BRASILIA (Reuters) – Brazil’s central bank chief, Roberto Campos Neto, said on Monday that the bank successfully overcame some challenges to its autonomy posed by the new administration of President Luiz Inacio Lula da Silva, despite what he termed some “noises” in the past year. Speaking at an institutional event, he said the central bank …
Brazil central bank chief says bank’s autonomy challenges were overcome Read More »
(Reuters) – New orders for U.S.-made goods fell more than expected in October, marking the biggest monthly drop in roughly three and a half years, constrained by weakening demand for durable goods and transportation equipment and bolstering the view that high interest rates are beginning to bite into spending. Factory orders fell 3.6% after a …
MEXICO CITY (Reuters) – Mexico’s headline inflation likely accelerated in November, while the core index would have continued easing, a Reuters poll showed on Monday, reinforcing expectations that the central bank will carry out interest rate cuts starting next year. A median forecast of 15 analysts projected annual headline inflation for November at 4.40%, up …
Mexico headline inflation seen up in November, core index to slow: Reuters poll Read More »
(Reuters) – Jefferies Financial Group said on Monday it has set up an investment banking and capital markets unit in Canada, sticking to its plans to pursue an international expansion even as some of its peers look to cut costs. The New York-based bank said more than 40 people were joining across investment banking, equity …
Jefferies sets up investment banking unit in Canada to boost international expansion Read More »
BERLIN (Reuters) – German exports unexpectedly fell in October, edging down 0.2% on the previous month as demand in the European Union slumped, data from the federal statistics office showed on Monday. The result compared with a forecast 1.1% increase in a LSEG poll, following a strong 2.5% fall in September. Exports to EU countries …
By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole Asian stocks have made a hesitant start to the week, while gold hit a new peak and Treasuries ran into profit-taking on their recent stellar gains. Oil failed to sustain an early rally that followed news …
Marketmind: Gold makes the running as oil fails to fire Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets are poised to start the week on the front foot, emboldened by Wall Street’s late rally on Friday and plunge in U.S. rate expectations after Fed Chair Jerome Powell gave the clearest signal yet that the Fed is done …
Marketmind: Dovish Fed view courses through markets Read More »
By Lewis Krauskopf (Reuters) -A searing late-year rally has brought the S&P 500 to a fresh 2023 closing high, as investors bet the Federal Reserve is done raising interest rates and the U.S. economy will remain resilient in the face of tighter monetary policy. The benchmark index closed at 4,594.63, nearly 6 points above its …
Resurgent S&P 500 crests new 2023 closing high after roller-coaster year Read More »
By Anthony Boadle BRASILIA (Reuters) – The European Union and Mercosur will not be able to close their free trade negotiations next week because Argentina’s incoming government has to approve the outstanding issues, Brazilian officials and diplomats said on Saturday. “Given the transition in Argentina, we are handing the subject to the new government, which …
EU-Mercosur deal’s future up to new Argentina government -sources Read More »
NEW YORK(Reuters) – The benchmark S&P 500 index closed at its highest level of the year on Friday amid growing optimism the Federal Reserve was done raising U.S. interest rates and could begin to cut them next year as inflation cools. The index closed at 4,594.63 points, up 26.83 points, or 0.59%, and topping the …
S&P 500 rises to highest close of 2023 amid rate cut optimism Read More »
