Euro STOXX gains 0.8% Wall Street should win Markets cut odds of 75 basis point hike ahead of US CPI The dollar is falling Oil recovers its first losses and tries to rally LONDON/SYDNEY, Aug 8 (Reuters) – Stocks gained ground on Monday, regaining their footing after a strong U.S. jobs report last week bolstered … Read more
China’s July exports rise at a faster pace than expected Imports disappoint again, highlighting weak domestic demand The trade balance hit a record high in July Weak foreign demand adds stress to trade and economic outlook BEIJING, Aug 7 (Reuters) – China’s export growth unexpectedly accelerated in July, providing an encouraging boost to the economy … Read more
LONDON, Aug 5 (Reuters) – European stocks fell slightly on Friday but were still poised for a weekly gain as traders waited for U.S. jobs data later in the session to give hints on the health of the world’s largest economy. The MSCI Global Equity Index, which tracks stocks from 47 countries, rose 0.2% and … Read more
Oil hits pre-Ukraine lows as demand outlook deteriorates The Bank of England expects a recession throughout 2023 Treasury Yield Curve Inversion Deepens The dollar falls; the pound sterling slips against the euro OTTAWA, Aug 4 (Reuters) – Crude oil sank along with Treasury yields and the dollar on Thursday as recession worries intensified following the … Read more
Aug 3 (Reuters) – Federal Reserve officials on Wednesday expressed renewed determination to contain high inflation, although it was noted that a half-percentage-point hike in the Fed’s benchmark interest rate U.S. central bank next month could be enough to make progress toward that goal. “I’m assuming that 50 (basis points) would be a reasonable thing … Read more
NEW YORK, Aug 3 (Reuters) – U.S. stocks closed sharply higher and Treasury yields hit two-week highs on Wednesday amid strong economic data, upbeat business forecasts and easing geopolitical concerns boosted investors’ risk appetite. First-month crude futures fell following a report that U.S. crude and gasoline inventories rose unexpectedly last week. All three major U.S. … Read more
A depiction of bitcoin virtual currency and a US one dollar banknote are seen in front of a stock chart in this illustration taken January 8, 2021. REUTERS/Dado Ruvic Join now for FREE unlimited access to Reuters.com Register Aug 2 (Reuters) – It’s been a good month for bitcoin – and we haven’t said it … Read more
SHENZHEN, China, Aug 1 (Reuters) – On a busy downtown street, three delivery bikes suddenly rush across the pedestrian crossing in front of the car. On the car’s dashboard, they look like little 3D blue blocks from a 1990s video game. The steering wheel turns a notch and the vehicle gently slows down, while the … Read more
Employees work on the vehicle component production line during a government-organized media tour at a factory of German engineering group Voith, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China July 21, 2022. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register China July official manufacturing PMI lower than expected July official services … Read more
July 29 (Reuters) – Federal Reserve Chairman Jerome Powell said this week he was looking for convincing signs that inflation was easing before the U.S. central bank abandoned what has so far been its most aggressive series of interest rate hikes in decades. In data released on Friday, he largely got the opposite. Inflation according … Read more
