By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist A sense of euphoria washed over global stock markets on Wednesday as a U.S.-Japan trade deal and indications of a U.S.-Europe agreement lifted major indexes around the world, pushing the S&P 500 and MSCI …
Trading Day: Tracking trade – from gloom to boom Read More »
SANTIAGO (Reuters) -Top copper supplier Chile on Wednesday bumped up its outlook for prices of the red metal, though it flagged lagging output from a major mine operated by Glencore and Anglo American as weighing on economic growth. Finance Minister Mario Marcel, in a presentation to Congress, upped the government forecast for average copper prices …
Chile bumps up copper price forecast, flags lagging Collahuasi output Read More »
ISTANBUL (Reuters) -Turkey’s economic growth is seen slowing this year while inflation will stay higher than government forecasts despite tight policy, a Reuters poll of economists showed. Growth in gross domestic product is expected to be 2.8% this year, slower than 3.2% in 2024, before picking up to 3.3% in 2026, according to the median …
Turkish growth seen below government forecasts, inflation higher: Reuters poll Read More »
NAIROBI (Reuters) -Kenya’s cost of servicing its debts is expected to remain stubbornly high, ratings agency Moody’s said on Wednesday, as the government leans on the domestic debt market to fund its budget shortfalls. The East African nation has one of the highest debt interest costs to revenue ratio in the world, Moody’s said, and …
Kenya’s debt costs to remain high due to local borrowing, Moody’s says Read More »
LONDON (Reuters) -Sterling firmed against the dollar and the euro on Wednesday helped by the optimism across global markets after the U.S. and Japan struck a trade deal which boosted stocks and currencies, such as the pound, which can move with global growth expectations. The pound was last marginally higher against the dollar at $1.3540, …
Sterling stronger, supported by global market optimism Read More »
By Kopano Gumbi JOHANNESBURG (Reuters) -South Africa’s inflation rate edged higher in June, reaching the base of the central bank’s target range, but analysts said there was still scope to ease monetary policy. Headline consumer inflation rose to 3.0% year-on-year, up from 2.8% in May and in line with the median forecast of economists polled …
South Africa’s small inflation rise leaves room for rate cuts, analysts say Read More »
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka held its benchmark interest rate steady at 7.75% on Wednesday, but the central bank chief said further easing was possible as the island nation awaits the outcome of tariff talks with the U.S. The decision was widely expected, with most analysts in a Reuters poll predicting a hold …
Sri Lanka central bank holds rates on tariff uncertainty Read More »
By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) -Seoul will take a close look at the terms of a U.S.-Japan trade deal, South Korea’s industry minister said on Wednesday, holding out the prospect of greater cooperation in the energy and industrial sectors ahead of key trade talks in Washington. Japan and South Korea, manufacturing powerhouses …
South Korea to scrutinise US-Japan trade deal as officials fly to Washington Read More »
By Satoshi Sugiyama TOKYO (Reuters) -The Bank of Japan will raise its key interest rate by at least 25 basis points by year-end, a majority of economists said in a Reuters poll, although that could be swayed by global trade tensions and domestic political uncertainty. The BOJ is seeking to push for slightly tighter monetary …
BOJ to hike rates this year despite uncertainties, economists predict: Reuters poll Read More »
SYDNEY (Reuters) -Australia’s statistician on Wednesday provided more detail on the introduction of a new complete monthly consumer price index that will bring the country in line with its global peers and allow for more timely decisions by policy makers. The new series, which starts on November 26, will be a huge relief to the …
Australia outlines new complete monthly CPI, in relief for policy makers Read More »
