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Canada November retail sales flat; seen up 1.6% in December

Jan 23 (Reuters) - Canadian retail sales were unchanged in November from October at C$67.57 billion ($46.99 billion), as higher sales at motor vehicle and parts dealers were offset by lower sales at food and beverage retailers, Statistics Canada said on Thursday. Sales likely rose 1.6% in December, the agency said in a flash estimate.In November, sales were down in six of nine subsectors, representing 56.7% of retail trade. In volume terms, retail sales fell 0.4%.(Percent changes) Nov Nov Oct(rev) Oct(prev)mo/mo yr/yr mo/mo mo/moTotal 0.0 +1.6 +0.6 +0.6

Trade wars would be 'catastrophic' for global growth, WTO chief says

GENEVA, Jan 23 (Reuters) - The World Trade Organization chief said on Thursday that any tit-for-tat trade wars would have catastrophic consequences for global growth in a debate where U.S. President Donald Trump's tariff threats were discussed.

FTSE 100 stalls after record run; CMC Markets tumbles

Jan 23 (Reuters) - The UK's FTSE 100 stalled on Thursday after touching a record high in the prior session as investors sought clarity on U.S. President Donald Trump's trade policies, while shares in CMC Markets tumbled on a disappointing forecast.The blue-chip index (.FTSE), dipped 0.1% as of 1135 GMT, having touched an all-time high on Wednesday. The FTSE 250 midcap index (.FTMC), dropped 0.2%.

Gold slips as traders await clarity on Trump's policies

Jan 23 (Reuters) - Gold prices dipped on Thursday after hitting a near three-month high in the previous session, while market participants awaited further clarity on policies from U.S. President Donald Trump's administration.

Futures toned down after previous session's jump; data, earnings in focus

Jan 23 (Reuters) - U.S. stock index futures were flat-to-slightly lower on Thursday, as investors paused after Wall Street's strong performance in the previous session and focused on corporate earnings, economic data and President Donald Trump's remarks - all lined up through the day.At 7:12 a.m. ET, Dow E-minis were up 29 points, or 0.07%, S&P 500 E-minis were down 11.5 points, or 0.19%, and Nasdaq 100 E-minis were down 123 points, or 0.56%.

Dollar steady as markets await Trump tariff clarity, central banks

TOKYO/LONDON, Jan 23 (Reuters) - The dollar traded in narrow ranges against major peers on Thursday as it struggled for direction in the absence of concrete announcements on tariffs from U.S. President Donald Trump.A spate of central bank policy decisions could move currencies over the next week, with the Bank of Japan widely expected to raise interest rates at the end of a two-day meeting on Friday.

FTSE 100 retreats from record high, eyes on earnings and Trump policies

Jan 22 (Reuters) - London's FTSE 100 ended flat on Wednesday as a decline in heavyweight copper miners' shares overshadowed positive corporate updates and expectations of further monetary policy easing.After touching a record high earlier in the session, the blue-chip FTSE 100 (.FTSE), gradually lost steam to end marginally lower, snapping a five-day winning streak. The midcap FTSE 250 index (.FTMC), retreated 0.1% after it reached a more-than-two-week high.

Jan 22, 2025 - 5:04 PM

S&P 500 hits record high on Netflix results, AI investment plans

Jan 22 (Reuters) - Wall Street's main indexes rose on Wednesday, with the benchmark S&P 500 hitting a record high, as investors cheered streaming video provider Netflix's quarterly report and technology shares rallied after the announcement of a private-sector artificial intelligence infrastructure plan.Risk appetites got a boost from data pointing to a strong economy with cooling inflation and U.S. President Donald Trump's more moderate than feared approach to tariffs so far.

Jan 22, 2025 - 3:43 PM

Dollar flat as market awaits tariff direction, central bank decisions

NEW YORK, Jan 22 (Reuters) - The dollar was little changed on Wednesday after earlier dipping to a new two-week low, as investors continued to await concrete announcements about U.S. President Donald Trump's tariff plans.Trump said late on Tuesday his administration was weighing imposing a 10% tariff on goods imported from China on Feb. 1, after he earlier said Mexico and Canada could face levies of around 25% by Feb. 1.

Jan 22, 2025 - 3:31 PM

Canadian dollar falls as investors eye wider interest rate gap

TORONTO, Jan 22 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Wednesday as investors braced for the Bank of Canada to cut its benchmark interest rate further below the Federal Reserve's key rate at a policy decision next week.The loonie was trading 0.3% lower at 1.4360 per U.S. dollar, or 69.64 U.S. cents, after trading in a range of 1.4302 to 1.4391.

Jan 22, 2025 - 2:42 PM

Trump’s EV rollback not expected to suppress appetite for critical minerals

US President Donald Trump’s rollback of electric vehicle targets may temporarily slow demand for lithium and other critical minerals, but is unlikely to hamper the mining industry amid surging global EV demand, analysts and industry leaders said.Trump on Tuesday revoked predecessor Joe Biden’s 2021 executive order that sought to ensure half of all new vehicles sold in the US by 2030 are electric. Automakers had been positioning for a jump in EV demand due largely to that Biden move.

