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U.S. manufacturing sector slows in June; new orders measure contracts -ISM

Reuters
Autonomous robots assemble an X model SUV at the BMW manufacturing facility in Greer, South Carolina, U.S. November 4, 2019. REUTERS/Charles Mostoller Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 1 (Reuters) – U.S. manufacturing activity slowed more than expected in June, with a measure of new......

Asia’s factories feeble despite China bounce, feeds global recession fears

Reuters
A bicycle rider rides past a factory at Keihin industrial zone in Kawasaki, south of Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register Japan, S. Korea PMIs slow in June on supply constraints Taiwan’s PMI contracts, other Asian PMIs also soft China’s......

U.S. inflation data offer no quick relief to Fed, but hint at a peak

Reuters
WASHINGTON, June 30 (Reuters) – New U.S. data for May showed little immediate relief from the record pace of inflation pushing the Federal Reserve toward another oversized interest rate increase next month, but it did add to a developing sense that the worst may be over. Inflation as measured by......

Indian shares suffer worst quarter since pandemic-hit start of 2020

Reuters
A general view of the Bombay Stock Exchange (BSE) in Mumbai, India, January 21, 2021. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, June 30 (Reuters) – Indian shares on Thursday ended lower and clocked their worst quarter since the early days of the pandemic, beset......

China’s factory, service sectors shake off 3 months of lockdown pain

Reuters
A worker polishes a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS Register now for FREE unlimited access to Reuters.com Register China factory, services PMIs above 50 for first time since Feb Recovery seen as COVID restrictions......

Fed officials promise rate hikes, push back on recession fears

Reuters
June 28 (Reuters) – Federal Reserve policymakers on Tuesday promised further rapid interest-rate hikes to bring down high inflation, but pushed back against growing fears among investors and economists that sharply higher borrowing costs will trigger a steep downturn. “Many are worried that the Fed might be acting too aggressively......

Inflation saps U.S. consumer confidence; house prices remain elevated

Reuters
Consumer confidence index falls 4.5 points to 98.7 in June Goods trade deficit falls 2.2% to $104.3 bln in May Exports increase 1.2%; imports dip 0.1% Wholesale inventories rise 2.0; retail stocks up 1.1% House prices increase in April, but pace slowing WASHINGTON, June 28 (Reuters) – U.S. consumer confidence......

Indian shares fall, rupee hits record low as oil prices rebound

Reuters
Gardeners work outside the National Stock Exchange (NSE) building in Mumbai, India, August 16, 2018. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, June 28 (Reuters) – Indian shares slipped on Tuesday after three straight sessions of gains, while the rupee fell to a record low,......

Indian shares hit over two-week high on oil slide, tech boost

Reuters
A man looks at a screen displaying budget news, on a facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, February 1, 2022. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, June 27 (Reuters) – Indian shares touched a more than two-week high on......

European banks ace U.S. Fed’s stress test, show strong capital levels

Reuters
WASHINGTON/LONDON, June 23 (Reuters) – The U.S. units of major European lenders including Deutsche Bank, Barclays and Credit Suisse sailed through the Federal Reserve’s annual “stress tests” on Thursday, showing they hold enough capital to weather an economic shock. For the seven European bank subsidiaries the Fed oversees with more......

Defensive stocks lead Wall Street higher amid recession fears

Reuters
Occidental rises after Berkshire raises stake Accenture slides on tepid current-quarter sales view Indexes up: Dow 0.20%, S&P 0.28%, Nasdaq 0.45% June 23 (Reuters) – Wall Street’s main indexes rose on Thursday as investors turned to consumer staples and healthcare companies to mitigate their risks if the economy falls into......

Indian shares rise as automakers enjoy best day in over two years

Reuters
People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, June 23 (Reuters) – Indian shares bucked a broader downturn on Thursday as weak metal and oil prices drove beaten-down automakers to their......

Thousands march in Quito after night of Ecuador protest violence

Reuters
QUITO, June 22 (Reuters) – Thousands of indigenous protesters held a peaceful march through Ecuador’s capital, Quito, on Wednesday to demand that President Guillermo Lasso address price rises that have ignited 10 days of demonstrations across the country. Disquiet over costs for fuel, food and other basics has exploded into......

Global economy: U.S. recession fears darken outlook for Japan, global factories

Reuters
TOKYO, June 23 (Reuters) – Japan’s factory activity growth slowed to a four-month low in June as China’s COVID-19 curbs disrupted supply chains, while many other economies in Asia were also facing headwinds amid growing risks to the outlook from a potential U.S. recession. Australia’s manufacturing activity held steady this......

An early look at June U.S. jobs data suggests pickup, not slump

Reuters
A “Now hiring” sign is displayed on the window of an IN-N-OUT fast food restaurant in Encinitas, California, U.S., May 9, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register June 22 (Reuters) – An early look at the state of the U.S. job market in June......

Fed’s Powell: committed to inflation fight, not trying to trigger recession

Reuters
June 22 (Reuters) – The Federal Reserve is not trying to engineer a recession to stop inflation but is fully committed to bringing prices under control even if doing so risks an economic downturn, U.S. central bank chief Jerome Powell said on Wednesday. “We are not trying to provoke, and......

Asian shares rise as investors pause after selloff

Reuters
A man wearing a protective mask, amid the COVID-19 outbreak, is reflected on an electronic board displaying stock prices outside a brokerage in Tokyo, Japan, September 21, 2021. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 21 (Reuters) – Asian stocks and U.S. share......

Australia’s central bank flags more rate rises, 75 bp moves unlikely

Reuters
SYDNEY, June 21 (Reuters) – Australia’s top central banker on Tuesday flagged a lot more policy tightening ahead as rates were still “very low” and it was important that higher inflation did not feed into public expectations and wage claims. Yet, Reserve Bank of Australia (RBA) Governor Philip Lowe also......

Fed’s Waller backs another big rate hike for ‘all in’ inflation fight

Reuters
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger Register now for FREE unlimited access to Reuters.com Register June 18 (Reuters) – Federal Reserve Governor Christopher Waller on Saturday became the latest U.S. central banker to pledge......

Fed vows ‘unconditional’ inflation war, says soft landing still possible

Reuters
June 17 (Reuters) – The Federal Reserve, fresh from its biggest interest rate hike in more than a quarter of a century, signaled on Friday it will not let anything stand in the way of its battle to bring down the searing inflation that’s punishing American households. “The Committee’s commitment......

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