News
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Morgan Stanley, Deutsche Bank expect three US interest rate cuts this year
By Joel Jose and Akriti Shah Sept 12 (Reuters) - Morgan Stanley and Deutsche Bank expect the U.S. Federal Reserve to deliver interest rate cuts at all its three meetings this year, following data this week showing more modest inflation pressures. The two brokerages in separate notes said o...Reuters
an hour ago
Brazil services activity rises in line with forecasts in July
SAO PAULO, Sept 12 (Reuters) - Services activity in Brazil grew in line with expectations in July, marking a sixth consecutive monthly expansion despite a tight monetary scenario, data from the national statistics agency, IBGE, showed on Friday. The main driver of Latin America's largest...Reuters
an hour ago
Mexican officials to speak with China on tariffs next week
MEXICO CITY, Sept 12 (Reuters) - Mexican officials are set to speak with representatives from China next week about Mexico's planned tariffs on goods from the Asian country, President Claudia Sheinbaum said on Friday, saying the tariffs were not intended as a coercion measures.Sheinbaum added th...Reuters
2 hours ago
TREASURIES-Yields rise, curve steepens, as bond market girds for Fed cut
10-year yield pares rise after University of Michigan sentiment dataYield curve steepens a bitMarket consolidates ahead of expected 25 bp Fed easing By Alden BentleyNEW YORK, Sept 12 (Reuters) - The U.S. Treasury yield curve steepened a bit on Friday as the 10-year yield rose after the previous sess...Reuters
2 hours ago
Russian central bank cautiously cuts key rate by 100 bps to 17%
Analysts had expected 200 bp cutRouble strengthens in responseCentral bank says inflationary expectations remain highCentral bank says fiscal normalisation has not materialised By Elena Fabrichnaya and Gleb Bryanski MOSCOW, Sept 12 (Reuters) - The Russian central bank cut its key interest rate b...Reuters
3 hours ago
US consumer sentiment slips again in September, University of Michigan survey says
Sept 12 (Reuters) - U.S. consumer sentiment fell for a second straight month in September as consumers saw rising risks to business conditions, the labor market and inflation.The University of Michigan's Surveys of Consumers on Friday said its Consumer Sentiment Index fell to 55.4 this month, th...Reuters
3 hours ago
BREAKINGVIEWS-Guest view: Defanged Fed faces yield curve dilemma
By Michael PedroniWASHINGTON, Sept 12 (Reuters Breakingviews) - The Federal Reserve may soon be dusting off a tool it has not used in more than 70 years: yield curve control, or YCC. If President Donald Trump and his administration unravel the central bank’s independence, markets will drive up long-...Reuters
4 hours ago
POLL-BoE to hold rates on September 18 and cut in Q4 but more economists see no move this year
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=GBBOEI%3DECI BoE poll datareuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=GBGDPQP economic poll dataBy Anant Chandak and Shaloo Shrivastava BENGALURU, Sept 12 (Reuters) - The Bank of England will keep its ke...Reuters
4 hours ago
Lebanon central bank says higher global interest rates complicate Eurobond debt restructuring
BEIRUT, Sept 12 (Reuters) - Lebanon's central bank warned on Friday that elevated global interest rates would complicate the country's efforts to restructure its international bonds, which have surged in recent weeks amid hopes the country is making progress towards a debt overhaul. The warn...Reuters
5 hours ago
POLL-Bank of Canada to cut rates on September 17, at least one more to follow this year
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=CABOCR%3DECI BoC poll dataBy Indradip Ghosh BENGALURU, Sept 12 (Reuters) - The Bank of Canada will cut its overnight rate by a quarter point on September 17 as the labour market deteriorates and economic activity weakens, accordi...Reuters
5 hours ago
Morning News Call - Canada, September 12
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 EVENTS0830 Building pe...Reuters
6 hours ago
South Korean workers return home to cheers a week after U.S. immigration raid
Presidential chief of staff says raid affected 'innocent people of Korea'New visa category for South Koreans under discussion after raidSouth Korean President has warned firms may be hesitant to invest in USBy Joyce Lee, Jihoon Lee and Hyunjoo Jin INCHEON, South Korea, Sept 12 (Reuters) -...Reuters
6 hours ago
Germany's economic recovery subdued in third quarter, ministry says
BERLIN, Sept 12 (Reuters) - The recovery of the German economy, Europe's largest, will likely remain subdued in July-September, but a 500 billion euro infrastructure package should have a stronger impact at the end of the year, the economy ministry said on Friday."Current sentiment indicator...Reuters
6 hours ago
Fed's fear meter may be pointing to stagnation, rather than stagflation
US central bank expected to cut rates next weekFed officials more comfortable that tariffs will only temporarily boost inflationWorries rising about weaker job growth, higher unemploymentBy Howard Schneider WASHINGTON, Sept 12 (Reuters) - Federal Reserve officials, already expected to cut interes...Reuters
7 hours ago
China August bank loans pick up but well below forecast as economy struggles
August yuan loans at 590 bln yuan, reversing July's contractionAugust outstanding yuan lending growth at record lowWeak private credit demand behind slowing lending growthC.bank faces policy dilemma as Fed rate cut loomsBy Kevin Yao and Ethan Wang BEIJING, Sept 12 (Reuters) - China's new ...Reuters
8 hours ago
Eurozone: ECB holds rates in September – UOB Group
The European Central Bank (ECB) kept its policy interest rates on hold on Thursda (11 September). The interest rates on the deposit facility, the main refinancing operations and the marginal lending facility remain unchanged at 2.00%, 2.15% and 2.40% respectively.Fxstreet
8 hours ago
UK economy makes weak start to second half of the year
UK GDP fails to grow in July compared with June, as expectedEconomic output up 1.4% in year to JulyAnalysts see weaker second half after strong start to 2025UK goods trade deficit widest since January 2022Factory output falls by most in a yearBy David Milliken and Suban Abdulla LONDON, Sept 12 (R...Reuters
8 hours ago
China August bank loans rise 590 bln yuan, well below expectations
BEIJING, Sept 12 (Reuters) - China's new bank loans rose 590 billion yuan ($82.84 billion) in August, bouncing from a 50 billion yuan contraction in July but lagging analysts' forecasts, according to Reuters calculations based on data released by the People's Bank of China. Analysts poll...Reuters
8 hours ago
China says fiscal support will remain flexible, debt ratio stays reasonable
BEIJING, Sept 12 (Reuters) - China's fiscal policy has ample room, the government's debt ratio remains "reasonable" and risks are controllable, finance minister Lan Foan said on Friday, pledging a more flexible fiscal push to shore up the economic growth.The world's second-larges...Reuters
8 hours ago
