By Samuel Indyk and Naomi Rovnick LONDON (Reuters) -Traders were confident in their view that the European Central Bank would keep rates on hold for now after it left policy unchanged, flagging a more resilient economy and appearing more relaxed about the growth outlook. The ECB held the deposit rate at 2% for a third straight …
Traders confident ECB may not need to cut rates again Read More »
MEXICO CITY (Reuters) -Mexico’s economy contracted 0.3% in the third quarter from the previous three-month period, preliminary data showed on Thursday, marking its first year-on-year quarterly decline since 2021 and raising prospects its central bank will press ahead with a fresh interest rate cut next week. Mainly impacted by a slowdown in industrial activity, Latin …
Mexico’s economy contracts in third quarter as industrial activity slows Read More »
By Friederike Heine and Rene Wagner BERLIN (Reuters) -Germany’s gross domestic product stagnated in the third quarter, data showed on Thursday, highlighting the struggle Europe’s biggest economy faces in regaining momentum as exports dwindle. The GDP stagnation was in line with forecasts, preliminary data from the statistics office showed, after Germany’s economy shrank by 0.3% …
Germany’s economy stagnates in third quarter as exports fall Read More »
WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Thursday applauded the Federal Reserve’s decision to cut interest rates by a quarter percentage point, but said comments casting doubt on another rate cut this year showed the institution needed a major revamp. Bessent told Fox Business Channel’s “Mornings with Maria” that he would carry out a …
US Treasury’s Bessent says Fed’s language shows they are ‘stuck in the past’ Read More »
By Mike Dolan (Reuters) -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Perhaps because many of the positive twists this week were already priced in, markets have been slightly underwhelmed by the blizzard of top level trade, central bank and corporate developments over the past 24 hours. The …
Morning Bid: Hesitation about ‘foregone conclusions’ Read More »
By Trevor Hunnicutt, Laurie Chen and Mei Mei Chu BUSAN, South Korea/BEIJING (Reuters) -U.S. President Donald Trump hailed a meeting with China’s Xi Jinping as “amazing” and “12” on a 10-point scale, but the agreement the two leaders reached appears to be no more than a fragile truce in a trade war with root causes …
Analysis-Trump-Xi ‘amazing’ summit brings tactical truce, not major reset Read More »
BERLIN (Reuters) -The number of people out of work in Germany unexpectedly declined slightly in October, labour office figures showed on Thursday, with the job market underscoring a somewhat more optimistic economic growth outlook by the government this month. In seasonally adjusted terms, the jobless figure slipped by about a thousand to 2.973 million, while …
(Reuters) -Copper smashed through its all-time high on Wednesday, spurred by fresh concerns over mine supply and hopes of a U.S.-China trade deal, but analysts questioned how much further the rally could run without a sustained pickup in demand. Prices of copper, considered a bellwether for the global economy, have risen more than 27% so …
Copper rally could cool after surge to record high Read More »
SEOUL (Reuters) -South Korea’s exports likely fell slightly in October amid higher U.S. tariffs of 25% imposed on goods made in Korea, a Reuters poll showed on Thursday. Exports from Asia’s fourth-largest economy are forecast to have dipped 0.2% from a year earlier, after rising 12.6% in September, according to a median estimate from a …
South Korea Oct exports expected to fall amid trade uncertainties: Reuters Poll Read More »
TOKYO (Reuters) -The Bank of Japan held off on raising interest rates on Thursday but repeated its pledge to continue increasing borrowing costs if the economy moves in line with its projections. As widely expected, the central bank maintained short-term interest rates at 0.5%. Board members Naoki Tamura and Hajime Takata dissented to the decision, …
