WASHINGTON (Reuters) -The U.S. Bureau of Economic Analysis said on Monday it had canceled the release of the advance gross domestic product estimate for the third quarter because of the recently ended government shutdown. The advance estimate was originally scheduled for release on October 30. Last week, the BEA said the second estimate of third-quarter …
US BEA cancels advance third-quarter GDP estimate Read More »
By Purvi Agarwal and Sukriti Gupta (Reuters) -European shares ended higher on Monday, boosted by technology-focused stocks as risk sentiment improved on growing expectations of a U.S. interest rate cut next month, while investors also focused on progress in the Ukraine peace plan. The pan-European STOXX 600 was up 0.31% to 563.83 points at close …
European shares recover on US rate-cut optimism; Ukraine peace talks in focus Read More »
BRASILIA (Reuters) -Brazil’s central bank remains dissatisfied with progress toward bringing inflation back to its target, its governor said on Monday, stressing that policymakers will maintain a data-dependent approach. Speaking at an event hosted by banking lobby Febraban, Gabriel Galipolo said the bank is “clearly moving in the desired direction to fulfill our mandate” of …
Brazil central bank still uneasy on inflation outlook, governor says Read More »
ACCRA (Reuters) -Ghana’s central bank is considering another interest rate cut after inflation fell faster than anticipated, leaving real borrowing costs at elevated levels that could constrain the economy’s recovery, the central bank governor said on Monday. The bank’s Monetary Policy Committee (MPC) slashed its main interest rate by a record 350 basis points to …
Bank of Ghana weighs rate cut as inflation cools faster than expected Read More »
By Aida Pelaez-Fernandez MEXICO CITY (Reuters) -Mexico’s annual inflation rate stood above expectations at 3.61% in the first half of November, official data showed on Monday, affected by sticky core inflation. Economists polled by Reuters had forecast an annual rate of 3.56%. Mexico’s central bank board members expect the current weakness of Mexico’s economy would …
Mexico’s persistent core inflation fuels annual price rises in early November Read More »
By Pete Schroeder WASHINGTON (Reuters) -The U.S. banking industry saw its profits jump 13.5% to $79.3 billion in the third quarter of 2025, the Federal Deposit Insurance Corporation reported Monday. The FDIC said the stronger profits were primarily due to growth in non-interest income expense, as well as banks booking smaller loss provision expenses. In …
By Maria Martinez BERLIN (Reuters) -German business morale unexpectedly fell in November, a survey showed on Monday, as companies lose hope on a recovery of the German economy following two years of contraction. The Ifo institute said its business climate index fell to 88.1 in November from 88.4 in October, below a consensus of 88.5 …
German business sentiment unexpectedly falls in November, Ifo survey finds Read More »
(Reuters) -Global markets head into another packed week where political leaders, policymakers and consumers take centre stage against a backdrop of nervy markets – with tech stocks and the likes of bitcoin coming under fire. G20 leaders gather in South Africa, Britain’s finance minister delivers a highly anticipated budget, while Alibaba’s earnings will offer a …
By Lewis Krauskopf NEW YORK (Reuters) -With U.S. stocks in the midst of a grim month, investors will look in the coming week for signs of strength in the U.S. consumer with Black Friday putting the spotlight on the holiday shopping season. The rally in stocks has stalled in November, with the benchmark S&P 500 …
Black Friday puts focus on consumer spending for rocky markets Read More »
(Reuters) -Global ratings agency Moody’s on Friday upgraded Italy’s sovereign rating to “Baa2” from “Baa3”, citing the country’s consistent track record of political and policy stability. “Italy is making good progress in meeting the milestones and targets of the National Recovery and Resilience Plan, leading among all EU countries in terms of number of payment …
Moody’s grants Italy its first rating upgrade in 23 years Read More »
