A look at the day ahead in European and global markets from Kevin Buckland Europe yet again wakes up to a swathe of red in Asian markets on Tuesday. But how big of an impact it would have is to be seen. The biggest eyesore is the more than 1% plunge in Japan’s Nikkei share …
Marketmind: No calm before the central bank storm Read More »
By Matt Spetalnick WASHINGTON (Reuters) – The Biden administration is preparing to unveil new regulatory measures to allow more U.S. financial support for small private businesses in Cuba, a person familiar with the matter said on Monday. The move, expected as soon as this week, is seen as a long-promised but limited step to ease …
US prepares measures to help Cuban small businesses -source Read More »
(Reuters) – Brazil’s Finance Ministry on Monday raised its projection for economic growth in 2023 to 3.2% from the previous estimate of 2.5% in July, primarily driven by unexpectedly strong activity during the second quarter of the year. In addition to the second-quarter surprise, the ministry’s economic policy secretariat said in a statement that a …
Brazil raises 2023 GDP growth outlook as activity strengthens Read More »
FRANKFURT (Reuters) -Building permits for apartments in Germany fell 31.5% in July from a year earlier, the statistics office disclosed on Monday, highlighting a slump in demand plaguing the construction and real estate industry. The nosedive in permits comes amid calls from firms for stimulus from Berlin to support the industry ahead of a meeting …
German home building permits plunge as industry calls for stimulus Read More »
BEIJING (Reuters) -China’s yuan will stabilise after improvements in recent economic data and the bottoming out of domestic prices, state-owned media said on Monday. China’s falling interest rates have effectively stimulated market demand and supported the economic recovery, the Financial News, a publication backed by the People’s Bank of China (PBOC) said. “The exchange rate …
China’s yuan will stabilise as domestic prices bottom out – central bank publication Read More »
(Reuters) -Central banks take centre stage with five of those overseeing the 10 most heavily traded currencies – including the U.S. Federal Reserve – holding rate-setting meetings, plus a swathe of emerging market ones as well. Here’s your week ahead in markets from Lewis Krauskopf in New York, Kevin Buckland in Tokyo, Amanda Cooper, Naomi …
DUBAI (Reuters) – The United Arab Emirates (UAE) saw revenue increase 31.8% in revenue in 2022, its finance minister said on Sunday, supporting an overall fiscal surplus last year. One of the Gulf’s most diversified economies, the UAE has been developing its non-oil sectors, focusing on areas such as trade, tourism, manufacturing and logistics and …
A look at the day ahead in European and global markets from Vidya Ranganathan. The global chip sector is stealing the spotlight from major central banks, after the world’s top contract chipmaker raised concerns over demand, hitting share prices of semiconductor stocks. Reuters reported on Friday that TSMC had asked its major vendors to delay …
By Jamie McGeever ORLANDO, Florida (Reuters) – Hedge funds cut their net short dollar position by nearly $5 billion last week, according to the latest U.S. futures markets data, the biggest swing towards a more bullish dollar stance since May last year. The move away from a bearish dollar position and the dollar’s rally over …
Column-Funds on verge of long dollar flip: McGeever Read More »
BUENOS AIRES (Reuters) – Argentina’s economy is expected to grow 2.7% in 2024 after contracting 2.5% this year, according to a budget proposal sent by the economy ministry to Congress late on Friday. “GDP growth is expected to continue at a rate of 2.0% annually during the period 2025-2026,” the budget proposal showed, adding that …
Argentina government expects economic rebound, inflation slowdown in 2024 Read More »
