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January 24, 2020
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Westpac economists now see RBA delaying rate cut to April

Reuters
FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia’s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray SYDNEY (Reuters) – Analysts at Westpac Banking Corp (WBC.AX) now expect the Reserve Bank of Australia (RBA) will......
Reuters - Business

Dollar up vs euro as ECB holds rates steady, launches review

Reuters
NEW YORK (Reuters) – The dollar rose against the euro on Thursday after the European Central Bank held interest rates steady and launched a broad review of its policy that was likely to see new President Christine Lagarde redefine the ECB’s main goal and how to achieve it. FILE PHOTO:......
Reuters - Business

Virus fears keep stocks red; ECB gets ready to rethink

Reuters
LONDON (Reuters) – World shares fell on Thursday, led by the biggest decline in Chinese stocks in more than eight months, as concern mounted about the spread of a deadly virus in China. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December......
Reuters - Business

ECB to launch review that will redefine its mission and tools

Reuters
FRANKFURT (Reuters) – European Central Bank President Christine Lagarde is set to launch a broad review of its policy on Thursday that is likely to see her redefine the ECB’s main goal and how to achieve it. FILE PHOTO: New European Central Bank (ECB) President Christine Lagarde addresses a news......
Reuters - Business

U.S. home sales surge to near two-year high; supply at record low

Reuters
WASHINGTON (Reuters) – U.S. home sales jumped to their highest level in nearly two years in December, the latest indication that lower mortgage rates are helping the housing market to regain its footing after hitting a soft patch in 2018, though record low inventory could be an obstacle to continued......
Reuters - Business

Risk assets dragged lower by Chinese virus anxiety

Reuters
NEW YORK (Reuters) – Risk assets took a hit across the globe on Tuesday while the Japanese yen and some developed country bond prices gained as financial markets reacted to mounting concern about a new strain of flu-like virus in China. Traders work on the floor at the New York......
Reuters - Business

China virus sends chill through markets as risks rise

Reuters
LONDON (Reuters) – Global stock markets took a hit on Tuesday as mounting concern about a new strain of coronavirus in China sent a ripple of risk aversion through markets. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby......
Reuters - Business

China virus sends shiver through markets as risks mount

Reuters
LONDON (Reuters) – Global shares took a beating on Tuesday, wiping out all gains made at the start of the week as mounting concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets. FILE PHOTO: The London Stock Exchange Group offices are seen......
Reuters - Business

Global stocks stay near record highs; focus turns to central banks, earnings

Reuters
LONDON (Reuters) – World stocks traded just below record highs on Monday, pausing ahead of this week’s central bank meetings, economic data and earnings, while oil prices rose to their highest in over a week after blockades began shutting down two Libyan oilfields. FILE PHOTO: The London Stock Exchange Group......
Reuters - Business

Feel good factor keeps world stocks near record highs, oil jumps

Reuters
LONDON (Reuters) – World stocks held near record highs on Monday as generally better data and earnings bolstered sentiment, while oil prices hit their highest in over a week after two large crude production bases in Libya began shutting down following a blockade. FILE PHOTO: The London Stock Exchange Group......
Reuters - Business

U.S. housing starts at 13-year high in December; permits ease

Reuters
WASHINGTON (Reuters) – U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record. FILE PHOTO: A new apartment building housing construction site......
Reuters - Business

World shares gain as China data fuels bets on growth

Reuters
LONDON (Reuters) – World shares rose to record highs on Friday, buoyed by Chinese growth figures that suggested the world’s second-biggest economy was stabilizing. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Riskier assets were in demand......
Reuters - Business

China posts weakest growth in 29 years as trade war bites, but ends 2019 on better note

Reuters
BEIJING (Reuters) – China’s economic growth cooled to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States, and more stimulus is expected this year as Beijing tries to boost sluggish investment and demand. A girl runs past a man as he smokes......
Reuters - Business

China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note

Reuters
BEIJING (Reuters) – China’s economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown. FILE PHOTO: Containers are seen at Yantian port......
Reuters - Business

China set to post weakest growth in 29 years as trade war bites, investment sputters

Reuters
BEIJING (Reuters) – China is expected to report on Friday that economic growth slowed to its weakest in nearly three decades in 2019 amid a bruising trade war with the United States, and more stimulus steps are expected this year to help avert sharper slowdown. FILE PHOTO: A teller counts......
Reuters - Business

Trump takes time in China deal signing to lament his Fed chair pick, again

Reuters
(Reuters) – A funny thing happened on the way to the U.S.-China trade deal signing: President Donald Trump may have tipped his next pick for head of the Federal Reserve — if he gets the chance. Among the dozen or so diversions Trump took in rambling introductory remarks before signing......
Reuters - Business

U.S. economy expands modestly but trade tensions weigh, Fed survey shows

Reuters
WASHINGTON (Reuters) – The U.S. economy expanded at a modest pace through the final six weeks of 2019 but uncertainty over U.S. trade policy continued to hurt firms, a survey conducted by the Federal Reserve said on Wednesday. FILE PHOTO: Engine casting blocks, used in a variety of General Motors......
Reuters - Business

OPEC expects lower demand for its oil as U.S. hits new milestone

Reuters
LONDON (Reuters) – OPEC expects lower demand for its crude oil in 2020 even as global demand rises, it said on Wednesday, as rival producers grab market share and the United States looks set for another output record. The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits......

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