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Eurozone: Energy shock risks and softer inflation dynamics – BNP Paribas
BNP Paribas analysts assess how the new energy shock from war in Iran and higher Oil and gas prices compares with 2022 for the Eurozone. They argue the current backdrop is less inflationary, with weaker demand and fewer supply constraints, and central banks now more reactive.Fxstreet
12 minutes ago
Ford posts weaker first-quarter US auto sales on affordability concerns
April 2 (Reuters) - Ford Motor F.N reported a near 9% drop in first-quarter U.S. sales on Thursday, as the auto industry grapples with persistent affordability pressures. Higher borrowing costs, elevated sticker prices and the absence of federal tax credits for electric vehicles have dampened de...Reuters
14 minutes ago
US trade deficit widens in February as imports offset record exports
WASHINGTON, April 2 (Reuters) - The U.S. trade deficit widened in February as a rebound in imports offset strong growth in exports, which increased to a record high, potentially keeping trade on track to subtract from economic growth in the first quarter.The trade gap increased 4.9% to $57.3 billion...Reuters
19 minutes ago
Canada's February trade deficit surges to a six-month high on gold imports
Proportion of exports to US hits record lowTrade deficit in February was at C$5.74 billion Imports surged by 8.4% while exports rose by 6.4%By Promit MukherjeeOTTAWA, April 2 (Reuters) - Canada's merchandise trade deficit came in much wider than expected in February, data showed on Thursday, as ...Reuters
53 minutes ago
INR: RBI Clamps down on NDFs as structural headwinds persist – Societe Generale
Societe Generale analysts note the RBI has barred banks from offering INR NDFs to residents and non-residents to curb speculation, but they argue Rupee headwinds remain structural, tied to FPI outflows, Oil shock dynamics and slowing domestic growth, with 10-year yields seen heading toward 7.20–7.25Fxstreet
54 minutes ago
US weekly jobless claims fall as layoffs remain low
WASHINGTON, April 2 (Reuters) - New applications for U.S. unemployment benefits fell last week amid low layoffs, suggesting labor market conditions remained calm in March, though economists have warned that a prolonged war in the Middle East posed a downside risk.Initial claims for state unemploymen...Reuters
an hour ago
BoC: Dovish patience with geopolitical risks – TD Securities
TD Securities analysts characterize the Bank of Canada’s (BoC) March Summary of Deliberations as slightly dovish, consistent with the March 18 decision. They stress patience, citing inflation near target, weaker GDP, housing softness and labour market headwinds.Fxstreet
an hour ago
FACTBOX-Major brokerages expect ECB rate hikes, delayed BoE cuts as inflation risks rise
April 2 (Reuters) - Global brokerages are increasingly betting the European Central Bank could raise rates as early as April, while pushing back rate-cut expectations for the Bank of England, after policymakers warned the U.S.-Israeli war on Iran is stoking inflation risks.BofA Global Research becam...Reuters
2 hours ago
Africa risks losing 0.2 percentage points of GDP in 2026 if Iran war drags on, report says
TANGIER, Morocco, April 2 (Reuters) - African economies could lose 0.2 percentage points of GDP growth in 2026 if the war in the Gulf exceeds six months, according to a report released on Thursday by two U.N. agencies, the African Union and the African Development Bank. "The longer the conflict...Reuters
2 hours ago
