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Bank of Canada holds rates, says economy looks better than expected despite tariffs
The Bank of Canada holds rates steady at 2.25% as expectedMacklem says economy was proving more resilient to tariffs Macklem reiterates policy rate at about the right levelU.S. Federal Reserve likely to announce rate cut on WednesdayBy Promit Mukherjee and David LjunggrenOTTAWA, Dec 10 (Reuters) - T...Reuters
48 minutes ago
WRAPUP 2-US labor cost growth moderates in third quarter amid easing labor market conditions
Employment cost index increases 0.8% in third quarterQuarterly wage growth slows, but annual gains remain solidGovernment shutdown reduced data collection rate for reportBy Lucia Mutikani WASHINGTON, Dec 10 (Reuters) - U.S. labor costs increased slightly less than expected in the third quarter as...Reuters
57 minutes ago
Switzerland says lower US tariffs to be applied retroactively from Nov 14
ZURICH, Dec 10 (Reuters) - The lowering of U.S. tariffs on Switzerland to 15% from 39% will be effective retroactively from November 14, the Swiss government said on Wednesday, delivering relief to businesses that had been saddled with the highest U.S. duties in Europe.On November 14, the United Sta...Reuters
an hour ago
Switzerland says lower U.S. tariffs to be applied retroactively from November 14
ZURICH, Dec 10 (Reuters) - The lowering of U.S. tariffs on Switzerland to 15% from 39% will be effective retroactively from November 14, the Swiss government said on Wednesday, delivering relief to businesses that had been saddled with the highest U.S. duties in Europe.On November 14, the United Sta...Reuters
an hour ago
US crude stocks fall, fuel inventories rise, EIA says
HOUSTON, Dec 10 - U.S. crude inventories fell, while gasoline and distillates stockpiles rose last week, the Energy Information Administration said on Wednesday.Crude inventories fell by 1.8 million barrels to 425.7 million barrels in the week ended December 5, the EIA said, compared with analysts&#...Reuters
2 hours ago
TREASURIES-US yields edge lower with Fed statement on deck
Fed expected to cut rates by 25 basis pointsGlobal yields rise as central banks near end of easing cyclesUS labor costs rise slightly less than expectedBy Chuck Mikolajczak NEW YORK, Dec 10 (Reuters) - U.S. Treasury yields slipped on Wednesday, ahead of a policy announcement by the Federal Reserv...Reuters
2 hours ago
WRAPUP 2-Fed expected to lower rates, but may signal a coming pause
Financial markets expect quarter-percentage-point rate cut Fed divide over future rate reductions may spur hawkish turnPolicy statement, updated economic projections due at 2 p.m. EST (1900 GMT)Smaller-than-expected rise in labor costs may bode well for inflation outlookBy Howard Schneider WASHIN...Reuters
2 hours ago
US labor costs growth slows in third quarter
WASHINGTON, Dec 10 (Reuters) - U.S. labor costs increased slightly less than expected in the third quarter as a softening labor market curbed wage growth, which bodes well for services inflation.The Employment Cost Index (ECI), the broadest measure of labor costs, rose 0.8% in the last quarter, afte...Reuters
4 hours ago
POLL-US home price rises to stay modest as mortgage rates stick
cpurl://apps.cp./cms/?pageId=house-poll poll dataBy Sarupya Ganguly BENGALURU, Dec 10 (Reuters) - U.S. home prices will rise just 1.4% in 2026 after a similar performance this year, a Reuters poll of property experts showed on Wednesday, the slowest annual pace in 14 years despite expectations fo...Reuters
4 hours ago
Brazil's annual inflation slows to lowest in over a year before rate decision
SAO PAULO, Dec 10 (Reuters) - Brazil's 12-month inflation slowed in November to its lowest level in more than a year, data from statistics agency IBGE showed on Wednesday, undershooting market forecasts ahead of the central bank's final policy decision of 2025.Annual inflation in Latin Ameri...Reuters
4 hours ago
POLL-ECB to stay on hold through end of 2026 on expected stable economic outlook
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=EUECBD%3DECI ECB interest rate forecastsreuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=EUGDPQAP GDP forecastsBy Hari Kishan and Pranoy Krishna BENGALURU, Dec 10 (Reuters) - The European Central Bank will le...Reuters
4 hours ago
Germany's VCI expects chemical industry to stagnate in 2026
By Ozan Ergenay and Anastasiia Kozlova Dec 10 (Reuters) - German chemicals lobby group VCI expects orders and sales to stagnate next year, hampered by uncompetitive production costs, high regulatory uncertainty and a slow approval process.The association, which represents around 2,300 companies,...Reuters
5 hours ago
IMF urges China to take the 'brave choice': curb exports, boost consumption
IMF raises China 2025, 2026 growth forecast to 5%, 4.5%Presses world's No.2 economy to speed up structural reformsPushes policymakers to solve local govt debt, property crisesShift from export-led to consumption-driven model key, IMF MDBy Joe Cash BEIJING, Dec 10 (Reuters) - The International...Reuters
5 hours ago
