By Saqib Iqbal Ahmed and Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar fell against the euro and Swiss franc for a second straight session on Thursday as data showed weakness in the U.S. labor market, increasing expectations of another rate cut this year. Meanwhile, sterling rose after the Bank of England kept rates unchanged …
By Michael S. Derby NEW YORK (Reuters) -Cleveland Federal Reserve President Beth Hammack said on Thursday she does not think the U.S. central bank needs to raise interest rates to combat inflation pressures she considers too high, while acknowledging how that view might change. Despite where inflation is, moving rates up is “not my base …
Fed’s Hammack sees no need to hike rates to lower inflation at this time Read More »
By Brendan O’Boyle MEXICO CITY (Reuters) -The Bank of Mexico cut its benchmark rate by 25 basis points on Thursday but struck a more cautious tone on the outlook for further easing, as the economy shows weakness but core inflation remains sticky. The rate’s reduction to 7.25%, its lowest level since May 2022, was widely expected, …
Bank of Mexico cuts interest rate, tone turns more cautious Read More »
BRASILIA (Reuters) -Brazil’s trade surplus jumped 70.2% in October from the same month last year, official data showed on Thursday, beating economists’ estimates. Latin America’s largest economy posted a $7 billion trade surplus for October, above the $6.2 billion expected by economists polled by Reuters. The improvement was driven by a 9.1% rise in exports, …
Brazil’s trade surplus boosted in October by exports of key commodities Read More »
By Fergal Smith TORONTO (Reuters) -Ontario, whose manufacturing-linked economy has been badly hurt by trade uncertainty, forecast a slightly narrower fiscal deficit than previously expected and said it would increase support for first-time home buyers, a fiscal update showed on Thursday. Canada’s most populous province projected a deficit of C$13.5 billion ($9.63 billion) for the …
Ontario, hit by US tariffs, cuts deficit forecast and pledges support for businesses Read More »
By Johann M Cherian and Sukriti Gupta (Reuters) -European stocks fell on Thursday, dragged by technology stocks that came under fresh selling pressure while investors assessed mixed earnings and disappointing key economic data. The pan-European STOXX 600 slipped 0.7% to 567.9 points. Data showed euro zone retail sales unexpectedly fell in September, challenging expectations for …
European stocks fall as tech nerves sap sentiment; earnings, economic data in focus Read More »
By Naomi Rovnick and Alun John LONDON (Reuters) -Central banks in big economies are nearing the end of their rate-cutting cycles, though some, like the U.S. Federal Reserve and Bank of England – which were more cautious earlier in the year – have scope to ease a little more. Australia, Sweden and Norway all left …
The end is near for policy easing among big central banks Read More »
By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Signs that U.S. economic activity remains brisk helped steady the stocks ship, but this also cast more doubt on why the Federal Reserve needs to ease again next month and that has pushed Treasury yields higher. The …
Morning Bid: Selloff abates as economy hums, layoffs rise Read More »
ANKARA (Reuters) -Turkish Finance Minister Mehmet Simsek said on Thursday that the moderate trend in economic activity is continuing, with moderate growth expected in 2025 similar to 2024, while disinflation was expected to continue in the coming period. In a presentation to parliament’s planning and budget commission, Simsek said the government anticipated that disinflation will …
Turkey’s Simsek sees moderate growth trend and disinflation continuing Read More »
TOKYO (Reuters) -Japan’s real wages fell for the ninth consecutive month in September as resurgent inflation outgrew nominal pay, government data showed on Thursday, highlighting the wage-price gap that complicates the Bank of Japan’s (BOJ) rate hike plans. The BOJ kept interest rates unchanged at the October 29-30 policy meeting and Governor Kazuo Ueda signalled …
Japan’s real wages down for ninth month in September Read More »
