds steady as expected, she told Reuters."We foresee that the inflationary environment will allow us to continue with the cycle of cuts to the reference rate,"...Reuters
Wed, May 7
Brazil's industrial output beats expectations in March
SAO PAULO, May 7 (Reuters) - Brazil's industrial production increased in March from the previous month, official data showed on Wednesday, beating analyst expectations.Industrial output in Latin America's largest economy rose 1.2% in March from February, the biggest rate of increase since Ju...Reuters
Wed, May 7
Romania revises May domestic debt issuance down to 4.38 bln lei-finmin data
BUCHAREST, May 7 (Reuters) - Romania has revised down its domestic debt issuance plan for May to some 4.38 billion lei ($971.91 million) from an initial target of 6.06 billion lei, finance ministry data showed on Wednesday, as political uncertainty fueled by a presidential election hurt demand.After...Reuters
Wed, May 7
US tariffs, Europe slowdown reshape global solar panels trade
SINGAPORE, May 7 (Reuters) - Solar panel makers in Laos and Indonesia, mostly owned by Chinese firms, boosted their share in the U.S. market after steep tariffs hit exports from other Southeast Asian countries including Cambodia and Thailand, trade data showed.Reuters
Wed, May 7
Mexican Peso steadies as markets await Powell's tone, tariff signals
The Mexican Peso (MXN) extends gains against the US Dollar (USD) on Wednesday, benefiting from renewed hopes of de-escalation in global trade tensions after positive developments between the United States and China.
Fxstreet
Wed, May 7
US Dollar resides near five-day low as traders gauge progress in trade talks, Fed policy
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades broadly flat on Wednesday at around 99.40 after printing a fresh five-day low on Tuesday.Fxstreet
Wed, May 7
ANALYSIS-Europe's costly military pensions complicate defence build-up
European countries hiking defence spending to meet NATO targetPension spending makes up close to 20% of some defence budgetsSome countries reach NATO spending target due to pensionsBy Leigh Thomas PARIS, May 7 (Reuters) - European nations want to spend big on artillery, missiles and drones, but c...Reuters
Wed, May 7
Sapphire flags longer road to recovery for Pizza Hut after quarterly sales miss
May 7 (Reuters) - Sapphire Foods India SAPI.NS, a franchisee of U.S.-based fast-food major Yum Brands YUM.N, said Pizza Hut's recovery in India would take longer, after the company reported quarterly revenue slightly below estimates on Wednesday.Indian operators of U.S. chains such as Pizza Hut,...Reuters
Wed, May 7
