Reuters US Economy

By Promit Mukherjee OTTAWA (Reuters) – Canada recorded a widely anticipated drop in retail sales in July as purchases across a broad range of products dropped, data from the national statistics agency showed on Friday, with consumers spending less for clothing and groceries. Retail sales for July were down 0.8% to C$69.6 billion ($50.36 billion), …

Canada’s July retail sales drop 0.8%, but rebound likely in August Read More »

By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) – The Bank of Japan decided on Friday to start selling its holdings of risky assets and two board members voted against keeping interest rates steady, suggesting the bank would phase out its massive monetary stimulus sooner than first thought. While the central bank kept short-term interest …

BOJ to unwind ETF holdings as split board signals hawkish shift Read More »

TOKYO (Reuters) – The Bank of Japan kept interest rates steady on Friday, but decided to start selling its holdings of exchange-traded funds (ETF) and real-estate investment trusts (REIT). As widely expected, the central bank maintained short-term interest rates at 0.5% at the two-day policy meeting that ended on Friday. But board members Naoki Tamura …

BOJ keeps interest rates steady, decides to start selling ETFs Read More »

By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s peso and sovereign bonds tumbled on Thursday after the central bank executed its largest daily dollar sale in five months, as fresh legislative defeats for President Javier Milei stoked investor fears that his fiscal austerity program is in jeopardy. Pressure mounted on the peso as institutional investors …

Argentine markets slump as Milei fiscal fears mount Read More »

By Shashwat Chauhan (Reuters) – London stocks closed higher on Thursday in line with gains seen across Europe after the U.S. Federal Reserve cut interest rates for the first time this year, reacting little to the Bank of England’s decision to hold its rates steady. The blue-chip FTSE 100 closed 0.2% higher, with gains in …

London stocks rise as Fed cuts rates, unmoved by BoE hold Read More »

By Bharath Rajeswaran and Vivek Kumar M (Reuters) – India’s benchmark shares rose on Thursday, closing at 10-week high levels, led by IT and pharmaceutical shares after the U.S. Federal Reserve delivered a quarter-point rate cut and on signs of easing trade tensions. The Nifty 50 gained 0.37% to 25,423.60, and the BSE Sensex rose …

India’s stock benchmarks hit 10-week highs on Fed rate cut, optimism over US trade talks Read More »

(This story has been corrected to change Maybank’s previous rate forecast to 4%, not 4.25%, in paragraph 8) By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Several economists said on Thursday that they expected more aggressive easing by Indonesia’s central bank after this week’s surprise rate cut, with many noting the governor’s determination to …

Market expecting more easing after surprise Indonesia central bank cut Read More »