TORONTO (Reuters) -Canadian economic activity barely expanded in August as employment declined and prices cooled, Ivey Purchasing Managers Index (PMI) data showed on Friday. The seasonally adjusted index fell to 50.1 last month from 55.8 in July, posting its lowest level since May. The Ivey PMI measures the month-to-month variation in economic activity as indicated …
Canada’s Ivey PMI falls to three-month low in August Read More »
TORONTO (Reuters) -Canada’s economy lost 65,500 jobs in August and the jobless rate fell to 7.1%, a nine-year high outside the pandemic years, Statistics Canada data showed on Friday. Market reaction: [CAD/] Link: COMMENTARY ANDREW KELVIN, HEAD OF CANADIAN AND GLOBAL RATES STRATEGY, TD SECURITIES “It’s a very poor number, there’s no sugar coating it. …
(Reuters) -U.S. equity funds attracted the largest net investment in three weeks in the week through September 3 driven by expectations for a potential Federal Reserve rate cut this month. A favorable antitrust ruling for technology conglomerate Alphabet also boosted appetite for the tech sector. Investors bought a net $2.42 billion worth of U.S. equity …
US equity funds draw largest weekly inflow in three weeks Read More »
OTTAWA, Sept 5 (Reuters) – Canada’s economy lost a net 65,500 jobs in July, largely in part-time work, and the jobless rate rose to 7.1%, Statistics Canada data showed on Friday. Employment in the goods producing sector grew by a net 1,700 jobs, largely in construction. The services sector was down by a net 67,200 …
Canada loses net 65,500 jobs in August, jobless rate rises to 7.1% Read More »
By Maria Martinez (Reuters) -German industrial orders unexpectedly fell for the third straight month in July, dragged down by a drop in orders for big-ticket items such as aircraft, ships and trains, data showed on Friday. Industrial orders sank 2.9% on the previous month on a seasonally and calendar-adjusted basis, the Federal Statistics Office said. …
German industrial orders drop again in July as some large-scale orders tumble Read More »
PARIS (Reuters) -World food prices hovered around their highest level in more than two years in August, as costlier meat, sugar and vegetable oil offset cheaper cereals and dairy products, the United Nations’ Food and Agriculture Organization said on Friday. The FAO Food Price Index, which measures changes in the price of a basket of …
World food prices at more than two-year high, FAO says Read More »
By Satoshi Sugiyama TOKYO (Reuters) -Japanese real wages turned positive for the first time in seven months in July on the back of hefty summertime bonuses, while consumer spending rose for the third straight month, data showed on Friday. Although the July headline figures were upbeat, government officials and analysts said elevated inflation put pressure …
Japan’s real wages, consumer spending climb but inflation challenges persist Read More »
NEW YORK (Reuters) -Goldman Sachs lowered its expected rate cut from next week’s Turkish central bank meeting to 200 basis points, from the previous 350 bps, citing recent data showing both strong economic growth and hotter-than-expected inflation. “With Q2 GDP growth far surpassing expectations— despite weaker domestic demand—and August inflation coming in higher than forecast, …
Goldman lowers Turkish rate cut expectations, citing inflation, strong GDP Read More »
By Steven Scheer JERUSALEM (Reuters) -Israeli Finance Minister Bezalel Smotrich said on Thursday he would lower taxes if the central bank did not begin to reduce interest rates. Speaking at a meeting with the presidency of the business sector, Smotrich said he sought to “reduce the pressure on the economy”, which has been hurt by …
Israeli Finance Minister says he will cut taxes if the central bank does not lower rates Read More »
By Promit Mukherjee OTTAWA (Reuters) -Canada’s trade deficit narrowed in July as overall exports rose, especially driven by outbound shipments of crude oil and passenger cars to its biggest trading partner the United States, Statistics Canada said on Thursday. Its merchandise trade deficit, or deficit from trading in goods, in July was at C$4.94 billion …
Canada’s trade deficit in July narrows as exports to the US rise Read More »
