(Reuters) – European shares retreated for a third straight session on Wednesday as anxiety about elevated inflation and its potential impact on upcoming earnings season dampened risk appetite. The pan-European STOXX 600 index fell 0.2%, with retail and technology stocks offsetting gains in miners. Wall Street reversed early gains to end lower on Tuesday after …
Inflation angst sends European stocks lower for third day Read More »
BEIJING (Reuters) -China’s imports unexpectedly fell in March as COVID-19 curbs across large parts of the country hampered freight arrivals and weakened domestic demand, while export growth slowed, prompting analysts to expect a worsening in trade in the second quarter. The softer trade figures are likely to reinforce expectations of more policy support from Beijing, …
China’s imports unexpectedly fall on domestic COVID curbs Read More »
By Howard Schneider WASHINGTON (Reuters) – U.S. consumer inflation hit another four-decade high in March when it reached 8.5% in large part on gasoline prices surging to a record, but the data sported enough soft spots for some Wall Street pundits to declare “peak inflation” was at hand. The Federal Reserve certainly hopes it is. …
Broad inflation little relief for Fed, but peak may be near Read More »
By Lindsay Dunsmuir and Ann Saphir (Reuters) -The Federal Reserve will conduct a series of interest rate hikes and begin reducing its massive bond holdings as soon as June to help bring down inflation that hit a fresh 40-year-high in March, Fed Governor Lael Brainard said on Tuesday. Getting inflation back down toward the Fed’s …
Fed’s Brainard: rate hikes, balance sheet trim to bring down inflation Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. monthly consumer prices increased by the most in 16-1/2 years in March as Russia’s war against Ukraine boosted the cost of gasoline to record highs, cementing the case for a 50 basis points interest rate hike from the Federal Reserve next month. The acceleration in prices reported by …
U.S. consumer prices surge on gasoline; inflation likely peaked Read More »
DUBAI (Reuters) – Shares in Dubai Electricity and Water Authority (DEWA) surged about 20% on their market debut on Tuesday after its $6.1 billion initial public offering (IPO), the region’s biggest since Saudi Aramco. The utility’s shares rose to 2.98 dirhams ($0.8114) in early trade, up from the IPO price of 2.48 dirhams per share. …
By Jihoon Lee and Yena Park SEOUL (Reuters) -South Korea’s finance minister will lobby for the country to be included in the Morgan Stanley Capital International (MSCI) developed market index when he meets the index provider next week, he said on Tuesday. “Inclusion in the developed market index is necessary and already overdue,” Hong Nam-ki …
S.Korea to lobby for inclusion in MSCI developed market index Read More »
By Andrea Shalal WASHINGTON (Reuters) – Sharply higher global food and energy prices due to the war in Ukraine are hitting poor countries, and better mechanisms for dealing with sovereign debt stress will be needed to stave off defaults, the IMF said on Monday. “The war in Ukraine is adding risks to unprecedented levels of …
New mechanisms needed for debt stress as poor countries hit by surging prices -IMF Read More »
By Ann Saphir (Reuters) – There are early signs of a cooldown in some of the hottest corners of the U.S. housing market, Redfin said in a report on Friday, a fresh indication that high house prices and rising mortgage rates are cutting into homebuyer demand. Among those early tells, according to Redfin: Google searches …
Early signs of cooling housing market seen in some U.S. cities, Redfin says Read More »
By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) -Investors moved a step closer on Monday to a potential payout of billions of dollars in default insurance on debt issued by the Russian government and its entities as the country is on the brink of its first external default in over a century. The EMEA …
Credit committee asked about Russia gov’t bonds after railways ruling Read More »
