A look at the day ahead in European and global markets from Alun John Equity markets have, at last, started listening to central bank policymakers, now increasingly singing from the same hymn sheet, but stocks don’t like the tune. Fed Chair Jerome Powell said on Friday the U.S. central bank will continue to raise rates …
Central bankers sing in harmony, but stocks don’t like what they hear Read More »
LIMA – The Peruvian government presented its 2023 budget plan to Congress Friday, proposing a 9% increase from this year’s initial budget to 215 billion soles ($55.93 billion). According to the proposal, published on Congress’ website, the government estimates economic growth of 3.5% next year, as announced Thursday by the minister of economy and finance, …
Peru government proposes 9% budget increase for 2023 Read More »
By Ann Saphir JACKSON, Wyo. (Reuters) -Climate activists gathered Thursday outside the lodge hosting the annual Jackson Hole central banking conference in Wyoming to air their demands that the Federal Reserve do more to move the U.S. economy away from fossil fuels. Several dozen stood in a designated area to the side of the lodge …
Climate activists demand more Fed action at Jackson Hole conference Read More »
BRASILIA (Reuters) – Brazil posted a current account deficit of $3.5 billion in May, the worst result for the month in eight years, amid trade balance weakening, central bank figures showed on Friday. A strong commodities producer, Brazil has seen its exports grow, but imports have increased at a faster pace, driven by higher prices …
Brazil posts biggest current account deficit for May in eight years Read More »
(Reuters) – Global economic unease is growing and the closely watched monthly jobs report in the United States and inflation gauges in Europe will arrive in the coming week at a key juncture for markets and central banks. A look at manufacturing activity in China is also due, while the euro is threatening to push …
Take Five: Next up, it’s U.S. payrolls and euro zone inflation Read More »
By Howard Schneider and Ann Saphir JACKSON HOLE, Wyo. (Reuters) -Americans are headed for a painful period of slow economic growth and possibly rising joblessness as the Federal Reserve raises interest rates to fight high inflation, U.S. central bank chief Jerome Powell warned on Friday in his bluntest language yet about what is in store …
Powell sees pain ahead as Fed sticks to the fast lane to beat inflation Read More »
By Davide Barbuscia and Carolina Mandl NEW YORK (Reuters) – Investors are bracing for higher interest rates for longer and hunkering down with defensive portfolios which shun high equities risk, as U.S. Federal Reserve Chair Jerome Powell on Friday cautioned against expecting a swift undo of its rate tightening. Market participants had been awaiting Powell’s …
Analysis-Investors shun risk as Fed pushes higher-for-longer rates Read More »
By Alexandra Alper WASHINGTON (Reuters) – U.S. President Joe Biden’s decision to forgive a portion of student loan debt for many Americans is on a strong legal and fiscal footing, Bharat Ramamurti, director of the White House National Economic Council, said on Friday. Biden said on Wednesday he would forgive $20,000 in student loan debt …
White House says one-time loan forgiveness is on sound legal and fiscal footing Read More »
By Steven Bian and Clare Jim SHANGHAI/HONG KONG (Reuters) – Longfor Group said its 1.5 billion yuan ($219 million) bonds had been priced at a coupon rate of 3.3%, marking the first sale by a private Chinese homebuilder of notes fully guaranteed by the state to boost market sentiment amid a sector-wide cash crunch. Beijing …
China’s Longfor sets 3.3% coupon in 1st sale of state-backed bonds by private builder Read More »
A look at the day ahead in European and global markets from Alun John Did Fed Chair Jerome Powell watch Diego Maradona’s second goal against England in the 1986 Football World Cup quarter final? And can his speech later on Friday match the Argentinian superstar’s trick? Mervyn King, the former bank of England governor – …
Marketmind: Fed Chair Powell hoping to do a Maradona Read More »
