Reuters US Economy

By Pavel Polityuk and Gus Trompiz KYIV/PARIS (Reuters) – Ukraine’s efforts to revive sea exports in defiance of Russia’s military blockade have given a glimmer of hope to a teetering farm sector in which loss-making producers are abandoning some land in one of the world’s biggest grain belts. With no end in sight to the …

Ukraine’s farmers pin hopes on export corridor as war cost mounts Read More »

By Steve Scherer and David Ljunggren OTTAWA (Reuters) -Bank of Canada Governor Tiff Macklem said on Wednesday that interest rates may be at their peak, given that excess demand has vanished and weak growth is expected to persist for many months. The Bank of Canada (BoC), seeking to control soaring inflation, hiked rates 10 times …

Bank of Canada says rates may be at peak, excess demand now gone Read More »

BRASILIA (Reuters) – Brazil’s government projections for its public accounts in 2023 have substantially worsened, with the deficit before interest expenses now nearing the annual fiscal target, as indicated by its latest bimonthly revenue and expenditure report. The projected primary deficit for the year has been expanded to 203.4 billion reais ($41.46 billion), up from …

Brazil’s govt 2023 primary deficit forecast deteriorates, approaching fiscal target Read More »

MILAN (Reuters) – Euro zone interest rates are close to their peak in the current cycle or may have already reached it, European Central Bank Governing Council member Joachim Nagel said on Wednesday, adding data would determine whether they needed to rise further. Addressing high-school students at a conference organised by the Osservatorio Giovani Editori …

ECB’s Nagel: rates at peak or close, rules out hard landing Read More »

By Mike Dolan LONDON (Reuters) – If you were looking for a klaxon to mark the end of the interest rate cycle, a crushing of currency market volatility rings loudly. Deutsche Bank’s CVIX – the currency market’s version of Wall St’s “fear index” of stock volatility and a weighted average of implied “vol” in nine …

Column-Crushed FX volatility as dollar, finally, subsides: Mike Dolan Read More »

A look at the day ahead in European and global markets from Wayne Cole. The early focus was on Nvidia, which in AI tech terms is the only company selling shovels during a gold rush. Its Q3 earnings handily beat the Street, as did its forecasts for Q4, although the bullish expectations built into this …

Marketmind: Nvidia shares take bumpy ride after hours Read More »

By Satoshi Sugiyama TOKYO (Reuters) – The Bank of Japan will end its negative interest rate policy next year, more than 80% of economists in a Reuters poll said, with more convinced the central bank is getting closer to exiting its controversial monetary settings. BOJ Governor Kazuo Ueda faces the difficult task of navigating Japan …

BOJ to end negative interest rates in 2024, over 80% of economists say – Reuters poll Read More »

By Kevin Yao BEIJING (Reuters) – Chinese government advisers will recommend economic growth targets for next year ranging from 4.5% to 5.5% to an annual policymakers’ meeting, as Beijing seeks to create jobs and keep long-term development goals on track. Five of the seven advisers who spoke with Reuters said they favoured a target of …

Exclusive-China govt advisers call for steady growth target in 2024, more stimulus Read More »

By Xinghui Kok SINGAPORE (Reuters) -Singapore’s economy grew faster than initial estimates in the third quarter, helped by a resurgence in tourism and service sector activity, although authorities warned of risks to the outlook from inflation and geopolitics. Gross domestic product (GDP) rose 1.1% year-on-year, government data showed on Wednesday, higher than the initial estimates …

Singapore’s Q3 GDP tops initial estimates on financial services, tourism Read More »