By Lewis Krauskopf NEW YORK (Reuters) – Recent action in the U.S. stock market suggests investors are beginning to price in a “no landing” economic scenario that involves an expected pickup in growth, Morgan Stanley equity strategists said on Monday. For months, investors have been bracing for a “soft landing” for the economy, which sees …
Stock moves suggest belief in ‘no landing’ economy, Morgan Stanley says Read More »
(Reuters) -Markets are looking for confirmation from the European Central Bank that a June rate cut is really coming, though oil is on the rise again, clouding the inflation picture – and giving policy makers in Canada, New Zealand and Korea food for thought. China gears up to release a deluge of key data and …
BEIJING (Reuters) – U.S. Treasury Secretary Janet Yellen warned on Monday that the United States would not accept new industries being decimated by subsidized Chinese imports in the same way that the U.S. steel sector was crushed a decade ago. After wrapping up four days of talks with Chinese officials, Yellen told a news conference …
Yellen says U.S. will not accept new industries being decimated by cheap Chinese imports Read More »
By Maria Martinez (Reuters) – German exports fell more than expected in February, as exports to European Union countries dropped, data from the Federal Statistics Office showed on Monday. Exports declined by 2% month-on-month in February and were lower than the forecast for a 0.5% decrease in a Reuters poll. Imports were up 3.2% on …
German exports fall more than expected in February Read More »
TOKYO (Reuters) – Japan’s service-sector sentiment fell in March as rising living costs and bad weather weighed on consumption, a government survey showed, heightening uncertainty on how soon the central bank can raise interest rates again. Consumption has been a weak spot in Japan’s fragile economic recovery as wages have yet to rise quickly enough …
Japan’s service-sector mood slumps, clouds BOJ rate hike path Read More »
ZURICH (Reuters) – The Swiss government will this month present proposals aimed at protecting the country against the risk of banks deemed “too big to fail” in response to UBS’s emergence as the country’s sole big lender with its 2023 takeover of Credit Suisse. Following are key points surrounding the plan: WHAT DOES TOO BIG …
Factbox-Swiss government’s ‘too big to fail’ proposals loom for UBS Read More »
By Tetsushi Kajimoto and Yoshifumi Takemoto TOKYO (Reuters) – Japanese authorities could intervene in the foreign exchange market to stem sharp falls in the yen “at any time” if its moves are excessive enough to warrant such action, a former top currency official in Japan told Reuters on Monday. Takehiko Nakao, who was vice finance …
Former Japan FX tsar says yen weakening could trigger intervention at ‘any time’ Read More »
By David Randall and Lewis Krauskopf NEW YORK (Reuters) – The U.S. stock market is the most expensive it has been in around two years. Its valuation could be put to the test as companies report earnings in coming weeks. The S&P 500 is up more than 9% year-to-date, following its strongest first-quarter performance since …
US stocks’ lofty valuations in spotlight as earnings season nears Read More »
(Reuters) – The U.S. Federal Reserve held its benchmark overnight interest rate steady in the 5.25%-5.50% range at its March 19-20 policy meeting, and officials continued to anticipate approving three quarter-percentage-point rate cuts by the end of 2024. Before policymakers begin to ease borrowing costs, they say they want to see more data confirming that …
PARIS (Reuters) -World food prices rebounded in March from a three-year low, boosted by increases in vegetable oils, meat and dairy products, according to the United Nations food agency’s latest price index. The Food and Agriculture Organization’s (FAO) index, which tracks the most globally traded food commodities, averaged 118.3 points in March, up from a …
World food prices rebound from three-year low, says UN agency Read More »
