By Canan Sevgili and Mirac Dereli (Reuters) -Turkey’s financial markets are bracing for a court ruling on Monday that could oust the leader of the main opposition party following months of political turmoil that has roiled Turkish stocks, bonds and the lira. Monday’s ruling is the latest chapter in a legal crackdown on the main …
After months of political drama, Turkish markets brace for next big test Read More »
JAKARTA (Reuters) – Indonesia’s state-controlled banks must use 200 trillion rupiah ($12.2 billion) in new government funding for lending, and not to buy bonds, Finance Minister Purbaya Yudhi Sadewa said on Friday, as the government takes steps to boost credit growth. The liquidity injection for state banks is the minister’s first major move since he …
Indonesia says banks must use government liquidity boost for lending Read More »
(Reuters) -The moment investors – and at least one occupant of the White House – have been waiting for is almost here. The Federal Reserve is one of a number of major central banks that meets in the coming week to set monetary policy, and its decision could set the tone for markets for the …
BEIJING (Reuters) – China’s fiscal policy has ample room, the government’s debt ratio remains “reasonable” and risks are controllable, finance minister Lan Foan said on Friday, pledging a more flexible fiscal push to shore up the economic growth. The world’s second-largest economy has been hobbled by persistently weak domestic demand, a multi-year property crisis and …
China says fiscal support will remain flexible, debt ratio stays reasonable Read More »
(Reuters) – UBS raised its gold price forecast on Friday by $300 to $3,800 per ounce by the end of 2025, and by $200 to $3,900 by mid-2026, citing anticipated Federal Reserve easing and U.S. dollar weakness linked to rate cuts and geopolitical risks. The Swiss bank also revised its estimate for gold exchange-traded fund …
UBS gold price target raised to $3,800/oz by end-2025 Read More »
PARIS (Reuters) -ECB policymaker Francois Villeroy de Galhau said on Friday he could not rule out further monetary policy easing in the coming meetings of the European Central Bank. “There is no predetermined path but another rate cut is entirely possible at the coming meetings,” Villeroy de Galhau told BFM Business. The European Central Bank …
ECB’s Villeroy is not ruling out a further rate cut Read More »
BERLIN (Reuters) -German inflation rose to 2.1% in August, the federal statistics office said on Friday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, had risen by 1.8% year-on-year in July. (Reporting by Thomas Seythal, Writing by Miranda Murray, Editing by Friederike Heine)
(Reuters) -A look at the day ahead in European and global markets from Wayne Cole. Well, that was a relief. U.S. CPI was on the firmer side but not so much that you’d notice. Some of the prices that feed into core PCE were surprisingly benign, leading analysts to trim their forecasts to +0.2% m/m …
Morning Bid: Markets to Fed: We’ll take five to go, please Read More »
By David Lawder WASHINGTON (Reuters) – The U.S. budget deficit for August fell $35 billion or 9% from a year earlier to $345 billion as President Donald Trump’s tariffs pushed net customs receipts up by about $22.5 billion for the month, the Treasury Department said on Thursday. With one month to go in the 2025 …
US August deficit falls to $345 billion as tariff revenues rise Read More »
PARIS (Reuters) -France’s economy will grow marginally faster than previously expected this year as rebounds in the aeronautics industry, tourism, real estate and agriculture offset weak consumer spending and business investment, the national statistics agency forecast on Thursday. INSEE’s outlook offers some rare good news for the euro zone’s second-biggest economy, where the re-emergence of …
French economy to grow 0.8% in 2025 as key sectors rebound, INSEE says Read More »
