(Reuters) – Investors are of a mind that the U.S. Federal Reserve has delivered its final interest rate increase to cap the most aggressive policy-tightening cycle in four decades, but central bank officials caution it is still too soon to make that call. Last week’s hike brought the Fed’s policy rate to a range of …
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings fell to the lowest level in more than two years in June, but remained at levels consistent with tight labor market conditions, which could spur the Federal Reserve to keep interest rates elevated for some time. Labor market resilience was underscored by the third straight monthly …
US job openings hit more than two-year low; labor market still tight Read More »
MEXICO CITY (Reuters) – Remittances to Mexico totaled $5.57 billion in June, just under the all-time high reached the month before but dampened in real terms by the sharp appreciation of the peso against the dollar. June remittances — money sent home from Mexican workers abroad — were 8.3% higher than a year ago, data …
Remittances to Mexico near all-time high in June but strong peso weakens impact Read More »
By Ann Saphir (Reuters) – The U.S. central bank is on track to bring down inflation without triggering a major recession, Chicago Federal Reserve Bank President Austan Goolsbee said on Tuesday, though whether it will be able to do so without another interest-rate hike will depend on the data. “I’m kind of, I’m closet optimistic …
Fed’s Goolsbee says he is a ‘closet’ inflation optimist Read More »
LONDON (Reuters) – Manufacturing activity across the euro zone contracted in July at the fastest pace since COVID-19 was cementing its grip on the world as demand slumped despite factories cutting their prices sharply, a survey showed on Tuesday. There was considerable weakness seen in Germany, Europe’s largest economy, while France and Italy, the second- …
Euro zone factory July activity fell at fastest pace since onset of COVID -PMI Read More »
BERLIN (Reuters) – The downturn in Germany’s manufacturing sector deepened at the start of the third quarter as goods producers recorded sharper declines in new orders, factory gate prices and output in July, a survey showed on Tuesday. The HCOB final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s …
‘Ugly figures’ as German manufacturing slumps in July -PMI Read More »
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) – Colombia’s central bank unanimously held the benchmark interest rate at 13.25% for the second time in a row on Monday, amid slowing inflation which has removed pressure for further hikes but remains too high for borrowing cost cuts. Inflation remains at high levels compared to the …
Colombia central bank holds benchmark interest rate at 13.25% Read More »
By Giuseppe Fonte and Antonella Cinelli ROME (Reuters) -Italy’s economy performed surprisingly poorly in the second quarter, data showed on Monday, offering an uncomfortable outlook for Prime Minister Giorgia Meloni as her government tries to tackle the negative impact of high inflation. Gross domestic product (GDP) contracted by 0.3% on a quarterly basis between April …
Italy GDP unexpectedly shrinks in blow to Meloni Read More »
DUBAI (Reuters) – Saudi Arabia’s gross domestic product (GDP) grew 1.1% in the second quarter, according to government estimates released on Monday, supported by an increase in non-oil activities, although overall growth decelerated sharply from the prior-year period. The Saudi economy grew 8.7% last year, among the fastest in the G-20, as high oil prices …
Saudi Arabia’s economy grows 1.1% in Q2, boosted by non-oil activities Read More »
(Reuters) -The Bank of England is the last of the big central banks to meet before the summer break gets truly under way, but euro zone data, U.S. jobs numbers and rumblings in the China property sector will keep markets busy as the earnings season winds down. Here’s a look at the week ahead in …
