By Yoruk Bahceli (Reuters) – Bond investors could be in luck for the rest of 2023 if market indicators signalling central banks will take policy tightening too far and tip their economies into recession prove accurate. Headline inflation has eased but underlying pressures remain high, keeping central banks hawkish. Canada resumed tightening and Britain and…
By Shaloo Shrivastava BENGALURU (Reuters) – India’s manufacturing industry expanded at the second-fastest rate this year in June, albeit at a slightly slower pace than in May, supported by robust demand despite higher inflationary pressures, a private survey showed on Monday. The Manufacturing Purchasing Managers’ Index, compiled by S&P Global, was 57.8 in June, down…
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. The big question for the day is how will investors greet Tesla’s announcement on Sunday that it delivered a record 466,000 vehicles in the second quarter, topping market estimates of around 445,000. The outperformance may have been due to…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand Prime Minister Chris Hipkins trod a careful line on his first trip to China last week as leader, focusing on trade and economic opportunities but avoiding contentious issues such as human rights abuses in Xinjiang or security concerns. Barely three months out from what looks likely to…
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Japanese business sentiment improved in the second quarter as raw material costs peaked and removal of pandemic curbs lifted consumption, a central bank survey showed, a sign the economy was on course for a steady recovery. Companies expect to increase capital expenditure and project inflation to stay…
By Benoit Van Overstraeten and Elizabeth Pineau PARIS (Reuters) -The grandmother of the teenager shot dead by police during a traffic stop in a Paris suburb said on Sunday she wanted the nationwide rioting triggered by his killing to end, as France braced for a potential sixth night of unrest. Some 45,000 police were deployed…
(Reuters) – DirecTV removed TV station owner Nexstar Media Group’s network and local community programming from its satellite, cable and streaming systems as they failed to reach a new distribution agreement, the companies said on Sunday. Nexstar, the largest local TV station owner in the U.S., said in a statement that satellite provider DirecTV rejected…
TOKYO (Reuters) – Japan’s factory activity contracted in June after expanding for the first time in 7 months in May, a private survey showed on Monday, dragged down by weak orders for cyclical goods amid a global economic slowdown. The final au Jibun Bank Japan manufacturing purchasing managers’ index was at 49.8, returning below the…
SEOUL (Reuters) – South Korea’s factory activity shrank at a steeper pace in June and extended its downturn to a record 12th consecutive month, a survey showed on Monday, underlining the challenges facing the economy as it struggles to mount solid recovery. The survey result comes in stark contrast to other brighter signs of recoveries…
By Devayani Sathyan BENGALURU (Reuters) -The Reserve Bank of Australia will likely raise its interest rate by 25 basis points to 4.35% on Tuesday to tame stubbornly high inflation, although a Reuters poll of economists showed the decision to hike or hold was on a knife’s edge. While the latest monthly measure of consumer prices…
