LONDON (Reuters) – A tumultuous first quarter is coming to an end and the “buy everything” party is in full swing across markets, but the coming week has a few reality checks that even the most avid bulls may not be able to overlook. The strong dollar is giving major Asian central banks a headache …
BUDAPEST (Reuters) – Hungary’s central bank expects the 2024 budget deficit to be between 4.5% to 5% of gross domestic product, possibly exceeding the government’s recently increased 4.5% target, it said in its quarterly inflation report on Thursday. Prime Minister Viktor Orban’s government has struggled to contain the budget deficit since the COVID-19 pandemic, with …
Hungary central bank says credible fiscal planning needed to cut risks Read More »
By Waylon Cunningham SAN ANTONIO, Texas (Reuters) – Runaway prices at U.S. fast-food joints and restaurants have made people skittish down the income ladder and executives at chains including McDonald’s and Wendy’s recently said they worry about losing business from those on the tightest budgets. Roughly a quarter of low-income consumers, defined as those making …
Fast-food companies seeing low-income diners pare orders Read More »
OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau, whose Liberal government is under heavy pressure over a housing crisis, on Wednesday said that next month’s budget would contain measures to help renters. “Renters matter and young Canadians put a lot of their hard-earned money towards rent. We think that should count for a lot more,” …
Canadian PM Trudeau, under fire over housing crisis, vows to help renters Read More »
MEXICO CITY (Reuters) – Mexico’s economy is seen growing between 2.5% and 3.5% this year and then expanding 2.0% to 3.0% in 2025, a draft budget from the country’s finance ministry showed on Wednesday. Inflation in Latin America’s second-biggest economy is expected to tick down to 3.8% this year, according to the draft, essentially meeting …
Mexican economy seen growing up to 3.5% in 2024, draft budget shows Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -Fundamentals or “FOMO?” Big Tech’s resilience, concentration, and unassailable status as Wall Street’s driving force have understandably raised concerns of a bubble in the making as the “fear of missing out” buying frenzy fuels a dangerous, self-perpetuating price spiral. That is partly true, but too simplistic. While “FOMO” has …
Fundamentals vie with ‘FOMO’ as US tech boom driver: McGeever Read More »
By Promit Mukherjee and David Ljunggren OTTAWA, March 26 (Reuters) – The Bank of Canada (BoC) on Tuesday said businesses urgently needed to boost investment to increase productivity, saying this would help insulate the economy against the threat of inflation. “I’m saying that it’s an emergency – it’s time to break the glass,” Senior Deputy …
Bank of Canada sounds alarm on low productivity, cites inflation risks Read More »
By Fergal Smith TORONTO (Reuters) – The Canadian province of Ontario on Tuesday forecast its budget deficit would more than triple in the upcoming fiscal year as economic growth stalls and it spends more on housing and roads, as well as measures to ease the cost of living. Ontario, Canada’s most populous province and home …
Canada’s Ontario province sees budget deficit tripling as economy slows Read More »
BERLIN (Reuters) – German consumer sentiment is expected to stay on its path of slow recovery in April, helped by fewer households seeing the need to save even as uncertainty about Germany’s economic development still abounds, a survey showed on Tuesday. The consumer sentiment index published jointly by GfK and the Nuremberg Institute for Market …
German consumer sentiment stays on slow recovery path, finds GfK Read More »
By Leika Kihara TOKYO (Reuters) – The Bank of Japan has ditched its dovish forward guidance in favour of a more “data-dependent” approach to policy deliberations after ending negative rates, sources say, keeping the door open for another near-term hike in borrowing costs. The BOJ ended eight years of negative rates and unorthodox policy last …
Analysis-Bank of Japan may be less dovish than markets think Read More »
