Nov 28 (Reuters) – A preview of the day ahead in Asian markets from Jamie McGeever. The Purchasing Managers’ Index (PMI) data will be the main economic driver for Asian markets this week, but the tone will be set by the increasingly tense political situation in China. Thousands of people are taking to the streets …
Morning auction: the Chinese crisis is preparing Read More »
Industrial profits from January to October -3.0% per year compared to -2.3% in January to September Risks from national COVID outbreaks and global recession flagged BEIJING, Nov 27 (Reuters) – Chinese industrial firms saw their overall profits decline further in the January-October period as COVID-19 outbreaks erupted and cities imposed new anti-corruption measures. viruses, including …
China’s industrial profits fall further as COVID woes weigh on economy Read More »
LONDON, Nov 23 (Reuters) – The Bank of England will continue to hike interest rates to fight inflation even as Britain heads into a long albeit shallow recession as consumers face a prolonged crisis in the cost of living, according to a Reuters poll of economists. . Finance Minister Jeremy Hunt announced more pain in …
Nov 21 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Reports of the falling dollar may have been greatly exaggerated, and if that turns out to be the case, that’s bad news for Asia. Global equities have rebounded strongly, bond yields and the dollar have fallen, and financial conditions …
Hunt says taxes are rising and spending is needed to fight inflation “I have tried to avoid anything that harms long-term growth” But little budget to help short-term growth The UK is the only G7 economy that has yet to recover to its pre-pandemic size Tough reforms are needed to accelerate growth – IFS LONDON, …
Analysis: Tough budget leaves UK growth challenge unmet Read More »
B Rexit has had a “significant negative impact” on UK trade, according to the budget watchdog’s assessment. The Office for Budget Responsibility (OBR) said Brexit had helped reduce trade volumes and business relationships between UK and EU businesses. Trade has also been hit by slowing global economic growth, according to the OBR’s Economic and Fiscal …
OBR: Brexit has had a ‘significant negative impact’ on UK trade Read More »
LONDON, Nov 17 (Reuters) – Britain’s Finance Minister Jeremy Hunt on Thursday announced a series of tax hikes and government spending cuts as part of a tough fiscal plan he said was needed after the blow to the country’s fiscal reputation by former Prime Minister Liz Truss. . Here’s a look at what he announced …
Landeed co-founders supported by Y-Combinator, ZJ Lin, Sanjay Mandava, Jonathan Richards. (From left to right) Synopsis A Hyderabad-based startup is determined to remove the murky acts that are giving the real estate sector a bad name in the country. Landeed aims to expedite your due diligence by streamlining the process of obtaining title deed. The …
EURUSD is facing headwinds while breaking above immediate resistance at 1.0350. The Fed’s verdict to keep policy tightening measures intact could breathe fresh blood into the US dollar. The ECB could control inflation through recession in the Eurozone, which could lead to volatility in the Euro. EURUSD will focus on Eurozone GDP release for other …
EURUSD struggles around 1.0350 as the Fed slows its current pace of rate hikes Read More »
Q3 GDP -0.2% q/q vs Reuters poll -0.5% Economic production Sept. -0.6% m/m vs survey -0.4% GDP in July and August revised upwards Economists still see the UK heading into recession The Minister of Finance predicts “a difficult path” LONDON, Nov 11 (Reuters) – Britain’s economy shrank in the three months to September at the …
UK economy shrinks at start of feared long recession Read More »
