News
Important Only
Euro zone yields drop on busy data day
By Stefano Rebaudo and Alun John April 30 (Reuters) - Euro zone government bond yields dropped on Wednesday after a batch of mixed economic data both in Europe and the U.S. amid persistent concerns about a U.S. tariff-induced economic slowdown.German and French inflation data came in slightly hig...Reuters
Wed, Apr 30
FACTBOX-Trump and his campaign promises: Mapping his first 100 days
By James Oliphant WASHINGTON, April 30 (Reuters) - One of the mantras within President Donald Trump’s administration since he took office in January has been "promises made, promises kept" even as many of his campaign pledges remain unfulfilled.In the first 100 days of Trump's second ...Reuters
Wed, Apr 30
US Treasury to keep auction sizes steady over coming quarters
By Karen BrettellApril 30 (Reuters) - The U.S. Treasury Department on Wednesday said it expects to keep its coupon and floating-rate note auction sizes steady for at least the next several quarters and will study potential changes to its buyback program to support market liquidity.Analysts expect th...Reuters
Wed, Apr 30
WRAPUP 1-Europe's major banks signal caution as ominous outlook tempers profit wins
Provisions and souring loans make comeback in Q1Lenders reaffirmed targets but highlight uncertaintyShares recoup losses from April's investor exitsBy Sinead Cruise and Tommy Reggiori Wilkes LONDON, April 30 (Reuters) - Big European lenders are retaining ambitious performance targets after bu...Reuters
Wed, Apr 30
US crude, gasoline stockpiles fall; distillates build last week, EIA says
HOUSTON, April 30 (Reuters) - U.S. crude oil and gasoline stocks fell, while distillate inventories rose last week, the Energy Information Administration said on Wednesday.Crude inventories fell by 2.7 million barrels to 440.4 million barrels in the week ended April 25, the EIA said, compared with a...Reuters
Wed, Apr 30
INSTANT VIEW-Tame March PCE inflation no salve after downbeat Q1 US GDP report
April 30 (Reuters) - Consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged 0.7% in March after an upwardly revised 0.5% gain in February, the Commerce Department' said on Wednesday. Economists polled by Reuters had forecast consumer spending would rise 0.5%...Reuters
Wed, Apr 30
Miu Miu's momentum powers Prada sales growth
Prada first quarter net revenues up 12.5%, driven by Miu Miu's 60% retail sales jumpMiu Miu now accounts for 31% of Prada's total revenuesPrada to adjust prices considering euro strength and potential US tariffsBy Elisa Anzolin MILAN, April 30 (Reuters) - Net revenues at Italian luxury gr...Reuters
Wed, Apr 30
US consumer spending surges in March, inflation cools
WASHINGTON, April 30 (Reuters) - U.S. consumer spending increased solidly in March as households boosted purchases of motor vehicles to avoid higher prices and shortages due to tariffs, but that did little to change economists' views that the economy had shifted into lower gear. Consumer spendin...Reuters
Wed, Apr 30
TREASURIES-Yields gyrate lower investors mull weak GDP and stagflation scenario
NEW YORK, April 30 (Reuters) - U.S. Treasury yields seesawed lower after a weaker-than-expected read on first quarter U.S. growth underscored market reasoning that White House tariff uncertainty will both weaken growth and increase inflation in a dreaded "stagflation" scenario. Gross domesti...Reuters
Wed, Apr 30
Breaking: US core PCE inflation softens to 2.6% in March as expected
Inflation in the US, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged lower to 2.3% on a yearly basis in March from 2.5% in February, the US Bureau of Economic Analysis (BEA) reported on Wednesday. This reading came in above the market expectation of 2.2%Fxstreet
Wed, Apr 30
Australia home prices set record in April, sales volume slows on tariff risk, Cotality data shows
SYDNEY, May 1 (Reuters) - Australia's property prices hit a record in April although U.S. tariff risks and election uncertainty led to a slump in the sales and listings volume, property consultant Cotality said on Thursday. Prices rose 0.3% in April from March to a new peak of A$ 825,349 ($528,4...Reuters
Wed, Apr 30
