By Mike Dolan – What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Wall Street looks set to firm up on Monday after last week’s tech sector wobble, with Nvidia earnings due on Wednesday and official U.S. government data returning against doused Federal Reserve easing speculation. …
Morning Bid: Calm returns ahead of Nvidia and data drops Read More »
(Reuters) -Futures tied to Canada’s main stock index were little changed on Monday, as investors braced for fresh economic indicators domestically and from the U.S. December futures on the S&P/TSX index were down 0.03%, as of 5:50 a.m. ET. The S&P/TSX composite index rose 0.2% on Friday, after early losses, as technology and energy shares …
TSX futures flat ahead of Canada’s inflation data Read More »
By Scott Murdoch and Roushni Nair SYDNEY (Reuters) -Australia’s biggest banks are ramping up efforts to reduce their reliance on mortgage brokers in the nation’s $1.6 trillion home loan market, looking to offset pressure on profit margins from lower interest rates, higher costs and intensifying competition. Mortgage brokers account for almost 80% of new home …
Australia’s Big Four banks move to bypass mortgage brokers as profits squeezed Read More »
By Steven Scheer JERUSALEM (Reuters) -Israel’s economy rebounded sharply in the third quarter, putting in a stronger-than-expected performance after a weak second quarter that was hit by the conflict with Iran on top of the Gaza war. Gross domestic product grew an annualised 12.4% in the July-to-September period from the prior three months, the Central …
Israel economy powered to 12.4% gain in Q3 after end of Iran conflict Read More »
By Rachna Uppal and Federico Maccioni ABU DHABI (Reuters) -Saudi firms are scaling back generous salary premiums that once lured top foreign talent into sectors such as construction and manufacturing as the kingdom reins in spending and reorders economic priorities, four recruiters told Reuters. Saudi Arabia, the world’s top oil exporter, is more than halfway …
Saudi Arabia scales back salary premiums for foreign talent, recruiters say Read More »
By Ann Saphir (Reuters) -As U.S. agencies on Friday began announcing plans for releasing economic data delayed by the government shutdown, a trio of U.S. central bankers reiterated their concerns about inflation while the Fed’s most dovish policymaker said economic data in hand argued for another rate cut. In the meantime, financial markets placed their …
As Fed hawks press their case, traders bet against December cut Read More »
(Reuters) -Global ratings agency Fitch affirmed Ukraine’s long-term foreign currency sovereign credit rating at “restricted default” on Friday, saying it would remain unchanged until the country normalizes relations with most external commercial creditors. As Ukraine’s war with Russia nears its fourth year, the prolonged conflict continues to strain the economy, pushing defense spending to about …
Fitch retains Ukraine’s sovereign rating at ‘restricted default’ Read More »
, (Reuters) -The task of clearing the huge backlog of shutdown-delayed U.S. data begins, the world’s most valuable company Nvidia publishes its results and new inflation numbers will keep Europe’s central banks on their toes. Over in Asia, new Japanese Prime Minister Sanae Takaichi’s fiscal policy is taking shape, and Chile holds an election in …
(Reuters) -The International Monetary Fund on Friday said its executive board had approved a new two-year, $24 billion flexible credit line for Mexico to act as a buffer against external risks, noting the country has steadily reduced its reliance on the precautionary fund in recent years. The Mexican authorities intend to treat the new arrangement …
IMF approves fresh, smaller $24 billion credit line for Mexico Read More »
By Johann M Cherian and Sukriti Gupta (Reuters) -European shares fell on Friday, as hawkish commentary from U.S. policymakers dampened expectations of an imminent interest rate cut, even as the benchmark STOXX 600 index registered its strongest weekly performance since late September. The pan-European STOXX 600 ended down 1% to 574.81 points, with banks down …
European shares fall as US rate cut expectations wane; UK fiscal worries resurface Read More »
