News
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CORRECTED-TREASURIES-Sideways trade and mixed yields as investors await Fed
U.S. Treasury selling $42 billion of 10-year notesFed seen keeping interest rates on hold Wednesday 10-year Treasury yield touches highest since April 23 By Alden Bentley NEW YORK, May 6 (Reuters) - U.S. Treasury yields were mixed in subdued trade on Tuesday before the Federal Open Market Committ...Reuters
Tue, May 6
Bessent says US could announce trade deals with some countries this week
Trump admin negotiates with 17 major trading partners, excluding ChinaBessent expects substantial reductions in tariff and non-tariff barriers India and Japan may be first to sign trade agreements with USTrump says any deal with China must be 'fair'By Andrea Shalal and David Lawder WASHIN...Reuters
Tue, May 6
Trumps says will evaluate trade deals in upcoming weeks
By Steve HollandWASHINGTON, May 6 (Reuters) - President Donald Trump said on Tuesday that he and top administration officials will review potential trade deals over the next two weeks to decide which ones to accept.Trump and top officials say they are currently negotiating many economic deals with c...Reuters
Tue, May 6
Canada's Carney says USMCA needs changes as Trump raises renegotiations
WASHINGTON, May 6 (Reuters) - Canadian Prime Minister Mark Carney said some aspects of the USMCA trade deal between Canada, the United States and Mexico signed during Donald Trump's first term will have to change as the U.S. president also raised renegotiations for the trade pact that is up for ...Reuters
Tue, May 6
Trump says US will stop bombing Houthis after agreement struck
WASHINGTON, May 6 (Reuters) - President Donald Trump said on Tuesday that the U.S. will stop bombing the Houthis in Yemen after the Iran-aligned group agreed to stop interrupting important shipping lanes in the Middle East.Reuters
Tue, May 6
Trumps says China wants to negotiate, meet at right time
WASHINGTON, May 6 (Reuters) - President Donald Trump said on Tuesday that China want to negotiate a trade deal to end competing tariffs and the two leaders of the economic rivals will meet the right time.Trump also said that negotiations over the United State-Mexico-Canada Agreement may be renegotia...Reuters
Tue, May 6
Carney says Canada is not for sale, Trump says "never say never"
WASHINGTON, May 6 (Reuters) - Canadian Prime Minister Mark Carney told President Donald Trump on Tuesday during a meeting at the White House that Canada would never be for sale.Trump, who has repeatedly suggested that Canada could become the United States' 51st state, responded by saying: "N...Reuters
Tue, May 6
WRAPUP 2-Rush to beat tariffs boosts US trade deficit to record high in March
Trade deficit widens 14.0% to record $140.5 billion in MarchGoods imports accelerate 5.4% to all-time high of $346.8 billionImports from China at lowest level in five yearsImports from most countries were highest on record By Lucia Mutikani WASHINGTON, May 6 (Reuters) - The U.S. trade deficit wid...Reuters
Tue, May 6
US yields steady ahead of Fed, 10-year auction as US Dollar slips
The US 10-year Treasury yield trades subdued on Tuesday as market participants await the Federal Reserve’s last monetary policy meeting on May 7. Furthermore, investors are also eyeing the demand for the 10-year T-note auction at 13:00 ET.Fxstreet
Tue, May 6
Asian FX rallies as USD weakens on recession fears, tariff uncertainty
USD remains offered across the board as investor flows shift sharply into Asia, following a record 6% two-day surge in the Taiwan dollar (TWD) and strong gains in the Korean won (KRW), Chinese yuan, and Thai baht (THB).Fxstreet
Tue, May 6
New York Fed finds easing supply chain pressures in April
Supply chain pressures eased in April despite trade uncertaintyNY Fed data suggests goods moving smoothly across bordersTariffs do not seem to be breaking supply chains so farBy Michael S. Derby NEW YORK, May 6 (Reuters) - Supply chain pressures eased last month even as economies around the world...Reuters
Tue, May 6
US insurance composite rises 2.7% last week amid market rebound
By Carlos PallordetMay 6 - (The Insurer) – The North American insurance composite, compiled by investment banks Stonybrook and Weild & Co, recorded its fourth straight week of gains, with all 12 industry groups in the index ending in positive territory.The S&P 500 finished the week up 2.9% a...Reuters
Tue, May 6
Bessent says US data not showing recession, expects Q1 data to be revised upwards
WASHINGTON, May 6 (Reuters) - U.S. Treasury Scott Bessent on Tuesday said there was nothing in U.S. economic data which showed that the American economy was currently in a recession, despite a contraction in the first quarter gross domestic product (GDP).Bessent told the House Appropriations Committ...Reuters
Tue, May 6
Ireland sees 2025 economic growth slowing to 2% if tariffs stick
DUBLIN, May 6 (Reuters) - Ireland's economic growth is expected to slow to 2% this year if a 10% tariff on U.S. imports from the European Union remains in place, or 2.5% if tariffs are removed, Ireland's finance ministry forecast on Tuesday.Ireland is among the countries most exposed to ...Reuters
Tue, May 6
