By Matt Tracy (Reuters) – It could be a bumpy ride for U.S. corporate bond spreads in 2025, with investors and strategists expecting more market volatility, as the new Trump administration implements a reform agenda that could be inflationary and slow the pace of U.S. interest rate cuts. Corporate credit spreads, the premium over Treasuries …
Bumpy ride for US corporate bond spreads expected in 2025 Read More »
By David Ljunggren OTTAWA, Dec 23 (Reuters) – The Bank of Canada’s decision to cut rates by 50 basis points on Dec 11 was a close call, with some members of the governing council suggesting a smaller reduction, according to minutes released on Friday. The central bank slashed its key policy rate to 3.25% to …
Bank of Canada’s Dec 11 jumbo rate cut was a close call, minutes show Read More »
By Harry Robertson LONDON (Reuters) -Euro zone government bond yields rose to their highest level in around a month on Monday as investors continued to try to gauge the outlook for central bank rate cuts in 2025. The Federal Reserve last week put upward pressure on U.S. government bond yields, which set the tone for …
OTTAWA (Reuters) – Canada’s economy exceeded market expectations with 0.3% growth in October, led by increases in oil and gas extraction and manufacturing, but gross domestic product likely contracted in November, data showed on Monday. Analysts polled by Reuters had forecast a 0.2% month-over-month rise in October. September’s growth rate was upwardly revised to 0.2% …
Canada’s economy tops October growth forecast; contraction seen in November Read More »
BRASILIA (Reuters) – Brazil recorded a current account deficit of $3.1 billion in November, the central bank said on Monday, widening the 12-month shortfall mainly due to a weaker trade surplus. The monthly deficit was narrower than the $3.3 billion forecast in a Reuters poll of economists, but marked a significant deterioration from the $3 …
Brazil posts $3.1 billion current account deficit in November Read More »
BEIJING (Reuters) – China’s domestic demand is gathering pace as cautious consumers increasingly choose to rent items from cameras to handbags rather than buying them, the official People’s Daily said, though government data tell a different story. The rise of the “rent, not buy” model has injected new impetus into the world’s second-largest economy, the …
Chinese media hail consumption boost even as caution spurs rentals, not buying Read More »
LONDON (Reuters) – British business confidence fell to its lowest level of 2024 in December but employers were a bit more optimistic about the wider economy, according to a survey published on Monday, while separate data showed a pre-Christmas rise in hiring and pay. The Lloyds Bank Business Barometer measure of confidence among companies fell …
UK business morale falls to 2024 low but pay growth strong, surveys show Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks rallied to close out the trading week on Friday after two lackluster sessions as a cooler-than-expected inflation report and comments from Federal Reserve officials eased worries about the path of interest rates. The latest inflation report in the form of the Personal Consumption Expenditure (PCE) index showed …
Stocks rally after inflation data but close lower for the week Read More »
By Nelson Bocanegra, Carlos Vargas BOGOTA (Reuters) -Colombia’s central bank on Friday cut its benchmark interest rate by 25 basis points to 9.50%, a smaller move than expected by markets, as it slowed the pace of its easing due to domestic fiscal uncertainty and decisions by its peers around the world. All 25 analysts in …
Colombia’s central bank delivers smaller rate cut than expected Read More »
BUENOS AIRES (Reuters) – Argentina’s economic activity fell 0.7% in October compared with the same month a year earlier, the fifth consecutive month the economy has contracted in year-on-year terms, the official statistics agency said on Friday. Analysts had forecast a 2.2% contraction. The grains-rich country’s economic activity increased 0.6% versus a month earlier, after …
Argentina economic activity down 0.7% in October, beating expectations Read More »
