Morning Bid: Murky US inflation picture

Morning Bid: Murky US inflation picture

A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market takes a significant dip in New York, U.S., February 25, 2020. REUTERS/Lucas Jackson/File Photo Acquire Licensing Rights A look at the day ahead in U.S. and global markets from Mike Dolan If investors were wondering … Read more

New orders lift Saudi non-oil business activity growth to 4-month high-PMI

New orders lift Saudi non-oil business activity growth to 4-month high-PMI

DUBAI, Nov 5 (Reuters) – Growth in non-oil business activity in Saudi Arabia accelerated for a second consecutive month in October, a survey showed on Sunday, with new orders supporting an overall expansion in activity which led to a sharp rise in employment levels. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index rose … Read more

German business activity slump suggests recession ‘well underway’ -PMI

German business activity slump suggests recession ‘well underway’ -PMI

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

Morning Bid: Breaking point? | Reuters

Morning Bid: Breaking point? | Reuters

U.S. House Speaker Kevin McCarthy (R-CA) walks back to the Speaker’s office after a motion to vacate the chair of Speaker of the House and end McCarthy’s continued leadership passed by a vote of 216-210, at the U.S. Capitol in Washington, U.S. October 3, 2023. REUTERS/Jonathan Ernst Acquire Licensing Rights Oct 4 (Reuters) – A … Read more

Morning Bid: Shutdown, oil, auctions and China rankle

Morning Bid: Shutdown, oil, auctions and China rankle

The U.S. Capitol Building is seen in Washington, U.S., August 31, 2023. REUTERS/Kevin Wurm/File Photo Acquire Licensing Rights A look at the day ahead in U.S. and global markets by Mike Dolan After the worst week since March on Wall St, three issues keep the pressure – a possible U.S. government shutdown at the end … Read more

Dollar up as data highlights US economic resilience; yen slumps

Dollar up as data highlights US economic resilience; yen slumps

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights NEW YORK, Sept 22 (Reuters) – The U.S. dollar advanced against a basket of currencies on Friday as the latest batch of data on business activity from around the globe highlighted the … Read more

Dollar firmer on solid US data; China’s yuan tumbles to 16-year low

Dollar firmer on solid US data; China’s yuan tumbles to 16-year low

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights Dollar index hits six-month peak U.S. jobless claims come in better than expected U.S. productivity rises less than forecast China’s onshore yuan hits 16-year low NEW YORK, … Read more

Morning Bid: Transatlantic surprise gap opens up again

Morning Bid: Transatlantic surprise gap opens up again

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo Acquire Licensing Rights A look at the day ahead in U.S. and global markets from Mike Dolan The U.S. dollar is building another head of steam as doubts linger about whether the … Read more

India Logs 7.8% Growth Rate In First Quarter, CEA Says FinMin, RBI Comfortable With The Number

India Logs 7.8% Growth Rate In First Quarter, CEA Says FinMin, RBI Comfortable With The Number

Manufacturing PMI Rises To 58.6 In August: S&P Global India’s manufacturing Purchasing Managers’ Index (PMI), rose to 58.6 in August from 57.7 in July, said S&P Global on Thursday. “Rising from 57.7 in July to 58.6 in August, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) indicated the second-best improvement in the … Read more

Oil inches up after China moves to support flagging economy

Oil inches up after China moves to support flagging economy

China National Petroleum Corporation (CNPC)’s Dalian Petrochemical Corp refinery is seen near the downtown of Dalian in Liaoning province, China July 17, 2018. Picture taken July 17, 2018. REUTERS/Chen Aizhu/File Photo Acquire Licensing Rights SINGAPORE, Aug 28 (Reuters) – Oil prices ticked higher on Monday after China took steps to support its flagging economy, though … Read more