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

Dollar soars to two-decade high as Putin shakes FX market ahead of Fed

Dollar soars to two-decade high as Putin shakes FX market ahead of Fed

Register now for FREE unlimited access to Reuters.com Register Dollar index at two-decade high Euro slides back toward two-decade lows Putin announces partial troop mobilization for Ukraine Markets gauging Fed hawkishness in Powell briefing LONDON/NEW YORK, Sept 21 (Reuters) – The dollar surged to a new two-decade high on Wednesday just ahead of another expected … Read more

Fed set for big rate hike as waters get choppy for world’s central banks

Fed set for big rate hike as waters get choppy for world’s central banks

Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo Register now for FREE unlimited access to Reuters.com Register Markets expect Fed to raise rates by 75 basis points Policy statement, projections due at 2 p.m. EDT (1800 GMT) Fed’s Powell to hold news conference WASHINGTON, Sept … Read more

Wall Street falls as Fed focus, Ford forecasts, frighten investors

Wall Street falls as Fed focus, Ford forecasts, frighten investors

Register now for FREE unlimited access to Reuters.com Register All eyes on Fed policy decision on Wednesday Ford sees additional $1 bln in inflationary costs, shares fall Nike slips after Barclays downgrade on China lockdown concerns Indexes down: Dow 1.73%, S&P 1.8%, Nasdaq 1.58% Sept 20 (Reuters) – Wall Street fell on Tuesday as traders, … Read more

Wall Street flat but trading choppy ahead of Fed rate meet

Wall Street flat but trading choppy ahead of Fed rate meet

Register now for FREE unlimited access to Reuters.com Register All eyes on Fed policy decision on Wednesday Traders price in small chance of 100 bps rate hike Take Two’s GTA VI gameplay footage leaked online Indexes all down 0.05%-0.06% Sept 19 (Reuters) – Wall Street’s main indexes were flat in the early afternoon on Monday … Read more

Stocks tense, dollar bullish for central bank binge

Stocks tense, dollar bullish for central bank binge

Passersby wearing protective face masks walk past a stock quotation board in Tokyo, Japan February 24, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 S&P 500 futures slip, Nikkei futures down Fed leads pack of central bank meetings Market leaning toward 75 bp from Fed, PBOC eases Dollar firm near … Read more

Frugal is the new cool for young Chinese as economy falters

Frugal is the new cool for young Chinese as economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands. Instead, the 39-year old Shanghai marketing consultant is one of many Chinese in their 20s and 30s cutting spending and saving cash where … Read more

European stocks extend losses as slowdown warnings weigh

European stocks extend losses as slowdown warnings weigh

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 16 (Reuters) – European stocks dipped on Friday and Europe’s benchmark German 10-year bond yield hit its highest since mid-June as investors braced for a U.S. rate hike while warnings from the World Bank and the International Monetary Fund fanned fears of a slowdown. … Read more

U.S. stocks slip while yields rise, Fed in focus

U.S. stocks slip while yields rise, Fed in focus

Register now for FREE unlimited access to Reuters.com Register Fed looms over broader markets, dollar rises Oil tumbles on demand concerns, U.S. rail strike averted Treasury yields climb while oil gold tumbles NEW YORK, Sept 15 (Reuters) – Wall Street indexes were firmly in the red after a choppy start to Thursday’s session while bond … Read more

Stubbornly high rents, food prices boost U.S. inflation in August

Stubbornly high rents, food prices boost U.S. inflation in August

Consumer price index rises 0.1% in August Rents, food and healthcare account for increase in CPI Core CPI surges 0.6%; increases 6.3% year-on-year WASHINGTON, Sept 13 (Reuters) – U.S. consumer prices unexpectedly rose in August and underlying inflation accelerated amid rising costs for rents and healthcare, giving the Federal Reserve ammunition to deliver a third … Read more