By Fergal Smith (Reuters) – Canada’s main stock index extended its pullback from a record high on Wednesday, as profit-taking in most sectors of the market offset gains for financials after stronger-than-expected earnings for two of Canada’s major banks. The Toronto Stock Exchange’s S&P/TSX composite index ended down 132.98 points, or 0.6%, at 23,126.98, its …
Toronto market falls for second day as investors book profits Read More »
By Sarah Morland MEXICO CITY (Reuters) -The Bank of Mexico cut its forecast for economic growth this year and next, according to the central bank’s quarterly report on Wednesday, citing weaker foreign manufacturing demand while inflation remains stubborn. The central bank for Latin America’s No. 2 economy now expects 2024 gross domestic product growth of …
Mexico central bank shrinks 2024 GDP growth forecast to 1.5% Read More »
By Noel Randewich and Johann M Cherian (Reuters) -U.S. stocks fell on Wednesday ahead of a quarterly report from Nvidia, Wall Street’s centerpiece event of the week that could shatter or add fresh fuel to a rally driven by optimism around artificial intelligence. Shares of the dominant seller of AI processors, due to report after …
Wall Street ends down; investors brace for Nvidia report Read More »
By Giuseppe Fonte ROME (Reuters) – Italy plans to confirm a commitment to bring its deficit-to-GDP ratio below the European Union’s 3% ceiling in 2026 in the Treasury’s medium-term structural budget plan to be presented by the middle of September, sources close to the matter told Reuters. Rome was put under a so-called Excessive Deficit …
Italy to stick with commitment to cut deficit below EU’s 3% ceiling in 2026 Read More »
MOSCOW (Reuters) – The Russian economy has shown solid growth in many sectors while unemployment remains at a record low, new data showed on Wednesday, prompting officials to hint at a brighter outlook for the year despite Western sanctions over the war in Ukraine. Driven by military production, industrial output rose by 3.3% in July …
Russian economy shows solid growth despite Ukraine war sanctions Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -Jerome Powell’s Jackson Hole speech has turned Sept. 6 and Sept. 18 into the two most important dates for U.S. monetary policy in years, as events on both days center on the Fed’s new guiding light: the unemployment rate. The first marks the release of the August non-farm …
Unemployment rate is now Fed’s undisputed lodestar: McGeever Read More »
By Mike Dolan LONDON (Reuters) – The U.S. Treasury has a lot of debt to place in the next year, but its active management of the maturity profile shows why the oft-heralded U.S. debt “crisis” is unlikely to occur anytime soon. Treasury funding math currently is quite daunting, with more than half a trillion dollars …
Column-US Treasury plays cat and mouse with debt sales :Mike Dolan Read More »
By Michael S. Derby (Reuters) -Members of the boards of directors overseeing the Chicago and New York Federal Reserve banks voted in favor of lowering by a quarter percentage point the central bank’s discount rate during July, according to meeting minutes released on Tuesday. The Fed said in a press release that while 10 of …
Chicago and NY Fed directors favored discount rate cut in July Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence rose to a six-month high in August amid optimism over the economic outlook, but Americans are becoming more anxious about the labor market after the unemployment rate jumped to near a three-year high of 4.3% last month. The better-than-expected reading in consumer confidence, reported by the …
US consumer confidence scales six-month high, labor market angst rises Read More »
By Qiaoyi Li and Ryan Woo BEIJING (Reuters) – China’s industrial profits grew faster in July buoyed by high-tech manufacturing, even as sluggish domestic demand weighed on the recovery in the world’s second-largest economy. Profits in July jumped 4.1% from a year earlier following a 3.6% rise in June, National Bureau of Statistics (NBS) data …
High-tech manufacturing spurs China’s July industrial profit growth Read More »
