(Reuters) – Euro zone consumer confidence fell by 9.9 points in March from the February number, figures released on Wednesday showed. The European Commission said a flash estimate showed euro zone consumer morale decrease to -18.7 this month from -8.8 in February. Economists polled by Reuters had expected a fall to -12.9. In the European…
By Andrea Shalal WASHINGTON (Reuters) – The United States has no plans to renegotiate a quota agreement forged by South Korea and the former Trump administration, U.S. Commerce Secretary Gina Raimondo said on Wednesday, a day after agreeing to cut tariffs on British steel and aluminum. “They kind of struck their own deal in the…
By Valentina Za and Francesca Landini MILAN (Reuters) – The European Central Bank can keep its accommodative policy stance if euro zone governments act to offset higher prices, including by supporting households in order to avoid wage increases, a top policymaker said. ECB Governing Council member Ignazio Visco told Bloomberg’s Italy Capital Markets Forum on…
By Horaci Garcia and Christina Thykjaer MADRID (Reuters) – Furlough schemes may need to be introduced if a transport strike that is creating shortages of fresh produce continues, Spanish retail and food industry associations warned on Wednesday, cranking up pressure on the government to find a solution. The strike has spread since a loose group…
(Reuters) -Russia plans to resume some stock trading on Thursday after a near month-long hiatus, with 33 rouble securities to be traded on the Moscow Exchange. Non-residents will have to wait, though – they will be barred from selling stocks and OFZ rouble bonds until April 1. Trading in blue chips, including state lenders Sberbank…
By Lawrence Delevingne, Saikat Chatterjee and Tommy Wilkes BOSTON/LONDON (Reuters) -Wall Street took a breath on Wednesday, pushing stocks and Treasury yields down after both had powered higher earlier in the week as investors took in the strength of the economy and hawkish comments from U.S. policymakers. Two-year U.S. Treasury yields are up sharply so…
By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes unexpectedly fell in February amid rising mortgage rates and higher house prices, which are reducing affordability for some first-time buyers. New home sales decreased 2% to a seasonally adjusted annual rate of 772,000 units last month, declining for a second straight month, the…
(Reuters) – U.S. stock indexes opened lower on Wednesday as oil prices rose and megacap shares fell, while investors assessed the outlook for U.S. interest rates following calls from policymakers for bigger increases. The Dow Jones Industrial Average fell 58.62 points, or 0.17%, at the open to 34,748.84. The S&P 500 opened lower by 18.51…
(Reuters) -The Russian central bank said on Wednesday that some stock market trading would resume on Thursday after a near month-long hiatus, with 33 securities to be traded on the Moscow Exchange for a limited time and with short selling banned. Trading in blue chips, including state lenders Sberbank and VTB and energy majors Rosneft…
By Aftab Ahmed, Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – India has frozen plans to allow local firms to list overseas as it seeks to bolster its own capital markets, government officials and industry sources said, in a blow to foreign funds and stock exchanges seeking to tap into the country’s tech boom….
