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Canada's services PMI hits a three-month low in September as jobs decline
By Fergal Smith TORONTO, Oct 3 (Reuters) - Canada's services economy contracted at a steeper pace in September as businesses shed jobs and outstanding work sank to a five-year low, S&P Global's Canada services PMI data showed on Friday.The headline Business Activity Index fell to 46.3...Reuters
Fri, Oct 3
Brazil's industrial output rebounds in August, despite rate pressures
SAO PAULO, Oct 3 (Reuters) - Brazil's industrial production beat expectations in August, data from statistics agency IBGE showed on Friday, despite the continuous pressure of tight monetary policy. After four months of mostly negative results, output in Latin America's largest...Reuters
Fri, Oct 3
India can weather global challenges, RBI chief says
RBI chief Malhotra says India resilient despite global headwindsSays forex reserves, low inflation serve as buffers Warns of global fiscal stress, market complacencyFinance minister: committed to higher infra spending By Nikunj Ohri and Aftab Ahmed NEW DELHI, Oct 3 (Reuters) - India's economi...Reuters
Fri, Oct 3
Fed's Goolsbee a 'little wary' of front-loading too many rate cuts - CNBC
Oct 3 (Reuters) - Chicago Fed President Austan Goolsbee on Friday said he was hesitant to commit to a series of interest rate cuts with inflation still running above the central bank's 2% target."I'm a little wary about front-loading too many rate cuts and just counting on the inflation ...Reuters
Fri, Oct 3
Fed's Goolsbee: The labour market remains pretty stable
Chicago Fed President Austan Goolsbee struck a cautious but steady tone in fresh remarks. He pointed to resilience in the labor market, played down tariff effects on services inflation, and warned against moving too aggressively on rate cuts.Fxstreet
Fri, Oct 3
Tesla's UK car sales barely grew in September, New Automotive data shows
Oct 3 (Reuters) - Tesla's UK TSLA.L car sales were nearly flat in September, compared with a year earlier, while the overall UK electric vehicle market saw strong growth, data from New AutoMotive showed on Friday.There were 8,038 new Tesla UK registrations in September, up just 0.11% from a year...Reuters
Fri, Oct 3
INDIA BONDS-India bonds rise; benchmark yield ends flat after new 10-year note sale
By Dharamraj Dhutia MUMBAI, Oct 3 (Reuters) - Indian government bonds rose on Friday as sentiment turned upbeat following a dovish central bank guidance earlier in the week, while the benchmark yield ended flat, as investors sold the note after the issue of the new 10-year bond. The yield on the ...Reuters
Fri, Oct 3
USD/CNH: Likely to trade in a range of 7.1260/7.14100 – UOB Group
US Dollar (USD) is likely to trade in a range of 7.1260/7.1410. In the longer run, for the time being, USD is likely to trade in a range between 7.1000 and 7.1480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Oct 3
UK business activity grows at slowest pace in 5 months, PMI shows
UK services PMI revised down to its lowest since AprilS&P says fear of tax rises is putting spending decisions on holdEconomists expect sluggish GDP growth in third quarterBy David Milliken LONDON, Oct 3 (Reuters) - British business activity grew at the slowest pace in five months in Septembe...Reuters
Fri, Oct 3
European bond yields seek direction amid dearth of US data
By Joice Alves LONDON, Oct 3 (Reuters) - Euro zone bond yields were little changed on Friday amid a dearth of U.S. economic data due to the Washington government shutdown, with the release of the key monthly U.S. payrolls report likely being delayed. The shutdown, the 15th since 1981, left mar...Reuters
Fri, Oct 3
Fed's Williams says central banks must prepare for the unexpected
By Michael S. DerbyOct 3 (Reuters) - Federal Reserve Bank of New York President John Williams said Friday that unpredictable change is inevitable and central banks need to be aware of that and have strategies to operate in those environments.Williams' comments, which came in prepared remarks for...Reuters
Fri, Oct 3
DXY: 2-way trades seem likely – OCBC
The US government shutdown adds another layer of data and market uncertainty. Past shutdowns have often coincided with demand for safe haven proxy including gold while the USD broadly traded softer though outcomes can vary with duration of shutdown.Fxstreet
Fri, Oct 3
EXCLUSIVE-Ireland poised to blunt sanctions on Israel under corporate pressure, say sources
Ireland has been outspoken critic of Israel on GazaBusiness lobby urges government to soften stanceGovernment poised to blunt sanctions, sources sayBy John O'Donnell and Padraic Halpin DUBLIN, Oct 3 (Reuters) - Ireland is poised to curb planned sanctions on Israel, blunting a law central to i...Reuters
Fri, Oct 3
Toronto home sales rise to eight-month high in September
By Fergal SmithTORONTO, Oct 3 (Reuters) - Greater Toronto Area home sales rose to an eight-month high in September, while prices declined, Toronto Regional Real Estate Board data showed on Friday.Seasonally adjusted sales increased 2% on a month-over-month basis to 5,765 units, marking the highest l...Reuters
Fri, Oct 3
Italy's budget sees rising debt as growth hit by US tariffs
Italy's debt seen peaking at 137.4% of GDP next yearUS trade tariffs to subtract 0.5% from 2026 GDPTax burden to rise in 2025By Giuseppe Fonte ROME, Oct 3 (Reuters) - Italy's public debt will only start falling as a proportion of economic output from 2027, the Treasury said in its multi-y...Reuters
Fri, Oct 3
UK business activity grows at slowest pace in 5 months, PMI shows
By David MillikenLONDON, Oct 3 (Reuters) - British business activity grew at the slowest pace in five months in September as companies and consumers put big spending decisions on hold as they waited to see if they would be hit by tax rises in November's budget, a survey showed on Friday.The S&am...Reuters
Fri, Oct 3
