News
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Gold looks set for weekly loss as news of trade talks curb haven demand
Gold (XAU/USD) trades around $3,250 on Friday, recovering slightly from two-week lows after three straight days of losses. The losing streak that took place this week was the sum of a whole package of headlines that all had one theme in common: easing on tariffs.
Fxstreet
Fri, May 2
Take Five: Shaken and stirred
May 2 (Reuters) - The Federal Reserve will lead a pack of central banks meeting to set interest rates after weak U.S. GDP data and President Donald Trump's outspoken criticism of Fed leadership rattled markets.China trade data and Asian inflation numbers are expected to show the first evidence o...Reuters
Fri, May 2
Euro zone manufacturing showed more signs of stabilisation in April - PMI
LONDON, May 2 (Reuters) - Euro zone manufacturing output grew at the fastest pace in just over three years in April despite overall factory activity remaining in contraction territory, with the big three economies showing signs of improvement, a survey showed on Friday.HCOB's euro zone final hea...Reuters
Fri, May 2
Euro zone yields rise as traders await US data
LONDON, May 2 (Reuters) - Euro zone government bond yields rose on Friday, mirroring a move in U.S. Treasuries the previous day when European markets were shut for a holiday, as traders around the world looked ahead to U.S. jobs numbers due later. Germany's 10-year yield DE10YT=RR, the benchmark...Reuters
Fri, May 2
EUR/INR: Indian Rupee cross rates down at the start of the European session
Indian Rupee (INR) crosses trade with a negative bias at the start of Friday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 95.05, with the EUR/INR pair declining from its previous close at 95.83.Fxstreet
Fri, May 2
China 'evaluating' US offer to talk tariffs; warns against 'extortion'
Beijing says door open to talks on tariffsWarns Washington not to engage in 'extortion and coercion'Commerce Ministry statement signals de-escalation in trade war BEIJING, May 2 (Reuters) - Beijing is "evaluating" an offer from Washington to hold talks over U.S. President Donald T...Reuters
Fri, May 2
Japan's shorter-dated bond yields fall on bets of slower BOJ rate hikes
TOKYO, May 2 (Reuters) - Yields on Japan's shorter-ended bonds fell on Friday amid strong investor demand for these notes, on expectations that the Bank of Japan will not raise rates soon.The BOJ on Thursday kept interest rates steady and sharply cut its growth forecasts, suggesting uncertainty ...Reuters
Fri, May 2
EUR/JPY eases from YTD peak, up a little around 164.30 ahead of Eurozone CPI
The EUR/JPY cross builds on the previous day's blowout rally following the Bank of Japan's (BoJ) policy decision and touches a fresh year-to-date top, around the 164.60-164.65 region during the Asian session on Friday.
Fxstreet
Fri, May 2
PRESS DIGEST - Wall Street Journal - May 2
May 2 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- President Donald Trump's fiscal 2026 budget proposal, set for release Friday, will propose over $160 billion in cuts to environmental, re...Reuters
Fri, May 2
