Reuters US Economy

Turkish April inflation at 3% monthly, stood at 37.86% annually

5 May 2025

ANKARA (Reuters) -Turkish inflation climbed 3% in April to stand at 37.86% annually, according to the Turkish Statistical Institute data on Monday, slightly lower than a Reuters poll forecast. Education, housing and restaurant prices led the rise in the annual print while clothing, housing and transportation added to the monthly inflation, according to data. In …

Turkish April inflation at 3% monthly, stood at 37.86% annually Read More »

Take Five: Shaken and stirred

5 May 2025

(Reuters) -The Federal Reserve will lead a pack of central banks meeting to set interest rates after weak U.S. GDP data and President Donald Trump’s outspoken criticism of Fed leadership rattled markets. China trade data and Asian inflation numbers are expected to show the first evidence of the impact of Trump-led tariffs, and markets assess …

Take Five: Shaken and stirred Read More »

Turkish April inflation seen at 3.1% on energy prices, FX pass-through

5 May 2025

ISTANBUL (Reuters) -Turkey’s monthly inflation rate is expected to climb to 3.1% in April, driven by energy prices and lira depreciation following the imprisonment of President Tayyip Erdogan’s main political rival, a Reuters poll showed on Tuesday. The median estimate of 11 economists saw monthly inflation climbing to 3.1% in April from 2.46% in March. …

Turkish April inflation seen at 3.1% on energy prices, FX pass-through Read More »

UAE non-oil business grows steadily in April as hiring speeds up, PMI shows

5 May 2025

ABU DHABI (Reuters) – Growth in the UAE’s non-oil private sector held steady in April, while employment rose at the fastest pace in 11 months as firms sought to reduce workloads and support new business growth, a survey showed on Monday. The seasonally adjusted S&P Global UAE Purchasing Managers’ Index (PMI) stayed at 54.0 in …

UAE non-oil business grows steadily in April as hiring speeds up, PMI shows Read More »

Barclays cuts 2025, 2026 Brent crude forecast as OPEC+ accelerates output hikes

5 May 2025

(Reuters) – Barclays lowered its Brent oil price forecast by $4 per barrel to $66/bbl for 2025 and by $2 to $60/bbl for 2026, citing the decision by OPEC+ to accelerate oil production hikes. “Tariff-related developments have certainly been a drag but the OPEC+ pivot has also been a significant driver of the move lower …

Barclays cuts 2025, 2026 Brent crude forecast as OPEC+ accelerates output hikes Read More »

Fed gets no reason to rush on rate cuts as job market holds up

2 May 2025

By Ann Saphir (Reuters) -Federal Reserve policymakers on the alert for possible cracks in the labor market as businesses adjust to President Donald Trump’s erratic trade policy got some reassurance on Friday that so far there’s little weakness, and no reason to rush on rate cuts. U.S. employers added a more-than-expected 177,000 jobs in April, …

Fed gets no reason to rush on rate cuts as job market holds up Read More »

Australia retail sales up modestly in March, add little to first-quarter growth

2 May 2025

By Stella Qiu SYDNEY (Reuters) -Australian retail sales rose only modestly in March and sales volumes were flat for the first three months of the year, suggesting consumer spending made no contribution to economic growth last quarter. The subdued result adds to the case for another interest rate cut in May, especially given the economic …

Australia retail sales up modestly in March, add little to first-quarter growth Read More »

US audit watchdog chief warns Republican changes put investors at risk

2 May 2025

By Chris Prentice NEW YORK (Reuters) -The chair of the U.S. accounting watchdog on Thursday warned against drastic changes to oversight of public companies’ auditors, a day after Republican lawmakers advanced legislation to effectively eliminate the group. Erica Williams, chair of the Public Company Accounting Oversight Board, said the organization is vital to the millions …

US audit watchdog chief warns Republican changes put investors at risk Read More »

Estimated S&P 500 Q1 profit growth jumps vs a wk ago; Q2 forecast falls further

1 May 2025

NEW YORK (Reuters) -Estimated earnings growth for S&P 500 companies for the first quarter of the year has jumped in the latest week, while the forecast for second-quarter earnings fell further, according to LSEG Thursday. Thanks in part to upbeat results from big tech-related names including Microsoft, year-over-year S&P 500 earnings growth for the first …

Estimated S&P 500 Q1 profit growth jumps vs a wk ago; Q2 forecast falls further Read More »

Close Bitnami banner
Bitnami