By Ismail Shakil and Promit Mukherjee OTTAWA (Reuters) – Canada’s economy added nearly four times the number of jobs forecasted for December and reached its highest number in almost two years, shrinking bets for a rate cut later this month though one is still expected by the majority of economists. The economy added a net …
Canada’s robust December job report shrinks rate cut bets Read More »
By Dawit Endeshaw ADDIS ABABA (Reuters) – Ethiopia launched a securities exchange on Friday, in what officials touted as a milestone in Prime Minister Abiy Ahmed’s drive to open up the country’s tightly controlled economy to private investment. Just one company, Wegagen Bank, was initially listed on the Ethiopian Security Exchange (ESX), although ESX chief …
Ethiopia launches stock exchange in fresh step to liberalise economy Read More »
TORONTO (Reuters) – Canada’s economy gained a net 90,900 jobs in December, largely in full-time work, and the jobless rate edged down to 6.7%, Statistics Canada data showed on Friday. Market reaction: [CAD/] Link: COMMENTARY ANDREW KELVIN, HEAD OF CANADIAN AND GLOBAL RATES STRATEGY, TD SECURITIES “Very strong report. The full-time, part-time split was favorable. …
Canada’s economy adds 90,900 jobs in December, jobless rate edges down Read More »
SAO PAULO (Reuters) – Brazil’s annual inflation came in slightly below market forecasts in December but still ended 2024 above the upper limit of the central bank’s target range, with policymakers tightening monetary policy as they vow to bring prices back to their goal. In Latin America’s largest-economy, 12-month inflation closed last year at 4.83%, …
Brazil’s inflation ends 2024 above target, setting stage for more rate hikes Read More »
By Karen Braun NAPERVILLE, Illinois (Reuters) -If anything can derail a price rally, it is a curveball from the U.S. Department of Agriculture. Chicago corn futures have ticked slightly lower to start the year, but they had climbed nearly 12% in the final two months of 2024, an unusually strong late-year run. Speculators now hold …
Will USDA data dump spoil the bullish party for corn? -Braun Read More »
SAO PAULO (Reuters) – JPMorgan analysts upgraded their assessment of Argentine state-run oil firm YPF in a note to clients, saying the energy industry in the South American country has room for further growth as part of the country’s “economic tranformation”. The U.S. investment bank raised its YPF recommendation to “overweight” from “neutral,” and more …
JPMorgan upgrades YPF, expecting further growth for Argentine energy sector Read More »
By Mike Dolan LONDON (Reuters) -The pound is once again taking the heat as UK financial markets wobble – often a sign of stress in a country highly dependent on foreign financing, but also potentially a safety valve to help resolve the problem. The new year’s alarming spike in British government bond yields owes much …
Sterling’s fall a problem and solution in UK gilt jolt :Mike Dolan Read More »
(Reuters) – Global markets face a choppy ride ahead of U.S. inauguration day on Jan. 20, with Britain and the U.S. releasing key inflation data, China publishing growth numbers while earnings on Wall Street and IPOs in Europe get underway. A selloff in global markets is also unnerving investors, with British markets at the centre …
KUALA LUMPUR (Reuters) – Malaysia’s industrial production rose 3.6% from a year earlier in November, above market expectations, government data showed on Friday. November’s factory output had been forecast to expand 2.6%, according to a Reuters poll. October’s factory output was revised down to 2.0% from 2.1%. (Reporting by Danial Azhar; Editing by Martin Petty)
LIMA (Reuters) – Peru’s central bank trimmed its benchmark interest rate by 25 basis points to settle at 4.75% on Thursday, surprising analysts who expected the country’s monetary authority to hold the rate steady at 5%. Peru has since September 2023 gradually eased the key lending rate from a high of 7.75% it held through …
Peru central bank cuts benchmark interest rate to 4.75% Read More »
