By Belén Carreño MADRID (Reuters) – Achieving her career ambitions in Spain has proved remarkably easy for Sara Hernandez, a systems architect from Venezuela who found her skills were in hot demand when she arrived in Madrid. Spain may have Europe’s highest unemployment rate but moving to Madrid in 2021 after seven years in Chile, …
Spain sees US-style economic boost from immigrant workers Read More »
A look at the day ahead in European and global markets from Tom Westbrook Strong business activity indicators in Europe and an unexpected cooling in the U.S. have carried the euro above $1.07. Investors were encouraged by Tesla’s promises of new models next year, which sent the electric vehicle maker’s shares soaring 13% in after-hours …
By Jamie McGeever ORLANDO, Florida (Reuters) -History suggests Wall Street’s recent 5% mini-correction won’t be its last this year, but stocks face potentially higher earnings and interest rate hurdles in the second half of the year if investors’ bullish expectations are to be met. The U.S. exceptionalism narrative is alive and well – a strong …
By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes rebounded in March from February’s downwardly revised level, drawing support from a persistent shortage of previously owned houses on the market, but momentum could be curbed by a resurgence in mortgage rates. The report from the Commerce Department on Tuesday also showed the …
US new home sales rebound to six-month high; rising mortgage rates a concern Read More »
By Rodrigo Campos NEW YORK (Reuters) -Foreigners added about $32.7 billion to their emerging market portfolios in March, a fifth consecutive month of overall foreign net flows to EMs, the Institute of International Finance said on Tuesday. The IIF banking trade group said flows were positive for both bonds and equities last month, with equities …
Foreigners add net $32.7 billion to EM portfolios in March -IIF Read More »
By Nupur Anand (Reuters) -JPMorgan Chase CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment and healthy consumer finances. The U.S. economic boom is “unbelievable,” Dimon said at an Economic Club of New York event on Tuesday. “Even if we go into recession, the consumer’s still in good shape.” Still, …
MEXICO CITY (Reuters) – Mexican headline inflation likely ticked up in the first half of April as core inflation eased, a Reuters poll showed on Tuesday, boosting expectations that Mexico’s central bank will hold its benchmark interest rate at its next monetary policy meeting. A median forecast of 11 analysts predicts annual headline inflation of …
Mexico annual headline inflation seen higher in early April- Reuters poll Read More »
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s libertarian President Javier Milei is revving up his attack on the country’s deep fiscal deficit, doubling down on “chainsaw” spending cuts and “blender” austerity that squeezes purchasing power – and he hopes brings down rampant inflation. The embattled country, facing drained central bank reserves and annual inflation …
Analysis-Argentina’s Milei revs up chainsaw and blender in fiscal deficit attack Read More »
FRANKFURT (Reuters) – The European Central Bank will cut interest rates in June but needs to be very cautious about subsequent moves and take into account signals from the U.S. Federal Reserves, ECB Vice President Luis de Guindos said in a newspaper interview. “Assuming there are no surprises between now and then, as you say …
ECB should be very cautious about post-June rate cuts, de Guindos says Read More »
By Sudip Kar-Gupta PARIS (Reuters) – France’s dominant services sector expanded in April for the first time in almost a year, helping offset continued weakness in manufacturing, according to a monthly survey. The HCOB flash purchasing managers index (PMI) for France’s services sector, compiled by S&P Global, rose to 50.5 points in April from 48.3 …
French service sector grows in April but manufacturing weakens, PMI shows Read More »
