Reuters US Economy

Swiss National Bank in good position with current rates, board member says

ZURICH (Reuters) -The Swiss National Bank is well positioned with its current interest rates, governing board member Petra Tschudin told Swiss broadcaster TeleZueri in an interview to be broadcast on Tuesday. “We always use monetary policy in such a way that we can fulfil our mandate of ensuring price stability,” Tschudin said, referring to the …

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Australia’s central bank sees core inflation stuck above target out past mid-2026

SYDNEY, Nov 4 (Reuters) – Australia’s central bank now sees core inflation staying stubbornly above its target band out to the middle of 2026 as consumer demand and house prices pick up faster than expected, seemingly limiting room for further cuts in interest rates. The Reserve Bank of Australia was widely expected to hold rates …

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Australia’s central bank holds rates at 3.60%, signals caution

SYDNEY (Reuters) -Australia’s central bank on Tuesday left its cash rate steady as expected at 3.60%, saying it was cautious about easing further given higher core inflation, firmer consumer demand and a revival in the housing market. Wrapping up a two-day policy meeting, the Reserve Bank of Australia (RBA) said recent data suggested inflationary pressures …

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Japan’s factory activity falls at fastest pace in 19 months, PMI shows

TOKYO (Reuters) -Japan’s manufacturing activity shrank in October at the fastest pace in 19 months, hit by slumping demand in the key automotive and semiconductor sectors, a private-sector survey showed on Tuesday. The S&P Global Japan Manufacturing Purchasing Managers’ Index (PMI) slipped to 48.2 in October from 48.5 in September, undershooting the flash reading of …

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Fed’s Cook says she will serve American public despite efforts to fire her

By Howard Schneider (Reuters) -U.S. Federal Reserve Governor Lisa Cook, in her first public appearance since President Donald Trump moved to fire her, said it took a “thick skin” to pursue public service in the U.S. and pledged to fulfill the mandate given through her Senate confirmation to defend the central bank’s inflation and employment …

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European shares edge up as investors assess earnings; auto stocks advance

By Johann M Cherian and Sukriti Gupta (Reuters) -European stocks nudged higher on Monday as investors digested a new round of earnings reports, while auto shares gained on optimism that Dutch chipmaker Nexperia’s China plants will resume shipments. The pan-European STOXX 600 crept up 0.1% to 572.28 points. Other major regional indexes were mixed, with …

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London stocks dip at start of earnings-heavy, BoE rate verdict week

(Reuters) -London’s main stock indexes dipped on Monday, dragged down by materials and utilities shares, as investors prepare for a week packed with major corporate earnings and the Bank of England’s closely watched interest rate decision. The blue-chip FTSE 100 edged 0.2% down following its nearly 4% jump in October. The FTSE 250 midcap index …

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Brazil tightens minimum capital requirement rules, could impact 500 firms

BRASILIA (Reuters) -Brazil has established new rules raising the minimum capital required for financial institutions to operate in the country to 9.1 billion reais ($1.68 billion) from 5.2 billion reais, the Central Bank of Brazil said on Monday. Around 500 firms could be affected, with the changes potentially triggering market exits, mergers or corporate restructuring, …

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Canadian manufacturing PMI rises to nine-month high in October

By Fergal Smith TORONTO (Reuters) -The downturn in Canada’s manufacturing sector eased in October as output and new orders, which have been held back by trade uncertainty, declined at a slower pace, data showed on Monday. The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) rose to 49.6 last month from 47.7 in September, posting its …

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Surprise Swiss inflation dip not enough to warrant central bank action, analysts say

(Refiles to remoe extraneous word from paragraph 2) ZURICH (Reuters) -Inflation in Switzerland fell unexpectedly in October, government data showed on Monday, although not enough to make the central bank consider interest rate cuts, analysts said. Prices rose by 0.1% last month compared with a year earlier, according to figures from the Federal Statistical Office, …

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