BERLIN (Reuters) -German exports fell more than expected on the month in August, federal statistics office data showed on Thursday, as weak global demand hurt the country’s exports. Exports fell 1.2% in August from the previous month, data showed, compared with a forecast 0.4% decline in a Reuters poll. August was the second month in …
German exports fall more than expected in August Read More »
By Alun John and Naomi Rovnick LONDON (Reuters) -A broad selloff in world government bonds on Wednesday drove up U.S. 30-year Treasury yields to 5% for the first time since 2007 and German 10-year yields to 3%, moves that could hasten a global slowdown and hurt stocks and corporate bonds. The tone was calmer later …
World’s biggest bond markets steady after heavy selloff Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended higher and the Nasdaq gained more than 1% on Wednesday, a day after a sell-off, as the latest economic data showed U.S. private payrolls increased less than expected in September. Consumer discretionary rose 2%, leading S&P 500 sectors higher, followed by communication services and technology, …
Nasdaq leads Wall St rebound after weaker-than-expected data Read More »
By Rodrigo Campos NEW YORK (Reuters) -The World Bank on Wednesday raised its growth estimate for the economies of Latin America and the Caribbean (LAC) to 2.0% from 1.4% in 2023 even as economic growth in the region remains the slowest in the world. A World Bank spokesperson cited the region’s success in fighting inflation …
World Bank raises Latam growth estimate, citing inflation fight Read More »
WASHINGTON (Reuters) – New orders for U.S.-made goods increased more than expected in August and shipments accelerated, supporting views that economic growth strengthened in the third quarter. Factory orders rebounded 1.2% after falling 2.1% in July, the Commerce Department said on Wednesday. Economists polled by Reuters had forecast orders gaining 0.2%. Orders rose 0.5% on …
NEW YORK (Reuters) – A sell-off in Treasuries continued overnight before paring losses, with long-term yields pushed to highs unseen since the global financial crisis. A growing sense that interest rates in major economies will stay higher for longer to contain inflation, resilient U.S. economic data and a sharp unwinding of traders’ positions for a …
World’s biggest bond markets hit by wave of selling, then bounce Read More »
By Fergal Smith TORONTO (Reuters) – Greater Toronto Area (GTA) home prices rose in September for the first time in four months, as the Bank of Canada paused its interest rate hiking campaign, but the level of sales fell to the lowest since January. The average price of a GTA home rose 3.4% in September …
Toronto home prices rebound in September, sales hit 8-month low Read More »
PARIS (Reuters) – France’s services sector shrank slower than first estimated in September but still at the fastest rate in almost three years as falling new orders and export business weighed on the euro zone’s second-biggest economy, a survey showed on Wednesday. The HCOB France final purchasing managers index (PMI) for the services sector, compiled …
French services sector shrinks less than first thought in Sept -PMI Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Crisis-hit Sri Lanka will focus on improving tax collection as it streamlines the structure of the tax system, the treasury secretary said on Wednesday, with new legislation planned to improve public finances. The steps follow comments by the International Monetary Fund, which blamed an expected shortfall in government revenue …
Sri Lanka aims to streamline tax structure, boost collections Read More »
BERLIN (Reuters) – Activity in Germany’s services sector edged up slightly in September, following a drop the month before, a survey showed on Wednesday. The HCOB final services Purchasing Managers’ Index (PMI) rose to 50.3 in September from to 47.3 in August, rising back above the 50 level that signals growth in activity. Demand remained …
German service sector activity edges up in Sept -PMI Read More »
