REP

US housing starts surge in boost to economy

by
US housing starts surge in boost to economy

Single-family housing starts increase 6.7% in July Single-family building permits rise 0.6% Overall housing starts climb 3.9%; permits gain 0.1% Manufacturing production increases 0.5% WASHINGTON, Aug 16 (Reuters) – U.S. single-family homebuilding surged in July and permits for future construction rose amid an acute shortage of previously owned houses, but mortgage rates climbing back to … Read more

AMERICAS Bonds calm down but Chinese markets smolder

by
AMERICAS Bonds calm down but Chinese markets smolder

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File Photo Acquire Licensing Rights A look at the day ahead in U.S. and global markets from Mike Dolan Restive bonds showed signs of calm on Wednesday, but … Read more

Wall St falls as retail sales data fans rate fears, big banks drop

by
Wall St falls as retail sales data fans rate fears, big banks drop

[1/2]Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights July retail sales rise more than expected Nvidia gains as UBS, Wells Fargo raise PT U.S. big banks fall as a report warns of downgrades Indexes down: Dow 0.73%, … Read more

Asia stocks stall, yuan slips as China cuts rates

by
Asia stocks stall, yuan slips as China cuts rates

A woman walks past a man examining an electronic board showing Japan’s Nikkei average and stock quotations outside a brokerage, in Tokyo, Japan, March 20, 2023. REUTERS/Androniki Christodoulou/File Photo China cuts short-term rates Japan GDP beats expectations, Nikkei jumps MSCI Asia ex-Japan index falls 0.2% SYDNEY, Aug 15 (Reuters) – Asian stockmarkets were pinned near one-month … Read more

S&P 500, Nasdaq fall as megacaps slide after producer prices data

by
S&P 500, Nasdaq fall as megacaps slide after producer prices data

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 12, 2023. REUTERS/Brendan McDermid//File Photo News Corp up as quarterly profit tops estimates US-listed China stocks fall as stimulus measures disappoint US consumer sentiment dips in August July annual PPI 0.8% vs estimates of 0.7% Indexes mixed … Read more

Wall Street closes near flat as Treasury yields surge

by
Wall Street closes near flat as Treasury yields surge

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) Amazon surges in extended trade after results Gloomy Spirit, Expedia results drag travel stocks lower PayPal drops after weak Q2 margins Qualcomm tumbles on signaling more pain from smartphone slump Aug 3 (Reuters) – U.S. … Read more

Wall Street ends down, investors step back after Fitch US rating cut

by
Wall Street ends down, investors step back after Fitch US rating cut

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2023. REUTERS/Brendan McDermid/File Photo Fitch cuts US credit rating to AA+ Wells Fargo slides on plan to help refill FDIC coffers U.S. private payrolls beat expectations in July, ADP says Indexes down: Dow 0.98%, S&P 1.38%, … Read more

Asia stocks near 16-month peak on economic optimism, Aussie eases before RBA

by
Asia stocks near 16-month peak on economic optimism, Aussie eases before RBA

TOKYO, Aug 1 (Reuters) – Asian stocks edged toward a sixteen-month peak on Tuesday and oil held near recent highs as investors began to find more cause for cheer over global economic prospects than reasons to worry, even as data showed risks remain. The dollar hit a three-week high against the yen as investors continued … Read more

Endgame for Fed’s tightening cycle challenged by easing financial conditions

by
Endgame for Fed’s tightening cycle challenged by easing financial conditions

July 28 (Reuters) – (This July 28 story has been refiled to remove the garbling in paragraph 2) Less tight financial conditions as exhibited by the red-hot stock market may increase the chances that the Federal Reserve hikes rates again before the end of the year, some economists reckon, even as financial markets put little … Read more

Morning Bid: Bank of Japan excites, Dow unlucky, Intel jumps

by
Morning Bid: Bank of Japan excites, Dow unlucky, Intel jumps

A look at the day ahead in U.S. and global markets from Mike Dolan The Bank of Japan added its own twist to a week of rising central bank interest rates on Friday, and it proved an unlucky 13 for Dow Jones bluechips (.DJI) on Wall St. The BOJ’s long-awaited tweak of its ultra-easy bond-buying … Read more