News
Important Only
US wholesale inventories unrevised in February
WASHINGTON, April 9 (Reuters) - U.S. wholesale inventories increased steadily in February, the government confirmed on Wednesday, amid front-loading of imported goods like lumber and professional equipment by businesses ahead of tariffs.Stocks at wholesalers rose by an unrevised 0.3%, the Commerce D...Reuters
Wed, Apr 9
AUD/USD soars to near 0.6050 amid significant weakness in US Dollar
The AUD/USD rallies to near 0.6050 during North American trading hours on Wednesday. The Aussie pair strengthens as the US Dollar (USD) slides sharply amid fears that deteriorating trade relations between the United States (US) and China could push the economy into a recession.
Fxstreet
Wed, Apr 9
Volkswagen's EV sales rise in Europe, plunge in China
Battery EV sales up 112% in Europe in Q1, down 37% in ChinaTotal China sales fall 7.1%, new models to come this yearSix of ten best-selling models in Europe are Volkswagen carsTesla's Model Y drops to 7th place in German rankings: KBA BERLIN, April 9 (Reuters) - Volkswagen Group's VOWG_p....Reuters
Wed, Apr 9
Mexico annual inflation accelerates in March
MEXICO CITY, April 9 (Reuters) - Mexico's annual inflation sped up in March but remained within the central bank's target range, data released on Wednesday showed, giving credit to expectations that the monetary authority will further trim its benchmark interest rate by half a percentage...Reuters
Wed, Apr 9
Fed Minutes to offer clues on rate cut outlook amid tariff uncertainty
The eagerly awaited minutes from the United States (US) Federal Reserve’s (Fed) March 18-19 monetary policy meeting are set for release on Wednesday at 18:00 GMT. During the gathering, policymakers agreed to keep the Fed Funds Target Range (FFTR) unchanged at 4.25%-4.50%.Fxstreet
Wed, Apr 9
Traders bet on May start to Fed rate cuts as trade war escalates
April 9 (Reuters) - Traders of futures contracts tied to the Federal Reserve's policy interest rate on Wednesday saw about a 60% chance that the U.S. central bank will cut start cutting interest rates next month, as China announced retaliatory tariffs on U.S. goods, ratcheting up the trade war.Reuters
Wed, Apr 9
Fed's Kashkari: neither rate hike nor cut is off the table, hurdle is high for both
April 9 (Reuters) - Federal Reserve Bank of Minneapolis President Neel Kashkari on Wednesday said that the sweeping tariffs announced last week threaten to unanchor inflation expectations even as they deal a blow to the U.S. economy, leaving the door open to a policy rate change either up or down ev...Reuters
Wed, Apr 9
TREASURIES-Longer-dated yields surge on bond liquidations
Bond liquidations send yields sharply higherVolumes surge in overnight trading Treasury to sell $39 bln 10-year notes on WednesdayBy Karen Brettell NEW YORK, April 9 (Reuters) - Benchmark 10-year U.S. Treasury note yields jumped to a seven-week high on Wednesday on what appeared to be large liqui...Reuters
Wed, Apr 9
JPMorgan CEO Dimon expects recession and defaults, urges quick progress on trade talks
By Nupur AnandNEW YORK, April 9 (Reuters) - JPMorgan Chase CEO JPM.N Jamie Dimon said on Wednesday that sweeping tariffs imposed by U.S. President Donald Trump will probably lead to a recession and defaults by borrowers, he told Fox Business’ Mornings with Maria."So long as you have rates going ...Reuters
Wed, Apr 9
China's premier vows more proactive macroeconomic policies amid 'external shocks'
BEIJING, April 9 (Reuters) - China needs to implement more proactive macroeconomic policies and roll them out in a timely manner as "external shocks" have put pressures to China's economic stabilisation, Premier Li Qiang said on Wednesday, according to state media. During a symposium wit...Reuters
Wed, Apr 9
RPT-US 30-year mortgage rate dropped last week, applications surged
April 9 (Reuters) - The interest rate for the most popular U.S. home loan dropped to 6.61% last week, the lowest rate since October, giving a boost to mortgage applications even as global stocks tumbled in the wake of President Donald Trump's decision to impose sweeping tariffs on trading partne...Reuters
Wed, Apr 9
Brazil retail sales rise 0.5% in February to hit record
BRASILIA, April 9 (Reuters) - Retail sales volumes in Brazil rose 0.5% in February from the previous month, reaching the highest level since the data series began in 2000, statistics agency IBGE said on Wednesday.The result matched the 0.5% increase forecast by economists in a Reuters poll.IBGE note...Reuters
Wed, Apr 9
Brazil's bank lending accelerates in February despite high interest rates
BRASILIA, April 9 (Reuters) - Outstanding loans in Brazil rose in February despite an ongoing aggressive monetary tightening cycle, central bank data showed on Wednesday. Total bank lending increased 0.4% from the previous month to 6.487 trillion reais ($1.08 trillion), with 12-month growth...Reuters
Wed, Apr 9
US Treasury chief says will address debt ceiling in budget bill
WASHINGTON, April 9 (Reuters) - The U.S. federal government aims to lift its debt ceiling through the budget reconciliation bill making its way through the Republican-led Congress, U.S. Treasury Secretary Scott Bessent confirmed on Wednesday. "We are going to do debt ceiling through reconciliati...Reuters
Wed, Apr 9
Brazil bank lending up 0.4% in February
BRASILIA, April 9 (Reuters) - Outstanding loans in Brazil increased 0.4% in February from the month before to 6.487 trillion reais ($1.08 trillion), according to central bank data on Wednesday.A broad measure of Brazilian consumer and business default ratios rose to 4.5% from 4.4%.($1 = 6.0108 reais...Reuters
Wed, Apr 9
