Reuters US Economy

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever As tightening financial conditions continue to choke investor sentiment and slam global stock markets, good old-fashioned PMI data from China will set the tone for Asian markets on Wednesday. Relief from the current gloom might be in short supply. China’s manufacturing …

Marketmind: Don’t bank on China PMIs lifting the gloom Read More »

By Lewis Krauskopf NEW YORK (Reuters) – U.S. stocks are looking expensive again to some investors, as the Federal Reserve’s hawkish message lifts bond yields and pushes market participants to reassess equity valuations. The S&P 500’s forward price-to-earnings ratio, a common metric for valuing stocks, has crept back up to around 17 times earnings after …

Analysis-Aggressive Fed spurs worries over stock valuations Read More »

BRASILIA (Reuters) -Brazil’s Economy Ministry is preparing a new fiscal model to be presented after the October presidential elections, seeking to make the constitutional spending cap more flexible, the Treasury said on Tuesday. During a news conference on the results of the central government in July, Treasury Secretary Paulo Valle stated that the idea is …

Brazil’s Treasury to present flexible spending cap rule proposal after election Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the U.S. equity options market appear to be betting that stocks, which turned volatile last week following the Federal Reserve’s warning on continued policy tightening, will remain choppy over at least the next couple of months. The volatility index, or VIX, was 0.33 points higher …

Traders see stock market volatility lingering as Wall Street fear gauge perks up Read More »

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Another dam has burst, with the two-year rise to a 15-year high just shy of 3.50% flooding global markets with extra uncertainty and fear. Wall Street managed to claw back some of its earlier losses on Monday but still closed in …

Marketmind: Two-year U.S. bond yield dam bursts Read More »

BOGOTA (Reuters) – Representatives of Colombia’s oil, mining and tourism industries told opposition lawmakers on Monday a $5.7 billion tax reform proposed by the government of leftist President Gustavo Petro could put their sectors at risk. Petro, who took office early this month, has said he is willing to negotiate on the reform, which seeks …

Colombia oil, tourism industries warn tax reform may have negative impact Read More »

By Divya Chowdhury MUMBAI (Reuters) – The U.S. Federal Reserve will not back away from “talking tough” on the markets until there is significant progress on inflation, which will perpetuate volatility into mid-2023, UBS Global Wealth Management’s chief investment officer said on Monday. Mark Haefele told the Reuters Global Markets Forum he saw the S&P …

Fed to stay focused on inflation, markets will be volatile – UBS Global Wealth Read More »

PRAGUE (Reuters) – European Union member states need to reach a binding agreement on how to reduce their high debt levels, German Chancellor Olaf Scholz said on Monday. “That agreement has to be binding, facilitate growth and be politically marketable,” Scholz said according to the text of a speech for delivery at the Charles University …

Scholz: EU states need agreement on how to reduce debt Read More »

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s president is set to slash expenditure when he presents an interim budget on Tuesday to see the crisis-ridden country through the rest of the year, amid discussions with the International Monetary Fund on a bailout package. The tourism-dependent nation of 22 million is facing its worst economic …

Sri Lanka’s president to cut spending in interim budget Read More »