By Devayani Sathyan BENGALURU (Reuters) – New Zealand’s central bank will likely keep interest rates unchanged at 5.50% on Wednesday and for the rest of the year, marking an end to its 20-month long hiking cycle which has already pushed the economy into recession, a Reuters poll found. One of the first movers in the …
New Zealand central bank to hold rates in July and for rest of 2023: Reuters poll Read More »
NEW YORK (Reuters) – U.S. 30-year mortgage rates rose to an average of 6.81% this week, the highest level of 2023, according to Freddie Mac’s mortgage market survey. Mortgage rates have risen sharply in tandem with the Federal Reserve’s aggressive monetary policy stance adopted since last year aimed at curbing inflation. As a result, the …
U.S. mortgage rates rise to 6.81%, highest level this year -Freddie Mac Read More »
By Fergal Smith TORONTO (Reuters) – The Canadian dock workers strike is another factor for the Bank of Canada (BoC) to consider ahead of its policy announcement next week because the longer it drags on, the greater the risk of supply-chain disruptions that fuel inflation, economists said. Some 7,500 dock workers went on strike on …
Canada port strike may add to inflation concerns ahead of rate decision Read More »
By Manya Saini (Reuters) -U.S. bank stocks fell and a key regional index hit a near two-week low on Thursday amid lingering worries about the health of the lenders in the aftermath of the crisis in regional banks and ahead of second-quarter results that start next week. The KBW Regional Banking Index, which hit its …
US bank stocks fall as investors turn jittery ahead of Q2 results Read More »
By Maria Martinez BERLIN (Reuters) -German industrial orders rose significantly more than expected in May due to large-scale orders of ships, spacecraft and military vehicles, but analysts said that beyond those exceptional purchases the sector remains under serious pressure. Incoming orders rose by 6.4% on the previous month on a seasonally and calendar adjusted basis, …
German industrial orders up but situation still critical, say analysts Read More »
By Tommy Wilkes and Patturaja Murugaboopathy LONDON (Reuters) – Equity funds with an environmental, social and governance (ESG) tilt suffered a large loss of investors in the three months to end-June, dragging the sector into a rare net outflow for a first half of the year, data showed. Outflows were driven by economic and regulatory …
ESG equity funds suffer big outflows, buffeted by market jitters and U.S. backlash Read More »
By Vuyani Ndaba JOHANNESBURG (Reuters) – Emerging market currencies will hold on to gains into next year provided their respective central banks hold or only moderately prune already-high interest rates that have boosted carry trades, a Reuters poll found on Thursday. The June 30-July 5 poll of 52 currency strategists found as long as most …
EMFX will hold gains into 2024 provided central banks hold rates: Reuters poll Read More »
A look at the day ahead in European and global markets from Kevin Buckland U.S. policymakers are stealing the spotlight in the markets today, after the Fed cemented its hawkish credentials overnight and Janet Yellen started a trip to China just as Beijing restricts chip-making metal exports. APAC investors clearly took notice, sending stocks sliding …
Marketmind: Fed hawks, China tensions keep markets under pressure Read More »
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) -Sri Lanka cut its key interest rates for the second consecutive month on Thursday as inflation tapered after last year’s devastating economic crisis and the focus returned to reviving economic growth following a bailout from the International Monetary Fund (IMF). The Central Bank of Sri Lanka (CBSL) …
Sri Lanka cuts key rates as expected; more cuts seen by year-end Read More »
DUBAI (Reuters) – Foreign direct investment (FDI) flows into the United Arab Emirates rose 10% in 2022 from the previous year to a record $23 billion, the United Nations trade body said in a report on Wednesday. Globally, FDI fell 12% in the year, the United Nations Conference on Trade and Development (UNCTAD) report said …
UAE attracts record $23 billion in foreign investment in 2022 – UN report Read More »
