Reuters US Economy

STOXX 600 rises ahead of key data and US tech earnings, energy shares cap gains

By Ankika Biswas and Pranav Kashyap (Reuters) -Europe’s main stock index closed higher on Monday as gains across most sectors outweighed the weakness in energy stocks on a slide in oil prices, with investors looking for crucial economic data and big-ticket U.S. tech earnings scheduled for later in the week. The pan-European STOXX 600 finished …

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Brazil’s central bank chief says subsidized credit growth not impacting monetary policy

(Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Monday that the volume of subsidized credit in the country has not grown to a point it would impact monetary policy. “It has increased, but not to the extent, as of now, that will change dramatically the neutral rate,” he said, referring to the …

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Most Gulf bourses gain as Iran downplays Israel’s strikes

By Ateeq Shariff (Reuters) – Most stock markets in the Gulf ended higher on Monday as tensions eased after Iran played down Israel’s strikes on military targets over the weekend, saying the air attack had caused only limited damage. The strikes bypassed Tehran’s oil and nuclear infrastructure and did not disrupt energy supplies, easing geopolitical …

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Mood in German export sector darkens further in October, survey shows

BERLIN (Reuters) – The mood in Germany’s export industry darkened further in October, with the automotive and metal sectors anticipating the heaviest losses in international trade, according to the results of a survey published on Monday. Ifo’s indicator for export expectations fell to minus 6.7 points from minus 6.5 points in September, the economic institute …

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US election key to Latin American remittance-based economies, Fitch says

MEXICO CITY – The fate of Latin American economies, deeply reliant on remittances from the U.S., hangs in the balance with the upcoming U.S. presidential elections, said Fitch Ratings on Friday. WHY IT’S IMPORTANT The potential disparity in immigration policies between the Republican and Democratic administrations could significantly affect Central American nations, which are heavily …

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Canada’s immigration pullback may impact economic growth, BoC governor says

By Promit Mukherjee and Ismail Shakil OTTAWA (Reuters) -Canada’s immigration reduction targets announced this week will likely have an impact on the central bank’s growth forecast, Governor Tiff Macklem said on Friday, but cautioned the bank was yet to analyze the numbers. Macklem said there was a lot of uncertainty on how quickly the immigration …

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