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  • Business
    Reuters

    CANADA STOCKS-TSX futures retreat ahead of inflation data

    Futures for Canada's main stock index fell on Tuesday as investors turned cautious after hotter-than-expected domestic producer prices data raised the risk of an upside surprise to the inflation data later in the day. All eyes will be on Canada's consumer price index (CPI) data due at 8:30 a.m. ET, for clues on the central bank's policy outlook. Money market participants see the Bank of Canada to cut interest rates by 60 basis points in 2024, with the first rate cut likely in July.

  • Business
    Reuters

    Israeli gas exports to Egypt from Leviathan field jumped in 2023 -NewMed

    Natural gas exports from Israel's offshore Leviathan field to Egypt jumped by 28% in 2023, and production at the site is due increase in late 2025, NewMed Energy said on Tuesday. The company also reported a drop in fourth quarter profit. NewMed, the largest stakeholder in the huge Leviathan field, said overall sales from the field for the year fell to 11 billion cubic meters (bcm) from 11.4 bcm in 2022, adding the drop was due to new competition in the sector.

  • Business
    Reuters

    MORNING BID AMERICAS-Japan returns from upside-down world, AI fizzes

    If just two years ago, you'd imagined the day the Bank of Japan ended its negative interest rate era, you'd probably not have put the yen near 34-year lows through 150 per dollar or the Nikkei stock index within 2% of record highs. Yet, here they are - and Bank of Japan policy rates are positive again for the first time since 2016 after the BOJ delivered its first rate hike in 17 years at Tuesday's meeting.