By Sudip Kar-Gupta PARIS (Reuters) – France’s economy benefited in August from a pick-up in business due to the Olympic Games as a sharp upswing in the country’s services sector offset ongoing weakness in manufacturing, a survey showed on Thursday. The HCOB flash purchasing managers index for France’s services sector, compiled by S&P Global, hit …
French economy gets boost in August from Olympics, PMI shows Read More »
By Daniela Desantis and Lucinda Elliott ASUNCION (Reuters) – Paraguay’s economy is on track to grow a faster-than-expected 4% this year, President Santiago Pena told Reuters on Wednesday, a bullish forecast above official estimates that comes despite depressed prices for its top export, soy. Pena, 45, said growth would beat the current central bank estimate …
Paraguay president says economy should grow faster 4% in 2024 despite soy price slump Read More »
By Michael S. Derby and Dan Burns WASHINGTON (Reuters) – The Federal Reserve appears to be very much on track for an interest rate cut in September after a “vast majority” of officials said such an action was likely, according to the minutes of the U.S. central bank’s July 30-31 meeting. The minutes, which were …
Fed steaming toward September rate cut, minutes from meeting show Read More »
By Diego Oré and Raul Cortes MEXICO CITY (Reuters) – Judges and magistrates joined a strike on Wednesday as protests against a judicial reform pushed by outgoing President Andres Manuel Lopez Obrador gained momentum, weighing on markets with the peso falling over 2%. The controversial reform, by which judges – including Supreme Court justices – …
Judicial strikes grow in Mexico over reform pushing currency lower Read More »
BUENOS AIRES (Reuters) – Argentina’s economic activity fell 3.9% in June compared to the same month last year, official data showed on Wednesday, as the economy shrunk again during the month after a rare rise in May. The June downturn was double the 1.9% contraction expected by analysts surveyed by Reuters. The maximum drop predicted …
Argentina economy stalls again in June in challenge for Milei Read More »
CANBERRA (Reuters) – A rising number of Australian farmers are disgruntled with the government’s climate and agricultural policies, a survey showed on Wednesday, as measures to protect the environment draw farmers’ ire in Europe and some other places. Australia is one of the world’s biggest agricultural exporters, shipping nearly $50 billion worth of products as …
Australian farmers increasingly concerned about government policy, poll finds Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -Bond investors are by default pessimists and equity investors are naturally optimistic. But this market maxim doesn’t fully explain the seemingly wide chasm developing between the two camps’ views on the U.S. economy and looming interest rate cuts. Rates markets are currently pricing in an aggressive Fed easing cycle …
Diverging stock and bond views on Fed turn into chasm: McGeever Read More »
By Noel Randewich (Reuters) – The S&P 500 will trade near current record levels at year-end, according to a Reuters poll of market strategists that suggests the AI rally is losing steam as investors wait for a widely-expected U.S. central bank interest rate cut next month. The benchmark S&P 500 will end 2024 at 5,600 …
S&P 500 to end 2024 near current level, suggests AI rally fizzling out Read More »
(Reuters) -Federal Reserve Governor Michelle Bowman on Tuesday said she remains cautious about any shift in the U.S. central bank’s policy because of what she sees as continued upside risks for inflation, warning that overreacting to any single data point could jeopardize the progress already made. Bowman’s prepared remarks to a gathering of bankers in …
Fed’s Bowman still cautious about changing policy stance Read More »
By Tom Polansek and Promit Mukherjee CHICAGO/OTTAWA (Reuters) – A looming stoppage of freight railway operations across Canada would disrupt North America’s agricultural supply chain, snarling shipments of everything from wheat to fertilizer and meat. Unless last-minute labor agreements are reached, both Canadian National Railway and Canadian Pacific Kansas City, an effective duopoly, will shut …
Canada rail stoppage poised to disrupt North American agriculture Read More »
