By Davide Barbuscia and David Randall (Reuters) – Some investors believe an expected recession will force the Federal Reserve to loosen monetary policy next year, even as the central bank projects it will raise rates higher than it previously anticipated and keep them there longer as it fights to crush inflation. The dynamic came into …
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s property sector shrank further in November, with falls in prices, sales and investment, partly as COVID-19 restrictions hit demand, although recent market-supportive policies and the easing of COVID curbs have burnished the outlook. Analysts expect sentiment to recover gradually next year, as the relaxation of COVID …
China property slumps further in Nov, policies support gradual recovery Read More »
A look at the day ahead in European and global markets from Ankur Banerjee With the market on edge after hawkish rhetoric from the Fed, the stage is set for the Bank of England and the European Central Bank to deliver 50 basis point interest rate hikes and chart their path in the fight against …
By Ellen Zhang and Joe Cash BEIJING (Reuters) – China’s economy lost more steam in November as factory output slowed and retail sales extended declines, both missing forecasts and clocking their worst readings in six months, hobbled by surging COVID-19 cases and widespread virus curbs. The data suggested a further deterioration in economic conditions as …
China’s factory, retail sectors skid as COVID hits growth Read More »
JAKARTA (Reuters) – Indonesia posted a larger-than-expected trade surplus last month, as imports unexpectedly contracted on a yearly basis while exports slowed, official data showed on Thursday. November imports were down 1.89% on a yearly basis to $18.96 billion, compared with a prediction of a 7% increase in a Reuters poll. Southeast Asia’s largest economy …
Indonesia books bigger-than-expected Nov trade surplus of $5.2 billion Read More »
By Tetsushi Kajimoto and Mariko Katsumura TOKYO (Reuters) -Japan logged a trade deficit for a 16th straight month in November as imports surged to a record level, while subdued growth in exports to China fanned concern about how COVID disruptions there could impact other economies. The trade deficit came in at 2 trillion yen ($14.8 …
Japan extends long trade deficit run, slow Chinese demand stokes worry Read More »
By David Shepardson WASHINGTON (Reuters) -White house adviser John Podesta said on Wednesday the Biden administration soon plans to released detailed guidance on how Americans can take advantage of new clean energy tax credits. Podesta cited a number of clean energy tax credits approved in August as part of the $430 billion Inflation Reduction Act …
White House to release ‘detailed guidance’ for Americans to access climate tax credits Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. import prices fell for a fifth straight month in November, pulled down by declining costs for petroleum products and a strong dollar, supporting the view that inflation could continue to moderate in the months ahead. The report from the Labor Department on Wednesday followed on the heels of …
U.S. import prices drop further; inflation pressures easing Read More »
By Michael S. Derby WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday that recent data showing lower price pressures is not enough for the central bank to change its outlook for inflation yet. “The inflation data received so far in October and November show a welcome reduction in the pace of price …
Fed’s Powell says inflation data received in Oct and Nov shows ‘welcome reduction’ Read More »
By Lucy Craymer and Alasdair Pal WELLINGTON (Reuters) – New Zealand’s government on Wednesday forecast the country would enter a recession in 2023, even as the budget remained on target to move into surplus for the 2024/25 financial year. Spending constraints and the forecast recession will add to challenges facing Prime Minister Jacinda Ardern’s Labour …
New Zealand forecasts recession next year but a narrower budget deficit Read More »
