Reuters US Economy

India’s manufacturing slump prompted February rate cut, says RBI rate panel’s Kumar

24 Feb 2025

By Swati Bhat MUMBAI (Reuters) – A sharp slowdown in India’s manufacturing sector – a key driver of job creation – was a major factor in the monetary policy committee’s (MPC) decision to cut the key repo rate earlier this month, an external member told Reuters. “In particular, there was a concern about the weaknesses …

India’s manufacturing slump prompted February rate cut, says RBI rate panel’s Kumar Read More »

Take Five: Ukraine, Germany, tariffs and more – markets digest huge plate of news

24 Feb 2025

(Reuters) -Ukraine marks three years since Russia’s invasion began while U.S. President Donald Trump, in between tariff threats, pushes for a ceasefire, Germany faces coalition talks after an election, and investor faith in AI poster-child Nvidia gets a reality check. Here’s a look at the week in markets from Rae Wee in Singapore, Lewis Krauskopf …

Take Five: Ukraine, Germany, tariffs and more – markets digest huge plate of news Read More »

ECB’s Wunsch warns of risk of ‘sleepwalking’ into excessive rate cuts, FT reports

24 Feb 2025

(Reuters) – European Central Bank policymaker Pierre Wunsch said the euro zone faces the risk of “sleepwalking” into excessive interest rate cuts and must be prepared to stop soon, the Financial Times reported on Monday. The Belgian central bank governor said he felt “relatively comfortable” with the market expectation of 2% rates by the end …

ECB’s Wunsch warns of risk of ‘sleepwalking’ into excessive rate cuts, FT reports Read More »

Bank of Thailand to hold rates at 2.25% on February 26, cut once in Q2: Reuters poll

24 Feb 2025

By Pranoy Krishna BENGALURU (Reuters) – The Bank of Thailand (BOT) will keep its key interest rate unchanged on Wednesday and cut only once this year to preserve a policy buffer amid growing global uncertainties, a Reuters poll of economists found. With Thailand’s economy growing a solid 3.2% last quarter – the fastest in over …

Bank of Thailand to hold rates at 2.25% on February 26, cut once in Q2: Reuters poll Read More »

UK firms seek fewer staff but offer higher salaries, Adzuna says

24 Feb 2025

LONDON (Reuters) – British employers advertised the fewest jobs for the month of January in four years last month but salaries continued to rise strongly, according to figures published on Monday that illustrate the challenge facing the Bank of England. Job search company Adzuna said the number of vacancies on offer fell by 4.5% compared …

UK firms seek fewer staff but offer higher salaries, Adzuna says Read More »

BOJ isn’t fretting much about rising bond yields – for now

24 Feb 2025

By Leika Kihara TOKYO (Reuters) -Investors in Japan’s government bond market are getting a glimpse of life without heavy intervention by the Bank of Japan, which is showing little sign of reverting to a hands-on approach despite the recent steady rise in long-term interest rates. BOJ Governor Kazuo Ueda issued a mild warning on Friday …

BOJ isn’t fretting much about rising bond yields – for now Read More »

China announces rural revitalisation plans in annual policy blueprint

23 Feb 2025

SHENZHEN, China (Reuters) – China will deepen its rural reforms as part of efforts to revitalise the agricultural sector and bolster food security in the face of U.S. tariffs, an economic slowdown and climate change, state media reported on Sunday, citing a rural policy document. The State Council’s annual rural policy blueprint, known as the …

China announces rural revitalisation plans in annual policy blueprint Read More »

Oil settles down $2, posting weekly loss as Mideast risk premium fades

22 Feb 2025

By Georgina McCartney HOUSTON (Reuters) – Oil prices settled down more than $2 a barrel on Friday, posting a weekly decline as investors grappled with a fading Middle East risk premium alongside uncertainty about a potential peace deal in Ukraine. Brent futures settled down $2.05, or 2.68%, to $74.43 a barrel, while U.S. West Texas …

Oil settles down $2, posting weekly loss as Mideast risk premium fades Read More »

Mexico headline inflation likely ticked up in first half of February: Reuters poll

21 Feb 2025

MEXICO CITY (Reuters) – Mexico’s annual inflation rate likely rose during the first half of February as the core index remained flat, a Reuters poll predicted on Friday, boosting bets that the central bank will again opt to significantly lower borrowing costs in March. The median forecast from 11 analysts estimated that the annual headline …

Mexico headline inflation likely ticked up in first half of February: Reuters poll Read More »

Canada December retail sales up 2.5%, beating market expectations

21 Feb 2025

By Promit Mukherjee OTTAWA (Reuters) – Canada’s retail sales in December grew by a robust 2.5% on a monthly basis, beating analysts’ expectations, as a sales tax holiday bumped up spending on food and beverages and people also bought cars and vehicle parts, data showed on Friday. Retail sales in December are usually higher due …

Canada December retail sales up 2.5%, beating market expectations Read More »

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