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LONDON, Nov 22 (Reuters) – Britain’s finance minister on Wednesday announced a raft of measures aimed at reviving the sluggish economy without upsetting markets, but a degree of caution over the outlook for borrowing and inflation rattled bonds and sterling. Nerves about cuts to social security payments were minor. Traders had feared a broader set … Read more
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WASHINGTON, Nov 21 (Reuters) – U.S. Federal Reserve officials agreed at their last policy meeting that they would proceed “carefully” and only raise interest rates if progress in controlling inflation faltered, the minutes of the Oct. 31-Nov. 1 gathering showed on Tuesday. “All participants agreed that the Committee was in a position to proceed carefully,” … Read more
BENGALURU, Nov 8 (Reuters) – The dollar’s recent weakness will linger for the rest of the year, according to a majority of FX strategists in a Reuters poll, who also said economic data will be the primary influencer of major currencies for the rest of 2023. A stronger-than-expected U.S. economy and rising Treasury yields as … Read more
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Nonfarm payrolls increase 150,000 in October Auto strikes reduce payrolls by 33,000 jobs Unemployment rate rises to 3.9% from 3.8% Average hourly earnings gain 0.2%; up 4.1% year-on-year WASHINGTON, Nov 3 (Reuters) – U.S. job growth slowed in October in part as strikes by the United Auto Workers (UAW) union against Detroit’s “Big Three” car … Read more
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A steel worker in heat protection gear is silhouetted against the fire of a furnace at the steel plant of ThyssenKrupp in Duisburg, Germany, July 26, 2023. REUTERS/Wolfgang Rattay//File Photo Acquire Licensing Rights BERLIN, Oct 24 (Reuters) – Business activity in Germany contracted for a fourth straight month in October as manufacturing’s downturn was matched … Read more
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[1/2]A man checks an apple while shopping at a grocery store in Toronto, Ontario, Canada November 22, 2022. REUTERS/Carlos Osorio/File Photo Acquire Licensing Rights OTTAWA, Oct 17 (Reuters) – Canada’s annual inflation rate unexpectedly slowed to 3.8% in September and underlying core measures also eased, data showed on Tuesday, prompting markets and analysts to trim … Read more
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Container ships are shown at the Port of Los Angeles from San Pedro, California, U.S., June 23, 2023. REUTERS/Mike Blake Acquire Licensing Rights WASHINGTON, Sept 28 (Reuters) – The U.S. economy maintained a fairly strong pace of growth in the second quarter, the government confirmed on Thursday, and appears to have gathered momentum this quarter … Read more
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A steel worker of ThyssenKrupp walks in front of a blast furnace at a ThyssenKrupp steel factory in Duisburg, western Germany, November 14, 2022. REUTERS/Wolfgang Rattay/File Photo Acquire Licensing Rights BERLIN, Sept 25 (Reuters) – German business morale deteriorated slightly in September, falling for the fifth month in a row, a survey showed on Monday. … Read more
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A money changer counts U.S. dollar banknotes at a currency exchange office in Ankara, Turkey October 12, 2021. REUTERS/Cagla Gurdogan Acquire Licensing Rights BENGALURU, Sept 7 (Reuters) – The dollar’s strength will be difficult to overcome for most major currencies by year-end, according to a Reuters poll of forex strategists who said the risks to … Read more
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Nonfarm payrolls increase 187,000 in August Unemployment rate rises to 3.8% from 3.5% in July Average hourly earnings gain 0.2%; up 4.3% year-on-year WASHINGTON, Sept 1 (Reuters) – U.S. job growth picked up in August, but the unemployment rate jumped to 3.8% and wage gains moderated, suggesting that labor market conditions were easing and cementing … Read more