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TREASURIES-US yields sink as weak jobs data fuels Fed rate cut bets
Weak jobs data leads to four-month low in Treasury yieldsADP report shows private payrolls rose less than expectedFed rate cut expected with 97% probability, futures indicateBy Gertrude Chavez-Dreyfuss NEW YORK, Sept 4 (Reuters) - U.S. Treasury yields fell on Thursday, with those on two-year and ...Reuters
16 minutes ago
US trade deficit widens in July on soaring imports
WASHINGTON, Sept 4 (Reuters) - The U.S. trade deficit widened sharply in July as record inflows of capital and other goods boosted imports, a trend that if sustained could see trade subtracting from gross domestic product in the third quarter.The trade gap ballooned 32.5% to $78.3 billion, the Comme...Reuters
25 minutes ago
Canada's services PMI dips in August as tariff uncertainty clips activity
By Fergal Smith TORONTO, Sept 4 (Reuters) - Canada's services economy contracted for a ninth straight month in August as uncertainty over U.S. tariffs weighed on export sales and business confidence, S&P Global's Canada services PMI data showed on Thursday.The headline Business Activi...Reuters
30 minutes ago
US second-quarter worker productivity revised sharply higher
WASHINGTON, Sept 4 (Reuters) - U.S. worker productivity grew faster than initially thought in the second quarter, curbing the rise in labor costs.Nonfarm productivity, which measures hourly output per worker, increased at a 3.3% annualized rate last quarter, the Labor Department's Bureau of Labo...Reuters
an hour ago
TREASURIES-US yields dip as soft labor market data backs Fed easing
NEW YORK, Sept 4 (Reuters) - U.S. Treasury yields slipped on Thursday after data showed a weakening labor market that affirmed expectations the Federal Reserve will resume cutting interest rates at its policy meeting later this month.U.S. private payrolls increased less than expected in August, risi...Reuters
an hour ago
Canada's trade deficit in July narrows as exports to the US rise
Merchandise trade deficit at C$4.94 billion in JulyTrade surplus with the U.S. up 80% to C$6.7 billionOverall exports rose by 0.9% to C$61.86 billion By Promit MukherjeeOTTAWA, Sept 4 (Reuters) - Canada's trade deficit narrowed in July as overall exports rose, especially driven by outbound ship...Reuters
an hour ago
Challenger Job Cuts Hit Highest August Level in 5 Years, Hiring Plans at Record Low
TradingKey - After Wednesday’s weaker-than-expected JOLTS job openings data, another employment report has painted a bleak picture of the U.S. labor market: Challenger August job cuts reached the highest level since 2020, while announced hiring plans hit the weakest level ever recorded for the monthTradingKey
2 hours ago
