News
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US crude and fuel stockpiles rise on lower demand, EIA says
By Liz Hampton and Georgina McCartneyOct 1 (Reuters) - U.S. crude oil, gasoline and distillate inventories rose last week as refining activity and demand softened, the Energy Information Administration said on Wednesday.Crude inventories rose by 1.8 million barrels to 416.5 million barrels in the we...Reuters
Wed, Oct 1
US crude, gasoline and distillate inventories rise - EIA
U.S. crude stocks, gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday.Crude inventories rose by 1.8 million barrels to 416.5 million barrels in the week ended September 26, the EIA said, compared with analysts' expectations in a Reuters po...Reuters
Wed, Oct 1
US manufacturing eyes recovery in September, orders contract
WASHINGTON, Oct 1 (Reuters) - U.S. manufacturing edged toward recovery in September, though new orders and employment were subdued as factories continued to grapple with the fallout from tariffs on imports. The Institute for Supply Management (ISM) said on Wednesday its manufacturing PMI increased t...Reuters
Wed, Oct 1
TREASURIES-US yields fall on labor market concerns, government shutdown angst
Private employment decreased by 32,000 jobs in SeptemberGovernment shutdown threatens federal jobs, data delaysBets on October rate cut gain momentumBy Davide Barbuscia NEW YORK, Oct 1 (Reuters) - U.S. Treasury yields fell on Wednesday as private jobs data continued to point to mounting weakness ...Reuters
Wed, Oct 1
Tesla's sales rise in parts of Europe, faces mounting pressure from rivals
Tesla's September sales up 2.7% in France, up 20.5% in DenmarkIts sales continued to rise in Norway, Spain, and fall in SwedenCompany struggling with rising competition, backlash vs Musk By Nick Carey and Jesus Calero LONDON, Oct 1 (Reuters) - Tesla's TSLA.O sales rose in several Europea...Reuters
Wed, Oct 1
Canadian manufacturing PMI falls in September as downturn deepens
By Fergal Smith TORONTO, Oct 1 (Reuters) - Canada's manufacturing sector contracted at a steeper pace in September as an uncertain trading environment weighed on production and new orders, data showed on Wednesday.The S&P Global Canada Manufacturing Purchasing Managers' Index (PMI) fe...Reuters
Wed, Oct 1
US private payrolls decline in September
WASHINGTON, Oct 1(Reuters) - U.S. private payrolls dropped in September, the ADP employment report showed on Wednesday. Private employment decreased by 32,000 jobs last month after a downwardly revised 3,000 decline in August, the ADP National Employment Report showed on Wednesday. Economists ...Reuters
Wed, Oct 1
German government looks to AI and cutting red tape to revive economy
'Modernisation agenda' includes AI tools for courts and visasCutting red tape by 25% could save 16 billion euros, agenda saysCabinet approves measures on nuclear fusion and hydrogen By Miranda Murray BERLIN, Oct 1 (Reuters) - German Chancellor Friedrich Merz vowed on Wednesday to make Eur...Reuters
Wed, Oct 1
FACTBOX-US government shutdown: How it affects key economic data publishing
Oct 1 (Reuters) - The U.S. government shut down much of its operations on Wednesday after Republicans and Democrats failed to reach an agreement to extend funding past a midnight deadline, a closure that will shut off the flow of key economic data at a moment of uncertainty among policym...Reuters
Wed, Oct 1
USD/CNH is expected to consolidate between 7.1210 and 7.1380 – UOB Group
US Dollar (USD) is expected to consolidate between 7.1210 and 7.1380. 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
Wed, Oct 1
Euro zone yields little changed after US shutdown, eye Treasuries for direction
Eurozone government bond yields little changedInvestors watch U.S. Treasuries amid government shutdownGermany’s 10-year Bund yields roughly unchanged at 2.02%By Stefano Rebaudo Oct 1 (Reuters) - Euro zone government bond yields were little changed, with investors closely watching moves in U.S. Tr...Reuters
Wed, Oct 1
