Reuters US Economy

(Reuters) -Central banks likely bought large amounts of gold in November in a multi-year trend to diversify reserves to hedge geopolitical and financial risks, Goldman Sachs said on Monday. The Wall Street firm estimated purchases of 64 tonnes for September, up from 21 tonnes in August. Goldman reiterated in a note that gold prices will …

Goldman Sachs sees continued central bank gold buying in November Read More »

By David Lawder WASHINGTON (Reuters) -The International Monetary Fund said on Monday it planned an “intensive program of engagement” with Syria to help it rebuild its economy, but a statement issued at the end of an IMF staff visit to Damascus did not mention any discussions of financial assistance for the country. Nearly a year …

IMF sees signs of recovery in Syria, plans intensive engagement Read More »

By Johann M Cherian, Anastasiia Kozlova and Sukriti Gupta (Reuters) -European shares slipped on Monday, as investors avoided big bets ahead of a long-awaited jobs report from the U.S. that could offer clarity on the health of the world’s largest economy.  The pan-European STOXX 600 closed down 0.5% at 571.68 points. Other regional indexes also declined, …

European shares slip as caution prevails ahead of critical US data Read More »

By Olena Harmash and Dan Peleschuk KYIV (Reuters) -The International Monetary Fund mission launched talks on Monday with Ukraine on a new lending programme critical to its wartime fortunes, as Kyiv grapples with a wide-ranging corruption probe that has shaken faith in the government. Ukraine relies on the IMF and other foreign lenders to cover …

IMF holds new talks with Kyiv as government grapples with graft scandal Read More »

Canada’s main stock index slipped on Monday, as investors digested a local inflation print, while caution swept across markets ahead of Nvidia’s results and the resumption of U.S. government data releases. At 9:30 a.m. ET, Toronto’s S&P/TSX composite index was down 0.16% at 30,278.39 points. (Reporting by Pranav Kashyap in Bengaluru; Editing by Shreya Biswas)

(Reuters) -White House economic adviser Kevin Hassett on Monday said there have been mixed signals in the job market, and that the labor market could be slowing down. “I think that there have been mixed signals in the job market and really, really positive signals in the output markets,” Hassett told CNBC in an interview. …

White House adviser Hassett says there have been mixed signals in job market Read More »

AMSTERDAM (Reuters) -Risks surrounding the euro zone inflation outlook are balanced and the current level of interest rates is appropriate, Dutch central bank chief Olaf Sleijpen told a news conference on Monday. The ECB has left interest rates unchanged since June and markets expect no change even in December, when the ECB releases a fresh …

ECB’s Sleijpen: risks are balanced, policy is appropriate Read More »