By Yoruk Bahceli (Reuters) – As markets navigate a likely end to the steepest interest rate rises in decades, investors say the Bank of England has been less consistent in its messaging than other major central banks, making positioning in UK assets a particular challenge. Traders, who bet the BoE was nearly done in May,…
By Libby George and Jorgelina do Rosario LONDON (Reuters) -Investors have piled back into bonds in Pakistan and Argentina following cash infusions and optimism over multilateral support, but the two nations have secured only enough help to limp to autumn elections, experts said. The rally in international bonds issued by the two countries has intensified…
A look at the day ahead in European and global markets from Wayne Cole It could have been worse, is about the best that can be said of China’s data dump today. The Q2 GDP number of +0.8% q/q just pipped forecasts, but y/y undershot at 6.3% suggesting revisions somewhere to the past. Industrial output…
By Byron Kaye and Himanshi Akhand (Reuters) – Shares of Endeavour Group, Australia’s biggest pub owner, hit a record low on Monday after a surprise state government decision to impose identification checks and gambling limits on poker machine users. Victoria, Australia’s second-most populous state, said at the weekend it would make poker machine users register…
By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s property sales between June and May showed the largest monthly drop this year, based on sales by floor area, and investment in property also slumped, official data showed on Monday, reinforcing the case for more stimulus to bolster a waning economic recovery. Property sales by…
SEOUL (Reuters) – South Korea’s central bank said on Monday there was a need to manage financial stability in addition to price risks as the country’s high household debts have started to climb. “In terms of monetary policy, it should consider financial stability more actively to prevent excessive leveraging or risky asset investments when monetary…
BEIJING (Reuters) – China’s industrial output grew 4.4% in June from a year earlier, unexpectedly accelerating from 3.5% seen in May, but demand remains lukewarm amid a bumpy post-COVID economic recovery. The data released by the National Bureau of Statistics (NBS) on Monday came above expectations for a 2.7% increase in a Reuters poll of…
SHANGHAI/SINGAPORE (Reuters) -China’s central bank rolled over maturing medium-term policy loans and kept the interest rate unchanged as expected on Monday, however markets expect authorities will need to unleash more stimulus to support slowing economic growth. The economic recovery has lost momentum after an initial burst in the first quarter, prompting monetary authorities to lower…
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s new home prices were unchanged in June, the weakest result this year, data showed on Saturday, increasing pressure on policymakers for more stimulus as the country’s economic recovery falters. The flat result from a month earlier, with rises slowing nationwide, was below May’s 0.1% gain, according…
By Aditya Kalra NEW DELHI (Reuters) -China’s Xiaomi will focus on boosting its India sales from retail outlets after years of big bets on e-commerce, its India president said, as the company seeks to revive smartphone sales after falling behind South Korea’s Samsung. E-commerce sales in India via Amazon and Walmart’s Flipkart have surged in…
