Reuters US Economy

By Shashwat Chauhan and Purvi Agarwal (Reuters) – Latin American markets soared on Wednesday, with Mexico’s peso regaining more of its tariff-driven losses as investors hoped for some relief from U.S. tariffs, while a weaker dollar also provided a lift. In the latest move, U.S. President Donald Trump said he would exempt automakers from the …

Latam markets jump on hopes of US tariff relief after Trump floats exemptions Read More »

NEW YORK (Reuters) – U.S. President Donald Trump’s former Treasury Secretary Steven Mnuchin said on Wednesday that tariffs on U.S. imports are necessary to rebalance trade more in favor of the world’s largest economy, but cautioned that financial markets need more clarity. “The market really wants certainty and it will adjust to whatever they are,” …

Trump’s former Treasury Secretary Mnuchin says markets need clarity on tariffs Read More »

ZURICH (Reuters) – Swiss inflation fell to its lowest level in nearly four years in February, government data showed on Wednesday, increasing the likelihood the Swiss central bank will cut rates later this month. Consumer prices rose by 0.3% last month compared with a year earlier, the smallest increase since April 2021, as imports became …

Swiss inflation falls to lowest in nearly four years Read More »

(The opinions expressed here are those of the author, a columnist for Reuters) By Mike Dolan Morning Bid U.S. What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets We’ve revamped Morning Bid U.S. to offer you more in-depth markets analysis and commentary. Mike Dolan will help you make sense of the …

Morning Bid: Dollar ‘smile’ looks lopsided Read More »

MADRID (Reuters) – Spain’s service sector experienced a robust acceleration in growth in February, driven by strong increases in business activity and new orders, S&P Global reported on Wednesday. The HCOB Spain Services PMI business activity index rose to 56.2 in February from 54.9 in January, indicating a stronger rate of expansion. Any reading above …

Spain’s service sector growth accelerates in February, PMI shows Read More »

NAIROBI (Reuters) – Kenya’s private sector held steady in February, expanding at a similar pace to the previous month, a survey showed on Wednesday. The Stanbic Bank Kenya Purchasing Managers’ Index (PMI) rose to 50.6 in February from 50.5 a month earlier. Readings above 50.0 signal growth in activity. “Sector divergences were apparent … with …

Kenya’s private sector growth holds steady in February, outlook dim Read More »

DUBAI (Reuters) – The UAE’s non-oil private sector growth in activity held steady in February driven by strong demand and output, a survey showed on Wednesday. The seasonally adjusted S&P Global Purchasing Managers’ Index (PMI) remained at 55.0 in February, the same as the previous month, well above the 50 mark signalling growth. The reading …

UAE non-oil business sector maintains steady growth in February, PMI shows Read More »