OFF THE WIRE

Reuters

Fed should drop rate-cut lean because of oil price shock, policymakers say

WASHINGTON, May 1 (Reuters) - Federal Reserve officials who dissented against this week's policy statement said the developing oil price shock from the U.S.-backed war with Iran means the U.S. central bank should be clear it can no longer lean towards interest rate cuts, given rising uncertainty about the path of inflation and the economy.

Reuters

Canadian factory PMI hits near four-year high on war-related stock building

TORONTO, May 1 (Reuters) - Canada's manufacturing sector expanded in April at the fastest pace in nearly four years as the war in the Middle East spurred stock building and added to inflation pressures, data showed on Friday.The S&P Global Canada Manufacturing Purchasing Managers' Index (PMI) rose ‌to 53.3 last month from 50.0 in March, marking the highest level since June 2022. A reading above 50 shows expansion in the sector.

Reuters

Fed's Logan says central bank's next rate move could be cut or hike

May 1 (Reuters) - Federal Reserve Bank of Dallas President Lorie Logan said on Friday uncertainty over the outlook and ongoing concerns ‌about inflation means the central bank should not be sending signals that the next policy move will be a rate cut.

Reuters

UAE stocks edge up; geopolitical tensions cap gains

May 1 (Reuters) - Stock markets in the United Arab Emirates closed slightly higher on Friday, as investors remained cautious amid a lack of progress in diplomatic talks between Iran and ‌the United States.Efforts to resolve the conflict have reached a standstill. Although a ceasefire has been in effect since April 8, tensions remain high as Iran continues to block the Strait of Hormuz in retaliation for a U.S. naval blockade of ⁠its vital oil exports.

Reuters

Democratic senators propose boosting FTC oversight of fuel prices

WASHINGTON, May 1 (Reuters) - Three Democratic senators on Friday proposed legislation to ‌boost oversight by the Federal Trade Commission of fuel prices to address market manipulation ⁠or fraud that may increase what drivers pay.Senators Maria Cantwell, Alex Padilla and Ron Wyden introduced a bill that would also increase ‌price ⁠transparency in transportation fuel markets. The proposal would boost the FTC’s ⁠oversight authority to cover the full range of transportation ⁠fuels including biofuels, and increase penalties ⁠for manipulating wholesale oil markets.

Fed's Hammack says no longer appropriate to signal rate cut bias

Reuters - 3 hours ago

Kashkari: Uncertainty around oil shock means Fed should acknowledge risk of rate hikes

Reuters - 3 hours ago

S&P 500, Dow futures rise after Wall Street's best month in years; Apple soars

Reuters - 3 hours ago

Sell in May and go away? Not so fast, investors.

Reuters - 3 hours ago

Wall St Week Ahead US stocks rally could find fuel in earnings, jobs data amid surging oil prices

Reuters - 3 hours ago

Global shares steady as yen intervention keeps currency markets in focus

Reuters - 3 hours ago

Gold heads for weekly loss as high oil prices feed inflation worries

Reuters - 4 hours ago

TSX futures muted as oil prices rise, Mideast tensions drags on

Reuters - 4 hours ago

Oil retreats after hitting four-year high on concern of US-Iran war escalation

Reuters - Apr 30, 2026 - 5:32 PM

Canadian dollar heads for biggest monthly gain in a year on rate hike bets

Reuters - Apr 30, 2026 - 2:25 PM

Glencore first-quarter copper output jumps 19%

Reuters - Apr 30, 2026 - 2:14 PM

Vale to more than double sail-equipped iron ore carrier fleet

Reuters - Apr 30, 2026 - 2:11 PM

MinRes surges to near 2-year peak on annual production forecast hike

Reuters - Apr 30, 2026 - 2:02 PM

Chile’s copper output and manufacturing production fall in March

Reuters - Apr 30, 2026 - 1:58 PM

Glencore expects DRC cobalt exports to normalize in line with 2026 quotas

Reuters - Apr 30, 2026 - 1:53 PM

Stagflation describes the 1970s, not today's economy, Lagarde says

Reuters - Apr 30, 2026 - 1:27 PM

Indian central bank's gold share in forex reserves rises

Reuters - Apr 30, 2026 - 12:45 PM

Big central banks say rate hikes are getting closer

Reuters - Apr 30, 2026 - 12:38 PM

Traders temper euro zone rate hike bets as ECB grapples with Iran war impact

Reuters - Apr 30, 2026 - 11:51 AM

Gold gains over 2% but on track for second straight monthly decline

Reuters - Apr 30, 2026 - 10:34 AM

Canada's February GDP grows 0.2%, annualized quarterly growth likely 1.7%

Reuters - Apr 30, 2026 - 10:24 AM

US growth picks up in the first quarter

Reuters - Apr 30, 2026 - 10:23 AM

Oil retreats after hitting four-year high on concern of US-Iran war escalation

Reuters - Apr 30, 2026 - 10:20 AM

Rise in benefits lifts US labor costs in first quarter

Reuters - Apr 30, 2026 - 10:18 AM

Mapping the Market: Dollar's strength against the yen may depend on the 'Ichimoku cloud'

Reuters - Apr 30, 2026 - 10:16 AM

TSX futures rise on gold gains, easing oil prices

Reuters - Apr 30, 2026 - 8:31 AM

Wall St futures climb as investors balance earnings optimism against oil woes

Reuters - Apr 30, 2026 - 8:22 AM

Rate-cut hopes ebb as global brokerages brace for longer Fed restraint

Reuters - Apr 30, 2026 - 8:20 AM

US banks left guessing over scope of looming order on citizenship data

Reuters - Apr 30, 2026 - 8:18 AM

Despite change atop the Fed, investor hopes for rate cuts hit hurdles

Reuters - Apr 30, 2026 - 8:13 AM

Powell says he won't be a shadow chair, would support Warsh where possible

Reuters - Apr 29, 2026 - 3:50 PM

US economy 'quite resilient', should keep growing above 2%, Fed's Powell says

Reuters - Apr 29, 2026 - 3:44 PM

Canadian dollar steadies as oil lifts BoC rate hike bets

Reuters - Apr 29, 2026 - 3:42 PM

Oil majors eye resurgent Canadian energy in wake of Middle East upheaval

Reuters - Apr 29, 2026 - 3:10 PM

Fed holds rates steady, but board vote is most divided since 1992

Reuters - Apr 29, 2026 - 3:04 PM

Powell says decision to stay on at Fed for a time reflects his concern over legal attacks

Reuters - Apr 29, 2026 - 3:02 PM

Fed's Powell says he will stay on as governor after chair term ends

Reuters - Apr 29, 2026 - 3:01 PM

Traders stick to bets the Fed will leave rates on hold well into next year

Reuters - Apr 29, 2026 - 2:53 PM

Vale posts 36% rise in Q1 profit on more sales, higher prices

Reuters - Apr 29, 2026 - 1:11 PM

US oil stocks plummet, country becomes net crude exporter on weekly basis for first time, EIA says

Reuters - Apr 29, 2026 - 1:02 PM

Grupo Mexico reports Q1 profit up 57%

Reuters - Apr 29, 2026 - 12:53 PM

Zijin plans $1.5 billion investment for La Arena copper mine

Reuters - Apr 29, 2026 - 11:50 AM

Argentina court lifts suspension on Vicuna copper project

Reuters - Apr 29, 2026 - 11:24 AM

India's gold investment demand tops jewellery for first time ever in March quarter

Reuters - Apr 29, 2026 - 10:09 AM

Gold extends decline as inflation worries linger, Fed meeting looms

Reuters - Apr 29, 2026 - 9:58 AM