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What to Watch in the Day Ahead - Tuesday, May 6
The Federal Reserve Open Markets Committee (FOMC) begins its two-day meeting. The Fed is expected to leave interest rates unchanged this meeting, but it may be the last where the outcome is so cut and dry with U.S. President Donald Trump's tariffs casting a shadow of uncertainty over the economi...Reuters
Mon, May 5
BREAKINGVIEWS-Trump’s Hollywood protectionism is a horror show
By Jennifer Saba NEW YORK, May 5 (Reuters Breakingviews) - Lights, camera, taxes! President Donald Trump on Sunday said that he wants to make Hollywood great again by slapping tariffs on movies made outside of the United States. If that happens, other countries could easily retaliate – a big ris...Reuters
Mon, May 5
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
Mon, May 5
WRAPUP 1-US services sector expands with hints of rising price pressures
Services sector PMI increases 0.8 point to 51.6 in AprilPrices paid index highest since January 2023; orders riseTariffs, government funding cuts worrisome for businesses By Lucia Mutikani WASHINGTON, May 5 (Reuters) - The U.S. services sector's growth picked up in April, while a measure of p...Reuters
Mon, May 5
Euro zone yields edge up before Fed and BoE policy meetings
By Stefano Rebaudo May 5 (Reuters) - Euro zone government bond yields edged up on Monday with investors on the sidelines ahead of a week packed with policy meetings at central banks including the Federal Reserve and the Bank of England.A public holiday in Britain contributed to thin trade volumes...Reuters
Mon, May 5
Pakistan tests missile, India orders drills amid Kashmir standoff
Pakistan's second missile test in three daysIndian drills will include air raid sirens, source saysMoody's says standoff could set back Pakistan reforms By Gibran Naiyyar Peshimam and Charlotte Greenfield ISLAMABAD/BELA NOOR SHAH, Pakistan, May 5 (Reuters) - Pakistan carried out a second ...Reuters
Mon, May 5
TREASURIES-US yields drift higher after stronger-than-expected services sector data
US ISM services sector index prices paid at 2-year highUS yield curve steepensUS Treasury to auction 3-year notes on MondayBy Gertrude Chavez-Dreyfuss NEW YORK, May 5 (Reuters) - U.S. Treasury yields edged higher on Monday, after data showed that the services sector in the world's largest eco...Reuters
Mon, May 5
Facing flagging growth, Mexico government plans to boost national output
By Kylie Madry MEXICO CITY, May 5 (Reuters) - Mexican officials on Monday laid out a plan to keep the nation on the path toward growth after narrowly avoiding a technical recession in the first quarter.The nation's annual gross domestic product could tick up 0.7 percentage points if the plan ...Reuters
Mon, May 5
Bessent says Trump tariff, tax cut, deregulation agendas will drive investment to US
WASHINGTON, May 5 (Reuters) - U.S. Treasury Secretary Scott Bessent on Monday said President Donald Trump's tariff, tax-cut and deregulation agenda would work together to drive long-term investment to the U.S. economy, adding that U.S. financial markets were "antifragile" and would weath...Reuters
Mon, May 5
US service sector picks up in April; price pressures rise
WASHINGTON, May 5 (Reuters) - The U.S. services sector's growth picked up in April as orders increased, boosting a measure of prices paid by businesses for materials and services to the highest level in more than two years, signaling a building up in inflation pressures due to tariffs.The Instit...Reuters
Mon, May 5
FACTBOX-Some brokerages postpone Fed rate cut bets after resilience in US jobs data
May 5 (Reuters) - Major brokerages, including Goldman Sachs and Barclays see a later start to the U.S. Federal Reserve's easing cycle after stronger-than-expected jobs report signaled resilience in the U.S. labor market as President Donald Trump's protectionist trade policy heightens economi...Reuters
Mon, May 5
