Latest Finance-Economy News
RBI Holds Repurchase Rate at 5.25% with Neutral Stance
India's central bank kept its key rate unchanged at 5.25%, calling it 'appropriate' amid supportive trade deals. Inflation risks from soft rupee and commodities persist. India's bond yields rose slightly overnight.
BoC Governor Macklem Stresses Supply-Side Constraints
Bank of Canada Governor Macklem highlighted supply-side inflation dynamics and urged firms to adapt. He spoke ahead of key data releases amid market volatility. Markets seek a stronger weekly close.
US Lifts 25% Tariffs on Indian Imports Effective February 7
President Trump modified duties, removing the 25% ad valorem rate on Indian goods due to India's halt on Russian oil imports and US energy purchases. This aligns India with US national security goals. The change takes effect at 12:01 a.m. EST on February 7, 2026.
German Exports Surge 4% in December, Beating Expectations
Germany's exports rose 4% month-over-month in December, far above 1.1% consensus, after a prior decline. This follows strong factory orders, potentially boosting future industrial output. Industrial production fell 1.9%, missing forecasts.
Markets Push Back on Mag7 Massive Cap-Ex Plans
Investors react to tech giants' huge spending, including Amazon's $200B guidance, amid a rough week. US futures gain despite Amazon's post-earnings plunge. Sovereign bonds mixed, dollar softens.
Canadian Jobs Data Awaited Amid Fifth Report Attempt
Markets eye Canadian employment figures, dubbed 'fifth time lucky,' following prior issues. BoC commentary underscores supply constraints. Risk appetite improves slightly.
Fed Vice Chair Jefferson to Discuss Economic Outlook
Jefferson speaks at 12pm ET on economy and supply-side inflation. US nonfarm payrolls delayed to Wednesday due to government shutdown. European yields mostly lower.
Gold and Silver Prices Register Modest Gains
Precious metals rise after yesterday's drop, with cryptocurrencies also higher. Stock futures broadly up across North America and Europe, except Italy. US Treasuries cheaper.
India Commits to US Energy Purchases and Defense Framework
As part of tariff relief, India pledged to buy US energy products and expand defense cooperation over 10 years. This addresses US concerns over Russian oil imports. Executive order cites India's alignment on security matters.
Lorne Steinberg Bullish on Global Value Stocks and High Yield Bonds
Wealth manager Lorne Steinberg shares positive outlook on value stocks trading at lower valuations than past peaks. Highlights Salesforce at 16-17x earnings with strong cash flow. Cautious on long-term oil prices.