Economy

ECB signals a summer pause after latest rate cut
June 06, 2025 03:45 AM AEST| By InvestingInvesting.com -- The European Central Bank cut interest rates by 25 basis points on Thursday but signalled that further easing is unlikely before the autumn.

Citadel’s Griffin: cost of U.S. default insurance is "unfathomable"
June 06, 2025 01:35 AM AEST| By InvestingInvesting.com -- Ken Griffin, the founder and CEO of Citadel, on Thursday called the cost of U.S. default insurance "unfathomable." He found it astounding that its price levels were comparable to thos

BofA: Bank of Canada in no rush to ease despite dovish hints
June 06, 2025 01:25 AM AEST| By InvestingInvesting.com -- Bank of America (NYSE:BAC) Securities said the Bank of Canada’s decision to hold its policy rate at 2.75% reflects a wait-and-see approach amid persistent inflation and geopolitical

Tariffs, oil prices, and a stronger Loonie drag Canada’s April exports down 10.8%
June 05, 2025 11:27 PM AEST| By InvestingInvesting.com -- Canada’s trade balance deteriorated sharply in April, with merchandise exports plunging 10.8% and imports sliding 3.5%, according to data released Thursday by Statistics Canada. The

India to build rare earth magnet stockpiles, incentivize domestic production
June 05, 2025 09:45 PM AEST| By InvestingInvesting.com -- India is in discussion with various companies to create long-term reserves of rare earth magnets. The government also aims to encourage domestic production by offering fiscal incentiv

Bond yields fall as rate cut bets rise
June 05, 2025 07:15 AM AEST| By InvestingInvesting.com -- Bond yields fell on Wednesday as weaker-than-expected economic data boosted rate cut odds. The U.S. 10-year treasury yield fell 2.42% to 4.352% and the 30-year fell 1.95% to 4.886%.

Trump: abolish the debt limit
June 05, 2025 04:23 AM AEST| By InvestingInvesting.com -- U.S. President Donald Trump on Wednesday took to Truth Social to express his agreement with Democratic Senator Elizabeth Warren on one major policy issue: the abolition of the debt li

Pink flags seen as services slips into contraction for first time since mid-2024
June 05, 2025 03:57 AM AEST| By InvestingInvesting.com -- The Services PMI report, released on Wednesday, showed some early signs of stress for the most significant part of the U.S. economy, as tariff uncertainty weighs. However, the data wa

Bank of Canada holds rates steady on tariffs, mixed inflation data
June 05, 2025 12:57 AM AEST| By InvestingInvesting.com -- The Bank of Canada left its key interest rate unchanged at 2.75% on Wednesday, as expected by analysts, amid persistent volatility in global trade and inflation dynamics. The Bank Rat

China rolls out tracking system for rare earth export controls
June 05, 2025 12:19 AM AEST| By InvestingInvesting.com -- China has launched a tracking system for its rare earth magnet industry, according a Reuters report on Wednesday. The system, which became operational last week, mandates producers to

Trump lifts steel and aluminum tariffs, ADP report ahead - what’s moving markets
June 04, 2025 06:31 PM AEST| By InvestingInvesting.com - U.S. stock futures are muted, with the focus turning to the prospect of high-level trade negotiations between the U.S. and its largest trading partners, particularly China. The White H

EU yet to receive U.S. letter demanding best trade negotiation offers
June 03, 2025 09:21 PM AEST| By InvestingInvesting.com -- The European Union has not received a letter from the United States that demands countries to present their best trade negotiation offers by Wednesday, as reported by Reuters early Tu

BofA sees strong Q1 growth keeping Bank of Canada on hold in June
June 03, 2025 12:01 AM AEST| By InvestingInvesting.com -- Bank of America (NYSE:BAC) Securities expects the Bank of Canada to hold its policy rate at 2.75% in June, pointing to stronger-than-expected growth in the first quarter of 2025. In a

Trump says China violated agreement with U.S.
May 30, 2025 11:45 PM AEST| By InvestingInvesting.com -- U.S. President Donald Trump on Friday accused China of breaking a recent trade agreement, only a few weeks after the two nations announced a temporary truce aimed at de-escalating ten

Canada March GDP rises 0.1%; Q1 growth steady at 0.5%
May 30, 2025 11:35 PM AEST| By InvestingInvesting.com -- Canada’s economy posted a modest rebound in March, with real GDP edging up 0.1%, after a 0.2% contraction in February, according to data released by Statistics Canada. The monthly i

China to allocate $70 billion in capital for new infrastructure projects
May 30, 2025 09:59 PM AEST| By InvestingInvesting.com -- China is planning to allocate 500 billion yuan ($70 billion) of capital to expedite new infrastructure projects, Bloomberg reported on Friday, in a move aimed to safeguard the economy

Fed Governor Kugler monitoring markets amid trade shifts, dollar concerns
May 30, 2025 04:53 AM AEST| By InvestingInvesting.com -- Federal Reserve Governor Adriana Kugler expressed concern on Thursday about the impact of changing trade policies and a potential decrease in investor interest in U.S. dollar assets.

Capital Economics still sees global growth below 3% this year
May 30, 2025 04:39 AM AEST| By InvestingInvesting.com -- Global growth will likely remain subdued in 2025 despite some recent bright spots, according to Capital Economics.

Powell meets Trump, says monetary policy remains data-dependent
May 30, 2025 04:13 AM AEST| By InvestingInvesting.com -- Federal Reserve Chair Jerome Powell met with U.S. President Donald Trump on Thursday, according to a statement from Powell’s office. The meeting took place amid recent tensions betw

Canadian payrolls dip again in March, job vacancies hold steady
May 30, 2025 01:53 AM AEST| By InvestingInvesting.com -- Canadian employers cut payroll positions for a second consecutive month in March, underscoring a cautious hiring environment amid uncertain economic conditions. Statistics Canada repo

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