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Trump inherits a labor market at full employment. Can he keep it there?
Defying fears of a pandemic-driven Great Depression and bucking Federal Reserve interest rate hikes as well, the U.S. job market has hit what U.S. central bank officials are characterizing as a moment of stable full employment, with balanced wage and job growth and a low unemployment rate.Reuters
Fri, Feb 7
China AI rally rouses trade war-weary markets
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com. MORNING BID EUROPE - CHINA AI RALLY ROUSES TRADE WAR-WEARY MARKETS An action-packed week in the markets is heading for a more subReuters
Fri, Feb 7
China's forex reserves rise unexpectedly in January
BEIJING, Feb 7 (Reuters) - China's foreign exchange reserves rose unexpectedly in January, central bank data showed on Friday, as the dollar lost some momentum.The country's foreign exchange reserves, the world's largest, rose $7 billion last month to $3.209 trillion, exceeding a Reuters...Reuters
Fri, Feb 7
German exports rise, industrial production falls
German exports contracted by 1.0% in 2024Industrial production decreased by 2.4% in DecemberIndustrial slump looks set to continue, economists sayAdds details and economists' commentsBy Maria Martinez BERLIN, Feb 7 (Reuters) - German exports rose in December while industrial output fell more ...Reuters
Fri, Feb 7
PRECIOUS-Gold set for sixth successive weekly gain; US payrolls report in focus
Gold has gained more than 2% this weekPalladium on track for weekly loss Nonfarm payroll data due at 1330 GMTUpdates with mid-session tradingBy Rahul Paswan Feb 7 (Reuters) - Gold prices rose on Friday, hovering near record-high levels and set for a sixth successive weekly gain, as trade war conc...Reuters
Fri, Feb 7
JGB yields hit fresh multi-year highs on BOJ rate-hike bets
TOKYO, Feb 7 (Reuters) - Japan's government bond yields hit fresh multi-year highs on Friday on bets that the Bank of Japan (BOJ) may raise interest rates earlier than the market had expected.The 10-year JGB yield JP10YTN=JBTC rose 4 basis points (bps) to 1.3%, its highest since April 2011. The ...
Reuters
Fri, Feb 7
Thailand lobbies for chip investments as Trump's trade war with China kicks off
BANGKOK, Feb 6 (Reuters) - Thailand aims to have an initial draft of a strategic plan for its semiconductor sector ready in the next 90 days, keen to attract fresh investment amid U.S. President Donald Trump's renewed trade war with China.Reuters
Fri, Feb 7
EUR/JPY struggles to build on its recovery from multi-month low beyond mid-157.00s
The EUR/JPY cross stages a goodish intraday recovery from the 156.75 area, or its lowest level since early December touched earlier this Friday and for now, seems to have snapped a two-day losing streak.
Fxstreet
Fri, Feb 7
Silver Price Forecast: XAG/USD remains steady near $32.50, three-month highs
Silver price holds ground near its three-month high of $32.56, recorded on February 5. The upside of the Silver appears limited as the US Dollar gains ground amid rebounding US Treasury yields. Traders await US Nonfarm Payrolls to gain fresh impetus regarding the Fed’s monetary policy direction.Fxstreet
Fri, Feb 7
