A look at the day ahead in European and global markets from Kevin Buckland The feel-good Fed rally is showing no signs of slowing down into the weekend: Asian stocks climbed to a four-month peak, setting Europe up for another strong session. Things would need to go terribly wrong over the rest of the day …
JAKARTA (Reuters) -Indonesia’s trade surplus narrowed in November to $2.41 billion as imports increased more than expected, while exports extended their weakening trend, data from the statistics bureau showed on Friday. Southeast Asia’s biggest economy has seen its shipments declining by value in the past months due to falling commodity prices and slowing global demand. …
Indonesia trade surplus narrows to $2.41 billion in Nov, misses expectation Read More »
TOKYO (Reuters) – Japan’s core consumer inflation was expected to ease in November, slowing down to the level seen in mid-2022, partly as energy price gains weakened, a Reuters poll showed on Friday. The nationwide core consumer price index (CPI), which strips out volatile fresh food items, was seen rising 2.5% in November from a …
Japan Nov CPI forecast to slow down as energy costs ease: Reuters poll Read More »
By Satoshi Sugiyama TOKYO (Reuters) – The Bank of Japan (BOJ) will begin to unwind its ultra-loose monetary settings as early as January, more than a fifth of economists in a Reuters poll said, heightening expectations the controversial policy era is near an end. At the same time, over 80% of economists are expecting the …
SAO PAULO (Reuters) – Brazilian stocks rose to a record high on Thursday, as the U.S. Federal Reserve signaled toward lower interest rates in 2024, while the local central bank cut benchmark rates by 50 basis points, indicating it will keep reducing at that pace past its next meeting in January. According to preliminary data, …
Brazil stocks reach record high after fresh rate cut, Fed signals Read More »
By Brendan O’Boyle and Anthony Esposito MEXICO CITY (Reuters) -The Bank of Mexico’s five-member board unanimously held the key interest rate at 11.25% for a sixth straight monetary policy meeting on Thursday, as expected, saying progress on slowing inflation had been made even as the outlook remained challenging. Banxico, as the bank is known, repeated …
Banxico holds key interest rate at 11.25%, keeps hawkish bias Read More »
(Reuters) – The Federal Reserve’s signal on Wednesday that its interest rate hiking campaign is over triggered a drop in bond yields and a rash of market bets on U.S. rate cuts next year, marking a sharp shift in pricing that is rare outside of financial panics. Economic data on Thursday showing stronger-than-expected retail sales …
Fed seen pivoting to interest rate cuts in March, perhaps earlier Read More »
By Sinéad Carew (Reuters) – Shares in U.S. banks were rallying strongly on Thursday after the Federal Reserve signaled potential interest rate cuts in 2024 with the sector returning to its highest level since early March just before a crisis that put some banks out of business. Wells Fargo and BofA Global Research analysts raised …
Bank stocks rally to pre-crisis levels after Fed meeting Read More »
By Nelson Bocanegra BOGOTA (Reuters) – There is no consensus among analysts as to whether Colombia’s central bank board members will cut the key interest rate or hold it in the next monetary policy decision, as they battle to tame inflation and an economic slowdown, a poll showed on Thursday. Nine of 20 analysts surveyed …
Time for a rate cut? Colombian analysts divided over cenbank’s next move Read More »
By Jorgelina do Rosario BUENOS AIRES (Reuters) -Argentina is set to receive financing from the Development Bank of Latin America and the Caribbean (CAF) to make a $913 million payment due to the IMF next week, two sources familiar with the matter told Reuters. Argentina, whose $44 billion International Monetary Fund programme makes it the …
Exclusive-Argentina poised to get CAF loan for $913 million IMF payment -sources Read More »
