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Venezuela legislature approves mining law in initial vote
Draft law allows foreign, domestic firms to exploit gold, diamonds, rare earthsNew law is latest in package of US-backed changes following removal of President MaduroAt least one opposition party abstains due to lack of review time March 9 (Reuters) - Venezuela's ruling party-controlled Natio...Reuters
Mon, Mar 9
China: Growth set to slow slightly into 2027 – Danske Bank
Danske Research Team expects China to maintain its two-speed pattern, with weak domestic demand and strong exports and technology. They project Gross Domestic Product growth of 5% in 2025, easing to 4.8% in 2026 and 4.7% in 2027.Fxstreet
Mon, Mar 9
Venezuela acting government sends mining reform bill to legislature
March 9 (Reuters) - Venezuela's acting government on Monday sent a mining regulation proposal to the country's ruling-party controlled national assembly, the latest salvo in a package of U.S. backed changes meant to open the economy to foreign investment in oil and minerals. The administrati...Reuters
Mon, Mar 9
CNY: Inflation recovery supports modest gains – Commerzbank
Commerzbank’s Volkmar Baur sees growing evidence that China is exiting deflation, with consumer prices up 1.3% year-on-year in February and producer prices turning higher month-on-month. Rising services and food prices underpin this shift.
Fxstreet
Mon, Mar 9
Fed Chair Powell held 13 calls with US lawmakers in week after DOJ probe disclosure
March 9 (Reuters) - Federal Reserve Chair Jerome Powell had a flurry of calls with U.S. lawmakers in the week following his January 11 disclosure of a Department of Justice investigation into his statements to Congress, his calendar shows.The calendar notations did not indicate the content of the 13...Reuters
Mon, Mar 9
Global bonds slide as oil surge stokes rate-hike bets
Investors wary of inflation risks as oil prices surgeTraders price in rate hikes from ECBUS rate futures price in just one full cut from FedAnalysts, investors say positioning shifts exacerbate movesG7 says prepared to undertake measures to address surging oilBy Yoruk Bahceli, Ankur Banerjee and Ger...Reuters
Mon, Mar 9
US Senator urges BLS to analyze inflation impact of Middle East conflict
WASHINGTON, March 9 (Reuters) - Democratic U.S. Senator Edward Markey on Monday asked the Bureau of Labor Statistics to produce and publish a comprehensive analysis of the likely impact on inflation from the Middle East conflict, which has caused a surge in oil prices.In a letter to the BLS acting C...Reuters
Mon, Mar 9
TREASURIES-Yields ease as oil trims gains, Trump touts Iran war progress
Oil prices surge to over $119 a barrel amid supply cutsFed funds futures show 77% odds of rate cut in JulyTreasury to auction $119 billion in coupon-bearing debt this weekBy Karen Brettell NEW YORK, March 9 (Reuters) - U.S. Treasury yields eased on Monday after oil prices trimmed their earlier su...Reuters
Mon, Mar 9
G7 ministers did not discuss detailed conditions for release of oil reserves
BRUSSELS, March 9 (Reuters) - Group of Seven finance ministers during the call on Monday did not discuss specific market conditions that would be needed to trigger the release of strategic oil reserves, European Economic Commissioner Valdis Dombrovskis said. "We didn't have detailed disc...Reuters
Mon, Mar 9
TREASURIES-Treasury yields ease from highs but inflation fears linger
Oil prices surge to over $119 a barrel amid supply cutsFed funds futures show 67% odds of rate cut in JulyTreasury to auction $119 billion in coupon-bearing debt this weekBy Karen Brettell NEW YORK, March 9 (Reuters) - U.S. Treasury yields pulled back from Monday's highs after oil prices trim...Reuters
Mon, Mar 9
What to Watch in the Day Ahead - Tuesday, March 10
On the U.S. economic front, the National Association of Realtors is expected to report existing home sales, which likely rose to a seasonally adjusted annual rate of 3.89 million units in February after rising to 3.91 million units in January. Also, the National Federation of Independent Business is...Reuters
Mon, Mar 9
Singapore Exchange to launch Asian government bond futures amid geopolitical turmoil
By Anirban Sen and Pritam Biswas March 9 (Reuters) - Singapore Exchange SGXL.SI will roll out Asian government bond futures in the coming weeks, CEO Loh Boon Chye said on Monday, as investors increasingly turn to hedging tools amid market strains fueled by rising geopolitical tensions.The decisio...Reuters
Mon, Mar 9
UK seeks to limit economic hit from Iran as borrowing costs jump
UK borrowing costs surge on rising energy pricesFinance minister calls for release of IEA oil reservesPM Starmer says risk of economic damage is growingHousehold energy bill cap could cost 9 billion pounds, Citi saysDeutsche Bank sees near 0.5% hit to UK GDP, 1% boost to inflationBy Sam Tabahriti an...Reuters
Mon, Mar 9
CEE FX: Oil-driven stress and EUR/HUF focus – ING
ING’s Frantisek Taborsky argues that Central and Eastern European markets remain highly exposed to the US–Iran conflict and rising Oil prices. While local data from Hungary, Turkey and Poland are due, he expects geopolitics to dominate.Fxstreet
Mon, Mar 9
Canada: Modest February rebound expected labour market – NBC
National Bank of Canada (NBC) economists Alexandra Ducharme and Jocelyn Paquet expect Canada’s February Labour Force Survey to show a 10K employment gain after January’s decline, but projects the unemployment rate rising to 6.7% as participation ticks up to 65.2%.Fxstreet
Mon, Mar 9
Euro zone bonds recover slightly as oil prices retreat from highs
Oil price retreats from highs, eases bond yield pressureGeopolitical tensions affect inflation and rate outlookCentral banks face challenges with rate decisionsBy Niket Nishant LONDON, March 9 (Reuters) - Germany's 10-year bond recovered from a sharp selloff on Monday as oil prices retreated...Reuters
Mon, Mar 9
