Reuters US Economy

SAO PAULO (Reuters) -The Brazilian central bank said on Friday it will offer up to $2 billion in two dollar auctions with repurchase agreements on Monday morning. In a statement, the central bank said the simultaneous auctions will start at 10:30 a.m. local time, and aim to roll over contracts maturing in January. The repurchases …

Brazil cenbank to offer $2 billion in dollar auctions with repurchase deal on Monday Read More »

By Anastasiia Kozlova, Johann M Cherian and Tharuniyaa . (Reuters) -European shares slid on Friday and registered a weekly decline as concerns over stretched tech valuations came to the fore again, while defence stocks weakened amid signs of possible progress toward ending Russia’s war in Ukraine. The pan-European STOXX 600 fell 0.3% to 562.1 points, …

European shares log a weekly decline, defence stocks slide Read More »

(Reuters) -Federal Reserve Governor Stephen Miran on Friday said he would vote for a quarter-percentage-point interest rate cut at the December meeting if his vote meant the difference in securing a rate reduction, despite having dissented at both of his prior meetings in favor of a larger cut. “I would absolutely vote for a 25-basis-point …

Fed’s Miran would back 25-bp rate cut if he were ‘marginal vote’ – BBG TV Read More »

WASHINGTON (Reuters) -U.S. wholesale inventories were unchanged in August as increases in stocks of long-lasting manufactured goods like motor vehicles offset decreases in prescription medication and paper. The unchanged reading reported by the Commerce Department’s Census Bureau on Friday was an upward revision to the 0.2% decline estimated in September. Economists polled by Reuters had …

US wholesale inventories revised higher in August Read More »

OTTAWA (Reuters) -Canadian retail sales fell in September, reversing a positive trend last month, as consumers spent less in buying cars, automotive parts and building materials among others, data showed on Friday.  Retail sales fell by 0.7% to C$69.81 billion ($49.47 billion) on a monthly basis after a 1% growth in August, Statistics Canada said …

Canada September retail sales down 0.7%; seen unchanged in October Read More »

(Reuters) -Federal Reserve Vice Chair Philip Jefferson on Friday said he feels the current surge in stocks related to artificial intelligence is unlikely to be a replay of the late 1990s dot-com stock boom that ended in a bust, in large part because AI-related firms are well established and have actual earnings. A recent Fed …

Fed’s Jefferson: AI-related stock gains unlikely to be dot-com boom replay Read More »

(Reuters) -U.S. equity funds attracted investment inflows for a fifth week in a row as investors focused on robust third-quarter earnings growth and brushed off concerns of lofty tech sector valuations. They invested a net $4.36 billion into U.S. equity funds in the week through November 19, a nearly fourfold increase from approximately $965 million …

US equity funds attract fifth straight weekly inflow amid robust earnings results Read More »