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BUDAPEST (Reuters) – Hungarian gross domestic product growth will be “very close to zero” in the third quarter, significantly below market expectations, Economy Minister Marton Nagy said on Thursday. In power since 2010, Prime Minister Viktor Orban has struggled to revive Hungary’s economy after last year’s downturn following a surge in inflation to more than …

Hungarian GDP growth will be close to zero in Q3, economy minister says Read More »

BANGKOK (Reuters) – Thailand’s government still wants to see a higher inflation target that will push up prices, the finance minister said on Thursday after the central bank’s surprise interest rate cut a day earlier. Wednesday’s rate reduction will help increase liquidity and confidence, Pichai Chunhavajira told reporters. The central bank unexpectedly cut its key …

Thai Finance Minister says still wants higher inflation target after rate cut Read More »

By Shubham Batra (Reuters) – European stocks hit a two-week high on Tuesday, supported by financials, as markets drew closer to an expected start to the U.S. Federal Reserve’s monetary easing cycle that could see policymakers deliver an outsized interest rate reduction. The continent-wide STOXX 600 index was up 0.5% at 517.74 points, and Britain’s …

European shares at two-week high in lead-up to Fed rate decision Read More »

LONDON (Reuters) – BNP Paribas Markets 360 reckons the euro could rally against the dollar if there is a global recession, marking a break with past trading dynamics. Sam Lynton-Brown, global head of macro strategy at the bank, gives a number of reasons for what he describes as one of the team’s controversial views. This …

BNP Paribas says euro could rise, not fall, if recession hits Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Futures on the fed funds rate, which measures the cost of unsecured overnight loans between banks, have priced in a nearly 60% chance of a 50 basis-point rate cut by the Federal Reserve on Wednesday, LSEG calculations showed. That was up from 45% last Friday and from 25% …

US interest rate futures see higher odds of super-sized Fed move Read More »

By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s economy likely shrank 1.4% in the second quarter versus a year earlier, a Reuters poll showed on Monday, the fifth such decline as a recession deepens under a tough austerity drive by libertarian President Javier Milei. That median GDP estimate from 15 analysts polled by Reuters for …

Argentina economy forecast to extend recession in second quarter Read More »

NEW YORK (Reuters) – The Federal Reserve will likely not cut U.S. interest rates as deeply as the bond market expects due to a resilient economy and inflation remaining sticky, the BlackRock Investment Institute said in a note on Monday. The U.S. central bank is expected to cut interest rates for the first time in …

Fed rate cuts will not be as deep as the market expects, says BlackRock Read More »