Wall St down for fourth straight day on Fed rate hike worry

Wall St down for fourth straight day on Fed rate hike worry

U.S. initial weekly jobless claims fall Services industry growth slows Qualcomm, Roku slump on weak forecasts Dow down 0.46%, S&P 500 down 1.06%, Nasdaq down 1.73% NEW YORK, Nov 3 (Reuters) – U.S. stocks closed lower for a fourth consecutive session on Thursday as economic data did little to alter expectations the Federal Reserve would … Read more

European stocks up as investors see signs Fed could slow rate rises

European stocks up as investors see signs Fed could slow rate rises

LONDON, Oct 25 (Reuters) – European stocks rose in early trading on Tuesday, as investors took confidence from signs that the U.S. Federal Reserve could slow down its rate increases, although concern about China’s economy still weighed on Asian markets. Asian equities struggled to make gains due to uncertainty over whether Xi Jinping’s new leadership … Read more

Wall Street closes with sharp gains as final quarter begins

Wall Street closes with sharp gains as final quarter begins

U.S. factory activity slowest in ~2.5 years in Sept -ISM Credit Suisse, Citi cut 2022 year-end target for S&P 500 Dow, S&P 500, Nasdaq up Oct 3 (Reuters) – Wall Street stocks ended with sharp gains on Monday at the start of the final quarter of a tumultuous year with interest rate hikes amid historically … Read more

Pound jumps on UK tax cut reversal, oil swings higher

Pound jumps on UK tax cut reversal, oil swings higher

TOKYO, Oct 3 (Reuters) – Oil jumped on Monday as OPEC+ considered reducing output at its meeting later this week while the pound swung higher after the UK government said it would reverse a controversial tax cut that had roiled British markets. Asian stocks mostly fell in holiday-thinned trade although Japanese markets found support on … Read more

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

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

China’s factory inflation hits 17-month low, consumer prices speed up

China’s factory inflation hits 17-month low, consumer prices speed up

A worker walks past steel rolls at the Chongqing Iron and Steel plant in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj/File Photo Register now for FREE unlimited access to Reuters.com Register July producer inflation at lowest since Feb 2021 July consumer inflation at 2-year high PBOC seen staying accommodative to spur growth BEIJING, Aug … Read more