News
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Kremlin: Need to hear from US before commenting on the acceptability of a ceasefire for Russia
The Kremlin said in a statement on Wednesday, “we need to hear from US National Security Advisor Mike Waltz and Secretary of State Marco Rubio before we will comment on the acceptability of a ceasefire for Russia.” Additional takeaways A call between Trump and Putin can be organised "very fast" if needed Carefully studying statements issued after US-Ukraine talks.Fxstreet
Wed, Mar 12
Bank of Canada likely to cut rates 25 bps to cushion economy from tariffs
By Promit Mukherjee OTTAWA, March 12 (Reuters) - The Bank of Canada will likely cut its benchmark rate by a quarter point on Wednesday to cushion the economy against U.S. tariffs, several economists said.If the BoC delivers the 25-basis-point cut, it will be the bank's seventh consecutive red...Reuters
Wed, Mar 12
Trump’s Recession Odds: 50-50? U.S. 2025 GDP Growth Might Slip to 1% Range
TradingKey – Less than eight weeks into Trump’s return to the White House, fears of a U.S. economy have surged. Yet the economic landscape he inherited appears relatively strong: inflation has cooled from previous highs, unemployment rate remains low, and his policies seem poised to disrupt the...TradingKey
Wed, Mar 12
Will Japanese Authorities Intervene as Japanese Government Bond Yields Soar to a 2006 High?
TradingKey - Japan's spring wage negotiations (Shunto) and inflation rate continue to bolster the prospects of the Bank of Japan raising interest rates. Following the 10-year Japanese government bond yield rising to its 2008 high, the yield on 30-year Japanese government bonds has also climbed to...
Lagarde speech: Cannot ensure that inflation will always be at 2%
European Central Bank (ECB) President Christine Lagarde said on Wednesday that they cannot ensure that inflation will always be at 2% but added that they must set the monetary policy so it converges to 2%, per Reuters.Fxstreet
Wed, Mar 12
J.P. Morgan economist sees 40% US recession chance and risks to 'exorbitant privilege'
Recession risk to rise if Trump imposes reciprocal tariffs - JPMPerception of US can diminish attraction of US assets - JPM SINGAPORE, March 12 (Reuters) - There is about a 40% chance of a U.S. recession this year and a risk of lasting damage to the country's standing as an investment destina...Reuters
Wed, Mar 12
UK’s Reynolds: Negotiating a wider economic agreement to eliminate additional tariffs.
UK Trade Minister Jonathan Reynolds said on Wednesday that they are “negotiating a wider economic agreement to eliminate additional tariffs.” Further comments It's disappointing that the US has imposed global tariffs on steel and aluminum.Fxstreet
Wed, Mar 12
Japan's wholesale inflation hits 4%, keeps BOJ rate-hike bets alive
February wholesale inflation matches forecast, slows from JanuarySpike in food costs somewhat offsets fuel subsidy impactYen-based import prices fall 0.7% yr/yr in FebruaryData underscores sustained inflationary pressureBy Leika Kihara TOKYO, March 12 (Reuters) - Japan's annual wholesale infl...Reuters
Wed, Mar 12
PM Albanese: Retaliatory measures would only increase costs for Australian consumers and fuel inflation
Australia’s Prime Minister (PM) Albanese said on Wednesday that “retaliatory measures would only increase costs for Australian consumers and fuel inflation.” PM Albanese confirmed that “Australia will not impose reciprocal tariffs on the United States (US).” His comments come after US President Donald Trump proceeded with 25% tariffs on all imported steel and aluminium.
Fxstreet
Wed, Mar 12
