Low expectations for trade talks: 'If you're looking for good news, they didn't cancel the trip'

Senior trade negotiators for the U.S. and China sit down in Washington Thursday and Friday, but they are not expected to make much headway beyond possibly postponing new tariffs, set to take effect next week. Strategists expect to see a slimmed down trade deal before year end, and it is likely to lacking a real resolution to some of the […]

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Weak U.S. producer prices support another Fed interest rate cut

WASHINGTON (Reuters) – U.S. producer prices unexpectedly fell in September, leading to the smallest annual increase in nearly three years, which could give the Federal Reserve room to cut interest rates again later this month. The weak producer inflation readings reported by the Labor Department on Tuesday came against the backdrop of a slowing economy amid trade tensions and cooling […]

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Brexit LIVE: Request delay or else! Boris faces Cabinet uprising over threat to ignore law

Mr Cox reportedly clashed with Mr Johnson after the Government confirmed to Scotland’s Court of Session that Mr Johnson would comply with the requirements of the Benn Act to request a delay if no deal has been agreed with the EU by October 19. The assertion runs contrary to Mr Johnson’s insistence that he would “rather die in a ditch” […]

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WRAPUP 4-U.S. unemployment rate drops to 3.5%; job growth moderate

(Adds trade data, analyst comments, updates markets) * Nonfarm payrolls increase 136,000 in September * August payrolls revised up to 168,000 from 130,000 * Unemployment rate falls to 3.5% from 3.7% in August * Average hourly earnings, workweek unchanged * Trade deficit widens 1.6% to $54.9 billion in August By Lucia Mutikani WASHINGTON, Oct 4 (Reuters) – The U.S. unemployment […]

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Pound US Dollar exchange rate: Heightened risk of UK recession leaves GBP/USD flat

On Thursday morning, data revealed the dominant UK services sector took an unexpected hit last month, suffering the largest cut in employment in over nine years. Business expectations weakened for the fourth consecutive month, showing that all three sectors – services, manufacturing and construction – registered lower output last month. Excluding the month following the EU referendum, this was the first […]

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Moderate U.S. job growth expected in September

WASHINGTON (Reuters) – U.S. job growth likely picked up in September, with wages increasing solidly, which could assuage financial market concerns that the slowing economy was teetering on the brink of a recession amid lingering trade tensions. The Labor Department’s closely watched monthly employment report on Friday will come on the heels of a string of weak economic reports, including […]

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India's central bank cuts rates by 25 bps as expected

MUMBAI, Oct 4 (Reuters) – The Reserve Bank of India on Friday cut interest rates for a fifth straight meeting, stepping up efforts to kickstart economic growth languishing at six-year lows. The RBI maintained its “accommodative” stance and said it would maintain this position “as long as it is necessary” to revive growth, while ensuring inflation remains within target. The […]

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WRAPUP 1-U.S. weekly jobless claims rise slightly; layoffs still low

* Weekly jobless claims increase 4,000 to 219,000 * Four-week average of claims unchanged at 212,500 * Continuing claims fall 5,000 to 1.65 million By Lucia Mutikani WASHINGTON, Oct 3 (Reuters) – The number of Americans filing applications for unemployment benefits rose marginally last week, suggesting the labor market remains strong even as employers are becoming more cautious about hiring […]

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