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(Reuters) -Australia’s “Big Four” banks raised their home loan variable interest rates on Thursday, after the country’s central bank hiked rates earlier this week. Commonwealth Bank of Australia, Australia and New Zealand Banking Group, National Australia Bank and Westpac Banking Corp increased their mortgage rates to match the hike announced by the central bank https://www.reuters.com/markets/rates-bonds/australias-central-bank-raises-rates-50bp-185-2022-08-02. …

Australia’s “Big Four” banks raise mortgage rates after RBA hike Read More »

BERLIN (Reuters) – German industrial orders posted a smaller-than-expected month-on-month drop in June, data showed on Thursday. Orders for industrial goods fell by 0.4% on the month in seasonally adjusted terms, figures from the Federal Statistical Office showed. In a Reuters poll, analysts had predicted a 0.8% decline in June. Orders also fell in May, …

German industrial orders slump less than expected Read More »

(Adds chart) A look at the day ahead in markets from Alun John Will the Bank of England make history today by raising rates by 50 basis points? Probably. Will markets react much to this? Probably not. Over 70% of the 65 respondents to a Reuters poll expect the half-point increase, which is all but …

Marketmind: History and fifty club beckon BOE Read More »

By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Overseas investors turned net sellers of Chinese stocks in July, as mainland stock prices tumbled on concerns that COVID-19 flare-ups and ensuing lockdowns would further disrupt economic activity. Refinitiv data showed foreigners sold a net 21.07 billion yuan ($3.12 billion) worth of mainland shares in July via …

Foreigners turn sellers of Chinese shares in July on COVID worries Read More »

TORONTO (Reuters) – Canada’s main stock index rose on Wednesday, helped by gains for technology and financial shares after encouraging U.S. economic data, but the advance was limited as a drop in oil prices weighed on energy shares. The Toronto Stock Exchange’s S&P/TSX composite index ended up 40.61 points, or 0.2%, at 19,545.94, clawing back …

TSX gains as U.S. economic data bolsters tech shares Read More »

By Laila Kearney and Stephanie Kelly NEW YORK (Reuters) – The shrinking discount of U.S. crude to Brent and rising Canadian oil imports this month will send more barrels to the top U.S. oil storage hub, continuing a recent supply build, oil dealers and traders said. Rising storage levels at Cushing, Oklahoma, the delivery point …

Shrinking U.S. exports likely to build oil stocks at Cushing storage hub Read More »

By Noel Randewich (Reuters) – Wall Street ended sharply higher on Wednesday, with strong profit forecasts from PayPal and CVS Health Corp lifting sentiment and helping elevate the Nasdaq to its highest level since early May. Data showed the U.S. services industry unexpectedly picked up in July amid strong order growth, while supply bottlenecks and …

Nasdaq ends at three-month high as PayPal fuels optimism Read More »

By Lindsay Dunsmuir and Dan Burns (Reuters) -Federal Reserve officials voiced their determination again on Wednesday to rein in high inflation, although one noted a half-percentage-point hike in the U.S. central bank’s key interest rate next month might be enough to march toward that goal. “I start from the idea that 50 (basis points) would …

Fed officials beat inflation drum; 50-basis-point rate hike ‘reasonable’ next month Read More »

(Reuters) – Minneapolis Federal Reserve President Neel Kashkari said on Wednesday the possibility that the U.S. central bank will pivot to cutting interest rates next year is extremely unlikely. “Some financial markets are indicating they expect us to cut interest rates next year,” Kashkari said at an event held as part of a financial regulation …

Very unlikely Fed will cut interest rates next year – Kashkari Read More »