News
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German bond yields jump after Merz elected chancellor, then ease
By Yoruk Bahceli LONDON, May 6 (Reuters) - German bond yields briefly hit their highest level in three weeks on Tuesday as German conservative leader Friedrich Merz was elected chancellor by parliament in a second round of voting, before paring some of that rise in late trading.Merz was elected c...Reuters
Tue, May 6
Commodities
Argentina expects $8 bln surplus in energy trade balance this year
HOUSTON, May 6 (Reuters) - Argentina expects a $8 billion surplus in its energy trade balance this year, compared to a $5.7 billion surplus last year, amid new government policies encouraging investment, the country's deputy energy secretary for liquid fuels, Federico Valler, said at a conferenc...Reuters
Tue, May 6
Stocks
EMERGING MARKETS-Latam FX hits two-week low before central bank meetings; Romania's leu touches record low
Latam FX down 0.8%, stocks down 0.5% Brazil's central bank starts rate-setting meeting Minutes of Colombia's rate decision due later in the dayMoody's sees Argentina's inflation at 30% by DecemberBy Pranav Kashyap May 6 (Reuters) - A gauge tracking Latin American currencies hit a ...Reuters
Tue, May 6
Stocks
U.S. STOCKS ON THE MOVE-Duke Energy, Leidos, Gartner
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes fell on Tuesday after U.S. President Donald Trump's latest plans for pharma tariffs renewed worries of the impact of a trade war, while some downbeat corpo...Reuters
Tue, May 6
Economic Indicator
Asian FX rallies as USD weakens on recession fears, tariff uncertainty
USD remains offered across the board as investor flows shift sharply into Asia, following a record 6% two-day surge in the Taiwan dollar (TWD) and strong gains in the Korean won (KRW), Chinese yuan, and Thai baht (THB).Fxstreet
Tue, May 6
Other
US homeland security chief says travelers without 'REAL ID" will be allowed to fly
WASHINGTON, May 6 (Reuters) - U.S. Homeland Security Secretary Kristi Noem said air travelers starting Wednesday who do not have enhanced ID cards may face enhanced security procedures but will not be denied access to flights. Starting Wednesday, the Transportation Security Administration will n...Reuters
Tue, May 6
Other
Relief for Florida insurers as SB 832 dies
By Chris MunroMay 5 - (The Insurer) - Florida’s insurers have been boosted after the controversial Senate Bill 832 died after the proposed ruling was not included in the 16 that the state’s lawmakers will discuss during the extended 2025 regular legislative session.As The Insurer reported on Friday,...Reuters
Tue, May 6
Other
Jewellery group Pandora's first-quarter revenue meets expectations
COPENHAGEN, May 6 (Reuters) - Danish jewellery maker Pandora PNDORA.CO reported first-quarter revenue in line with analysts' expectations on Tuesday, and said it would continue to invest in marketing while acknowledging an "uncertain" economic backdrop.Reuters
Tue, May 6
Other
WTW: US shared and layered property rates down as much as 20%
By David BullMay 5 - (The Insurer) - In its latest Marketplace Realities report, WTW said that the U.S. property insurance market transitioned to a more competitive environment in 2024, especially for large commercial risks, a trend expected to continue in 2025 as oversupply of capacity drives rate ...Reuters
Tue, May 6
Commodities
Trump, ahead of Carney meeting, says US doesn't need Canadian cars, energy, lumber
WASHINGTON, May 6 (Reuters) - President Donald Trump said he looked forward to meeting Canadian Prime Minister Mark Carney but reiterated that he did not think the U.S. needed Canada's cars, energy or lumber and questioned what he called Canadian reliance on the U.S."That will be, most likel...Reuters
Tue, May 6
Other
California Bar sues vendor over exam meltdown
By David Thomas May 5 (Reuters) - The State Bar of California on Monday sued exam vendor Meazure Learning following the disastrous rollout of its February bar exam, accusing the vendor of failing to live up to its promises that its systems could handle thousands of bar examinees.The state bar, re...Reuters
Tue, May 6
Commodities
Offshore producer Beacon sees first oil from Shenandoah in June
HOUSTON, May 6 (Reuters) - U.S. offshore producer Beacon Offshore Energy expects first oil from its Shenandoah floating production system in June 2025, a company executive said on Tuesday at a conference in Houston.The floating production unit, which is expected to produce 120,000 barrels of oil per...Reuters
Tue, May 6
Cryptocurrencies
Worldcoin Collapsing? Two Nations Ban Biometric Crypto Project
The Sam Altman-backed cryptocurrency venture Worldcoin is facing stern legal issues on more than one front. A Kenyan court has ruled that the firm’s business is not legal, a day after Indonesian officials suspended its activities. The one-two regulatory blows have caused Worldcoin’s toke...Bitcoinist
Tue, May 6
Technical Analysis
GBP/USD rises past 1.3350 as traders brace for Fed, BoE rate decisions
The Pound Sterling advanced for the second consecutive day, gaining over 0.65% against the US Dollar amid a scarce economic docket on both sides of the Atlantic. Major central banks like the Federal Reserve and the Bank of England (BoE) are preparing for their policy meetings.
Fxstreet
Tue, May 6
Stocks
3 Undervalued Dividend Stocks You Can Buy Now in May 2025
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Tue, May 6
Other
WTW: Auto liability seeing highest rate rises in 'highly segmented' North America casualty market
By Chris MunroMay 5 - (The Insurer) - North American casualty pricing trends remain highly segmented with auto liability set to see the greatest rate rises at up to 20%, while at the opposite end of the spectrum workers’ compensation clients could continue to secure reductions with others seeing a s...Reuters
Tue, May 6
Economic Indicator
New York Fed finds easing supply chain pressures in April
Supply chain pressures eased in April despite trade uncertaintyNY Fed data suggests goods moving smoothly across bordersTariffs do not seem to be breaking supply chains so farBy Michael S. Derby NEW YORK, May 6 (Reuters) - Supply chain pressures eased last month even as economies around the world...Reuters
Tue, May 6
Commodities
MPLX’s reports Q1 profit rise on higher volumes, expects minimal tariff impact
By Mrinalika RoyMay 6 (Reuters) - U.S. midstream company MPLX MPLX.N on Tuesday reported a rise in quarterly earnings helped by higher volumes and transportation rates and said it expects minimal impact from tariffs on its operations."At this juncture for what we know about tariffs...it really h...Reuters
Tue, May 6
