(Reuters) -The Conference Board on Tuesday abandoned a long-running call for the U.S. economy to fall into recession, although its Leading Economic Index still sees economic output flatlining in the months ahead. The business research group’s index, meant to be a gauge of future economic activity, fell 0.4% in January to 102.7, the lowest level …
Conference Board gives up on U.S. recession call Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Investors in interest rate options are paying for trades that benefit from a sharp slowdown in the U.S. economy, contrary to the upbeat outlook held by many bond market participants. Analysts said they have seen increased demand from hedge funds in the U.S. options market for so-called “receiver …
US hard landing bets rise in rate options market after Fed hikes Read More »
By Greta Rosen Fondahn and Alessandro Parodi (Reuters) – New car sales in the European Union rose 12.1% year-on-year in January, helped by double-digit growth in Germany and Italy, data showed on Tuesday, with registrations of fully electric cars growing in annual terms but slumping from December. Total registrations at Europe’s two largest carmakers Volkswagen …
By Suzanne McGee and Megan Davies (Reuters) – Three straight years of losses from Chinese markets and anti-Beijing rhetoric from Washington have not deterred some U.S. asset managers from introducing products they hope will thrive if Chinese stocks rebound. China’s markets have been hit by a long-lasting property crisis, slowing growth and geopolitical tension. The …
US asset managers ready for turn in China sentiment with products stacked up Read More »
By Amanda Cooper LONDON (Reuters) – The pound is playing catch-up with the dollar as investors beef up their bullish positions, and may get extra oomph from data this week showing British business activity is among the strongest in the developed world. Monthly surveys of business activity this week are expected to show the UK …
Investors are buying back into the pound’s pizazz Read More »
A look at the day ahead in European and global markets from Tom Westbrook Europe’s central bank has singled out wages as the single biggest risk to its crusade to contain inflation. Fourth-quarter negotiated wages data likely headlines the trading day. In the third-quarter last year negotiated wage growth was a record high 4.69%. By …
By Steven Scheer TEL AVIV (Reuters) -Israelis sharply curtailed spending, travelling and investing at the end of 2023 as Israel’s all-out war on Palestinian Hamas militants in Gaza exacted a heavy toll on the economy, data released on Monday showed. The war had stopped economic growth in its tracks, especially with a massive call-up of …
Gaza war hits Israeli economy with 19.4% Q4 drop Read More »
By Can Sezer, Nevzat Devranoglu and Dmitry Zhdannikov ISTANBUL (Reuters) – A U.S. threat to hit financial firms doing business with Russia with sanctions has chilled Turkish-Russian trade, disrupting or slowing some payments for both imported oil and Turkish exports, according to seven sources familiar with the matter. The U.S. executive order in December did …
Exclusive-Turkish-Russian trade hit by fresh US sanctions threat Read More »
By Olena Harmash KYIV (Reuters) – Ukraine’s leading business associations are calling for changes to be made to draft legislation that would overhaul the process for mobilising troops, saying the reforms could deal a blow to the already embattled economy. Lawmakers are due to discuss the bill to tighten rules on mobilization in a second …
Ukrainian businesses fear new mobilisation law could paralyse economy Read More »
By Alexander Cornwell and Pesha Magid RIYADH (Reuters) -Saudi Arabia’s non-oil growth is expected to come in above 5% in the medium term, Finance Minister Mohammed Al Jadaan said on Monday, slightly lower than the 6% figure previously projected, but likely to outperform the wider region this year. “If you look at the non-oil GDP, …
Saudi Arabia sees medium-term non-oil growth at over 5%, below previous estimate Read More »
