News
Important Only
3M cuts 2025 profit forecast amid trade tensions
April 22 (Reuters) - U.S. industrial conglomerate 3M Co MMM.N cut its forecast for 2025 profit on Tuesday amid trade tariff tensions and weak consumer sentiment.The St. Paul, Minnesota-based company now expects a tariff-related negative impact of $0.20 to $0.40 per share on its full-year adjusted pr...Reuters
Tue, Apr 22
Euro zone yields outperform US Treasuries after Trump's Fed criticism
Trading resumed on Tuesday after Easter breakU.S.-German 10-yr spread set for biggest monthly rise since 2003German 2-year bund yields drop to lowest since October 2022By Yadarisa Shabong April 22 (Reuters) - Euro zone government bond yields eased on Tuesday, outperforming U.S. Treasuries, as tra...Reuters
Tue, Apr 22
German government forecasts economic stagnation in 2025, Handelsblatt reports
BERLIN, April 22 (Reuters) - The German government cut its economic forecast for this year and now foresees stagnation instead of 0.3% growth, the Handelsblatt newspaper reported on Tuesday, citing government sources.For 2026, the government now foresees growth around 1%, down slightly from its Janu...Reuters
Tue, Apr 22
USD/CAD maintains losses near 1.3800, six-month lows due to higher Oil prices
USD/CAD continues to slide for the second consecutive day, trading near 1.3810 during Tuesday’s European session. The Canadian Dollar (CAD) gains traction, buoyed by a rebound in crude Oil prices and broader macroeconomic factors.
Fxstreet
Tue, Apr 22
TRY: Re-establishing credibility is always difficult – Commerzbank
Last Thursday, Turkey's central bank (CBT) surprised markets by raising its main policy rate from 42.5% to 46.0%. Simultaneously, it increased the overnight lending rate to 49%, and the overnight borrowing rate to 44.5%.
Fxstreet
Tue, Apr 22
BoE's Greene says US tariffs likely to put downward pressure on UK inflation
April 22 (Reuters) - Britain is more likely to see lower than higher inflation as a result of U.S. President Donald Trump's tariffs, Bank of England policymaker Megan Greene said on Tuesday.Greene said Britain's decision not to levy reciprocal tariffs meant it was likely to become a destinat...Reuters
Tue, Apr 22
Taiwan March export orders miss forecast, China drags
Export orders +12.5 y/y vs +16.0% Reuters poll forecastOrders from China -5.3% y/y vs +28.9% in prior monthMinistry sees April orders between +6.2% and +10.4% y/yMinistry cautious about outlook given geopolitical risks TAIPEI, April 22 (Reuters) - Taiwan's export orders rose less than expecte...Reuters
Tue, Apr 22
Dollar weakness due to threat to Fed independence – ING
The US president's attacks on Fed Chair Jay Powell are intensifying. And the dollar is weakening accordingly. The President of the United States is not well versed in conventional forms of politeness. We also know that he prefers a loose monetary policy.Fxstreet
Tue, Apr 22
EUR/INR: Indian Rupee cross rates mixed at the start of the European session
Indian Rupee (INR) crosses trade with a negative bias at the start of Tuesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 97.74, with the EUR/INR pair declining from its previous close at 98.10.Fxstreet
Tue, Apr 22
Majority of German firms fear negative effects of Trump tariffs, ZEW finds
BERLIN, April 22 (Reuters) - More than 80% of German companies in manufacturing and the information technology industry expect a negative impact on the German economy from tariffs imposed by the U.S., according to a survey by the Leibniz Centre for European Economic Research ZEW. The survey, seen by...Reuters
Tue, Apr 22
