A look at the day ahead in European and global markets from Kevin Buckland The world’s biggest central banks all confirmed their policy stances from one venue on Wednesday, in the finale of the ECB’s Sintra forum. Today we see how much the inflation data backs those views up. Germany, Spain and Denmark all report…
By Upasana Singh (Reuters) – Investors increased bearish bets on most Asian currencies, as a stuttering post-pandemic recovery in China, the world’s second-largest economy, weighed on sentiment, a Reuters poll showed on Thursday. Bearish bets on Thailand’s baht and the Malaysian ringgit rose to their highest since early November, while investors raised their short positions…
By Amy Lv and Dominique Patton BEIJING (Reuters) – China is set to export the most steel this year since 2016, say analysts, as the weakening yuan and competitive prices help the world’s biggest producer offload surplus metal due to weak demand at home. China’s massive steel industry has been hard hit by a months-long…
By Joe Cash BEIJING (Reuters) – China’s factory activity likely contracted for a third straight month in June, albeit at a marginally slower pace, a Reuters poll showed on Thursday, underscoring the need for further policy stimulus to counter weak demand at home and abroad. The official purchasing managers’ index (PMI) is expected to have…
By Wayne Cole SYDNEY (Reuters) – Australian retail spending rebounded in May as consumers were tempted by online sales events and promotional discounting, a sign of resilience in consumption that might add to the case for another rise in interest rates. Data from the Australian Bureau of Statistics (ABS) on Thursday showed nominal retail sales…
SYDNEY (Reuters) – Job vacancies in Australia fell in the three months to May, the fourth straight quarter of decline, but were still far above pre-pandemic levels as demand for labour remains strong. Figures from the Australian Bureau of Statistics (ABS) out on Thursday showed vacancies in the May quarter fell 2.0%, from the previous…
By Kylie Madry MEXICO CITY (Reuters) – Mexico may repurchase about $4.2 billion in outstanding bonds issued to finance a partly built Mexico City airport that was later canceled, a senior official said on Wednesday. “It’s a possibility,” Deputy Transportation Minister Rogelio Jimenez Pons told reporters, noting that the finance ministry would lead any talks…
SYDNEY (Reuters) – New Zealand’s business confidence improved in June, hitting the highest read since November 2021, while expected own activity moved to positive territory for the first time in 14 months, an ANZ Bank survey showed on Thursday. The survey’s headline measure showed a net 18% of respondents expected the economy to deteriorate over…
By Matt Tracy (Reuters) -Several overseas investors were interested in SL Green Realty’s 245 Park Ave tower before Japanese real estate developer Mori Trust bought half of it, a source familiar with the matter said, an illustration of how some corners of the property market have withstood falling prices. Office space in Manhattan has sold…
By Jihoon Lee SEOUL (Reuters) – South Korea’s downtrend in exports likely slowed in June, with the trade balance set to swing to a surplus for the first time in 16 months, a Reuters survey showed, raising the prospect of an end to a sustained fall in shipments that began late last year. South Korea…
