Currencies

Instant view: US consumer prices tick up as anticipated in June

WASHINGTON -U.S. consumer prices picked up in June, likely marking the start of a long-anticipated tariff-induced increase in inflation that has kept the Federal Reserve cautious about resuming its...

Traders stick to bets on September Fed rate cut after inflation report

The Federal Reserve will likely be able to start cutting short-term borrowing costs by September, traders continued to bet on Tuesday, after a government report showed a widely expected increase in...

Instant View: Canada's annual inflation rate increases to 1.9% in June

TORONTO -Canada's annual inflation rate rose to 1.9% in June, meeting analysts' expectations, as increases in the price of automobiles and clothing and footwear pushed the index higher, data showed...

US Treasury Secretary Bessent says 'formal process' for Powell successor has started, Bloomberg News reports

U.S. Treasury Secretary Scott Bessent, in an interview on Bloomberg Surveillance on Tuesday, said that a formal process is already starting to identify a potential successor to Federal Reserve...

Stock Markets Advance Amid Data, Earnings, and Trade Hopes

Investors on global stock markets adopted a cautiously optimistic stance ahead of key economic data and corporate earnings releases. Hopes for a negotiated resolution to the ongoing global tariff...

For Europe, 30% US tariff would hammer trade, force export model rethink

BRUSSELS -The 30% tariff on European goods threatened by U.S. President Donald Trump would, if implemented, be a game-changer for Europe, wiping out whole chunks of transatlantic commerce and forcing...

Fed's Powell asks for watchdog review of project criticized by Trump officials

WASHINGTON -Federal Reserve Chair Jerome Powell has asked the U.S. central bank's inspector general to review the costs involved in the renovation of its historic headquarters in Washington, as Trump...

Trump's Tariff Threats Weigh on DAX

The latest tariff threats from U.S. President Donald Trump pushed the DAX into negative territory at the start of the week. Germany's benchmark index opened Monday nearly one percent lower at...

The art of hogging headlines, using tariffs

A look at the day ahead in European and global markets from Wayne Cole. It looks increasingly clear that for President Trump, tariffs are mainly a convenient means of dominating the...

Trump says he will speak to Lula at some point as Brazil downplays tariff impact

WASHINGTON/BRASILIA/SAO PAULO -Brazil's government on Friday downplayed the impact of the 50% tariff U.S. President Donald Trump threatened to impose on imports from that country, as leaders from...

Instant view: Canada's economy adds 83,100 new jobs in June

TORONTO -Canada's economy added 83,100 jobs in June, the first net increase since January, and the jobless rate edged down to 6.9%, Statistics Canada data showed on Friday. Market...

Canada records surprise job gains, June unemployment rate edges down

OTTAWA -Canada's unemployment rate fell slightly to 6.9% in June as the wholesale and retail trade sectors as well as manufacturing, healthcare and social assistance all saw surprise job growth, data...

TSX gives up weekly gain as the US plays 'hardball' on tariffs

Canada's main stock index pulled back on Friday from a record high as investors weighed the prospect of increased U.S. tariffs on Canadian goods and after domestic jobs data clipped expectations the...

Asian stocks attract foreign inflows for second month, but tariff outlook clouds

Asian stocks drew foreign inflows for a second straight month in June, buoyed by investors wagering on U.S. Federal Reserve interest rate cuts and a softer U.S. dollar, though gains were capped by...

White House slams Powell over Fed finances, project cost overruns

The White House on Thursday launched a fresh attack on Federal Reserve Chair Jerome Powell, with a top Trump administration official saying Powell had grossly mismanaged the central bank, chastising...

Brazil's Lula pledges retaliation to Trump tariffs but keeps diplomacy open

BRASILIA -Brazilian President Luiz Inacio Lula da Silva said he wanted to find a diplomatic solution to U.S. President Donald Trump's threat of 50% tariffs on Brazilian exports, but vowed to...

Fed considers changes to how it grades big banks

WASHINGTON -The Federal Reserve on Thursday proposed tweaks to how it evaluates large banks by making it easier for them to be considered well managed, removing a hurdle for potential acquisitions...

IMF says new US tariffs keep trade uncertainty running high

WASHINGTON -The IMF said on Thursday it was closely monitoring the latest U.S. tariffs announcements, saying uncertainty about the global economic outlook remained high and urged countries to work...

Fed's balance sheet drawdown likely can continue for some time, Waller says

NEW YORK -Federal Reserve Governor Christopher Waller said on Thursday the U.S. central bank still has some ways to go in shrinking the size of its holdings, in comments that offered a potential...