By David Randall NEW YORK (Reuters) – Cracks are widening in an early-year rally in stocks, as rising Treasury yields bolster the allure of bonds and skew equity valuations. For weeks, stocks have largely withstood a rise in Treasury yields that has come amid signs that the Federal Reserve may have to raise rates higher …
Analysis-U.S. stocks’ early-year rally is melting away as Treasury yields surge Read More »
By Noe Torres MEXICO CITY (Reuters) – Mexico’s inflation is forecast to have eased in the first half of February, a Reuters poll showed on Monday, though consumer prices remain well above the central bank’s target, and is likely to make way for another interest rate hike. The median forecast of 13 analysts forecast annual …
Mexico headline, core inflation both seen dropping in early Feb: Reuters Poll Read More »
FRANKFURT (Reuters) – Euro zone wages are now catching up after rapid inflation eroded their purchasing power and there is no wage-price spiral underway, European Central Bank President Christine Lagarde told Finnish broadcaster YLE on Tuesday. Lagarde said the ECB was monitoring wage growth “very, very closely” because it is a key driver of inflation …
Quick euro zone wage growth is just normal catch up, ECB’s Lagarde says Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. existing home sales dropped to the lowest level in more than 12 years in January, but the pace of decline slowed, raising cautious optimism that the housing market slump could be close to reaching a bottom. The report from the National Association of Realtors on Tuesday also showed …
U.S. home sales post 12th straight monthly drop; house price inflation slows Read More »
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s annual inflation rate eased more than expected in January to 5.9%, data showed on Tuesday, which should allow the Bank of Canada to keep interest rates steady at its next meeting while it lets previous rate hikes sink in. Analysts had expected inflation to edge down …
Canada’s inflation slows in January, making rate pause more likely Read More »
By Sudip Kar-Gupta PARIS (Reuters) – French economic activity grew in February for the first time since October, helped by a slight easing in inflationary pressures and strength in the jobs market, a survey showed on Tuesday. S&P Global said its flash reading for the purchasing managers’ index (PMI) for France’s dominant services sector stood …
French economy moves back into growth territory in February -flash PMI Read More »
A look at the day ahead in European and global markets from Ankur Banerjee: After a sputtering start to the week for the equities market, flash PMI data from Eurozone, UK and Germany will likely give some sort of direction for traders. Investors have put on their risk-off hats so far, with the dollar ascendant …
JERUSALEM (Reuters) – Israel’s foreign minister criticized the Bank of Israel for raising its benchmark interest rate again on Monday and said he supported a process that would halt further rate increases. “In the context of moderating inflation, there was no justification for today’s interest rate hike,” Foreign Minister Eli Cohen wrote on Twitter. In …
Israel’s foreign minister criticizes central bank rate hike Read More »
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) -The Bank of Israel on Monday raised its benchmark interest rate by another half a percentage point, and a senior official said more increases were likely needed to rein in inflation that remains above a 5% rate. The central bank lifted its key rate to 4.25% – …
Bank of Israel battle against ‘sticky’ inflation rages on Read More »
BUDAPEST (Reuters) – Hungary’s European Union funds negotiator on Monday flagged a further possible delay in access to billions of euros of recovery money, saying ironing out remaining issues with Brussels over democratic reforms could last until the summer. Hungary can receive some 5.8 billion euros ($6.2 billion) in free grants and a further 9.6 …
Hungary flags further possible delay in access to EU funds -report Read More »
