Reuters US Economy

Japan concerned about rapid, one-sided yen moves, finance minister says

10 Oct 2025

By Makiko Yamazaki TOKYO (Reuters) -Japanese Finance Minister Katsunobu Kato said on Friday that the government was concerned about excessive volatility in the foreign exchange market as the yen came under pressure due to fiscal concerns. “We have been recently seeing one-sided, rapid moves on the foreign exchange market,” he said, signaling concerns over the …

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Wall Street closes lower, pausing record-setting rally as earnings approach

10 Oct 2025

By Stephen Culp NEW YORK (Reuters) -U.S. stocks ended in negative territory on Thursday as investors, left with no economic data or any sentiment-swaying catalysts, took the opportunity to consolidate ahead of third-quarter earnings season. The S&P 500 and the Nasdaq inched back from Wednesday’s record closing highs, while the blue-chip Dow closed with the …

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Brazil weighs budget options after investment tax setback, Haddad says

10 Oct 2025

By Isabel Teles and Marcela Ayres SAO PAULO/BRASILIA (Reuters) -Brazil’s government is weighing alternatives to shore up the federal budget, which could involve tweaking tax rates, after Congress killed a measure deemed crucial to hitting its fiscal targets, Finance Minister Fernando Haddad said on Thursday. The government had expected a positive fiscal impact of 14.8 …

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US purchased Argentine pesos after finance officials meet, Bessent says

9 Oct 2025

(Reuters) -The United States purchased Argentine pesos and finalized a $20 billion currency swap framework with Argentina’s central bank after a meeting between the two countries’ top finance officials in Washington this week, U.S. Treasury Secretary Scott Bessent said on Thursday. The market for Argentine pesos was closed when the news came out but the …

US purchased Argentine pesos after finance officials meet, Bessent says Read More »

Short-bias ETFs see big inflows on stock market pullback bets

9 Oct 2025

By Patturaja Murugaboopathy (Reuters) -Short-bias exchange-traded funds, which bet against stock indexes and fast-rising sectors like technology and artificial intelligence, are drawing strong inflows as lofty prices and policy risks spur some investors to position for a pullback. According to LSEG Lipper data, global short-bias funds drew $3.7 billion in September, the biggest monthly inflow …

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Bank of Mexico to consider further cuts to interest rate

9 Oct 2025

By Natalia Siniawski and Emily Green MEXICO CITY (Reuters) -The Bank of Mexico cited stable inflation, a sluggish economy and an easing U.S. Federal Reserve policy in signaling further interest rate cuts, according to minutes from its latest policy meeting released on Thursday. The minutes highlight the stances of the five-member board during its September …

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Ferrari’s steepest fall drags Europe’s stocks, HSBC pulls parking brake

9 Oct 2025

By Shashwat Chauhan and Amir Orusov (Reuters) -European stocks fell on Thursday, dragged lower by steep losses in HSBC and Ferrari, knocking the STOXX off its record perch as investors kept a wary eye on France’s deepening political turmoil. The pan-European STOXX 600 closed 0.4% lower, coming off its record high hit in the last …

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Colombia carries out largest domestic debt swap in history for $11.2 billion

9 Oct 2025

BOGOTA (Reuters) -Colombia carried out its largest domestic public debt swap in history, for 43.4 trillion pesos ($11.18 billion), the Finance Ministry said on Wednesday night, as part of its debt management strategy amid the country’s strained finances. In the transaction, the nation will receive domestic public debt securities (TES) maturing between 2025 and 2050 …

Colombia carries out largest domestic debt swap in history for $11.2 billion Read More »

AFRICA-FX-Most currencies seen stable

9 Oct 2025

NAIROBI (Reuters) -The Kenyan, Nigerian and Zambian currencies are expected to be broadly unchanged against the dollar in the next week to Thursday, while Ghana’s may gain, traders said. KENYA Kenya’s shilling is seen stable as dollar appetite from the energy sector matches inflows from remittances and tea exports. Commercial banks quoted the shilling at …

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Dollar anxiety drives precious metals rally as gold trade gets crowded

9 Oct 2025

By Gregor Stuart Hunter SINGAPORE (Reuters) -The surge in gold prices above $4,000 per ounce is spilling over into other precious metals on fears the Trump administration’s unorthodox economic policies will shift the prevailing trend from de-dollarisation to outright debasement of the U.S. currency. Silver, platinum and palladium are enjoying upsized gains for the year …

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