Author: FX

By Leigh Thomas and Michel Rose PARIS (Reuters) -France’s government delivered its 2025 budget on Thursday with plans for 60 billion euros ($65.68 billion) worth of spending cuts and tax hikes on the wealthy and big companies to tackle a spiralling fiscal deficit. Prime Minister Michel Barnier’s new government is under increasing pressure from financial markets and France’s European Union partners to take action after tax revenues fell far short of expectations this year and spending exceeded them. But the budget squeeze, equivalent to two points of national output, has to be carefully calibrated to placate opposition parties, who could…

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US consumer prices rose by 0.2% in September from August, excluding energy and food by 0.3%. This is a tenth more than expected in each case. The data do not argue against further interest rate cuts by the Federal Reserve at its next meeting in November and beyond. But the big step of 50 basis points in September is likely to remain an exception, Commerzbank’s analysts Dr. Christoph Balz and Bernd Weidensteiner note. Further decline in inflation appears to have stalled “The better-than-expected labor market data for September have already removed the basis for speculation about a possible further big…

By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines does not expect a strike by factory workers at Boeing (NYSE:) to have any impact on its flight schedule for next summer, including new route launches, a top executive at the carrier said on Thursday. Around 33,000 workers that build Boeing’s 737, 777 and 767 jets have been on strike for nearly four weeks, leading to a decline in aircraft deliveries to its airline customers. United, one of Boeing’s most prominent customers, received just 28 planes from the jet maker in the first nine months this year, down from 59 a…

Fundamental OverviewThe USD rallied across the board last Friday following the hot US NFP report. The market priced out all the aggressive rate cuts expectations and it’s now finally in line with the Fed’s projections.This week, the greenback extended the gains as the market started to price in some chances of a pause in November. The focus remains on the economic data. Today we get the US CPI report. We will likely need a hot report to see some more downside in the pair, while a miss could see the pair rising on the market paring back the hawkish expectations.…

EUR/USD faces selling pressure as the US Dollar holds onto gains ahead of the US CPI data for September. Fed officials are highly concerned about reviving job growth. The Euro is under pressure as the ECB is expected to reduce interest rates further by 50 bps by the year-end. EUR/USD exhibits a weak performance in Thursday’s European session after diving below the key support of 1.0950 on Wednesday. The major currency pair remains under pressure as the US Dollar (USD) clings to gains ahead of the United States (US) Consumer Price Index (CPI) data for September, which will be published…

jetcityimage Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) raised $1.9 billion through a seven-tranche yen-denominated bond deal, according to a report by Reuters that cites a term sheet. This issuance marks the largest of its kind for the company since its initial foray into Samurai bonds in Source link

By Ankur Banerjee SINGAPORE (Reuters) -Chinese stocks resumed their rally on Thursday, fanned by expectations a briefing from finance officials this weekend would deliver anticipated fiscal stimulus, while the dollar lingered near a two-month high before a U.S. inflation report. Mainland shares got a lift early in the Asia session as China’s central bank kicked off its 500 billion yuan facility to spur capital markets, a plan it announced late September as part of a series of stimulus measures. China’s blue-chip CSI300 index rose about 3%, partially reversing the previous day’s 7%, which was triggered by some investor concern about…

Are crude oil bears about to stay in the game for much longer? A look at the energy commodity’s daily time frame shows a large descending triangle pattern that’s been holding since November last year. WTI Crude Oil (USOIL) Daily Chart by TradingView Earlier this week, we looked at a potential break-and-retest setup on the 4-hour chart of crude oil while geopolitical tensions in the Middle East were worsening and stoking global supply concerns. However, the spotlight just shifted back to a weaker demand outlook, as the latest inventory figures from the API and EIA reflected larger than expected increases…

A lack of fresh market catalysts kept the major assets in ranges early in the day, before central bank speculations and positioning ahead of the U.S. CPI reports caused increased volatility in the U.S. session. Which assets saw the most action? We’re discussing yesterday’s market headlines and price reactions! Headlines: RBNZ slashes rates by 50 bps, signals further easing ahead Japan preliminary machine tool orders sank 6.5% y/y in Sept (-3.5% previous) German trade surplus widened from 16.9B to 22.5B in July (18.9B forecast) as exports rose 1.3% and imports fell 3.4% EIA crude oil inventories rose 5.8M barrels (2.0M…