A look at the day ahead in European and global markets from Wayne Cole. It’s TACO time, again. At least, investors are hoping the latest sound and fury from President Trump on tariffs will signify little in the end. After all, he struck a different tone on social media over the weekend. “Don’t worry about …
Morning Bid: Every trade cloud has a TACO lining Read More »
SYDNEY (Reuters) -The Australian government said on Monday it would revise its proposal to hike taxes on the retirement savings of its wealthiest workers, including backing down on plans to tax unrealised gains, seeking to win support for the contentious legislation. The original plan, announced in 2023, proposed doubling taxes from 15% to 30% on …
Australia overhauls plan to hike taxes on retirement savings of the wealthy Read More »
By Howard Schneider WASHINGTON (Reuters) -Surging business investment is expected to offset weaker growth in consumption and global trade and keep the U.S. economy growing near trend, according to a National Association for Business Economics survey, though slow job growth, higher unemployment and stickier inflation will mar the outlook. The Trump administration’s new import taxes …
Economists see stronger US growth, but weak job gains and stickier inflation Read More »
(Reuters) -A boom at financial technology firms and growing demand to get to grips with artificial intelligence lifted financial sector job vacancy numbers in London in the third-quarter, Morgan McKinley’s London Employment Monitor showed on Monday. Vacancies in the sector rose 9% year-on-year, the recruiter said, although it warned that graduate-level hiring was slowing as …
Fintech and AI drive London finance job vacancy growth in Q3, recruiter says Read More »
By Lewis Krauskopf NEW YORK (Reuters) -Investors will look to major banks’ quarterly earnings reports in the coming week to help gauge the U.S. economy’s health as the federal government shutdown has interrupted the flow of new data. Major U.S. equity indexes slumped on Friday, stalling the market’s momentum, after comments from President Donald Trump …
Investors seek economic clues from bank earnings amid data fog Read More »
BRASILIA (Reuters) -Brazil’s government on Friday announced a new real estate funding framework that loosens rules on the mandatory allocation of bank resources to the sector, releasing 36.9 billion reais ($6.72 billion) for them to boost housing loans. The changes are based on easing the use of savings accounts as the main source of housing …
Brazil unveils new housing credit model, freeing up $6.7 billion for new loans Read More »
By Amir Orusov and Pranav Kashyap (Reuters) -European shares tanked on Friday, erasing weekly gains in a last-minute slide as renewed trade war fears sparked by fresh threats from U.S. President Donald Trump rattled investors’ nerves, with their focus also on France. The benchmark STOXX 600 closed 1.2% lower in its worst intraday drop in …
Trump’s fresh tariff threats knock Europe stocks to weekly loss in last-minute slide Read More »
(Reuters) -Kalshi said on Friday it had raised over $300 million in a new funding round led by Sequoia and Andreessen Horowitz, giving the predictions marketplace a valuation of $5 billion – more than double the mark it achieved about four months ago. The latest financing comes as investor interest grows in prediction market platforms, …
Kalshi secures over $300 million as interest in prediction market platforms grows Read More »
TORONTO (Reuters) – Canada’s economy added 60,400 jobs in September and the jobless rate held at 7.1%, Statistics Canada data showed on Friday. Market reaction: [CAD/] Link: COMMENTARY DOUG PORTER, CHIEF ECONOMIST, BMO CAPITAL MARKETS “As much as the headlines were very impressive, there were some cautionary flags here. The number of hours worked actually …
Instant View: Canada’s economy adds 60,400 jobs in September Read More »
A look at the day ahead in European and global markets from Gregor Stuart Hunter: Japan’s Sanae Takaichi, on track to be prime minister and the first female holder of the job, has set pulses racing in Tokyo lately but today she is encountering pushback on her earlier tough talk towards the central bank from …
