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  • Mexican auto sales dive 58.9% in May but pace of decline eases

    Mexican auto sales tumbled 58.9% in May from a year earlier amid the economic slump caused by the coronavirus pandemic, but the pace of the decline eased slightly compared to April, data from national statistics agency INEGI showed on Wednesday. May sales fell to 42,028 units from 102,402 in May 2019, according to INEGI.

  • CANADA STOCKS-TSX hits 3-month high on recovery hopes; BoC stands pat

    • BY Reuters|
    • 10:46 AM ET 06/03/2020

    Canada's main stock index clinched a new three-month high on Wednesday on optimism over reopening of global economies, while the country's central bank held interest rates unchanged as expected. The Bank of Canada held its overnight rate at 0.25% on Wednesday, following a cumulative 150 basis points of cuts since the start of the COVID-19 pandemic.

  • U.S. factory orders extend decline in April

    New orders for U.S.-made goods plunged in April and business spending plans on equipment were much weaker than initially thought, suggesting business investment remained depressed early in the second quarter amid the COVID-19 pandemic. The Commerce Department said on Wednesday factory orders dropped 13.0% after falling 11.0% in March. Factory orders fell 8.0% year-on-year in April.

  • Indian elephant dies after eating fruit packed with firecracker, police investigating

    • BY Reuters|
    • 10:43 AM ET 06/03/2020

    A pregnant elephant died in India apparently after eating some fruit containing a firecracker that exploded in her mouth, prompting a criminal investigation into suspected cruelty toward animals, forestry officials said on Wednesday.

  • US STOCKS-Wall Street gains on Boeing, recovery hopes

    • BY Reuters|
    • 10:42 AM ET 06/03/2020

    * Boeing (BA) rises as Third Point reveals stake. * Lyft (LYFT) climbs as trends improve in May. * Coty (COTY) rises on potential collaboration with Kim Kardashian West. * Microchip climbs after sale, profit forecast raise. * Indexes up: Dow 0.98%, S&P 500 0.78%, Nasdaq 0.41% By Shreyashi Sanyal and Devik Jain.

  • Bank of Canada holds rates steady, says COVID-19 impact has likely peaked

    • BY Reuters|
    • 10:38 AM ET 06/03/2020

    The Bank of Canada held its key overnight interest rate steady on Wednesday and said the impact of the coronavirus pandemic on the global economy appears to have peaked, while the Canadian economy seems to have avoided worst-case scenario projections. The decision to hold rates came on the same day new governor Tiff Macklem took helm of the central bank.

  • FOREX-Dollar index dips to 11-week low as risk appetite improves

    The U.S. dollar fell to an 11-week low against a basket of other currencies on Wednesday, on optimism that the worst of the economic downturn stemming from the global spread of the coronavirus is over.

  • U.S. factory orders extend decline in April

    New orders for U.S.-made goods plunged in April and business spending plans on equipment were much weaker than initially thought, suggesting business investment remained depressed early in the second quarter amid the COVID-19 pandemic. The Commerce Department said on Wednesday factory orders dropped 13.0% after falling 11.0% in March. Factory orders fell 8.0% year-on-year in April.

  • EMERGING MARKETS-Brazil's real on a tear amid bleak outlook

    • BY Reuters|
    • 10:12 AM ET 06/03/2020

    Brazil's real surged 2.6% on Wednesday after industrial output in the country fell less than expected, while other Latin American currencies joined a rally in risk assets on hopes of a strong ...

  • Bank of Canada holds rate at 0.25 percent

    • BY Reuters|
    • 10:09 AM ET 06/03/2020

    The Bank of Canada held its key overnight interest rate steady as expected on Wednesday and said that data shows the impact of the COVID-19 pandemic on the global economy appears to have peaked, though uncertainty remains. The central b. ank held its rate at 0.25% in a decision made on the same day new governor Tiff Macklem took helm.

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