Jan 22, 2025 - 1:59 PM

Zambia hopes mining will trigger economic revival

Zambia is pinning its hopes on the mining sector for an economic revival after the worst drought in living memory caused a sharp slowdown in growth this year, its finance minister said on Tuesday.Situmbeko Musokotwane told an event on the economic outlook that new mines were opening imminently and old mines were re-investing to lift output.“If all goes according to plan, 2025 should be the start of this revival and it will be getting stronger and stronger each year going forward,” he said.

Jan 22, 2025 - 1:54 PM

Evolution Mining climbs to 4-year high on upbeat Q2 production, bullion prices

Shares of Australia’s Evolution Mining rose to a four-year high on Wednesday after the country’s second-biggest gold miner reported an improved, better-than-expected output in the second quarter of fiscal 2025, boosted by strong bullion prices.Evolution’s stock rose as much as nearly 2% to A$5.77, its highest level since Nov. 18, 2020, marking 14 sessions of gains in 15. The stock was among the top 10 gainers in the ASX gold sub-index.

Jan 22, 2025 - 1:46 PM

Zambia copper output up 12% last year as key mines recover

Zambia’s copper output rose 12% in 2024, buoyed by a recovery in production at key mines as the government counts on the sector to drive economic growth.Output reached roughly 820,670 metric tons, up from 732,580 tons the year before, Mines Minister Paul Kabuswe said on Wednesday.Barrick Gold’s Lumwana mine ramped up output and Vedanta Resources’ Konkola Copper Mines (KCM) resumed activities.Output also picked up at Mopani Copper Mines, which was recently bought by United Arab Emirates firm, International Resources Holding.

Jan 22, 2025 - 1:44 PM

Trump uncertainties push safe-haven gold to near all-time high

Jan 22 (Reuters) - Gold prices soared to near three-month highs on Wednesday, trading just below its record peak, fuelled by a soft dollar and lack of clarity around U.S. President Donald Trump's policy plans, which investors fear could trigger trade wars and elevate market volatility.Spot gold added 0.5% to $2,758.9 per ounce as of 11:40 a.m. ET (1640 GMT). Prices were at their highest since Oct. 31 when they hit their all-time high of $2,790.15.U.S. gold futures gained 0.5% to $2,772.00.

Jan 22, 2025 - 12:32 PM

STOXX 600 closes at near four-month high as markets brush aside tariff concerns

Jan 22 (Reuters) - European stocks closed higher on Wednesday, driven by heavyweight technology and industrial sectors, with markets seeming unfazed by tariff anxieties stirred by recent declarations from U.S. President Donald Trump.The pan-European STOXX 600 (.STOXX),closed 0.4% higher, at highest level since Sept 2024. It hit a fresh record-peak during the session.Heavyweight technology stocks <.SX8P> led the charge, rising 1.3%, with technology stocks on Wall Street gaining on upbeat earnings.

Jan 22, 2025 - 12:30 PM

Trump's USDA secretary pick led group opposed to ethanol, farm subsidies

Jan 22 (Reuters) - President Donald Trump's pick to run the Agriculture Department, Brooke Rollins, led an organization that opposed ethanol mandates and farm subsidies, major programs she could influence if confirmed, according to a Reuters review of the group's policy statements.

Jan 22, 2025 - 12:27 PM

Dollar flat as market looks for tariff clarity

NEW YORK, Jan 22 (Reuters) - The dollar was flat on Wednesday after touching a new two-week low, as investors continue to await concrete announcements for U.S. President Donald Trump's tariff plans.Trump said late on Tuesday his administration was weighing imposing a 10% tariff on goods imported from China on Feb. 1, after he earlier said Mexico and Canada could face levies of around 25% by Feb. 1.

Jan 22, 2025 - 11:37 AM

US fiscal path unsustainable despite improved budget forecasts, says DoubleLine

NEW YORK, Jan 21 (Reuters) - The U.S. sovereign debt profile remains on an unsustainable path with deficits likely to widen more than what has been recently projected by the Congressional Budget Office, an analyst at investment firm DoubleLine said on Tuesday.

Jan 22, 2025 - 9:51 AM

Global shares rise on tech boost, earnings; tariff uncertainty pins dollar

LONDON, Jan 22 (Reuters) - Global stocks rose on Wednesday as a flurry of new policies from U.S. President Donald Trump and robust corporate earnings bolstered investor optimism, while tariff uncertainty kept the dollar near a two-week low.Netflix shares (NFLX.O), surged almost 15% in pre-market trading as the streaming giant added a record number of subscribers last quarter, enabling it to increase prices for most service plans in the United States and other countries.

Jan 22, 2025 - 9:31 AM

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