By Lucia Mutikani WASHINGTON (Reuters) – U.S. existing home sales dropped to the lowest level in more than 13 years in October as the highest mortgage rates in two decades and a dearth of houses drove buyers from the market. The report from the National Association of Realtors on Tuesday also showed that the median …
US existing home sales slump to more than 13-year low, prices accelerate Read More »
By Nick Carey LONDON (Reuters) – New car sales in the European Union rose 14.6% in October, boosted in part by a big jump in sales of fully electric cars, while hybrid electric vehicles accounted for nearly three of every 10 vehicles sold in the economic bloc. Sales of fully electric cars rose 36.3% from …
EU October car sales up 14.6%, EV sales jump more than 36% Read More »
By Stefanno Sulaiman JAKARTA (Reuters) -Indonesia’s current account deficit narrowed in the third quarter as demand for exports recovered, the central bank said on Tuesday, with most economists expecting the central bank to leave interest rates unchanged this week as external balances improved. The Southeast Asia’s largest economy posted a $0.9 billion deficit in the …
Indonesia posts smaller c/a deficit in Q3 as export demand picks up Read More »
By Alexander Villegas BUENOS AIRES (Reuters) – In downtown Buenos Aires a small group of black market money traders, known as “arbolitos” – or little trees – shouted for business on Monday, a day after a libertarian outsider pledging to dollarize the economy won the race to be president. The long-running but illegal trade in …
Argentina’s black market currency traders brace for uncertainty Read More »
LONDON (Reuters) -Right-wing libertarian Javier Milei has won Argentina’s presidential election, putting an outsider with radical views in charge to fix South America’s No. 2 economy battered by triple-digit inflation, a looming recession and rising poverty. Market reaction: + Argentina’s domestic markets are closed on Monday for a local holiday + International sovereign dollar bonds …
Argentine far-right libertarian Milei sweeps to victory Read More »
By Bansari Mayur Kamdar (Reuters) – Investors piled into exchange-traded funds tracking defense companies since October in anticipation of increased military budgets in the U.S. and Europe due to rising incidents of geopolitical conflicts. The Invesco Aerospace & Defense ETF has seen net inflows of more than $100 million so far this month, according to …
Investors pump over $600 million into defense funds as geopolitical tensions rise Read More »
(Reuters) – The structural demand for U.S. debt which underpins the dollar-based global financial system remains strong against the backdrop of recent Treasury market volatility, Moody’s Investors Service said on Monday. The firm added U.S. financial regulators have undertaken a series of measures to improve Treasury market resilience and efficiency, and that it expects the …
Structural demand for US debt strong despite bond market volatility – Moody’s Read More »
BERLIN (Reuters) – Germany’s constitutional court ruled last week that the coalition government’s decision to re-allocate 60 billion euros ($65 billion) of unused debt from the pandemic era to climate and industry projects was unconstitutional. The ruling has sent budget talks into disarray and sparked calls within Chancellor Olaf Scholz’s coalition to suspend a constitutionally …
Factbox-German budget crisis tests limits of its ‘debt brake’ Read More »
BERLIN (Reuters) – German producer prices fell in line with expectations in October, the federal statistics office said on Monday, continuing a downward trend after a record fall in September. Compared with October 2022, prices were down 11.0%, which had also been the expectations of analysts polled by Reuters. The office pointed out the 27.9% …
German producer prices fall 11.0% y/y in October Read More »
SAN FRANCISCO (Reuters) – The Asia Pacific Economic Cooperation members on Friday adopted new trade and investment principles that seek to boost environmental sustainability and social well-being after China dropped its objections to the U.S. proposal. The so-called “San Francisco Principles on Integrating Inclusivity and Sustainability into Trade and Investment Policy” are aimed at considering …
Factbox-APEC’s ‘San Francisco Principles’ on sustainability, inclusiveness Read More »
