China’s factory, services surveys suggest economy struggling to rebound

China’s factory, services surveys suggest economy struggling to rebound

China Sept official manufacturing PMI above forecast Private survey shows factory activity contracted sharply Services sector activity growth slowed in Sept – official survey COVID curbs, softening foreign demand, property weakness weigh BEIJING, Sept 30 (Reuters) – China’s factory activity eked out growth in September, but a slowdown in services sector growth and a downbeat … Read more

Oil prices drop; stocks gain as Treasury yields ease

Oil prices drop; stocks gain as Treasury yields ease

Register now for FREE unlimited access to Reuters.com Register U.S. stocks higher in early trading Oil prices sink Benchmark Treasury yields ease NEW YORK, Sept 7 (Reuters) – Oil prices fell sharply on Wednesday amid demand worries, while Wall Street stocks edged higher after recent losses. Brent crude futures touched their lowest since early February. … Read more

China’s trade falters as demand wanes at home and abroad

China’s trade falters as demand wanes at home and abroad

An aerial view shows containers and cargo vessels at the Qingdao port in Shandong province, China May 9, 2022. Picture taken with a drone. China Daily via REUTERS Register now for FREE unlimited access to Reuters.com Register China’s export growth in single digits, misses forecast Imports lag, reflecting weak demand Trade balance narrows from July’s … Read more

EXCLUSIVE EU, U.S. step up Russian aluminium, nickel imports since Ukraine war

EXCLUSIVE EU, U.S. step up Russian aluminium, nickel imports since Ukraine war

Aluminium blocks are seen in Wagner Automotiv industry in Gradacac, Bosnia and Herzegovina February 8, 2022. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register EU, U.S. largely spared Russian metals sector from sanctions EU lifts Russian aluminium imports by 13% in March-June U.S. shipments of Russian nickel soar 70% in March-June … Read more

Wall Street in the red as Fed worries persist

Wall Street in the red as Fed worries persist

A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 8, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register ISM services sector data beats estimates Bed Bath & Beyond shares sink after CFO’s death Wall St coming off three straight … Read more

Europe heading for recession as cost of living crisis deepens

Europe heading for recession as cost of living crisis deepens

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 5 (Reuters) – The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening cost of living crisis and a gloomy outlook that is keeping consumers wary of spending. While there was some easing of price pressures, according to … Read more

London stocks fall 1% on weak global growth outlook

London stocks fall 1% on weak global growth outlook

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo Register now for FREE unlimited access to Reuters.com Register Reckitt Benckiser falls as CEO Narasimhan steps down August manufacturing PMI data due at 0830 GMT FTSE 100 down 1.0%, FTSE 250 off 1.3% Sept 1 … Read more

Dollar, yields slip as U.S. data suggests less hawkish Fed

Dollar, yields slip as U.S. data suggests less hawkish Fed

U.S. new home sales dive to 6-1/2-year low PMI data compounds expectations of European recession Investors mull how hawkish will Fed be at Jackson Hole Oil bounces as Saudis talk of cutting output NEW YORK/LONDON, Aug 23 (Reuters) – The dollar weakened and Treasury yields eased on Tuesday as data showing a plunge in the … Read more

U.S. housing starts near 1-1/2-year low; factory output rebounds

U.S. housing starts near 1-1/2-year low; factory output rebounds

Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – U.S. homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the … Read more

Asia shares mixed, China cuts rates as data disappoints

Asia shares mixed, China cuts rates as data disappoints

FILE PHOTO – People pass by an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei edges up, S&P 500 futures dip PBOC cuts key rates, China data badly miss forecasts Eyes on … Read more