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Markets brace for volatility amid Trump's Fed maneuvers

Sept 4 (Reuters) - Financial markets may be looking at another bout of volatility over the next six months, economists cautioned, as U.S. President Donald Trump clashes with the Federal Reserve to exert influence on monetary policy.

Canada to unveil promised aid for aluminum, canola sectors soon

OTTAWA, Sept 4 (Reuters) - Canada will soon unveil a series of promised measures to help the steel and aluminum sector deal with U.S. tariffs, and will also aid canola farmers, government officials said on Thursday.Industry Minister Melanie Joly told reporters in Toronto that aid designed to help aluminum companies overcome uncertainties caused by the tariffs would be rolled out in the coming days.Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here.

Fed's Williams sees gradual rate cuts if economy performs as he expects

NEW YORK, Sept 4 (Reuters) - New York Federal Reserve President John Williams said on Thursday a gradual lowering in short-term borrowing costs is warranted over time if the economy meets his current forecast of modest gains in unemployment and a softening of inflation trends next year.

Wall St muted after soft labor data; Salesforce weighs on Dow

Sept 4 (Reuters) - Wall Street's main indexes were little changed on Thursday after a softer-than-expected private payrolls report, while Salesforce shares dropped as the cloud company gave a downbeat revenue forecast.U.S. private payrolls increased less than anticipated in August, while weekly jobless claims came in higher than expected, in the latest data pointing to easing labor market conditions.

Anglo American to sell remaining stake in Valterra

Global miner Anglo American is selling off its remaining stake in Valterra Platinum, worth around $2.4 billion, it said on Wednesday, marking its full exit from its former subsidiary.The company has launched an accelerated bookbuild offering to sell about 52.2 million shares in the company, it said.The demerger of Valterra, formerly known as Anglo American Platinum, became effective in May, leaving just 19.9% of it in Anglo’s portfolio.

Nippon Steel settles disputes with USW, Cliffs over US Steel deal

Nippon Steel said on Wednesday it has resolved all legal disputes with the United Steelworkers union and steelmaker Cleveland-Cliffs tied to its $14.9 billion acquisition of US Steel, which closed in June.The settlement includes the dismissal of a lawsuit brought by Nippon Steel, its North America unit and US Steel against USW president David McCall, as well as the withdrawal of an unfair labor practice charge the union had filed against US Steel with the National Labor Relations Board.

Perth Mint’s August gold sales rise 38%, silver hits eight-month low

The Perth Mint’s gold product sales rose 38% in August from the previous month, while silver sales slipped to an eight-month low, the refiner said on Thursday.The Perth Mint, owned by the government of Western Australia, is the world’s leading producer of newly-mined gold. It is also the largest refiner by volume in Australia, according to its website.Each year, it processes nearly 75% of Australia’s newly-mined gold, making it a significant player in one of the world’s top gold-producing countries.

Australian PM Albanese spoke to Trump about critical minerals and security

Australian Prime Minister Anthony Albanese discussed opportunities for Australia and the United States to cooperate on critical minerals in a phone call with President Donald Trump on Thursday evening, his office said.The two leaders spoke about opportunities to work together on trade and critical minerals “in the interests of both nations”, a statement from Albanese’s office said.They also discussed the importance of shared security interests, it added.

Fed independence in focus as US Senate holds hearing on Trump nominee Miran

Sept 4 (Reuters) - Questions about Federal Reserve independence will take center stage on Thursday, when President Donald Trump's economic advisor Stephen Miran testifies at a Senate Banking Committee hearing on his nomination to the U.S. central bank's seven-member governing board.

US service sector regains speed in August; employment weak

WASHINGTON, Sept 4 (Reuters) - U.S. services sector activity picked up in August, but employment remained subdued as labor market conditions ease.

US small-cap stocks break out, but for how long?

NEW YORK, Sept 4 (Reuters) - Long-lagging U.S. small-cap stocks are having a moment in the sun, but the interest rate outlook, the strength of their earnings and the health of the economy will help determine whether they are experiencing a new dawn or another false start.

Canada's trade deficit in July narrows as exports to the US rise

OTTAWA, Sept 4 (Reuters) - Canada's trade deficit narrowed in July as overall exports rose, especially driven by outbound shipments of crude oil and passenger cars to its biggest trading partner the United States, Statistics Canada said on Thursday.Its merchandise trade deficit, or deficit from trading in goods, in July was at C$4.94 billion ($3.57 billion), smaller than last month's C$5.98 billion, but much higher than the same period last year, according to Statistics Canada's data.Analysts polled by Reuters had forecast the trade deficit for July at C$4.75 billion.

Wall Street futures gain as markets eye jobs data; Salesforce falls

Sept 4 (Reuters) - U.S. stock index futures edged higher on Thursday as investors braced for employment reports later in the day, while Salesforce shares dropped after a downbeat revenue forecast.Investors face a pivotal week of labor market insights, with August's ADP private payrolls report scheduled for 8:15 a.m. ET, followed by weekly jobless claims at 8:30 a.m. ET, preluding Friday's highly anticipated nonfarm payrolls data.

Gold eases from record peak, with all eyes on US jobs data

Sept 4 (Reuters) - Gold prices declined on Thursday, pulling back from a record high as investors locked in profits, while attention shifted to U.S. jobs data for further insight into the Federal Reserve's policy path.

Canadian dollar forecasts grow more bullish as BoC easing cycle nears an end: Reuters poll

TORONTO, Sept 4 (Reuters) - The Canadian dollar is set to strengthen over the coming year as the Bank of Canada potentially cuts interest rates just two more times in the current easing campaign and expected rate cuts from the U.S. Federal Reserve help stimulate Canada's economy, a Reuters poll found.

Goldman Sachs sees gold prices surpassing $4,000 if investors ramp up buying

Sept 4 (Reuters) - Goldman Sachs said gold prices could surge well above its $4,000 per troy ounce baseline by mid-2026, should private investors diversify more heavily into the metal.

Dollar holds firm, signs of weaker US job market fuel rate-cut bets

SINGAPORE/LONDON, Sept 4 (Reuters) - The U.S. dollar held firm on Thursday in a volatile week as investors contend with a fragile bond market and data showing a weakening labour market, which has reinforced expectations the Federal Reserve will cut rates this month.

Nasdaq, S&P 500 end higher with Alphabet, Apple, rate-cut hopes; Dow dips

NEW YORK, Sept 3 (Reuters) - The Nasdaq rose 1% and the S&P 500 also ended higher on Wednesday as Alphabet jumped after a U.S. judge ruled against breaking up the Google parent and as investors were optimistic that the Federal Reserve would cut interest rates this month.The Dow finished slightly lower, with shares of Boeing (BA.N), down 2.1%.

Sep 03, 2025 - 6:02 PM

Fed report spotlights strains felt by US businesses, households

Sept 3 (Reuters) - U.S. economic activity and employment were mostly little changed or unchanged in recent weeks while prices rose moderately or modestly, the Federal Reserve said on Wednesday, a mixed report that highlighted the impact of tariffs and other Trump administration policies on households and businesses as the central bank weighs a cut in interest rates this month.

Sep 03, 2025 - 4:02 PM

Global bond markets stabilize, for now, as fiscal storm looms

LONDON/TOKYO/NEW YORK, Sept 3 (Reuters) - A sense of calm settled on the world's biggest bond markets on Wednesday, but concerns about the fiscal health of major economies from Japan to Britain and the United States kept long-dated borrowing costs pinned near multi-year highs.

Sep 03, 2025 - 3:46 PM

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