Reuters US Economy

By Promit Mukherjee OTTAWA (Reuters) – Canada’s fiscal targets over the next few years will be tougher to achieve as a promised Christmas handout last month by Prime Minister Justin Trudeau amplifies the impact of falling growth from immigration curbs. Combined with other pressures such as a commitment to increase defense spending, the United States …

Analysis-Canada Christmas stimulus, immigration curbs cast more doubt on fiscal targets Read More »

(Reuters) – Spain’s seasonally- and calendar-adjusted industrial output grew 1.9% in October from the same month a year earlier, official data from the country’s national statistics institute (INE) showed on Thursday. Analysts polled by Reuters expected a 0.3% increase. INE revised up the year-on-year figure for the month of September to 1.1% expansion from an …

Spain’s October industrial output rises 1.9% year-on-year Read More »

By Maria Martinez (Reuters) -German industrial orders fell in October, sapped by weak domestic demand, showing that a recovery in the industrial sector is not in sight. Orders declined by 1.5% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Thursday. A Reuters poll of analysts had …

German industrial orders fall 1.5% in October Read More »

LONDON (Reuters) – Business leaders globally are worried about the risk of recession, labour shortages and rising inflation, despite some signs of improvement in economic conditions, a World Economic Forum survey said on Thursday. Extreme weather events are an increasing concern, following a year of record temperatures, severe flooding and wildfires, including in major economies …

Business leaders fear recession, labour shortages, World Economic Forum says Read More »

A look at the day ahead in European and global markets from Tom Westbrook One bitcoin will now set you back six figures. The cryptocurrency’s break above the $100,000 milestone has felt inevitable since Donald Trump’s election as the next U.S. president on a crypto-friendly platform. While it is just a number, it highlights how …

Morning Bid: Bitcoin’s clean break Read More »

By Gaurav Dogra (Reuters) – Asian stocks were under selling pressure from foreign investors for a second consecutive month in November amid worries over potential U.S. tariff hikes on regional exports under the incoming Donald Trump administration next year. Foreigners net withdrew $15.88 billion out of equity markets in Taiwan, South Korea, India, Thailand, Indonesia, …

Asian stocks see heavy outflows for second straight month in November Read More »

TOKYO (Reuters) – Japan’s government has no plans to revise a joint statement with the central bank that focused on pulling the economy out of deflation, Prime Minister Shigeru Ishiba said on Thursday. The need to reverse excessive rises in the yen was shared with the public when former Prime Minister Shinzo Abe deployed his …

Japan PM Ishiba says no plan to revise joint BOJ statement Read More »

BERLIN (Reuters) – The German economy will grow by only 0.1% next year, following two consecutive years of contraction, according to the forecasts of the German Economic Institute IW, seen exclusively by Reuters on Thursday. The stability in the service sector is just enough to compensate for the continued declines in the industrial and construction …

German economy expected to grow by only 0.1% next year, IW Read More »

BRASILIA (Reuters) – Brazil’s central bank said on Tuesday that further deterioration in inflation expectations could extend the monetary tightening cycle, with its policy conduct remaining “a fundamental factor” in steering expectations back towards the 3% target. In the minutes from the Nov. 5-6 meeting, when policymakers accelerated the tightening pace with a 50 basis-point …

Brazil’s central bank warns of extended rate-hike cycle if inflation expectations worsen Read More »