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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
EUR/INR: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Tuesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 95.65, with the EUR/INR pair rising from its previous close at 95.38.Fxstreet
Tue, May 6
WRAPUP 3-Chinese holiday spending inches up but trade war weighs on services
China's May day spending still off pre-COVID levelsChina's Caixin services PMI fell to 50.7 from 51.9 in MarchTourism ministry records 314 million domestic trips Business sentiment in the services sector grew at the slowest pace since February 2020Companies cite U.S. tariffs as a major conce...Reuters
Tue, May 6
Trump says with lower oil prices, Putin is more eager to settle the Ukraine war
Trump claims Russia, Ukraine want peace amid oil price dropPutin proposes ceasefire for WWII victory anniversaryTrump doubts Russia's involvement in Nord Stream attack MOSCOW, May 6 (Reuters) - U.S. President Donald Trump said Moscow and Kyiv want to settle the war in Ukraine and that Russian...Reuters
Tue, May 6
