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EU warns Iran conflict could push the bloc's inflation above 3%, Bloomberg News reports
March 11 (Reuters) - The European Union warned that its inflation rate could surpass 3% this year if the war in the Middle East causes Brent oil prices to remain around $100 per barrel and gas prices stay elevated for an extended period, Bloomberg News reported on Wednesday.In that scenario, economi...Reuters
Wed, Mar 11
US February budget deficit flat at $308 billion, tariff revenues not yet hit by court ruling
By David LawderWASHINGTON, March 11 (Reuters) - The U.S. budget deficit for February was nearly flat with a year earlier at $308 billion as growth in receipts and outlays was largely even, with receipts from President Donald Trump's tariffs not yet reflecting the U.S. Supreme Court's ruling ...Reuters
Wed, Mar 11
TREASURIES-Yields gain as oil rally dims hopes for Fed rate cuts
Oil prices drive inflation fears, Fed rate cut expectationsIran warns of $200 oil amid Gulf tensionsFed fund futures show reduced rate-cut expectations for 2026By Karen Brettell NEW YORK, March 11 (Reuters) - Two-year yields hit a five-month high on Wednesday as higher oil prices stoked inflation...Reuters
Wed, Mar 11
US gasoline prices surpass $3.50 a gallon at the pumps as Iran war rages on
By Shariq Khan NEW YORK, March 11 (Reuters) - The national average retail price of gasoline crossed $3.50 a gallon this week to hit its highest since May 2024, data from price tracking services AAA and GasBuddy showed, as the Israel-U.S. war with Iran stokes supply concerns.Disruptions to Middle ...Reuters
Wed, Mar 11
What to Watch in the Day Ahead - Thursday, March 12
Adobe is expected to report first quarter results. Analysts and investors are closely watching the uncertainty facing the software industry as rapid advances in large language models reshape competitive dynamics.Discount store operator Dollar General is expected to post its fourth-quarter revenue. I...Reuters
Wed, Mar 11
Unity is elusive for House Republicans on key election-year affordability bill
House Republicans struggle to agree on key legislation ahead of midtermsRepublicans need near unanimity for passage Moderates concerned about proposed social safety net cutsBy David Morgan DORAL, Florida, March 11 (Reuters) - U.S. House Republicans hope to enact one last piece of signature legisl...Reuters
Wed, Mar 11
US February budget deficit flat at $308 billion as tariff revenues not yet hit by court ruling
WASHINGTON, March 11 (Reuters) - The U.S. budget deficit for February was nearly flat with a year earlier at $308 billion as growth in receipts and outlays were largely even, with receipts from President Donald Trump's tariffs not yet reflecting the U.S. Supreme Court's ruling against many o...Reuters
Wed, Mar 11
Israel cabinet OKs revised budget, cenbank says Iran war needs 'careful fiscal management'
JERUSALEM, March 11 (Reuters) - The Bank of Israel on Wednesday cautioned the government to stick to "careful fiscal management" in funding the air war against Iran and to avoid allocations for new programmes not required for the war effort.To help fund the conflict, Israel's cabinet app...Reuters
Wed, Mar 11
Revolut gets full UK banking licence after years-long wait
Revolut to end long wait for UK banking licenceValued at $75 billion, it is Europe's most valuable start-upCan now compete directly with high street banks in new areasBy Tommy Reggiori Wilkes and Elizabeth Howcroft LONDON, March 11 (Reuters) - Revolut, Europe's most valuable start-up, sai...Reuters
Wed, Mar 11
Egypt: Easing delayed as inflation rebounds – Standard Chartered
Standard Chartered’s Bader Al Sarraf now expects the Central Bank of Egypt to keep policy rates at 19% through FY26, postponing earlier plans for near-term easing. The bank still forecasts a 13% policy rate by end-2026, assuming conditions stabilise.Fxstreet
Wed, Mar 11
Fitch Says World Growth To Continue At Steady Pace If Oil Price Shock Short-Lived
March 11 (Reuters) - Fitch:FITCH RATINGS: WORLD GROWTH TO CONTINUE AT STEADY PACE IF OIL PRICE SHOCK SHORT-LIVEDFITCH: EXPECT US CONSUMPTION TO SLOW IN 2026 AS LABOUR MARKET WEAKNESS WEIGHS ON HOUSEHOLD INCOMEFITCH: COOLING LABOUR MARKET & SLOWING WAGE GROWTH IS LIKELY TO PERSUADE US FEDERAL RES...Reuters
Wed, Mar 11
WRAPUP 3-US consumer inflation steady before Iran conflict drives up oil prices
Consumer price index increases 0.3% in FebruaryRents, gasoline and food account for increase in inflationCPI excluding food and energy rises 0.2%By Lucia Mutikani WASHINGTON, March 11 (Reuters) - U.S. consumer prices rose moderately in February as rents maintained a steady pace of increases, thou...Reuters
Wed, Mar 11
ECB’s Schnabel: Must be vigilant to upside inflation risks.
Isabel Schanbel, member of the executive board of the European Central Bank (ECB), said that they must monitor the persistence of the energy price shock in Europe and stay vigilant for upside inflation risks in a speech at the Frankfurt School of Finance and Management Centre for Central Banking in
Fxstreet
Wed, Mar 11
French President Macron: Government may decide further measures to cushion oil prices
French President Emannuel Macron said that they will engage with several countries to limit measures to restrict exports, adding that there's obviously a need for a definition of military and political objectives in the war in Iran at a G7 leaders' video conference on Wednesday.Fxstreet
Wed, Mar 11
US crude stocks rise, fuel inventories fall on higher demand, EIA says
By Liz Hampton and Georgina McCartney DENVER/HOUSTON, March 11 - U.S. crude stocks rose while fuel inventories fell last week, the Energy Information Administration said on Wednesday, as demand for gasoline and diesel rose on concerns that prices at the pump would continue to rise as the war with...Reuters
Wed, Mar 11
