Currencies

US retail sales slightly above expectations in October

U.S. retail sales increased slightly more than expected in October, but underlying momentum in consumer spending appeared to slow at the start of the fourth quarter. Retail sales rose...

Chinese consumers spend more, just not on property

A look at the day ahead in European and global markets from Stella Qiu Asian shares ended a brutal week on a steadier note helped by Chinese consumers pushing retail sales beyond...

Fed has time to see what Trump policies mean for the economy, Powell says

Federal Reserve Chair Jerome Powell said on Thursday the U.S. central bank has time before it needs to adapt its policymaking thinking due to the return of President-elect Donald Trump to the White...

US weekly jobless claims fall; unemployment rolls shrink

The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labor market continued to chug along and that the abrupt slowdown in job growth in October was...

Fed's Kugler says Fed has made good progress on achieving mandates

Federal Reserve governor Adriana Kugler said Thursday the central bank has made considerable progress in working to achieve its job and inflation goals, while stopping short of offering firm guidance...

Morning bid: A twist in the U.S.'s inflation tale?

A look at the day ahead in U.S. and global markets by Amanda Cooper. The dollar is forging ahead again, heading for its biggest week-on-week gain since September last year, up 2.37%...

No end in sight for Trump-fuelled trade

A look at the day ahead in European and global markets from Rae Wee Market movement over the past week or so since Donald Trump won the U.S. presidential election have been characterised...

Why is the euro falling and could it hit $1?

The euro has fallen to one-year lows, reviving talk the currency could hit the $1 mark. Donald Trump's U.S. election win raises the prospect of a hike in tariffs that could deal a fresh blow to the...

Instant view: Oct CPI inflation up modestly, as expected

U.S. consumer prices increased as expected in October, and progress towards low inflation has slowed since mid-year, which could result in fewer interest rate cuts from the Federal Reserve next year. ...

Fed's Waller: Private sector should lead on payment system innovation

Federal Reserve Governor Christopher Waller said on Tuesday that he believes the private sector should lead when it comes to payment sector innovations. I hold the view that it is...

Inflation data poses test for stocks rally after Trump win

Investors will focus in the coming week on whether inflation trends can help sustain the record-breaking stock rally that has received a boost from Donald Trump's victory in the U.S. presidential...

US consumer sentiment rises in November, UMich says

U.S. consumer sentiment rose to a seven-month high in early November, with a measure of households' expectations for the future climbing to the highest in more than three years, a survey showed on...

Canada's economy adds 14,500 jobs in October

Canada's economy added 14,500 jobs in October and the jobless rate held at 6.5% from September, Statistics Canada data showed on Friday. Market reaction: [CAD/] Link: ...

Canada adds less than expected jobs in October, wages rise

Canada added lower-than-expected 14,500 jobs in October and wages of permanent employees rose, data showed on Friday, as the economy grappled to absorb the slack built up due to a rapidly rising...

Fed's Powell says election outcome has no near-term policy impact

Federal Reserve Chairman Jerome Powell said that for now, the central bank is not taking on board in its policy-making choices the outcome of this week's election. In the near term the...

US worker productivity rises moderately in third quarter; labor costs elevated

U.S. worker productivity increased moderately in the third quarter, resulting in only a gradual slowdown in labor costs that could cast a cloud over the inflation outlook. Nonfarm...

Futures steady after Trump-fueled rally, Fed's rate decision awaited

U.S. stock futures edged higher ahead of an interest-rate decision by the Federal Reserve on Thursday, building on a sharp rally set off by Donald Trump's stunning comeback as U.S. president for a...

Trump victory heightens risks for BOJ as yen renews slide

A dollar rally triggered by Republican Donald Trump's victory in the U.S. presidential election could heighten pressure on the Bank of Japan to raise interest rates as soon as December to prevent the...

Bank of Canada says changes to mortgage structure will not resolve housing affordability

OTTAWA, Nov 6 Canada's housing affordability cannot be resolved by changing the country's unique mortgage structure, the Bank of Canada's Senior Deputy Governor said on Wednesday, as...