Reuters

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Reuters

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With the US government dark, alternate sources show a sluggish September for jobs

Oct 2 (Reuters) - Alternate data from public and private sources showed the U.S. job market likely remained stalled in September, with sluggish hiring but no change in an unemployment rate economists see as heavily influenced by a decline in the number of foreign-born workers.

an hour ago

Canadian dollar set to rebound if Fed rate cuts weaken US counterpart: Reuters poll

TORONTO, Oct 2 (Reuters) - The Canadian dollar is set to strengthen over the coming year against its U.S. counterpart as expected Federal Reserve interest rate cuts weigh on the greenback, but uncertain prospects for the United States-Mexico-Canada trade agreement could put that forecast at risk, a Reuters poll found.

an hour ago

Fed's Logan says US central bank must be 'very cautious' on rate cuts

AUSTIN, Texas, Oct 2 (Reuters) - Federal Reserve Bank of Dallas President Lorie Logan on Thursday said the U.S. central bank appropriately cut rates last month to guard against the risk of a sharp deterioration in the job market, but said that so far the cooling is gradual and signaled she is not eager to cut rates further.

an hour ago

IMF sees mixed global inflation picture in the face of higher tariffs

WASHINGTON, Oct 2 (Reuters) - The International Monetary Fund sees a mixed inflation picture globally as companies in the U.S. and other tariff-raising countries have so far absorbed much of the higher duties, while demand remains suppressed in major exporting countries like China, IMF spokesperson Julie Kozack said on Thursday.

2 hours ago

Mining

Freeport Indonesia says search for five trapped Grasberg workers still ongoing

Miner Freeport Indonesia said on Thursday that the search for five missing workers at the Grasberg copper and gold mine was still ongoing, more than three weeks after a deadly mud flow disaster at the site.Around 800,000 metric tons of wet material flooded the mine on September 8, trapping seven workers. Two bodies have since been recovered.Operator Freeport-McMoRan has already declared force majeure at the mine and lowered its sales estimates.

3 hours ago

Mining

China, Malaysia in talks for rare earths refinery project, sources say

China and Malaysia are in early talks for a project to process rare earths, with sovereign wealth fund Khazanah Nasional likely to partner with a Chinese state-owned firm to build a refinery in the Southeast Asian nation, people familiar with the matter said.If the joint venture takes shape, it would represent a significant policy departure for China, the world’s top supplier and refiner of rare earths, which has banned export of its processing technology to protect its dominance of the industry.

4 hours ago

Gold scales record high as rate cut bets, US government shutdown boost demand

Oct 2 (Reuters) - Gold prices hit a fresh record high on Thursday, buoyed by expectations of a Federal Reserve interest rate cut this month and safe-haven demand amid the ongoing U.S. government shutdown.Spot gold was up 0.6% at $3,887 per ounce by 09:38 a.m. ET (1011 GMT), after hitting a record high of $3,896.49 earlier in the session.U.S. gold futures for December delivery rose 0.4% to $3,911.80.

4 hours ago

S&P 500 index eyes record high as rate-cut bets offset shutdown concerns

Oct 2 (Reuters) - The benchmark S&P 500 index is on track to open at a record high on Thursday, on the back of renewed expectations for interest rate cuts, while traders brace for a data-light session with few fresh catalysts.Investors have anchored their expectations to a dovish Federal Reserve, which has allowed them to brush aside uncertainty surrounding the U.S. government shutdown.

5 hours ago

Bank of Canada expects to release baseline projections for economy, inflation in October - minutes of meeting

Oct 1 (Reuters) - The Bank of Canada expects to release baseline projections for the economy and inflation with its monetary policy report in October, its summary of deliberations released on Wednesday showed.

5 hours ago

US banks expect victory in capital requirements as Trump regulators revamp rules

WASHINGTON, Oct 2 (Reuters) - As President Donald Trump's regulators revamp bank rules, big lenders expect their capital requirements could fall, in a stunning victory for the industry which faced a big hike under former President Joe Biden, according to senior industry executives.

