Reuters US Economy

By Safiyah Riddle (Reuters) – More than one-in-five Americans plan on vacationing in a foreign country in the near future, the highest share ever recorded, even as overall consumer confidence was dragged down by worsening inflation expectations in August. Conference Board data published on Tuesday revealed that 21.8% of Americans intend on visiting a foreign …

Record number of Americans plan on traveling abroad in the next 6 months Read More »

By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) -Disillusioned with a weak stock market at home, geopolitical risks and a falling currency, Chinese investors are pouring money into investment products with exposure to overseas assets that will also help diversify their portfolios. Retail money has gushed into exchange traded funds (ETFs) and mutual funds …

Analysis-Chinese investors rush to offshore funds to offset domestic risks Read More »

BERLIN (Reuters) – German consumer sentiment is expected to fall in September, due to declining income expectations and propensity to buy, a GfK institute survey showed on Tuesday. The institute’s consumer sentiment index fell to -25.5 heading into September from a slightly revised -24.6 in August, below expectations of analysts polled by Reuters of a …

German consumer morale to fall in September -GfK Read More »

BEIJING (Reuters) – China’s factory activity likely contracted for a fifth straight month in August, a Reuters poll showed on Tuesday, as weak demand threatens recovery prospects in the world’s second-largest economy and pressures officials to prop up growth. The official purchasing managers’ index (PMI) is expected to have edged up to 49.4 in August, …

China’s factory activity likely extended declines in August – Reuters poll Read More »

(Reuters) – U.S. companies borrowed nearly 2% less in July than last year to finance equipment investments, an Equipment Leasing and Finance Association (ELFA) survey showed on Monday. The companies signed up for new loans, leases, and lines of credit worth $9.9 billion last month, compared with $10.1 billion a year earlier, the industry body’s …

US business borrowing for equipment falls 2% in July – survey Read More »

By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s new home prices will likely show no growth this year, according to a Reuters poll, highlighting the intense pressure in the crisis-hit property sector that has put a choke-hold on the economy and left policymakers in a scramble to restore confidence. The expected 0% year-on-year …

China new home prices growth likely flat in 2023, dragging on economy – Reuters poll Read More »

By Nevzat Devranoglu and Karin Strohecker ANKARA/LONDON (Reuters) – Turkey’s latest massive interest rate hike has caught the attention of long-sceptical foreign investors who say they could return to Turkish assets if authorities continue to demonstrate that a return to orthodox monetary policy is underway. The lira rallied as much as 7% on Thursday after …

Analysis-After Turkey’s giant rate hike, foreign investors mull return Read More »