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TREASURIES-Yields mixed on profit taking, rate cut expectations stay high
Fed's Cook files lawsuit to stop Trump's attempt to fire herTraders expect fed funds rate to fall close to 3% areaTreasury sees decent demand for $44 bln 7-year note auctionBy Karen Brettell NEW YORK, Aug 28 (Reuters) - U.S. Treasury yields were mixed on Thursday as some investors took pr...Reuters
17 minutes ago
Brazil's government deficit jumps in July, 12-month deficit misses target
BRASILIA, Aug 28 (Reuters) - Brazil's government posted a primary budget deficit of 59.124 billion reais ($10.9 billion) in July, Treasury data showed on Thursday, more than six times the deficit from the year-earlier period but close to analysts' estimates. The increase stemmed from a 28.3%...Reuters
44 minutes ago
WRAPUP 2-US second-quarter GDP revised higher as businesses boost investment in AI
Second-quarter GDP growth upgraded to 3.3% paceInvestment in AI, consumer spending drives upward revisionWeekly jobless claims fall 5,000 to 229,000By Lucia Mutikani WASHINGTON, Aug 28 (Reuters) - The U.S. economy grew faster than initially thought in the second quarter, in part driven by busines...Reuters
an hour ago
Brazil's central government posts $10.9 billion primary deficit in July
BRASILIA, Aug 28 (Reuters) - Brazil's central government posted a primary budget deficit of 59.124 billion reais ($10.9 billion) in July, Treasury data showed on Thursday.The 12-month deficit reached 34.1 billion reais, equivalent to 0.3% of gross domestic product, the data showed. The governmen...Reuters
2 hours ago
WRAPUP 4-Canada's TD Bank, CIBC beat profit expectations on lower loan loss provisions
TD, CIBC beat profit forecasts on lower than expected loan loss provisionsDomestic banking businesses show strong growth Banks remain cautious on trade uncertainty Results wrap Canadian bank Q3 earnings By Nivedita Balu and Ateev Bhandari Aug 28 (Reuters) - Canadian lenders TD Bank TD.TO and CIBC...Reuters
4 hours ago
TREASURIES-Two-year yields stay close to lows as traders prepare for rate cuts
Fed's Cook files lawsuit to stop Trump's attempt to fire herTraders expect fed funds rate to fall close to 3% areaTreasury to sell $44 bln 7-year notes on ThursdayBy Karen Brettell NEW YORK, Aug 28 (Reuters) - Interest rate-sensitive two-year yields rose on Thursday but held near an almos...Reuters
5 hours ago
US pending home sales ease in July
WASHINGTON, Aug 28 (Reuters) - Contracts to buy previously owned U.S. homes fell more than expected in July as higher mortgage rates and a slowing labor market sidelined prospective homeowners. The National Association of Realtors said on Thursday pending home sales, based on signed contracts, s...Reuters
5 hours ago
US corporate profits rebound in second quarter; GDP growth revised higher
Caterpillar warns tariffs may cost up to $1.5 billion this yearGDP growth not reflective of true economic health due to import swingsBy Lucia Mutikani WASHINGTON, Aug 28 (Reuters) - U.S. corporate profits rebounded in the second quarter, but tariffs on imports are raising costs for businesses, wh...Reuters
6 hours ago
US economy grows 3.3% in Q2 vs. 3.1% expected
The United States' Gross Domestic Product expanded at an annual rate of 3.3% in the second quarter, the US Bureau of Economic Analysis (BEA) announced on Thursday. This print came in better than the initial estimate and the market expectation of 3% and 3.1%, respectively.Fxstreet
7 hours ago
US weekly jobless claims fall amid low layoffs
WASHINGTON, Aug 28 (Reuters) - The number of Americans filing new applications for jobless benefits fell last week, but tepid hiring could raise the unemployment rate to 4.3% in August. Initial claims for state unemployment benefits decreased 5,000 to a seasonally adjusted 229,000 for the week e...Reuters
7 hours ago
