(Reuters) – U.S. companies borrowed 4% more to finance equipment investments in February compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Friday. Companies signed up for new loans, leases and lines of credit worth $7.9 billion in February, down 15% from a month ago. “Credit quality, while still …
US business equipment borrowings up 4% in February, ELFA says Read More »
By Ann Saphir (Reuters) -Federal Reserve Chair Jerome Powell and fellow Fed governors on Friday heard firsthand from business and community leaders how the Fed’s interest rate hikes, along with ongoing price and labor market pressures, are affecting Americans. Higher interest rates together with instability in commodity prices “has a stranglehold on the American agriculturalist …
Fed gets an earful about ‘stranglehold’ from high rates Read More »
By Rodrigo Campos NEW YORK (Reuters) -Argentina’s dollar-denominated international bonds were set to post another week of gains on Friday, with the 2029 and 2030 issues close to or at record high prices. The bonds have rallied from lows that took the 2030 issue to 18.125 cents in mid-July 2022, fueled by investor bets that …
Argentina dollar bonds hit record highs as Milei rally powers on Read More »
FRANKFURT (Reuters) -Residential property prices in Germany dropped 8.4% in 2023 from a year earlier, data on Friday showed, in a further grim sign for the real-estate sector in Europe’s largest economy. The fall was the biggest since Germany’s statistics office began keeping records in the year 2000, underscoring the nation’s biggest property crisis in …
German home prices tumble record 8% in 2023 amid property rout Read More »
BERLIN(Reuters) – The European Championship to be held in Germany this summer is unlikely to turn into a summer fairytale for the euro zone’s largest economy as it struggles for growth, a study by a leading institute and seen by Reuters showed on Friday. “The experience of the Football World Cup in 2006 shows that …
European Championship won’t save German economy, study shows Read More »
By Balazs Koranyi and Howard Schneider FRANKFURT/WASHINGTON (Reuters) – The world’s biggest central banks are on the starting line of reversing a record string of interest rate hikes but the way down for borrowing costs will look very different from the way up. There will be no floodgates or fireworks. Instead, banks on opposite sides …
Analysis-The great central bank policy reversal kicks off Read More »
A look at the day ahead in European and global markets from Rae Wee Markets have been betting on a dollar downturn for months on the view that U.S. rates would eventually have to fall at some point this year. Until now, that has been wishful thinking. The yen and the yuan were the latest …
By Valentine Hilaire and Anthony Esposito MEXICO CITY (Reuters) -The Bank of Mexico, as expected, cut its benchmark interest rate by 25 basis points to 11.00% on Thursday, in a four-to-one decision by its governing board, marking the first rate reduction since the bank embarked on a tightening cycle in 2021. Banxico, as the Mexican …
Bank of Mexico cuts key rate to 11%, says future moves to be data-dependent Read More »
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street’s three major stock indexes on Thursday registered record closing highs for the second day in a row after the Federal Reserve reassured investors about the prospects for rate cuts this year while chip stocks rallied after Micron Technology’s upbeat forecast. The three major indexes had …
Wall Street hits record closing highs on rate-cut optimism; chip sector rallies Read More »
By Davide Barbuscia NEW YORK (Reuters) – Longer-term U.S. Treasuries could be vulnerable if the Federal Reserve’s outlook on interest rate cuts is challenged by stubborn inflation, a portfolio manager at asset management giant BlackRock said on Thursday. A majority of Fed officials this week confirmed earlier forecasts for the central bank to deliver three …
Fed’s dovish pivot ‘inertia’ may spell trouble for long-term bonds, BlackRock says Read More »
