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May 24, 2022

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Sterling at two-week high, wins respite from growth fears for now

Reuters
Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register LONDON, May 19 (Reuters) – Sterling climbed to a two-week high against a weaker dollar on Thursday, winning a respite for now from the soaring......

Wells Fargo sees end-of-year U.S. recession, cuts GDP view

Reuters
A person pushes a shopping cart in a supermarket in Manhattan, New York City, U.S., March 28, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register May 18 (Reuters) – Wells Fargo Investment Institute said on Wednesday it reduced its economic expectations with a mild U.S. recession......

Gold attempts rebound as dollar backs off highs

Reuters
Gold up after hitting lowest since Jan. 31 on Monday SPDR Gold Trust holdings extend slide to lowest since March Dollar slips further from last week’s two-decade high Silver up for third straight session May 17 (Reuters) – Gold rose on Tuesday as a retreat in the dollar helped bullion......

Gold up from 3-month lows as U.S. bond yields weaken

Reuters
Sales persons wait for customers at a gold jewelry showroom in Chandigarh, India, November 9, 2016. REUTERS/Ajay Verma Register now for FREE unlimited access to Reuters.com Register Dollar starts week just off recent 20-year high against peers Momentum clearly favours further downside in gold – analyst Gold prices touched lowest......

Asia stocks struggle after dire China data

Reuters
Asian stock markets: China retail sales dive 11.1%, output drops 2.9% Nikkei pares gains, S&P 500 futures turn lower Dollar holds near 20-year highs, yen gets safety bid SYDNEY, May 16 (Reuters) – Asian share markets were struggling to sustain even a minor rally on Monday after shockingly weak data......

UK consumer borrowing surge hints at cost-of-living crunch

Reuters
UK consumer borrowing rises by 1.3 bln stg in March Marks strongest two months for lending since 2019 Borrowing could sign of cost-of-living squeeze Scant sign better-off households spending savings LONDON, May 4 (Reuters) – British consumers increased borrowing by the most in three years over February and March, according......

French economy stalls in first quarter, inflation hits new record

Reuters
An aerial view shows the Eiffel tower, the Seine River and the Paris skyline, France, July 14, 2019. REUTERS/Philippe Wojazer Register now for FREE unlimited access to Reuters.com Register French first-quarter GDP flatlines after 0.8% jump Consumer spending fell 1.3% in first quarter Inflation rose unexpectedly in April to 5.4%......

Column: ‘Peak subscription’ a red flag for U.S. economy and markets: McGeever

Reuters
The logos of mobile apps, Google, Amazon, Facebook, Apple and Netflix, are displayed on a screen in this illustration picture taken December 3, 2019. REUTERS/Regis Duvignau – RC2VND9O022Y Register now for FREE unlimited access to Reuters.com Register ORLANDO, Fla., April 27 (Reuters) – U.S. consumers appear to have online subscription......

China March new home prices stall again as COVID damps sentiment

Reuters
A worker walks on scaffolding at a construction site in Shanghai, China January 14, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register New home prices unchanged month-on-month in March Price growth flat on month for second time in a row New home prices grew at slowest......

Higher gasoline prices flatter U.S. retail sales; consumers remain resilient

Reuters
Shoppers look for deals at the Pentagon City Mall in Arlington, Virginia, U.S., November 29, 2019. REUTERS/Loren Elliott/File Photo Register now for FREE unlimited access to Reuters.com Register Retail sales increase 0.5% in March Gasoline accounts for bulk of rise in sales Core retail sales dip 0.1%; online sales drop......

China’s imports unexpectedly fall as COVID curbs convulse trade outlook

Reuters
Trucks travel past containers at the Yangshan Deep Water Port in Shanghai, China January 13, 2022. Picture taken January 13, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register March export growth eases slightly but beats forecasts March imports unexpectedly fall Ukraine war, COVID lockdowns taking a......

China’s factory, services sectors slump together for first time since 2020

Reuters
A worker wearing a face mask works on a production line manufacturing bicycle steel rim at a factory, as the country is hit by the novel coronavirus outbreak, in Hangzhou, Zhejiang province, China March 2, 2020. China Daily via REUTERS Register now for FREE unlimited access to Reuters.com Register BEIJING,......

Bank analysts, investors antsy for spending outlook as inflation risks grow

Reuters
NEW YORK, March 29 (Reuters) – Analysts and investors of major Wall Street banks are eagerly anticipating any insight from executives on the outlook for consumer spending and borrowing, a key source of revenue, when first-quarter earnings are unveiled next month. U.S. consumer spending has been rising for months as......

Shares grind higher; bonds brandish recession warnings

Reuters
Shares head higher as Russia and Ukraine talk in Turkey Bond markets continue to flag recession fears German and French consumer confidence drops Yen tries to steady, but heading for worst month since 2016 Oil dips back LONDON, March 29 (Reuters) – Global markets veered in different directions on Tuesday,......

Morning Bid: Trade-offs | Reuters

Reuters
Containers are loaded onto a ship at the port of Rotterdam, Hook of Holland, Netherlands, September 11, 2018. REUTERS/Piroschka van de Wouw Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in markets from Sujata Rao It’s not just the costs of producing goods......

Gold steady as robust Treasury yields counter Ukraine woes

Reuters
FILE PHOTO:Granules of gold and silver are seen in glass jars at the Krastsvetmet non-ferrous metals plant in the Siberian city of Krasnoyarsk, Russia March 10, 2022. REUTERS/Alexander Manzyuk Register now for FREE unlimited access to Reuters.com Register U.S. 10-year Treasury yields hit multi-year highs Ukraine refuses to accept Russian......

Gold rises as Ukraine crisis escalates, hawkish Fed caps gains

Reuters
SPDR Gold Holdings highest since March 2021 Palladium supply concerns may return over escalation – analyst March 21 (Reuters) – Gold prices rose on Monday, lifted by safe-haven demand as the Ukraine crisis showed no signs of abatement, although the gains were capped by the U.S. Federal Reserve’s plan of......

Gold set for worst week since November as safe-haven demand eases

Reuters
Granules of gold and silver are seen in glass jars at the Krastsvetmet non-ferrous metals plant in the Siberian city of Krasnoyarsk, Russia March 10, 2022. REUTERS/Alexander Manzyuk Register now for FREE unlimited access to Reuters.com Register Silver heads for worst week since late-Jan Palladium down more than 10% this......

Gold slips as Fed rate hike bets lift Treasury yields

Reuters
U.S. Treasury 10-yr yields firm at near-month high Global shares firm, gold hovers close to one-week low March 14 (Reuters) – Gold prices fell on Monday as U.S. Treasury yields rose on rate hike expectations, with higher risk appetite on hopes of peace between Russia and Ukraine denting bullion’s safe-haven......

Gold dips on rate hike bets, set for weekly gain due to Ukraine crisis

Reuters
Platinum set for worst weekly fall since November 2021 Investors struggle to price anything fairly, analyst says Gold set for second straight weekly rise March 11 (Reuters) – Gold retreated on Friday as investors focused on the likelihood that U.S. interest rates are set to rise, but concerns over the......

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