By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever First Australia, now Canada. Who’ll be next to blink on interest rates? The Bank of Canada on Wednesday raised rates by 50 basis points, less than the 75 bps markets had expected. This surprise mirrored the Reserve Bank …
BRASILIA (Reuters) – Brazil’s federal public debt fell for the third consecutive month in September, official data showed on Wednesday, with the net redemption of bonds again reducing the government’s liquidity reserve. According to the Treasury, bond redemptions exceeded issuances by 76.4 billion reais ($14.29 billion). At the same time, interest payments on public debt …
Brazil’s public debt drops for third straight month in September Read More »
By Julie Gordon and David Ljunggren OTTAWA (Reuters) – The Bank of Canada announced a smaller-than-expected interest rate hike on Wednesday and said it was getting closer to the end of its historic tightening campaign as it forecast the economy would stall over the next three quarters. The central bank increased its policy rate by …
Bank of Canada slows pace of rate hikes as recession fears mount Read More »
MOSCOW (Reuters) – The rouble edged lower on Wednesday, easing towards the 62 mark against the dollar ahead of three planned OFZ treasury bond auctions by the finance ministry, while Russia’s benchmark stock index climbed to a one-month high. At 0802 GMT, the rouble was 0.1% weaker against the dollar at 61.52 and had lost …
Rouble edges lower ahead of three OFZ treasury bond auctions Read More »
By Marie Mannes and Anna Ringstrom STOCKHOLM (Reuters) -Assa Abloy, the world’s biggest lockmaker, on Wednesday posted an unexpectedly big jump in third-quarter profits on the back of strong sales and currency effects, but warned demand may be set to slow. The Swedish group said operating profit grew 47% from a year earlier to 4.97 …
Lockmaker Assa Abloy’s third-quarter profit jumps on strong demand Read More »
(Reuters) – European stocks slipped from one-month highs on Wednesday, with technology stocks leading the losses as disappointing results from Wall Street giants and a warning from Dutch semiconductor supplier ASM added to concerns about slowing economic growth. The pan-European STOXX 600 index fell 0.2% by 0719 GMT. The index hit more than a one-month …
Tech stocks drag European shares lower after sombre Wall Street earnings Read More »
RIYADH (Reuters) – Former U.S. treasury secretary Steve Mnuchin said on Wednesday he believed the United States was in a recession and said this would continue. Speaking at Riyadh’s flagship investment conference FII, he said: “I think we’ll probably see a peak of 4.5% 10-year rates.” “I think you are going to see inflation in …
Ex treasury secretary Mnuchin says U.S. in recession, will continue Read More »
(Reuters) – U.S. Senate Banking Committee Chair Sherrod Brown on Tuesday urged Federal Reserve Chair Jerome Powell to be careful about tightening monetary policy so much that millions of Americans already suffering from high inflation also lose their jobs. “It is your job to combat inflation, but at the same time, you must not lose …
Fed’s Powell, on eve of next rate hike, urged to protect jobs Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed sharply higher on Tuesday as soft economic data hinted that the Fed’s aggressive policy is taking effect, while falling benchmark Treasury yields boosted the rally’s momentum. All three major U.S. stock indexes advanced for the third straight session, with market-leading megacaps providing the most upside …
Wall St extends rally on signs of ebbing Fed rate hikes Read More »
BRASILIA (Reuters) – Brazilian Economy Minister Paulo Guedes on Tuesday said the government of President Jair Bolsonaro could, if re-elected, raise the minimum wage above inflation now that the pandemic is over. Speaking virtually at an event on cooperativism, the minister also denied that the government wants to end the possibility of deducting medical and …
Brazil’s Guedes says govt may raise minimum wage above inflation Read More »
