Reuters US Economy

By Divya Chowdhury and Mehnaz Yasmin (Reuters) – U.S. equity markets will remain volatile ahead of the country’s November presidential election, but the policies of the two candidates should take priority over reacting to “incendiary” rhetoric from their political parties, the chief investment officer of JPMorgan Private Bank said on Tuesday. “There is a Republican …

As investors eye US presidential race, JPMorgan exec says focus should be on policies Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. small-cap stocks’ long-awaited rally has ignited record trading in options contracts that would benefit from their persistent strength, though some strategists say further gains could be limited. The small-company focused Russell 2000 is up 9% over the last 10 sessions while the tech-heavy Nasdaq 100 has …

Small-caps rally ignites options frenzy, but strategists urge caution Read More »

By Fergal Smith (Reuters) -Canada’s main stock index rose on Monday, with the real estate and utilities sectors leading a broad-based rally ahead of an expected interest rate cut this week by the Bank of Canada. The S&P/TSX composite index ended up 182.26 points, or 0.8%, at 22,872.65, moving back in reach of the record …

Interest rate sensitive shares lift TSX ahead of BoC decision Read More »

By Howard Schneider WASHINGTON (Reuters) – Investors have locked onto the U.S. central bank’s Sept. 17-18 meeting for the start of interest rate cuts that Federal Reserve Chair Jerome Powell has said will represent a “consequential” change in policy from the pandemic-era battle against inflation to a phase of easing monetary policy. Where the process …

Fed faces wave of data before deciding on end-of-summer rate cut Read More »

(Reuters) – There is rarely a dull moment in markets and the week to come will be no exception, with make-or-break U.S. inflation data and tough questions over international financing for Ukraine – all against a backdrop of a fraught U.S. presidential race. Earnings will be front and centre, as members of the “Magnificent 7” …

Take Five: Feeling the heat Read More »

BRASILIA (Reuters) – Brazil has reached agreement for consensus documents to be approved at the G20 finance meetings scheduled for next week in Rio de Janeiro, Mauricio Lyrio, Brazil’s ambassador at the G20, said on Friday. Finance leaders from the world’s largest economies failed in February to issue a joint statement amid a lack of …

Brazil secures deal for G20 consensus documents ahead of Rio meetings, official says Read More »

By Mumal Rathore BENGALURU (Reuters) – The Bank of Canada will cut its overnight interest rate on Wednesday by 25 basis points to 4.50% amid expectations that inflation will continue to fall, according to a large majority of economists polled by Reuters. With the economy slowing and unemployment edging higher, the central bank is then …

Bank of Canada to cut rates on July 24, then twice more in 2024: Reuters Poll Read More »