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Mexico's Sheinbaum says she spoke to Trump about trade balance in 'very positive' conversation
MEXICO CITY, May 1 (Reuters) - Mexican President Claudia Sheinbaum said on Thursday that she had a "very positive" conversation with her U.S. counterpart Donald Trump.In a post on X, Sheinbaum said that the two agreed that the countries' top finance, treasury, trade and economy officials...Reuters
23 hours ago
US construction spending falls in March
WASHINGTON, May 1(Reuters) - U.S. construction spending unexpectedly fell in March amid broad declines in outlays on private and public projects.The Commerce Department's Census Bureau said on Thursday that construction spending dropped 0.5% after a slightly downwardly revised 0.6% increase in ...Reuters
23 hours ago
US ISM Manufacturing PMI declines to 48.7 in April vs. 48 expected
The business activity in the United States (US) manufacturing sector continued to contracted in April, with the ISM Manufacturing Purchasing Managers Index (PMI) edging lower to 48.7 from 49 in March. This reading came in better than the market expectation of 48.Fxstreet
23 hours ago
US manufacturing sectors slump deepens in April
WASHINGTON, May 1 (Reuters) - U.S. manufacturing contracted further in April while tariffs on imported goods were straining supply chains, keeping prices paid for inputs elevated.The Institute for Supply Management (ISM) said on Thursday that its manufacturing PMI dropped to a five-month low of 48.7...Reuters
23 hours ago
Builders FirstSource cuts 2025 revenue forecast on weak housing demand
May 1 (Reuters) - Builders FirstSource BLDR.N on Thursday trimmed its annual revenue forecast, after reporting a decline in first-quarter profit and sales due to persistently weak housing construction as well as affordability issues.Elevated mortgage rates and tariff-driven macroeconomic uncertainty...Reuters
23 hours ago
Canadian factory PMI hits near five-year low on tariff uncertainty
By Fergal Smith TORONTO, May 1 (Reuters) - Canadian manufacturing activity contracted in April at the steepest rate since shortly after the start of the COVID-19 pandemic as the uncertain nature of U.S. trade policy weighed on production and new orders.The S&P Global Canada Manufacturing Purc...Reuters
23 hours ago
Ford's April US sales rise 16%
May 1 (Reuters) - Ford Motor F.N on Thursday reported a 16% rise in U.S. auto sales for April, aided by strong truck demand and its employee pricing program.Demand for vehicles has remained strong, with consumers trying to quickly snap up vehicles before prices potentially surge after U.S. President...Reuters
Thu, May 1
Box maker Smurfit Westrock's US orders steadying after rocky six weeks
DUBLIN, May 1 (Reuters) - U.S. order books at the world's largest cardboard box maker Smurfit Westrock SW.N are steadying after "a lot of weakness" in March and early April amid falling consumer confidence, chief executive Tony Smurfit said on Thursday. Smurfit said the Ireland-headquart...Reuters
Thu, May 1
Haleon forecasts medium-term profit to grow by high single-digits percentage
Expects 800 million pounds in productivity savings over five yearsJefferies analysts predict 5% lift to 2027 earnings consensusShares rise nearly 4%By Pushkala Aripaka May 1 (Reuters) - Sensodyne toothpaste maker Haleon HLN.L on Thursday forecast high single-digit percentage growth in its profit ...Reuters
Thu, May 1
US weekly Initial Jobless Claims rise to 241K vs. 224K expected
There were 241,000 initial jobless claims in the week ending April 26, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 223,000 (revised from 222,000) and came in worse than the market expectation of 224,000.Fxstreet
Thu, May 1
US weekly jobless claims increase more than expected
WASHINGTON, May 1 (Reuters) - The number of Americans filing new applications for unemployment benefits increased more than expected last week, potentially hinting at a pick-up in layoffs from tariffs, which weighed on the economy in the first quarter.Initial claims for state unemployment benefits j...Reuters
Thu, May 1
US Treasury Sec. Bessent: Two-year yields below federal funds rate is signal that Fed should cut rates
United States (US) Treasury Secretary Scott Bessent told Fox Business Network on Thursday the fact that the two-year US Treasury bond yield is below the federal funds rate is a signal that the Federal Reserve (Fed) should cut rates, per Reuters.Fxstreet
Thu, May 1
RPT-BREAKINGVIEWS-US economic stall hints at a freefall to come
By Gabriel Rubin WASHINGTON, April 30 (Reuters Breakingviews) - Though he wasn’t even president for the entire quarter, the first official report on the health of the U.S. economy in 2025 bears the unmistakable imprint of Donald Trump. An estimated 0.3% annualized decline in gross domestic produc...Reuters
Thu, May 1
Morning News Call - Canada, May 1
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageECONOMIC EVENTS0930 S&P Glo...Reuters
Thu, May 1
USD/JPY Price Forecast: Refreshes almost three-week high near 145.00
The USD/JPY pair surges almost 0.8% to near 144.80 during European trading hours on Thursday. The pair strengthens as the Japanese Yen (JPY) underperforms across the board, with the Bank of Japan (BoJ) indicating delay in plans of more interest rate hikes.
Fxstreet
Thu, May 1