By Stefanno Sulaiman and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s April trade surplus came in slightly bigger than expected, even as exports and imports plunged amid declining prices of its main commodities like palm oil, coal and nickel. The recovery of Southeast Asia’s largest economy from pandemic lows has been fuelled by a global commodity boom,…
SEOUL (Reuters) – South Korean house prices weakened for an 11th consecutive month in April – its longest streak of declines in 11 years – but the pace of falls continued to slow, data showed on Monday. The nationwide house price index fell 0.47% in April from the previous month, according to data from the…
By Paritosh Bansal (Reuters) – Banking regulators have been pushed by market volatility in recent weeks into doing things that they haven’t really wanted to do, like letting the largest U.S. bank get even bigger. Their hand may be forced again. Take the case of the Federal Deposit Insurance Corp (FDIC), one of the main…
A look at the day ahead in European and global markets from Kevin Buckland. Politics has the spotlight at the start of a new week, falling chiefly – still – on the U.S. debt ceiling standoff. Talks between President Joe Biden and lawmakers look likely to resume on Tuesday, after getting postponed on Friday. Despite…
By Tetsushi Kajimoto TOKYO (Reuters) – The weekend gathering of finance chiefs from the Group of Seven (G7) advanced economies did not single out China as a threat in their communique, but left signs the world’s second-largest economy will loom large at this week’s summit in Hiroshima. Efforts to grapple with China’s growing global presence…
By Leika Kihara TOKYO (Reuters) -Japan’s wholesale inflation slowed for a fourth straight month in April as rises in raw material costs moderated, data showed on Monday, suggesting that consumer inflation will begin to ease back towards the central bank’s 2% target. The data may diminish market expectations that broadening inflationary pressure will prod the…
SHANGHAI/SINGAPORE (Reuters) -China’s central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged on Monday, as expected, but markets expect monetary easing may be inevitable in the coming months to support the economic recovery. The People’s Bank of China (PBOC) said it was keeping the rate on 125 billion yuan ($18.08…
By Jamie McGeever ORLANDO, Florida (Reuters) – There’s a large swathe of the investment community convinced that 2023 will be a solid year for U.S. Treasuries as falling inflation and likely recession prompt the Fed to cut interest rates, but hedge funds are not part of it. Not one bit. The latest Commodity Futures Trading…
By Laura Sanicola NEW YORK (Reuters) – Oil prices settled more than 1% lower on Friday, falling for the fourth consecutive week, as the market balanced supply fears against renewed economic concerns in the United States and China. Brent crude futures settled down 81 cents, or 1.1%, to $74.17 while West Texas Intermediate (WTI) U.S….
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Major economic data from China and Japan, and a central bank rate decision from the Philippines could be the main regional drivers for Asian markets this week, with investors growing increasingly nervous about the U.S. and global macro…
