Macquarie says Canada employment report deserves added caution
On Friday, Macquarie economists said that the latest employment report from Canada deserves added caution. The report, which showed a significant increase of 91,000 jobs in December, was primarily driven by hiring among older workers. This surge in employment led…
Explainer-What happens after the TikTok ban?
By Sheila Dang (Reuters) -The U.S. Supreme Court justices on Friday expressed skepticism about a challenge from TikTok and its Chinese parent company ByteDance against a law signed by President Joe Biden, which would force the sale or ban of…
Morning Bid: Looming payrolls keep bond bears hungry
A look at the day ahead in European and global markets from Stella Qiu Most stocks in Asia are down on Friday, following the lead of Wall Street futures, ahead of the all-important payrolls report, which could push Treasury yields…
India consumer inflation likely eased in December: Reuters poll
By Vivek Mishra BENGALURU (Reuters) – Consumer price inflation in India likely fell to 5.3% in December on moderating food price rises, a Reuters poll of economists showed, bolstering expectations for an interest rate cut by the central bank next…
Norway’s December core inflation lower than expected
OSLO (Reuters) – Norway’s core inflation rate eased more than expected in December, Statistics Norway (SSB) data showed on Friday, supporting forecasts that interest rates will begin to decline this year. Core inflation, which strips out changing energy prices and…
Slow, steady US job growth seen in December
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth likely slowed to a still-healthy clip in December while the unemployment rate held steady at 4.2%, reinforcing the Federal Reserve’s cautious approach toward interest rate cuts this year. The Labor Department’s…