Reuters US Economy

By Jorgelina do Rosario BUENOS AIRES (Reuters) -Argentina’s Leonardo Madcur, a top adviser under outgoing Economy Minister Sergio Massa, is set to be named the country’s representative at the International Monetary Fund (IMF), three people familiar with the matter told Reuters. Madcur resigned from his position as Massa’s chief of advisers in the ministry on …

Exclusive-Argentina set to name Madcur as country’s IMF representative -sources Read More »

BRUSSELS (Reuters) – European Union Commissioner for Economy Paolo Gentiloni said on Friday an agreement on new EU fiscal rules should be reached soon, adding some legal aspects needed to be clarified. “We made a lot of progress but the mission is not yet accomplished. I am quite optimistic that in the coming days an …

EU’s Gentiloni: Confident an agreement on fiscal rules can be reached soon Read More »

By Mike Dolan LONDON (Reuters) – Hold on to your hats. Central banks appear in no mind to rehabilitate the forward policy guidance prevalent before the pandemic and that’s forcing investors to wing it alone, injecting greater market dispersion into next year and a possible boom in more active portfolio trading. When Federal Reserve boss …

Column-Prep for churn as central banks leave runway unlit: Mike Dolan Read More »

A look at the day ahead in European and global markets from Tom Westbrook Nine of the G10 central banks are expected to cut interest rates next year. Not Japan. Bank of Japan Governor Kazuo Ueda’s open discussion of a difficult policy year ahead and of possible paths out of negative interest rates has jolted …

Marketmind: Japan drags down bonds as US payrolls loom Read More »

By Lucinda Elliott, Joe Cash and Maximilian Heath BUENOS AIRES/BEIJING (Reuters) – Argentina’s President-elect Javier Milei has a China conundrum. The libertarian economist insulted communist-run China in a fiery campaign, but takes office on Sunday needing the country’s second-largest trade partner more than ever as a recession looms and foreign currency reserves run dry. Since …

With soy and lithium trade in the balance, Argentina’s Milei has a China conundrum Read More »

By Noel Randewich and Shristi Achar A (Reuters) – The Nasdaq surged on Thursday, with Alphabet and Advanced Micro Devices sparking a megacap rally on fresh optimism about artificial intelligence. Shares of Alphabet jumped over 5% as analysts cheered the launch of the Google-parent’s newest AI model, while AMD soared more than 9% after the …

Alphabet and AMD fuel AI rally on Nasdaq Read More »

By Marcelo Teixeira NEW YORK (Reuters) -Mercon Coffee Group, one of the world’s largest coffee traders, has filled for bankruptcy protection in the United States due to what it defined as “exceptionally challenging operating environment”, according to a document seen by Reuters. Mercon, which has operations in all the major producing regions including Brazil, Vietnam …

Coffee trader Mercon runs out of credit, files for bankruptcy Read More »

(Reuters) -U.S. household wealth fell to roughly $151 trillion in the third quarter, pulled down by a drop in the value of stocks which more than offset a half-trillion rise in the value of property prices, the Federal Reserve said on Thursday. Household net worth fell about 1% in the period from July through September …

U.S. household net net worth falls for first time in a year Read More »

By David Randall (Reuters) – Expectations that the Federal Reserve will ease monetary policy in the early months of 2024 are fueling a searing year-end rebound in U.S. government bonds. Some investors believe those rate cut hopes are misplaced. The yield on the benchmark U.S. 10-year Treasury, which moves inversely to prices, was recently at …

Analysis-After blistering rally, some investors say Treasuries have bounced too quickly Read More »