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India tells consumers not to panic over gas shortages and save energy
By Nidhi Verma NEW DELHI, March 11 (Reuters) - India on Wednesday asked consumers not to panic about gas supplies and conserve energy wherever possible, as the world's second-largest importer of liquefied petroleum gas (LPG) struggles to meet domestic demand.The federal government has invoked...Reuters
Wed, Mar 11
Canada: Oil-driven inflation risks and growth trade-offs – RBC Economics
RBC Economics notes Canada’s Oil and gas sector is smaller than a decade ago but still important for GDP and exports. Higher Oil prices lift corporate profits and royalties but squeeze household purchasing power.Fxstreet
Wed, Mar 11
AUD: RBA signals support recovery prospects – OCBC
OCBC strategists Christopher Wong and Sim Moh Siong note the Australian Dollar outperformed as global risk sentiment improved and the Reserve Bank of Australia turned more hawkish. OIS pricing now assigns a higher probability to a March rate hike, though OCBC still expects the next move in May.
Fxstreet
Wed, Mar 11
US crude stocks rise, gasoline and distillate inventories fall - EIA
U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.Crude inventories rose by 3.8 million barrels to 443.1 million barrels in the week ended March 6, the EIA said, compared with analysts' expectations in a Reute...Reuters
Wed, Mar 11
Bank of Israel says Iran war requires '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 war effort.Israel's cabinet on Tuesday approved boosting defen...Reuters
Wed, Mar 11
TREASURIES-Yields climb on oil-driven inflation concerns
Oil prices drive inflation fears, impacting Fed rate cut expectationsIran warns of $200 oil amid Gulf tensions, affecting economic growthFed fund futures show reduced rate cut expectations for 2026By Karen Brettell NEW YORK, March 11 (Reuters) - U.S. Treasury yields rose on Wednesday as higher oi...Reuters
Wed, Mar 11
REFILE-Carney on verge of majority in Canada parliament after opposition MP defects
OTTAWA, March 11 (Reuters) - Canadian Prime Minister Mark Carney on Wednesday moved closer to a parliamentary majority that could help him counter U.S. tariffs when an opposition legislator joined the ruling Liberals.The centrist Liberals, governing with a minority after an election last April, need...Reuters
Wed, Mar 11
Fed: Cautious stance with inflation risks – Commerzbank
Commerzbank’s Senior Economist Dr. Christoph Balz notes that US CPI data for February show moderate inflation, but stresses that the Federal Reserve is more focused on the PCE deflator and the impact of higher energy prices following the war with Iran.Fxstreet
Wed, Mar 11
Paraguay's growth story meets everyday realities ahead of IDB meetings
By Daniela Desantis and Lucinda Elliott ASUNCION, March 11 (Reuters) - Paraguay is expected to tout an improved credit profile and economic momentum at multilateral lender IDB's annual meeting this week but nationwide blackouts and local debt woes have sparked concern about realities on the g...Reuters
Wed, Mar 11
EM: Broad liquidation and safe-haven bid – BNY
BNY’s Head of Markets Macro Strategy Bob Savage reports a synchronized selloff in EM sovereign debt as risk aversion rises with the Iran conflict. EM fixed income is seeing widespread net selling, while U.S. Treasuries, Bunds and other high-quality G10 assets benefit.Fxstreet
Wed, Mar 11
Brazil retail sales beat forecasts in January
SAO PAULO, March 11 (Reuters) - Brazil's retail sales volumes exceeded expectations and returned to positive territory in January, data from government statistics agency IBGE showed on Wednesday, despite high interest rates.Sales were up 0.4% in January from the previous month, while economists ...Reuters
Wed, Mar 11
