Currencies

Bank of Canada warns against over-regulation of financial sector

The Bank of Canada on Thursday warned against imposing more regulations on the financial sector, instead urging measures to encourage competition and innovation that it said could help offset U.S....

Fed's Williams tells New York Times he backs more rate cuts this year

New York Federal Reserve President John Williams backs more interest rate cuts this year given the risk of a further slowdown in the labor market, according to an interview published by the New York...

Brazil's beef exports to China jump 38% in September amid US tariffs

SAO PAULO -Brazil's beef exports to China rose 38.3% in September from a year earlier, reaching 187,340 tonnes, industry group Abrafrigo said on Wednesday, helping push total monthly exports to a...

Fed's Miran says calm bond market shows support for rate cuts

NEW YORK -Federal Reserve Governor Stephen Miran on Tuesday said that the U.S. bond market's current relative calm supports a swift push to lower interest rates. Given that market...

NY Fed finds rising worry about state of job market in September

NEW YORK -Americans grew more worried about the future of the job market in September, while at the same time bumping up projections for the future path of near-term inflation, a report from the...

US unemployment claims rise moderately amid labor market freeze

WASHINGTON -The number of Americans filing new applications for unemployment benefits increased marginally during the last week of September, data from Haver Analytics showed, pointing to a still-low...

French markets tumble after PM Lecornu resigns

LONDON -A selloff in French markets gathered pace on Monday after French media reports that Prime Minister Sebastien Lecornu has resigned. French stocks fell sharply, government bond...

For a jobs day data fix in a US shutdown, here is what the experts are saying

WASHINGTON -With U.S. Bureau of Labor Statistics employees furloughed due to the federal government shutdown, the agency's website shows a release from Wednesday as its most recent data update...

Fed's Miran wants aggressive rate cuts but downplays differences with other officials

Federal Reserve Governor Stephen Miran on Friday again pressed for an aggressive path of rate cuts citing the impact of Trump administration policies on the economy, while other central bank...

BofA Global Research moves Fed rate cut forecast to October from December

Bank of America Global Research on Friday pulled forward its forecast for the next Federal Reserve interest rate cut to October from December, citing signs of a softening labor market. ...

US services sector growth brakes; prices paid measure edges higher

WASHINGTON -U.S. services sector activity stalled in September amid a sharp slowdown in new orders, while subdued employment added to mounting evidence of sluggish labor market conditions because of...

Canada's services PMI hits a three-month low in September as jobs decline

TORONTO -Canada's services economy contracted at a steeper pace in September as businesses shed jobs and outstanding work sank to a five-year low, S&P Global's Canada services PMI data showed on...

US equity funds see sharp weekly inflows on rate cut hopes

U.S. equity funds saw robust inflows in the week to October 1 on renewed bets of rate cuts, as an inflation report eased worries that a buildup in prices would push the Federal Reserve to delay...

Trading Day: AI, Fed bets sweep aside shutdown jitters

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Stock markets around the world leaped...

Bank of Canada studying whether core inflation can be measured better

The Bank of Canada is considering changes to how it measures preferred inflation metrics to give it a better idea of how external shocks are affecting the economy, a senior official said on Thursday. ...

Fed's Logan says US central bank must be 'very cautious' on rate cuts

AUSTIN, Texas -Federal Reserve Bank of Dallas President Lorie Logan on Thursday said the U.S. central bank appropriately cut rates last month to guard against the risk of a sharp deterioration in the...

US layoffs fall in September but year-to-date planned hiring at lowest in 16 years

WASHINGTON -U.S. employers announced fewer layoffs in September but hiring plans so far this year were the lowest since 2009, a report said on Thursday, adding to evidence of a labor market...

Prolonged US government shutdown could raise market risks

NEW YORK -Investors have anticipated for weeks the risks of a U.S. government shutdown to markets. Now that it is here, they are hoping it will be brief. A shutdown that lasts at least...

Darkness falls on dour US jobs market

A look at the day ahead in European and global markets from Kevin Buckland Investors already knew the U.S. labour market needed support, but there is something particularly ominous in...