(Corrects typographical error in headline.) A look at the day ahead in European and global markets from Anshuman Daga. While Asian stocks managed to make modest gains on Thursday, there is a heavy air of caution among investors ahead of what may prove a pivotal central bank gathering. Markets are bracing for the U.S. central …
Marketmind: Cautious undertone, waiting for Jackson Hole Read More »
By Howard Schneider JACKSON, Wyo. (Reuters) – On paper, T.J. Semanchin’s Wonderstate Coffee business seems more productive than ever, with fewer workers generating higher sales at the company’s three cafes and wholesale roastery in Wisconsin. Under the hood, however, the cafe business is about 25% short-staffed amid a tight labor market, and employees are stressed. …
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever An interest rate decision in South Korea grabs the spotlight in Asia on Thursday, as wider market sentiment continues to be clouded by rising U.S. bond yields, a buoyant dollar and deepening concern over China’s economy. South Korean won vs US …
Marketmind: U.S. bond yields, dollar turn the screw on Asia Read More »
MANILA (Reuters) – The pandemic has set back the fight against poverty in the Asia-Pacific region by at least two years, and many nations will find it harder to escape poverty, the Asian Development Bank (ADB) said on Wednesday. Had the pandemic not happened, the proportion of people in the region facing extreme poverty – …
Pandemic sets back Asia-Pacific’s poverty fight by 2 years – ADB Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Investors are bracing for the Federal Reserve to double down on its commitment to crushing inflation, and expect its chair Jerome Powell at the annual central bank gathering in Wyoming this week to deliver an aggressive tightening message and dash hopes for a rate cut next year. The …
Investors see no Fed pivot, brace for hawkish Powell message in Jackson Hole Read More »
By Noel Randewich and Bansari Mayur Kamdar (Reuters) – Wall Street ended down on Tuesday as investors focused on data showing a slowing economy ahead of a U.S. Federal Reserve gathering later this week in Jackson Hole, Wyoming. The S&P 500 dipped after data showed private-sector business activity in the United States contracted for a …
Wall Street ends down as investors eye slowing economy Read More »
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Expect another jittery session for Asian markets on Wednesday, after Wall Street struggled to shake off its sluggish start to the week and purchasing managers index data showed that the global economy is coming under mounting strain. Compounding the pain, any …
MEXICO CITY (Reuters) -Mexico’s mining industry plans to invest $5.5 billion in 2022, up 15.2% from 2021, the Mining Chamber of Mexico (Camimex) said on Tuesday, but will remain below the record figure of $8.04 billion seen in 2012 amid challenging conditions. Growing security problems, a high tax burden and the government’s decision to stop …
Mexican mining industry expects investments to rise 15% in 2022 Read More »
By Balazs Koranyi FRANKFURT (Reuters) – It was meant to be Europe’s stellar year. A post-pandemic spending euphoria, supported by copious government spending was set to drive the economy and help fatigued households regain a sense of normality after two dreadful years. But all that changed on Feb. 24 with Russia’s invasion of Ukraine. Normality …
Analysis: As Ukraine war drags on, Europe’s economy succumbs to crisis Read More »
By Rachel Savage and Catarina Demony LONDON/LUANDA (Reuters) -Angolans will vote on Wednesday for a new president and parliament in what looks set to be the closest election in Africa’s second-biggest oil producer since the country won independence from Portugal in 1975. WHO ARE THE MAIN PLAYERS? President João Lourenço of the governing MPLA, who …
Explainer-What is at stake for investors in Angola’s elections? Read More »
