By Noel Randewich (Reuters) – The S&P 500’s over 1% surge on Tuesday adds to two weeks of strong gains as investors speculate that third-quarter earnings reports could help pull the market out of its downturn. Apple, Tesla and other tech-related stocks drove Wall Street higher, with Microsoft and Alphabet each adding about 1% ahead …
S&P 500 adds to mid-October rebound from bear market low Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence ebbed in October after two straight monthly increases amid rising concerns about inflation and a possible recession next year, but households remained keen to purchase big-ticket items like motor vehicles and appliances. The Conference Board survey on Tuesday also showed more consumers planned to buy a …
Inflation worries hurt U.S. consumer confidence; house prices decelerating Read More »
(Reuters) – U.S. companies borrowed 11% more in September to finance their equipment investments compared with a year earlier, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday, while raising doubts over the sustainability of this growth amid slowdown fears. The companies signed up for $10.2 billion in new loans, leases and lines …
U.S. business equipment borrowings grew 11% in September – ELFA Read More »
By Hannah Lang (Reuters) -The U.S. Consumer Financial Protection Bureau (CFPB) will move forward this week with an “open banking” rule that could dramatically boost competition in the consumer finance industry and increase Americans’ access to financial services. In a speech on Tuesday, CFPB Director Rohit Chopra said the agency expects to propose requiring financial …
U.S. consumer agency to move ahead with ‘open banking’ rule this week Read More »
BERLIN (Reuters) -German business morale fell slightly in October, though still beating analyst estimates, as companies expectations improved despite less satisfaction with their current business, a survey said on Tuesday. The Ifo institute said its business climate index was 84.3 following a revised reading of 84.4 in September. A Reuters poll of analysts had pointed …
German business morale falls slightly in October, beating expectations Read More »
FRANKFURT (Reuters) – Euro zone banks expect to tighten access to credit further in the fourth quarter and see a drop in loan demand as economic growth slows and interest rates rise, the European Central Bank said on Tuesday. As a winter recession now appears almost certain, confidence has been dropping rapidly, raising the risk …
Euro zone banks see falling loan demand, tighter access to credit in Q4 Read More »
MOSCOW (Reuters) – The Russian rouble edged marginally lower against the dollar on Tuesday, as the end of a favourable month-end tax payments period drew close, while investors awaited a central bank rate decision later this week. At 0732 GMT, the rouble was 0.3% weaker against the dollar at 61.33 and had gained 0.4% to …
Rouble edges lower as end of tax payments period approaches Read More »
MADRID (Reuters) – Spanish industrial production prices rose 35.6% in the 12 months through September, down from a 42.9% increase in the year through August, the National Statistics Institute (INE) said on Tuesday. The industrial 12-month production price increase in September was the slowest since December 2021, INE’s data showed. The increase had peaked at …
Spanish Sept industrial prices up 35.6% on year, slowest since Dec Read More »
By Sabrina Valle HOUSTON (Reuters) – U.S. upstream oil companies are expected to bank 68% higher free cash flows per barrel produced in 2022 as surging prices fuel profits, while output growth lingers at 4.5% year to date, Deloitte consultancy said on Monday. The study illustrates the clash between the White House and oil companies …
U.S. oil companies’ cash flow to rise by 68% per barrel in 2022 – Deloitte Read More »
MEXICO CITY (Reuters) – Mexican annual inflation slowed more than expected in the first half of October, remaining far above the central bank’s target rate, while the closely watched core index climbed higher, data from national statistics agency INEGI showed on Monday. Headline annual inflation in Latin America’s second-largest economy inched down to 8.53% from …
Mexican headline inflation slows in early October, core index still a concern Read More »
