By Ateeq Shariff (Reuters) – Stock markets in the Gulf ended lower on Sunday in response to Friday’s fall in oil prices, although the Saudi index bucked the trend to trade higher. Oil – a catalyst for the Gulf’s financial markets – fell on Friday as the release of some hostages in Gaza reduced the …
Most Gulf markets in the red on falling oil prices Read More »
(Reuters) – Mastercard Spendingpulse said on Saturday that U.S. retail sales on Black Friday rose 2.5% year-over-year excluding automotive sales, not adjusted for inflation. In September, Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, said it anticipated U.S. retail sales, excluding automotive, to grow 3.7% during the holiday season, …
US Black Friday sales rise 2.5% -Mastercard Spendingpulse Read More »
By Siddharth Cavale, Katherine Masters and Arriana McLymore NEW YORK/RALEIGH, N.C. (Reuters) -Shoppers took to stores across the world on a Black Friday that appeared subdued compared with prior years, looking for discounted electronics, clothing and household goods in the kickoff to the holiday shopping season crucial to big retailers. Brokerage TD Cowen lowered its …
‘A lot quieter’ Black Friday brings out discount hunters Read More »
(Reuters) – Argentina President-elect Javier Milei said on Friday he had spoken with the director of the International Monetary Fund (IMF), Kristalina Georgieva, regarding plans to adjust the country’s fiscal policy and monetary program. “The Fund showed itself to be collaborative in looking to find the structural solutions Argentina needs,” Milei said on social media …
Argentina’s Milei, IMF discuss fiscal adjustment plan, monetary program Read More »
By Stephen Culp NEW YORK (Reuters) -U.S. stocks ended little changed in holiday-shortened trading on Friday, with low volume and conviction as investors watched the start of the seasonal shopping season for signs of consumer resiliency. The S&P 500 closed nominally higher, while the Dow eked out a modest gain. The Nasdaq was dragged slightly …
Wall St ends mixed in truncated Black Friday trading Read More »
By Jorgelina do Rosario and Jorge Otaola BUENOS AIRES (Reuters) – Argentine former central banker Luis Caputo, frontrunner to be the new economy minister, met local and international bank officials on Friday to lay out the economic plans of President-elect Javier Milei, three sources and a banking group said. The meeting at the La Rural …
Argentina’s economy chief frontrunner pitches Milei’s ‘shock’ therapy to banks – sources Read More »
(This Nov. 21 story has been corrected to say that services prices ‘accelerated to 4.6%, the largest increase,’ not ‘accelerated 4.6%, the fastest pace,’ in paragraph 10) By Ismail Shakil and Steve Scherer OTTAWA (Reuters) – Canada’s annual inflation rate eased more than expected to 3.1% in October and core inflation measures edged down to …
Canada’s inflation eases in October, likely closing door on more rate hikes Read More »
By Bansari Mayur Kamdar and Suzanne McGee (Reuters) – Exchange-traded funds (ETFs) tracking U.S. retailers moved higher in shortened trading hours on Black Friday, outpacing broader market indexes. While the S&P 500 index ended little changed, the Amplify Online Retail ETF climbed 0.4% and the broader SPDR S&P Retail ETF gained about 0.7%. Both continued …
BERLIN (Reuters) -Germany’s economy shrank slightly in the third quarter compared with the previous three months, data from its statistics office showed on Friday. The figure confirmed an initial estimate, published in late October, that saw Europe’s largest economy shrink by 0.1%. “After the weak economic development seen in the first half of 2023, the …
Germany’s economy shrinks slightly in third quarter Read More »
VIENNA (Reuters) – European Central Bank policymakers should discuss at their meeting next month whether to wind down bond reinvestments under the Pandemic Emergency Purchase Programme early, Austrian Governor Robert Holzmann said in remarks published on Friday. “My suggestion would be to reduce reinvestments step by step as of March,” Holzmann told Austrian newspaper Die …
ECB’s Holzmann tells paper he wants cut in PEPP reinvestments from March Read More »
