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TREASURIES-US yields rise after better than expected manufacturing report
ISM manufacturing PMI beats forecasts, but production and export orders declineTariffs strain supply chains and elevate input prices, delaying potential Fed rate cutsFed funds futures show 68% chance of June rate cut, 7% for May meetingBy Karen Brettell May 1 (Reuters) - Longer-dated U.S. Treasur...Reuters
Thu, May 1
Gloomy retail earnings show consumers are feeling the pinch of US tariffs
By Sruthi Shankar May 1 (Reuters) - Lackluster quarterly results from consumer-facing companies including McDonald's MCD.N and Harley-Davidson HOG.N are the latest sign that American shoppers are curbing spending amid shifting U.S. trade policies.McDonald's MCD.N posted a surprise decline...Reuters
Thu, May 1
Singapore PM asks voters to re-elect ministers who face rare close races
PM Wong urges voters to stick with his team in face of US tariffs, US-China tensionsLast day of campaigning ahead of May 3 electionSix parties and one independent candidate hold final ralliesBy Xinghui Kok SINGAPORE, May 1 (Reuters) - Singaporean Prime Minister Lawrence Wong called on Thursday fo...Reuters
Thu, May 1
USD/CAD ticks higher around 1.3820 despite USD Index gains sharply
The USD/CAD pair edges higher to near 1.3820 during North American trading hours on Thursday. The Loonie pair moves slightly higher despite the US Dollar (USD) has attracted significant bids after the release of the United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI) data.
Fxstreet
Thu, May 1
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
Thu, May 1
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
Thu, May 1
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
Thu, May 1
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
Thu, May 1
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
Thu, May 1
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
Thu, May 1
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