By Antonella Cinelli ROME (Reuters) -Italian industrial output rose unexpectedly in April from the month before, data showed on Tuesday, and increased from the year before for the first time in more than two years, in a sign of recovery for the long-struggling manufacturing sector. Industrial output in the euro zone’s third-largest economy rose 1.0% …
Italy industry output rises in April as long slump eases Read More »
By Mike Dolan LONDON (Reuters) -What matters in U.S. and global markets today I’m excited to announce that I’m now part of Reuters Open Interest (ROI), an essential new source for data-driven, expert commentary on market and economic trends. You can find ROI on the Reuters website, and you can follow us on LinkedIn and X. Markets have …
By Suban Abdulla and David Milliken LONDON (Reuters) -Pay growth in Britain slowed sharply and unemployment rose to its highest in nearly four years in the three months to April, official data showed on Tuesday, potentially making the Bank of England less cautious about cutting interest rates further. Wage growth excluding bonuses slowed to 5.2%, …
UK pay growth slows as jobless rate rises to highest since 2021 Read More »
By Bharath Rajeswaran (Reuters) -Indian equity mutual fund inflows fell to a 13-month low in May, marking the fifth consecutive month of decline, with large-, mid-, and small-cap funds all reporting reduced inflows. Net inflows dropped about 22% month-on-month to 190.13 billion rupees ($2.22 billion), the lowest since April 2024, data from the Association of …
Indian equity mutual fund inflows slump to 13-month low in May despite market gains Read More »
SYDNEY (Reuters) -Australian business activity stalled in May as consumers kept their wallets shut despite a cut in interest rates during the month, a survey showed on Tuesday, while firms reported increased pressure on profit margins. National Australia Bank’s survey showed its index of business conditions edged down 2 points to 0 in May, well …
Australia business activity stalls in May as retailers squeezed Read More »
SYDNEY (Reuters) -A measure of Australian consumer sentiment inched higher in June as a cut in interest rates gave only a limited lift to finances and the economic outlook, though there was a pick up in buying intentions. A Westpac-Melbourne Institute survey showed on Tuesday its main index of consumer sentiment edged up 0.5% in …
Australian consumers give muted cheer to lower interest rates Read More »
WELLINGTON (Reuters) -New Zealand’s Finance Minister Nicola Willis said on Tuesday that she would like New Zealand’s central bank monetary policy committee to meet more frequently raising concern about lengthy gap between meetings in summer. “Ultimately, the decision about how often the Monetary Policy Committee meets is a matter for the Reserve Bank, but my …
New Zealand finance minister would like RBNZ to return to eight meetings a year Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks climbed on Monday while the dollar retreated as talks began in London between the United States and China, aimed at cooling a trade dispute between the world’s two largest economies. The dispute has expanded beyond tit-for-tat tariffs to restrictions over rare earths, threatening to cripple supply chains …
Stocks climb, dollar dips with US-China trade talks eyed Read More »
By Aida Pelaez-Fernandez and Ricardo Figueroa MEXICO CITY (Reuters) -Mexico’s annual inflation rate accelerated in May and exceeded the upper-end of the central bank’s target range, official data showed on Monday, creating an uncertain landscape for borrowing costs in Latin America’s second-largest economy. Consumer prices in Mexico rose 4.42% in the year through May, according …
Mexico’s inflation exceeds target, casting doubt on next central bank moves Read More »
LONDON (Reuters) -The rate at which riskier U.S. companies default will increase next year, Deutsche Bank said in a Monday note, as a result either of weakening economic growth or the pressure of higher interest payments. BY THE NUMBERS The investment bank sees default rates for U.S. speculative grade companies – also known as high …
US corporate defaults to rise on higher-for-longer funding costs, says Deutsche Bank Read More »
