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WRAPUP 2-Trump trade war spreads more gloom across businesses
Trump tariffs reshaping business strategies, roiling marketsPepsi, P&G, American Airlines and Thermo Fisher latest to cut full-year guidance Chipotle says Americans are eating out lessNestle, Unilever warn of softer US consumer confidenceHyundai has moved some production to USGermany cuts growth...Reuters
Thu, Apr 24
P&G CFO Says Impact From Tariffs On Sourcing From China Very Hard To Mitigate - media call
April 24 (Reuters) - Procter & Gamble Co PG.N:PROCTER & GAMBLE CFO SAYS TARIFFS OBVIOUSLY PUT PRESSURE ON OUR COST STRUCTURE; PREMATURE TO SPECULATE WHAT LEVEL OF PRICING WE WILL SEE - MEDIA CALLPROCTER & GAMBLE CFO SAYS SOME COMPONENTS AND RAW PACK MATERIALS SOURCED FROM CHINA, NOT AVA...Reuters
Thu, Apr 24
US weekly jobless claims increase moderately amid low layoffs
WASHINGTON, April 24 (Reuters) - The number of Americans filing new applications for unemployment benefits rose marginally last week, suggesting the labor market remains resilient despite darkening clouds over the economy caused by tariffs on imported goods. Initial claims for state unemployment ben...Reuters
Thu, Apr 24
ECB's Nagel warns of 'significant' impact of tariffs on Germany
BERLIN, April 24 (Reuters) - Tariffs pose a "significant" risk to growth in the euro zone's largest economy Germany, ECB policymaker Joachim Nagel said in Washington on Thursday."We are relatively certain that the impact on inflation in the U.S. will be stronger than in the euro zone...Reuters
Thu, Apr 24
RPT-BREAKINGVIEWS-US-China trade deal would be tricky and tenuous
By Una Galani HONG KONG, April 24 (Reuters Breakingviews) - Donald Trump and Xi Jinping have an interest coming to the negotiating table. The U.S. president’s 145% additional tariff on many Chinese goods, and his counterpart in Beijing’s corresponding 125% charge, are unsustainable. The problem i...Reuters
Thu, Apr 24
USD/JPY falls back to near 142.30 as USD’s relief recovery shrinks
The USD/JPY pair retreats to near 142.30 during European trading hours on Thursday after a relief recovery move seen in the last two trading days. The pair falls back as the US Dollar Index (DXY) retraces after failing to extend its two-day recovery above the key level of 100.00.
Fxstreet
Thu, Apr 24
Dover beats first quarter profit estimates helped by data center demand
April 24 (Reuters) - Dover DOV.N on Thursday beat first-quarter profit estimates, helped by strong sales at its segment that makes components to cool down servers at data centers. Global appetite for artificial intelligence has fueled demand for data centers, benefiting industrial parts makers and m...Reuters
Thu, Apr 24
German economy to flatline in 2025 as tariff turmoil hits, government says
BERLIN, April 24 (Reuters) - The German government cut its economic growth forecast on Thursday and now sees stagnation in 2025 instead of a 0.3% expansion as uncertainty from global trade disputes is set to hobble growth and dampen investment.Germany was the only G7 economy that failed to grow for ...Reuters
Thu, Apr 24
Euro zone yields fall as global mood turns more fragile
German business morale unexpectedly improves in April - IfoTariffs and trade tensions remain a focusBy Yadarisa Shabong April 24 (Reuters) - Euro zone government bond yields dipped on Thursday after a rise in the previous session as global market sentiment turned more negative, pushing investors ...Reuters
Thu, Apr 24
