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WRAPUP 4-US consumer inflation increases steadily, but households paying more for food and rents
Consumer Price Index increases 0.3% in DecemberFood, rents were the main drivers of consumer inflationUnderlying inflation rises a moderate 0.2%By Lucia Mutikani WASHINGTON, Jan 13 (Reuters) - U.S. consumer prices increased in December, lifted by higher costs for rents and food as some of the dis...Reuters
Tue, Jan 13
WTI oil discount to Brent largest in eight months as more Venezuelan crude expected in US
Venezuelan crude influx widens WTI-Brent spreadUS crude exports may rise by 100,000 bpd in Q1Brent gains from Iran tensions, Venezuelan imports affect WTI pricesBy Georgina McCartney and Seher Dareen HOUSTON/LONDON, Jan 13 (Reuters) - The discount on U.S. crude futures to the global benchmark Bre...Reuters
Tue, Jan 13
Ramping oil production in Venezuela will yield limited short-term gains, IEA says
SANDEFJORD, Norway, Jan 13 (Reuters) - Ramping up oil production in Venezuela after years of industry neglect will take time and bring only limited short-term gains, the chief energy economist at the International Energy Agency said on Tuesday.U.S. President Donald Trump has urged U.S. energy firms...Reuters
Tue, Jan 13
Euro zone yields edge up after central banks' support to Powell
By Joice Alves LONDON, Jan 13 (Reuters) - Euro zone bond yields edged up on Tuesday, after reversing Monday's drop, as central bank chiefs lined up in support of Federal Reserve Chair Jerome Powell after the Trump administration threatened him with a criminal prosecution. Easing some concerns...Reuters
Tue, Jan 13
EXCLUSIVE-Angola extends $1 billion debt facility with JPMorgan and gets extra $500 million
JPMorgan deal was initially backed by $1.9 billion in Angolan bondsGabon, Senegal have also turned to "off screen" debt deals Angola plans to issue new domestic bonds in local and foreign currenciesBy Miguel Gomes and Duncan Miriri LUANDA, Jan 13 (Reuters) - Angola has extended a one-year...Reuters
Tue, Jan 13
TREASURIES-US yields decline after inflation data
CPI rose 0.3% in December, matching expectationsFed rate cut expectations remain largely unchangedMusalem says no reason near-term for further rate cutsBy Chuck Mikolajczak NEW YORK, Jan 13 (Reuters) - U.S. Treasury yields retreated on Tuesday, after a reading on inflation for December came in as...Reuters
Tue, Jan 13
REFILE-Musalem says Powell video was "very clear and very direct" - MNI Webcast
WASHINGTON, Jan 13 (Reuters) - Fed chair Jerome Powell's statement calling a Trump administration criminal investigation of him a "pretext" for a dispute over interest rates was "very clear and very direct," St. Louis Fed president Alberto Musalem said on Tuesday, but added he wo...Reuters
Tue, Jan 13
Trump says inflation data means Fed can cut interest rates
WASHINGTON, Jan 13 (Reuters) - President Donald Trump welcomed December inflation figures released on Tuesday, saying they supported his push for Federal Reserve chair Jerome Powell to cut interest rates.The closely watched core CPI year-on-year figure came in at 2.6%, less than the 2.7% markets had...Reuters
Tue, Jan 13
US new home sales fall marginally in October
WASHINGTON, Jan 13 (Reuters) - Sales of new U.S. single-family homes fell slightly in October after increasing for two straight months, though declining prices amid still-elevated inventory could support the new housing market this year.New home sales slipped 0.1% to a seasonally adjusted annualized...Reuters
Tue, Jan 13
World Bank sees resilient global growth in 2026 amid tariffs but fading dynamism
World Bank sees global GDP growth at 2.6% versus 2.7% in 2025Growth forecasts slightly above global lender's June 2025 predictionsWorld Bank says gains concentrated in wealthy countries, growth too slow to reduce extreme poverty By David LawderWASHINGTON, Jan 13 (Reuters) - The global economy i...Reuters
Tue, Jan 13
Inflation may keep Fed on hold until after Powell's chair term ends
Jan 13 (Reuters) - Inflation may not subside quickly enough for Federal Reserve Chair Jerome Powell to deliver another interest-rate cut before his term ends in May, with the Bureau of Labor Statistics reporting consumer prices rose 2.7% in December from a year earlier, in line with economists' ...Reuters
Tue, Jan 13
World Bank sees resilient global growth in 2026 despite tariffs, but fading dynamism
By David LawderWASHINGTON, Jan 13 (Reuters) - The global economy is proving more resilient than expected, with 2026 GDP growth expected to improve slightly over forecasts from last June, the World Bank said on Tuesday while warning that growth is too concentrated in advanced countries and overall to...Reuters
Tue, Jan 13
Platinum rises but remains below December record – Commerzbank
Platinum prices surged alongside Gold and Silver, narrowing its undervaluation relative to Gold, with the Gold/Platinum ratio now just under 2, a level last seen in June 2023, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Tue, Jan 13
Euro zone yields edge higher with Trump's attacks on Fed chief in focus
By Joice Alves LONDON, Jan 13 (Reuters) - Euro zone government bond yields edged higher on Tuesday, reversing Monday's drop, as central bank chiefs lined up in support of Federal Reserve Chair Jerome Powell after the Trump administration threatened him with a criminal prosecution. Easing some...Reuters
Tue, Jan 13
Ibiza holiday rentals plunge as Spain cracks down on overtourism
MADRID, Jan 13 (Reuters) - The number of short-term tourist lets on Ibiza almost halved in 2025 from a year earlier as Spain's crackdown on holiday homes and overtourism started to bite. The supply of short-term rentals on the popular tourist island is now 80% lower than in 2017, tourism lobby E...Reuters
Tue, Jan 13
