News
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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
Kimco Realty lifts 2025 funds from operations forecast on leasing demand
May 1 (Reuters) - Commercial real estate investment trust Kimco Realty KIM.N on Thursday raised its forecast for annual funds from operations, after beating first-quarter revenue estimates on steady demand at its grocery-anchored shopping centers.The company expects its full-year funds from operatio...Reuters
Thu, May 1
US announced job cuts decline in April, recruitment firm Challenger says
WASHINGTON, May 1 (Reuters) - Layoffs announced by U.S. employers dropped in April, but companies remained resistant to boost hiring amid an uncertain economic outlook because of tariffs.Global outplacement firm Challenger, Gray & Christmas said on Thursday that planned job cuts fell 62% to 105,...Reuters
Thu, May 1
Linde forecasts second-quarter profit below estimate on weakness in European market
May 1 (Reuters) - Linde LIN.DE, the world's largest industrial gases company, forecast second-quarter adjusted earnings below analysts' expectations on Thursday, citing macroeconomic headwinds and weak demand in the European markets.Chemical companies in Europe have been grappling with slowi...Reuters
Thu, May 1
AUD/USD falls to near 0.6380 despite robust Australian Trade Balance data
The AUD/USD pair is down 0.3% to near 0.6380 in Thursday’s European session. The Aussie pair trades back-and-forth around 0.6400 from over a week, with investors seeking clarity on when the United States (US)-China trade war will resolve.
Fxstreet
Thu, May 1
UK net mortgage lending surged by most since 2021 ahead of tax break expiry
LONDON, May 1 (Reuters) - British homebuyers increased their mortgage borrowing by the most in nearly four years in March as they rushed to beat the end of a tax break but Bank of England data published on Thursday also showed signs of caution among consumers.Net mortgage borrowing rose by 12.963 bi...Reuters
Thu, May 1
BOJ holds rates, slashes forecasts – Yen falls – BBH
As was widely expected, the Bank of Japan (BOJ) left the policy rate unchanged at 0.50%. The decision was unanimous. The BOJ also reiterated its hawkish guidance that it will continue to raise the policy rate if the outlook for economic activity and prices will be realized.Fxstreet
Thu, May 1
Tesla sales sink again in France, Denmark amid anti-Musk protests
Tesla sales dropped 59.4% year-on-year in France last monthIts sales fell 67.2% year-on-year in DenmarkAgeing line-up, competition, anti-Musk protests hitting sales May 1 (Reuters) - Tesla sales fell in France for a fourth straight month in April and also dropped in Denmark, data showed on Thurs...Reuters
Thu, May 1
GBP: On the lookout for warmer European relations – ING
In the UK today, we have local council elections. These normally present an opportunity for voters to punish the ruling party. However, in today's case, the opposition Conservative party seemingly has more to lose, given it has far more councillors up for re-election.
REFILE-Cost of living is a key issue as Singaporeans head to May 3 election
Slowing economy, risk of recession hang over May 3 electionVoters concerned over cost of living, housing availabilitySingapore named 2024 most expensive city to liveBy Jun Yuan Yong and Bing Hong Lok SINGAPORE, May 1 (Reuters) - When 68-year-old Richard Han heads to the ballot box on Saturday ...Reuters
Thu, May 1