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India's trade minister to lead delegation to US for trade talks, say sources
NEW DELHI, May 13 (Reuters) - India's trade minister Piyush Goyal will lead a trade delegation to the United States starting May 16 to advance trade negotiations, two government officials said on Tuesday, as both countries push for a bilateral trade pact. Goyal's visit follows U.S. Vice Pre...Reuters
Tue, May 13
TREASURIES-U.S. 10-year yields retreat slightly after April CPI release
NEW YORK, May 13 (Reuters) - U.S. 10-year Treasury yields fell slightly on Tuesday after April's Consumer Price Index numbers were below forecast, showing a moderate immediate impact of the Trump administration's sharp import tariff rises announced early last month.The 10-year yield fell fro...Reuters
Tue, May 13
U.S.-China Tariff Truce: Wall Street Rushes to Rewrite Reports – No Recession, Bull Market Continues
TradingKey – Following the U.S.-China agreement to significantly cut tariffs after the Geneva negotiations, Wall Street giants like Goldman Sachs and JPMorgan Chase rushed to revise their economic forecasts, flipping from bearish to more bullish stances: lowering recession risks, raising GDP...TradingKey
Tue, May 13
TREASURIES-U.S. 10-year yields retreat slightly after April CPI release
NEW YORK, May 13 (Reuters) - U.S. 10-year Treasury yields fell slightly on Tuesday after April's Consumer Price Index numbers were below forecast, showing a small immediate impact of the Trump administration's sharp import tariff rises announced early last month.Reuters
Tue, May 13
Brokerages scale back recession odds after U.S.-China trade truce
May 13 (Reuters) - Major brokerages have scaled back their U.S. recession forecasts following a temporary tariff truce between the U.S. and China, which has fueled optimism for easing global trade tensions. Goldman Sachs reduced its U.S. recession forecast to 35% from 45%, marking the fir...Reuters
Tue, May 13
REFILE-US consumer prices rise moderately in April
WASHINGTON, May 13 (Reuters) - U.S. consumer prices rebounded moderately in April, but inflation is likely to pick up in the coming months as tariffs boost the cost of imported goods. The consumer price index CPI increased 0.2% last month after dipping 0.1% in March, which was the first decline...Reuters
Tue, May 13
China's JD.com beats quarterly revenue estimates
May 13 (Reuters) - Chinese e-commerce retailer JD.com 9618.HK topped market estimates for quarterly revenue on Tuesday, in a sign of steady demand even as U.S. tariffs and prolonged economic weakness weighed on consumer sentiment. Consumer demand in China has faced a series of hurdles in recent year...Reuters
Tue, May 13
China's JD.com beats quarterly revenue estimates
May 13 (Reuters) - Chinese e-commerce retailer JD.com 9618.HK topped market estimates for quarterly revenue on Tuesday, in a sign of steady demand even as U.S. tariffs and prolonged economic weakness weighed on consumer sentiment. Consumer demand in China has faced a series of hurdles in recent year...Reuters
Tue, May 13
USD/JPY steadies as BoJ stays hawkish amid US tariff uncertainty, breakout above 148.50 eyed
The Japanese Yen (JPY) is holding steady near 148.00 against the US Dollar (USD) on Tuesday, pausing after a steep rise in the previous day. Despite the short pullback, the US Dollar remains resilient, supported by a temporary easing in US-China trade tensions.
Fxstreet
Tue, May 13
Brazil central bank debated whether inflation risks were now neutral
BRASILIA, May 13 (Reuters) - Brazil's central bank said on Tuesday that it discussed whether the balance of risks to inflation remained slightly asymmetric, albeit less so than in the previous meeting, or whether it could already be considered neutral.In the minutes of last week's decision, ...Reuters
Tue, May 13
COLUMN-Forget Trump. A UK deal with the EU is what matters: Klement
By Joachim Klement May 13 - The comprehensive trade deal announced by the U.S. and UK governments last week was a damp squib, but that shouldn’t worry Downing Street. The bigger prize is closer collaboration with the European Union, and that could accelerate after the UK-EU summit next week.The b...Reuters
Tue, May 13
USD/CNH can continue to weaken – UOB Group
US Dollar (USD) could continue to weaken vs Chinese Yuan (CNH); the major support at 7.1700 is likely out of reach for now. In the longer run, renewed downward momentum suggests 7.1700 is back in sight, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, May 13
Euro zone bond yields hit fresh one-month highs
German 10-year bond yields rise for 4th straight sessionEuro zone bond yields climb amid reduced ECB rate cut betsGerman investor morale improves, ZEW index shows New supply from euro zone, Germany, Italy, Netherlands, according to LSEG IFR By Medha Singh May 13 (Reuters) - A selloff in euro zone...Reuters
Tue, May 13
US small business sentiment declines further in April
WASHINGTON, May 13 (Reuters) - U.S. small-business confidence fell for a fourth straight month in April, with the share of owners reporting job openings declining to the lowest level in more than four years, potentially hinting at a significant labor market slowdown.The National Federation of Indepe...Reuters
Tue, May 13