BoE flags risk of recession and 10% inflation as it raises rates again

A man wearing a protective face mask walks past the Bank of England (BoE), after the BoE became the world’s first major central bank to raise rates since the coronavirus disease (COVID-19) pandemic, in London, Britain, December 16, 2021 REUTERS / Toby Melville Register now for FREE unlimited access to Reuters.com Register Central bank sees … Read more

Stocks rise, US yields slip as markets await Fed rate hike

NEW YORK / MILAN, May 3 (Reuters) – A gauge of global equity markets edged higher on Tuesday while 10-year US Treasury yields slid from the 3% level as investors remained cautious, expecting the Federal Reserve to hike rates by the most in a single day since 2000 to curb inflation. Feeding inflation worries, data … Read more

Wall Street closes sharply lower on Amazon slump, inflation worries

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, April 4, 2022. REUTERS / Brendan McDermid / File Photo Register now for FREE unlimited access to Reuters.com Register Amazon tumbles after results and outlook fall short Apple slips after flagging supply problems Monthly inflation surged by the … Read more

US business spending on equipment strong; house prices push higher

Core capital goods orders increase 1.0% in March Durable goods orders rebound 0.8% Consumer confidence dips in April New home sales drop 8.6% in March; house prices surge WASHINGTON, April 26 (Reuters) – New orders for US-made capital goods rebounded more than expected in March, suggesting that business spending on equipment ended the first quarter … Read more

Economic fears hit global equities, commods; Twitter lifts Wall St.

WASHINGTON / LONDON, April 25 (Reuters) – European stocks slid to a one-month low and commodity prices dropped on Monday on renewed concerns about rising interest rates and China’s sputtering economy, while Wall Street shares rose, reversing losses after Twitter agreed to be bought by billionaire Elon Musk. Fears over China’s COVID-19 outbreaks spooked investors … Read more

Nasdaq drops as Netflix subscriber numbers weigh on tech

Procter & Gamble up on raising FY sales forecast IBM gains on upbeat forecast, Q1 results beat Netflix slumps after Q1 subscriber loss Indexes: Dow up 0.71%, S&P slips 0.06%, Nasdaq off 1.22% April 20 (Reuters) – The tech-heavy Nasdaq dropped on Wednesday as Netflix’s surprise decline in subscribers weighed on both the streaming giant … Read more

Oil prices fall 5% after IMF cuts growth outlook

Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products, in Carson, California, US, March 11, 2022. Picture taken with a drone. REUTERS / Bing Guan Register now for FREE unlimited access to Reuters.com Register … Read more

Global shares pause on inflation view; oil steady on Ukraine

A broker looks at financial information on computer screens on the IG Index the trading floor in London, Britain February 6, 2018. REUTERS / Simon Dawson Register now for FREE unlimited access to Reuters.com Register MSCI World Index flat; Asia ex-Japan index up 0.6% Oil slips back on weak China, Japan data UK inflation hits … Read more

Pakistan’s Prime Minister Imran Khan ousted in no-confidence vote

ISLAMABAD, April 10 (Reuters) – Pakistan’s Prime Minister Imran Khan was ousted on Sunday when he lost a vote of confidence in parliament, after being deserted by coalition partners who blame him for a crumbling economy and failure to deliver on his campaign promises. The result of the vote, which was the culmination of a … Read more

Stocks slip, bonds hit as bets on Fed action rise

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 28, 2022. REUTERS / Staff Register now for FREE unlimited access to Reuters.com Register US treasury yields hit multi-year highs Dollar at its strongest in nearly two years Fed minutes eyed as bets on big rate hike increase … Read more