News
Important Only
Tesla's German car sales nearly halved in April
May 6 (Reuters) - Tesla's TSLA.O sales volume in Germany nearly halved in April, German road traffic agency KBA said on Tuesday, even as sales of battery electric vehicles rose overall.KBA said Tesla sold 885 cars in Germany in April, down 45.9% from a year earlier. The number of Teslas sold bet...Reuters
Tue, May 6
China central bank, regulators to hold press conference on financial policy package
BEIJING, May 6 (Reuters) - China will hold a press conference on a "financial policy package to stabilise the market and expectations" with officials from the People's Bank of China and the financial and securities regulators at 9 a.m. (0100 GMT) on Wednesday, the State Council Informati...Reuters
Tue, May 6
Pound Sterling performs strongly even as BoE dovish bets remain firm
The Pound Sterling (GBP) trades firmly against its major peers, except the Japanese Yen (JPY), on Tuesday. The British currency gains ahead of the Bank of England (BoE) interest rate decision, which will be announced on Thursday, and in which the central bank is expected to cut interest rates...
Fxstreet
Tue, May 6
Tesla's German car sales nearly halved in April
May 6 (Reuters) - Tesla's TSLA.O sales volume in Germany nearly halved in April, German road traffic agency KBA said on Tuesday, even as sales of battery electric vehicles rose overall.KBA said Tesla sold 885 cars in Germany in April, down 45.9% from a year earlier. The number of Teslas sold bet...Reuters
Tue, May 6
RPT-Bond investors stick to neutral stance ahead of Fed meeting
Cautious investors cut long-duration betsPGIM sees no 'upside tail,' recommends caution, de-risking US rate futures indicate Fed to resume rate cuts in JulyBy Gertrude Chavez-Dreyfuss NEW YORK, May 5 (Reuters) - Bond investors have taken a neutral stance in the run-up to the Federal Reser...Reuters
Tue, May 6
USD/CNH drops to six-month low amid optimism – Danske Bank
Asian currencies rallied sharply, led by a historic surge in the Taiwan dollar, as growing speculation over imminent trade talks between the US and its Asian partners boosted market sentiment and fueled hopes of policy shifts, Danske Bank's FX analysts report.
Fxstreet
Tue, May 6
RPT-Euro zone economic growth slows in April, services near stagnation, PMI shows
LONDON, May 6 (Reuters) - The euro zone economy continued to expand in April but at a slower pace as demand weakened and the dominant services sector nearly stagnated, suggesting the region's recovery remains fragile, a survey showed.The HCOB Eurozone Composite PMI Output Index, compiled by S&am...Reuters
Tue, May 6
UK new car sales drop in April on weak consumer confidence
Tesla UK sales drop 62%BEV registrations rise 8.1%, still below government targetIndustry analysts predict US car demand decline due to tariffs May 6 (Reuters) - British new car registrations fell more than 10% year-on-year in April, including a 62% plunge for Tesla TSLA.O, hit by weak consumer c...Reuters
Tue, May 6
Toronto home sales claw back some recent declines in April
By Fergal Smith TORONTO, May 6 - Greater Toronto Area home sales rose in April from March but were down sharply from April last year, as homebuyers weighed trade tensions between Canada and the United States, Toronto Regional Real Estate Board data showed on Tuesday.Seasonally adjusted sales were...Reuters
Tue, May 6
UK services sector contracts at steepest pace since 2023, PMI shows
LONDON, May 6 (Reuters) - Britain's services sector, accounting for much of the economy, shrank in April for the first time since October 2023 and at the fastest pace in more than two years, according to a survey that showed U.S. tariff turmoil is hammering exports and sentiment. The S&P Gl...Reuters
Tue, May 6
US Dollar Index falls to near 99.50 as 2-year Treasury yield drops over half a percent
The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, is depreciating after registering gains in the previous session, trading near 99.60 during the European hours on Tuesday.Fxstreet
Tue, May 6
Euro zone economic growth slows in April, services near stagnation, PMI shows
LONDON, May 6 (Reuters) - The euro zone economy continued to expand in April but at a slower pace as demand weakened and the dominant services sector nearly stagnated, suggesting the region's recovery remains fragile, a survey showed.The HCOB Eurozone Composite PMI Output Index, compiled by S&am...Reuters
Tue, May 6
