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ANKARA (Reuters) – Turkish annual consumer price inflation dipped for the first time in three months to 61.36% in October, official data showed on Friday, as fallout eased from both the lira’s sharp summer decline and post-election tax hikes. Month-on-month, inflation was 3.43%. Price rises in clothing and shoes, houses and hotels, and restaurants drove …

Turkish inflation dips slightly to 61.4% in October Read More »

BERLIN (Reuters) -German exports fell more than expected on the month in September, federal statistics office data showed on Friday, as weak global demand hurt exports. German exports fell 2.4% in September from the previous month. The result compared with a forecast 1.1% decline in a LSEG poll. “Trade is no longer the strong resilient …

German exports fall more than expected in September Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) -Fears that high and rising Treasury yields will pummel Wall Street are understandable, but ultimately misplaced – history shows that the link between yields and stocks ranges from patchy at best, to non-existent. Stocks have fallen as much as 10% since July as bond yields have shot up sharply, …

High and rising yields no barrier to higher stocks: McGeever Read More »

By Mike Dolan LONDON (Reuters) – The Bank of England reckons the UK economy has only felt half the effects of a near two-year interest rate squeeze so far – and markets doubt it will allow it to take the whole dose. A brutal five percentage point rate hiking cycle that started late in 2021 …

Column-BOE marks half-time in lagged rate squeeze: Mike Dolan Read More »

(Reuters) – Russia’s services sector expanded at its slowest pace in October since February, but extended its growth series to nine months thanks to strong export business, while charges and input prices rose, a business survey showed on Friday. The S&P Global Purchasing Managers’ Index (PMI) for Russian services fell to 53.6 in October from …

Russia services activity grows at slowest pace in eight months -PMI Read More »

By Sinéad Carew and Amruta Khandekar (Reuters) – Wall Street’s three main stock indexes rallied nearly 2% on Thursday on hopes that the U.S. Federal Reserve has reached the end of its interest rate hiking campaign and a batch of upbeat quarterly financial updates added to the bullish mood. The Fed held interest rates steady …

Wall Street indexes rally on bets of peak US interest rates, strong earnings Read More »

(Reuters) – The International Monetary Fund’s (IMF) review mission met with Pakistani authorities in Islamabad on Thursday and commended the government on its progress toward economic recovery, the country’s finance ministry said in a statement. The South Asian nation is operating under a caretaker government after an IMF loan programme, approved in July, helped avert …

IMF review mission commends Pakistan for economic progress -finance ministry Read More »

By Fergal Smith TORONTO (Reuters) – Ontario on Thursday projected a wider budget deficit for the current fiscal year than previously expected and said it would launch an infrastructure bank to fund projects in Canada’s most populous province, a fiscal update showed. The province, one of the world’s biggest sub-sovereign borrowers, said it expected a …

Ontario raises deficit forecast, plans infrastructure bank launch Read More »

ROME (Reuters) – Italy’s manufacturing sector contracted in October for a seventh consecutive month, a survey showed on Thursday, amid persistent declines in output and new orders in the euro zone’s third-largest economy. The HCOB Global Purchasing Managers’ Index (PMI) for Italian manufacturing fell to 44.9 from 46.8 in September, again coming in well below …

Italy’s manufacturing sector shrinks further amid weak demand – PMI Read More »