News
Important Only
NY Fed flags rise in student loan borrowing troubles in second quarter
NY Fed finds 1% rise in overall household debt in second quarterDelinquency transition rate stands at 4.4% in second quarterStudent loans and some mortgages face trouble in second quarterBy Michael S. Derby NEW YORK, Aug 5 (Reuters) - Total household debt levels rose during the second quarter as ...Reuters
Tue, Aug 5
ANALYSIS-Brazil's economy ready to ride out Trump's 50% tariff
Brazil's economy resilient due to exemptions and China trade tiesLula dismisses Trump's tariff threats as blackmailBrazil's exports to US only 12%, China 28%By Marcela Ayres and Bernardo Caram BRASILIA, Aug 5 (Reuters) - Brazilian goods imported by the United States will soon carry on...Reuters
Tue, Aug 5
TREASURIES-US yields ease from session highs as services activity softens
ISM nonmanufacturing PMI slips to 50.1, below expectationsFed rate cut expectations rise sharply after weak payrolls reportTreasury to auction $125 billion in notes and bonds this weekBy Chuck Mikolajczak NEW YORK, Aug 5 (Reuters) - U.S. Treasury yields were higher on Tuesday following three stra...Reuters
Tue, Aug 5
Euro zone yields nudge lower as traders balance euro zone and U.S. business activity data
LONDON, Aug 5 (Reuters) - Euro zone bond yields inched lower on Tuesday with the gap between Italian yields and those of Germany and France at around its narrowest in years, as traders digested business activity data from Europe and the U.S. Germany's 10-year yield, the benchmark for the euro zo...Reuters
Tue, Aug 5
Canada's trade deficit widened in June to second largest on record
Canada's merchandise trade deficit rises to C$5.9 bln in JuneImports up 1.4% on one-time import of high-value equipmentTrade surplus with the U.S up to C$3.9 bln on crude oil exportsOn a yearly basis, trade surplus with the U.S. drops by a halfBy Promit MukherjeeOTTAWA, Aug 5 (Reuters) - Canada&...Reuters
Tue, Aug 5
Trump says drop in energy prices will prompt Putin to 'stop killing people'
WASHINGTON, Aug 5 (Reuters) - U.S. President Donald Trump on Tuesday said declining energy prices could pressure Russian President Vladimir Putin to halt the war in Ukraine."If energy goes down enough, Putin is going to stop killing people," Trump said in an interview on CNBC. "If you ge...Reuters
Tue, Aug 5
US trade deficit hits nearly 2-year low in June; China gap plunges
US trade deficit narrows 16% in June, lowest since September 2023China trade gap shrinks by a third to $9.5 billionTariffs on imports to US rise to highest since 1934By Dan Burns Aug 5 (Reuters) - The U.S. trade deficit narrowed in June on a sharp drop in consumer goods imports, and the trade gap...Reuters
Tue, Aug 5
Swiss president flies to U.S. to win reprieve from Trump's tariffs
Swiss leaders aim to improve tariff situationUnclear who they will meet in Trump administrationTrump says he is concerned about trade deficit with SwitzerlandEconomists say tariffs would be a shock for Swiss economyBy John Revill ZURICH, Aug 5 (Reuters) - Swiss President Karin Keller-Sutter and B...Reuters
Tue, Aug 5
US services activity flatlined in July, ISM data shows
ISM nonmanufacturing PMI slipped to 50.1, below expectationsTrump's tariffs raise average US tariff rate to highest since 1934Fed governors dissent, citing job market risks over inflationBy Dan Burns Aug 5 (Reuters) - U.S. services sector activity unexpectedly flatlined in July with little ch...Reuters
Tue, Aug 5
US trade deficit narrows to $60.2 bln in June
By Dan BurnsAug 5 (Reuters) - The U.S. trade deficit narrowed in June on a sharp drop in consumer goods imports, the latest evidence of the imprint on global commerce President Donald Trump is making with sweeping tariffs on imported goods.The overall trade gap narrowed 16.0% in June to $60.2 billio...Reuters
Tue, Aug 5
US President Trump: We are getting very close to a deal with China
In an interview with CNBC on Tuesday, United States (US) President Donald Trump said that they are getting very close to reaching a trade deal with China and reiterated that the tariff rate on Indian imports will be raised soon.Fxstreet
Tue, Aug 5
