(Reuters) – European shares dipped at the open on Wednesday, with gains in Germany’s Brenntag helping trim declines, while investors awaited the results of U.S. midterm elections to determine a shift of power in Washington. The pan-European STOXX 600 index edged 0.2% lower by 0813 GMT. German chemicals distributor Brenntag gained 1.6% after it posted …
European shares inch lower; U.S. midterm results eyed Read More »
By Michael S. Derby (Reuters) – Federal Reserve Bank of New York President John Williams cited the relative stability of longer-run inflation expectations as good news on Wednesday as the U.S. central bank continues to work to get price pressures back to the desired level. “The importance of maintaining well-anchored inflation expectations is a bedrock …
Fed’s Williams flags relative stability of longer run inflation expectations Read More »
LONDON (Reuters) – The Russian rouble was trading down slightly on Wednesday, holding close to 61 against the U.S. dollar after briefly hitting one-month highs during yesterday’s session. At 0703 GMT, the rouble was 0.1% weaker against the dollar at 61.03 and had lost 0.4% to trade at 61.22 versus the euro. Against the Chinese …
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s current account suffered the biggest year-on-year decline in the first half of this fiscal year since the 2008 global financial crisis, as the trade balance fell into deficit due to a weakening yen and rising global commodity prices. In the April-September period, the current account surplus more than …
Japan’s current account surplus falls the most since 2008 Read More »
A look at the day ahead in European and global markets from Tom Westbrook Six billion dollars of withdrawals in 72 hours have sent cryptocurrency exchange FTX into the arms of larger rival Binance and crypto markets into a new tailspin. “We are in the best of hands,” FTX founder Sam Bankman-Fried said on Twitter, …
BEIJING (Reuters) – China’s factory gate prices for October dropped for the first time since December 2020, and consumer inflation moderated, underlining faltering domestic demand as strict COVID curbs, a property slump and global recession risks hammered the economy. Analysts say the struggles for businesses and consumers both at home and abroad will heap deflationary …
China’s factory gate prices suffer first drop since Dec 2020 as COVID curbs take toll Read More »
NAIROBI (Reuters) -The International Monetary Fund and Kenya have reached a staff-level agreement after its fourth review of its lending programme, the fund said on Tuesday. The IMF said in a statement that under the review of Kenya’s Extended Fund Facility and Extended Credit Facility, the east African economy would have access to about $433 …
IMF, Kenya reach staff level agreement on lending programme Read More »
BERLIN (Reuters) -Germany will not face as severe a recession next year as currently predicted by the government, according to the five “wise ones” who advise Berlin on economic policy. The five-member economic advisory council sees Germany’s economy shrinking by 0.2% in 2023, versus the official forecast of a 0.4% contraction, a person familiar with …
Germany’s economic council less pessimistic than govt on looming recession -Source Read More »
MILAN (Reuters) – Italy’s Banco BPM on Tuesday said it had raised its outlook on net earnings per share in 2022 and 2023 after profits in the third quarter beat expectations thanks to higher rates. Italy’s third-largest bank said its net profit for the three months through September rose 14.3% from a year earlier to …
Banco BPM raises 2022 and 2023 EPS guidance after Q3 profit beats Read More »
(Reuters) – European shares inched lower at the open on Tuesday as miners led the declines on concerns of slowing demand from China, with investors also being cautious ahead of U.S. midterm elections that will determine control of Congress. The STOXX 600 index slid 0.4% by 0808 GMT. The European basic resources index shed 0.8%, …
European shares open lower as miners lead decline Read More »
