The interest rate on U.S. overnight repurchase agreements slipped on Friday after an operation conducted by the New York Federal Reserve that parked $75 billion in temporary cash in the U.S. banking system. The overnight repurchase agreement rate was last 1.85%-1.95%, compared with 1.90%-2.00% before the latest repo operation.
* China agriculture delegation scraps U.S. farm visit to Montana. * MSCI world equity index slips. * Central bank easing helps risk sentiment but trade tensions hurt. * Treasury yields fall; dollar slips vs yen. * Oil prices edge higher. By Saqib Iqbal Ahmed.
U.S. Treasury yields fell on
Friday after a Chinese delegation canceled planned visits to
U.S. farms, raising concerns that the United States and China
are unlikely to forge a trade deal in the near ...
* Gold up 1.5% so far this week. * Silver eyes first weekly rise in three. * GRAPHIC-2019 metals performance: http://tmsnrt.rs/2jvdmXl. By Asha Sistla. Palladium soared to an all-time high on Friday, with producers locking in stocks of the auto-catalyst metal squeezed by a sustained supply shortage, while gold firmed en route to its first weekly gain in four supported by Middle East tensions.
Dallas Fed President Robert Kaplan said on Friday he supports the "modest and limited" interest-rate cuts that the U.S. Federal Reserve has delivered this year to keep the economy humming, despite weakness in manufacturing due to slowing global growth amid rising trade tensions.
Brazil's government will free up 12.5 billion reais for discretionary spending, the Economy Ministry said in its latest bi-monthly spending and revenue report on Friday, as it seeks to ease the pressure on departmental budgets following deep spending freezes this year.
Wall Street's main indexes dropped sharply on Friday after Chinese agriculture officials who were due to visit U.S. farm states next week canceled their trip to Montana, dampening early optimism on U.S.-China trade talks.
Argentine bond prices rose and risk spreads tightened on Friday after the government submitted a debt renegotiation framework bill to Congress the night before, lending some clarity to how the country will respond to its latest financial crisis.
The U.S. dollar will make up 50% of the basket of currencies backing Facebook's (FB) planned digital coin Libra, with the euro, yen, sterling and Singapore dollar comprising the rest, Der Spiegel reported, referring to a letter from Facebook.
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