5 hours ago

TSX futures pause after record high; investors eye rate-cut bets

Oct 2 (Reuters) - Futures tied to Canada's main stock index were flat on Thursday, as investors took a breather after the previous session's record peak when a sharper contraction in domestic manufacturing fueled expectations of further rate cuts by the Bank of Canada.

6 hours ago

Stocks grind higher, markets mull US shutdown impact

LONDON/TOKYO, Oct 2 (Reuters) - Global stocks gained and gold traded near record highs on Thursday as investors digested the potential ramifications of a U.S. government shutdown, while a weak private U.S. labour market report bolstered bets for Federal Reserve rate cuts.

6 hours ago

Dollar slides as US government shutdown, poor jobs data weigh

LONDON, Oct 2 (Reuters) - The dollar fell to near a one-week low on Thursday as traders weighed the impact of a U.S. government shutdown, while poor jobs data boosted expectations that the Federal Reserve will cut interest rates two more times this year.

6 hours ago

Gold hovers near record high on rate-cut bets, political uncertainty

Oct 2 (Reuters) - Gold prices rose on Thursday, hovering near record highs, as heightened expectations of further U.S. interest rate cuts this year and political uncertainty on account of a contentious U.S. government shutdown drove demand for the metal.Spot gold was up 0.5% at $3,883.69 per ounce by 1134 GMT, down from Wednesday's all-time high of $3,895.09. U.S. gold futures for December delivery rose 0.3% to $3,908.90.The U.S. dollar index (.DXY), opens new tab inched lower to hover near one-week lows reached on Wednesday.

6 hours ago

US unemployment rate likely steady at 4.3% in September, Chicago Fed says

Oct 2 (Reuters) - The U.S. unemployment rate likely was 4.3% in September, unchanged from August, according to a new "real-time" estimate from the Federal Reserve Bank of Chicago published on Thursday.

6 hours ago

TSX hits another record high as investors cheer market breadth, weaker currency

TORONTO, Oct 1 (Reuters) - Canada's main stock index rose to another record high on Wednesday as higher gold prices boosted metal mining shares and the Canadian dollar moved closer to a recent four-month low.

Oct 01, 2025 - 4:48 PM

Mining

EU to cut steel import quotas, hike tariffs to 50%

The European Commission will propose cutting steel import quotas by nearly half and hiking duties on volumes above those levels to 50% in line with tariffs imposed by the US and Canada, two sources briefed on details told Reuters on Wednesday.The measures will be part of a new package for the steel sector due to be unveiled on October 7.Stephane Sejourne, the Commission’s executive vice president for industrial strategy, briefed steel associations and unions on Wednesday ahead of the announcement.

Oct 01, 2025 - 4:10 PM

Reuters

Latest

Ivory Coast grants 11 new mining permits to boost exploration

US, European stocks hit record highs as investors shrug off US shutdown impact

Bank of Canada studying whether core inflation can be measured better

With the US government dark, alternate sources show a sluggish September for jobs

Canadian dollar set to rebound if Fed rate cuts weaken US counterpart: Reuters poll

Fed's Logan says US central bank must be 'very cautious' on rate cuts

IMF sees mixed global inflation picture in the face of higher tariffs

Freeport Indonesia says search for five trapped Grasberg workers still ongoing

China, Malaysia in talks for rare earths refinery project, sources say

Gold scales record high as rate cut bets, US government shutdown boost demand

S&P 500 index eyes record high as rate-cut bets offset shutdown concerns

Bank of Canada expects to release baseline projections for economy, inflation in October - minutes of meeting

US banks expect victory in capital requirements as Trump regulators revamp rules

TSX futures pause after record high; investors eye rate-cut bets

Stocks grind higher, markets mull US shutdown impact

Dollar slides as US government shutdown, poor jobs data weigh

Gold hovers near record high on rate-cut bets, political uncertainty

US unemployment rate likely steady at 4.3% in September, Chicago Fed says

TSX hits another record high as investors cheer market breadth, weaker currency

EU to cut steel import quotas, hike tariffs to 50%

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