BERLIN (Reuters) – Germany’s wholesale price index rose in January compared with the same month last year, according to data released on Tuesday. Wholesale prices increased by 10.6% on the year, the federal statistics office reported. Wholesale price growth peaked in April, with a 23.8% year-on-year increase. High wholesale prices were driven mainly by increased …
German wholesale price index up 10.6% y/y in January Read More »
By Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will raise interest rates at least twice more in coming months, with the risk they go higher still, according to a majority of economists in a Reuters poll who see no cut by year-end. This brings the majority of private-sector forecasters in line with the …
At least two more Fed rate hikes and no cut this year, say economists Read More »
A look at the day ahead in European and global markets from Anshuman Daga Today’s inflation numbers from the world’s biggest economy on Valentine’s Day will be one of the most important economic data watched by markets. While blockbuster January jobs data has forced some market participants to grudgingly accept that the peak is not …
BRASILIA (Reuters) – Central bank governor Roberto Campos Neto is set to give a high-profile televised interview on Monday on Brazil’s monetary policy that has been questioned by President Luiz Inacio Lula da Silva, who has repeatedly called for higher inflation targets. Lula’s stance has given rise to speculation about a potential increase in official …
Brazil cenbank chief to speak amid speculation inflation targets could change Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. companies’ earnings woes are likely to extend beyond the weak fourth quarter, as a booming labor market weighing on margins looks set to hurt results in the first half of this year. Expectations for U.S. earnings to decline in the first and second quarter come amid …
U.S. companies face more pain as expected ‘earnings recession’ looms Read More »
By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Talks between the International Monetary Fund and Pakistan will resume virtually on Monday, a Pakistani official said, as the two sides look to reach a deal to unlock funding critical to keep the cash-strapped south Asian country afloat. The two could not reach a deal last week and a …
IMF, Pakistan to resume talks on unlocking bailout funds, official says Read More »
LONDON (Reuters) -Inflation is in the driving seat for markets already taking a punt on when central banks will start to cut borrowing rates. That puts Tuesday’s U.S. inflation data on the must-watch list. Who replaces Haruhiko Kuroda as the next Bank of Japan (BOJ) chief is also in focus with government nominations likely soon, …
A look at the day ahead in European and global markets from Tom Westbrook A flying octagon was the fourth object to be shot down over North America by a U.S. missile in little more than a week. Officials declined to say whether it resembled the large white Chinese balloon that was shot down earlier …
By Michael S. Derby NEW YORK (Reuters) – Philadelphia Federal Reserve President Patrick Harker said on Friday the surprisingly strong jobs data reported last week did not alter his view that moving to smaller interest rate rises was a good strategy for the U.S. central bank, as he flagged the prospect of rate cuts in …
Fed’s Harker says small rate hikes on table, opens door to cuts next year Read More »
By Isabel Woodford and Marion Giraldo (Reuters) -Peru’s economy and inflation have likely been hit by the ongoing social upheaval that has rocked the Andean nation since December, early indications suggest, the head of the central bank’s economic studies unit, Adrian Armas, said on Friday. Protests over the removal and arrest of former President Pedro …
Peru central bank: Early info shows protests affecting growth, inflation Read More »
