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Fed's Jefferson cautiously optimistic about economy, sees job market stabilizing, inflation falling

WASHINGTON, Feb 6 (Reuters) - Federal Reserve Vice Chair Philip Jefferson said on Friday he was "cautiously optimistic" about the 2026 economic outlook, with growth expected to remain slightly above trend, the labor market stabilizing, and inflation resuming a decline to the U.S. central bank's 2% target.

Feb 06, 2026 - 12:34 PM

Canada's Ivey PMI shows activity decelerating in January

TORONTO, Feb 6 (Reuters) - Canadian economic activity expanded at a slower pace in January as a measure of employment dipped, Ivey Purchasing Managers Index (PMI) data showed on Friday.The seasonally adjusted index edged down to 50.9 last month from 51.9 in December.The Ivey PMI measures the month-to-month variation in economic activity as indicated by a panel of purchasing managers from across Canada. A reading above 50 indicates an increase in activity.

Feb 06, 2026 - 11:48 AM

Wall St gains footing after week-long tech slump, Amazon down on AI capex lift

Feb 6 (Reuters) - Wall Street indexes rebounded on Friday following a bruising selloff in technology shares through the week, but optimism was tempered by Amazon's drop after it became the latest Big Tech to ramp up spending on artificial-intelligence infrastructure.The S&P 500 and the tech-heavy Nasdaq advanced after three straight days of declines.Amazon (AMZN.O), slid 9% after the company forecast a more than 50% jump in capital expenditures this year, intensifying the AI-driven spending spree already underway among its "Magnificent Seven" peers.

Feb 06, 2026 - 10:18 AM

Canada loses 24,800 jobs, but unemployment rate dips to 6.5%

OTTAWA, Feb 6 (Reuters) - Canada unexpectedly lost 24,800 jobs in January but the unemployment rate dipped to a 16-month low of 6.5% as fewer people looked for work, Statistics Canada indicated on Friday.Analysts had forecast a gain of 7,000 jobs and for the unemployment rate to remain unchanged at 6.8%.Full-time employment in January rose by 44,900 jobs while part time employment fell by 69,700 positions.

Feb 06, 2026 - 9:54 AM

Investors look beyond US hedge funds for the first time since 2023, Barclays says

LONDON, Feb 6 (Reuters) - Investors are looking to decrease their exposure to U.S. hedge funds for the first time since 2023, as talk of the "Sell America" trade has simmered since U.S. President Donald Trump's sweeping Liberation Day levies in April.Investors in the U.S. and Europe told Barclays that for the first time in three years they were planning to reduce exposure to U.S.-based hedge funds by around 5% and looking to increase the money they invest in managers in Asia and Europe, according to a survey of 342 investors managing a total of $7.8 trillion in assets.

Feb 06, 2026 - 9:52 AM

Tech-led selloff drags Asian stocks; Indonesia tumbles on Moody's outlook cut

Feb 6 (Reuters) - South Korean shares ended lower on Friday as investors continued to retreat from technology stocks, while Indonesian equities fell 3% after Moody's cut the country’s credit outlook, adding pressure on Southeast Asia’s largest economy.The MSCI index of emerging Asian equities (.MIMS00000PUS), slipped 0.6% and was set for its worst week since Nov. 21 with a 2.1% loss. The regional IT gauge (.MIMS0IT00PUS), has fallen nearly 3% this week, its steepest drop since mid-December.

Feb 06, 2026 - 9:50 AM

Wall St Week Ahead Tech stock shakeout clouds market ahead of economic data deluge

NEW YORK, Feb 6 (Reuters) - An artificial intelligence-driven shakeout in the heavyweight technology sector is set to keep stock investors on edge in the coming week while a barrage of data could shift focus to the health of the economy.

Feb 06, 2026 - 8:37 AM

ECB's Kocher sees dollar weakness rather than euro strength

VIENNA, Feb 6 (Reuters) - The euro's current strength against the dollar is mainly due to weakness of the U.S. currency that may be what Washington wants, European Central Bank policymaker Martin Kocher said on Friday."We do not currently see a strength of the euro, because growth in Europe is too weak for that. We see a weakness of the dollar, partially desired, possibly, politically desired," Kocher told reporters, adding that Europe is also seen as more of a safe haven than a year or two ago.Reporting by Francois Murphy; Editing by Alex Richardson

Feb 06, 2026 - 8:34 AM

Canadian dollar dips as risk aversion offsets BoC case against easing further

TORONTO, Feb 5 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Thursday as investors grew risk averse, but the move was limited after Bank of Canada Governor Tiff Macklem pushed back against prospects of additional interest rate cuts to support the economy.The loonie was trading 0.1% lower at 1.3675 per U.S. dollar, or 73.13 U.S. cents, after moving in a range of 1.3653 to 1.3699.The U.S. dollar touched a near two-week high as fresh volatility gripped Wall Street.

Feb 05, 2026 - 3:48 PM

Mining

Kumba Iron Ore expects 23% profit jump on higher prices and sales volumes

South Africa’s Kumba Iron Ore said on Thursday it expects its full-year profit to increase by as much as 23%, driven by higher mineral prices and sales volumes.Kumba, a unit of Anglo American, said it expects headline earnings between 13.9 billion rand and 15.33 billion rand ($862.55 million – $951.29 million) for the year ended December 2025, compared with 12.5 billion rand the previous year.

Feb 05, 2026 - 3:14 PM

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Canada's Ivey PMI shows activity decelerating in January

Wall St gains footing after week-long tech slump, Amazon down on AI capex lift

Canada loses 24,800 jobs, but unemployment rate dips to 6.5%

Investors look beyond US hedge funds for the first time since 2023, Barclays says

Tech-led selloff drags Asian stocks; Indonesia tumbles on Moody's outlook cut

Wall St Week Ahead Tech stock shakeout clouds market ahead of economic data deluge

ECB's Kocher sees dollar weakness rather than euro strength

Canadian dollar dips as risk aversion offsets BoC case against easing further

Kumba Iron Ore expects 23% profit jump on higher prices and sales volumes

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