(Reuters) – German industrial production fell in July by a larger than expected 2.4% compared with the previous month, the federal statistics office said on Friday. Analysts polled by Reuters had predicted a 0.3% fall. Production dropped by a sharp 8.1% in the automotive industry, weighing on the overall result. In June, automotive production rose …
German industrial output falls more than expected in July Read More »
By Mike Dolan LONDON (Reuters) – The stark divide between the performance of the U.S. manufacturing sector and the more dominant services sector is giving stock markets a headache at a critical moment. Investors desperate to parse the economic mood amid resurfaced recession fears are scrutinising monthly business surveys for signs of a downturn. But …
Column-Markets torn by US services-factories divide: Mike Dolan Read More »
SAO PAULO (Reuters) – Brazil posted a trade surplus of $4.828 billion in August, government data showed on Thursday, down nearly 50% from a year earlier and below market estimates of a $6.1 billion surplus in a Reuters poll of economists. Exports totaled $29.1 billion last month, down 6.5% year-on-year, driven by a drop in …
Brazil posts lower-than-expected trade surplus in August Read More »
By David Lawder RALEIGH, North Carolina (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that the U.S. still has a “good healthy labor market” even though the pace of job creation has slowed in recent months. Yellen told reporters in North Carolina that July’s unemployment rate of 4.3%, a three-year high, is still …
Yellen says US labor market healthy despite slower hiring pace Read More »
BRASILIA (Reuters) – Brazil’s central government posted a primary budget deficit that came in higher than expected, official data showed on Thursday, even after a strong expansion in public revenues. The deficit was 9.283 billion reais ($1.66 billion) in July, the Treasury said, while economists polled by Reuters were expecting a 8.8 billion real shortfall. …
Brazil’s central government budget deficit reaches $1.66 billion in July Read More »
BRASILIA (Reuters) -Brazil’s central bank’s director of economic policy said on Thursday that since their latest interest rate-setting meeting, policymakers have observed stronger economic growth in the country and the trends they had been monitoring have proven to be persistent. Speaking at a UBS event, Diogo Guillen noted that the exchange rate “is a bit …
Brazil’s central bank sees stronger growth, higher FX since latest policy meeting Read More »
By Shubham Batra and Lisa Pauline Mattackal (Reuters) -European stocks fell on Thursday as mixed economic data spurred worries about global growth and offset gains in interest rate-sensitive sectors, with France’s CAC 40 leading national declines. The pan-European STOXX 600 index fell 0.5%, with sectors tracking healthcare, chemicals and personal goods all falling over 1%. …
European shares slip on growth jitters; French stocks lead decline Read More »
By Davide Barbuscia NEW YORK (Reuters) – Looming interest rate cuts may not immediately spur a rush out of cash-like instruments, as yields on some shorter-dated government bonds could take months to fall below those on longer-term debt, analysts at JPMorgan said. The closely watched gap between two-year and 10-year Treasury yields turned positive for …
Cash could stay attractive for months despite rate cuts, JP Morgan says Read More »
BRASILIA (Reuters) – Brazil’s Senate will vote on the nomination of current central bank’s director Gabriel Galipolo as the new chief of the monetary authority on October 8, chief of the upper house Rodrigo Pacheco said on Wednesday. Before the confirmation voting in Senate, Galipolo’s nomination by President Luiz Inacio Lula da Silva needs to …
Brazil’s Senate to vote on Galipolo’s nomination as cenbank chief on Oct 8 Read More »
By Marcela Ayres BRASILIA (Reuters) – Brazil’s government expects public debt linked to interest and foreign exchange rates to surpass half of the total debt this year, a level last seen in October 2006, the Treasury indicated in a revision of its annual financing plan on Wednesday. Known as LFTs, the bonds tied to the …
