Reuters US Economy

BRASILIA (Reuters) – Brazil’s public sector gross debt rose in February from the previous month, central bank data showed on Tuesday, driven by the country’s heavy interest burden. The debt load reached 76.2% of gross domestic product (GDP), up from 75.7% in January, in line with economists’ projections in a Reuters poll. Under the methodology …

Brazil’s gross debt hits 76.2% of GDP in February amid high interest costs Read More »

FRANKFURT (Reuters) – U.S. tariffs will be a massive drag on global growth and the European Central Bank will do its part to support Europe but the solution lies in more unity on the continent, ECB policymaker Joachim Nagel said on Tuesday. Stocks have fallen sharply since U.S. President Donald Trump unveiled tariffs targeting most …

ECB’s Nagel says global growth deteriorated ‘massively’ Read More »

A look at the day ahead in European and global markets from Kevin Buckland European investors still staggering from a nearly 12% plunge over three days in their regional stock benchmark are waking up to a futures market pointing more than 3% higher. So what gives? President Donald Trump has hardly backed down in his …

Morning bid: Ray of hope or false dawn for markets? Read More »

(Reuters) – Christian Hawkesby has been appointed as Governor of the Reserve Bank of New Zealand (RBNZ) for a six-month term as the search for a permanent leader continues, Finance Minister Nicola Willis said on Tuesday. Hawkesby had been serving as RBNZ’s acting governor following the sudden resignation of Adrian Orr last month with three …

New Zealand appoints Christian Hawkesby as interim RBNZ Governor Read More »

BEIJING (Reuters) -China’s central bank said on Tuesday it supported sovereign wealth fund Central Huijin Investment increasing its holdings in stock market index funds. The People’s Bank of China would provide re-lending support to Central Huijin Investment, a unit of China Investment Corp, when necessary to maintain the smooth operation of the capital market, it …

China cenbank says it supports sovereign wealth fund stepping in to support stocks Read More »

SYDNEY (Reuters) – A measure of Australian consumer sentiment dived from a three-year high in April as market turmoil triggered by U.S. President Donald Trump’s tariff plans hit the outlook for the economy and family finances, a survey showed on Tuesday. The Westpac-Melbourne Institute index of consumer sentiment Slid 6.0% in April from March, more …

Australia April consumer confidence slammed by tariff turmoil Read More »