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September 25, 2021

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Wall St Week Ahead Fed’s coming taper fans talk of renewed ‘reflation’ trade

Reuters
People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo NEW YORK, Sept 24 (Reuters) – The Federal Reserve’s signal that it will soon unwind its bond buying program is bolstering the case in financial markets......

U.S. new home sales beat expectations; supply near 13-year high

Reuters
New home sales increase 1.5% in August; July revised up Median sales price rises 20.1% from year ago WASHINGTON, Sept 24 (Reuters) – Sales of new U.S. single-family homes increased for a second straight month in August, but demand for housing has probably peaked after a COVID-19 pandemic-fueled buying frenzy.......

U.S. weekly jobless claims unexpectedly rise; labor market recovery on track

Reuters
People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15, 2021. REUTERS/Amira Karaoud Weekly jobless claims increase 16,000 to 351,000 Four-week average of claims at 18-month low Continuing claims rise 131,000 to 2.845 million Business activity slows in September WASHINGTON, Sept 23 (Reuters)......

Wall Street set for strong open as taper fears fade

Reuters
A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., September 17, 2019. REUTERS/Brendan McDermid Weekly jobless claims rise more than expected Accenture, Salesforce up after boosting forecasts Futures up: Dow 0.69%, S&P 0.62%, Nasdaq 0.53% Sept 23 (Reuters) – Wall......

U.S. existing home sales fall in August; price appreciation slowing

Reuters
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. REUTERS/Mike Blake/File Photo Existing home sales fall 2.0% in August Housing inventory declines 13.4% from a year ago Median house price increases 14.9% from a year ago......

BOJ more downbeat on exports, output even as recovery seen on track

Reuters
A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon BOJ keeps interest rate targets unchanged BOJ offers bleaker view on export, output Kuroda says Japan’s economy headed for recovery BOJ rolls out......

Labor, building material shortages depress U.S. single-family housing starts

Reuters
A carpenter works on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, U.S., May 5, 2021. REUTERS/Octavio Jones Housing starts increase 3.9% in August; July revised up Single-family starts fall 2.8%; multi-family jump 21.6% Building permits jump 6.0%; single-family......

China Evergrande shares dive to 11-year low as default risks grow

Reuters
HONG KONG, Sept 20 (Reuters) – China Evergrande Group (3333.HK) shares plunged on Monday to over 11-year lows, extending losses as executives try to salvage its business prospects and as default fears grow over a looming deadline for payment obligations this week. Evergrande has been scrambling to raise funds to......

Oil down on stronger greenback, rising U.S. rig count

Reuters
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo MELBOURNE, Sept 20 (Reuters) – Oil prices fell on Monday, extending losses from Friday after the U.S. dollar jumped to a three-week high and the U.S. rig count......

Wall Street slips as tech, energy stocks drop

Reuters
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly/File Photo Retail sales unexpectedly rise in August Weekly jobless claims slightly above expectations Tesla falls as Ark dumps shares Indexes down: Dow 0.56%,......

Online purchases boost U.S. retail sales; labor market recovering

Reuters
People wearing protective masks shop at Macy’s Herald Square following the outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York City, New York, U.S., December 26, 2020. REUTERS/Jeenah Moon/File Photo Retail sales increase 0.7% in August Core retail sales surge 2.5%; July revised down Weekly jobless......

Asian shares fall again, dollar drifts

Reuters
A man wearing a protective face mask walks past a screen displaying a graph showing recent Nikkei share average outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan November 2, 2020. REUTERS/Issei Kato HONG KONG, Sept 16 (Reuters) – Asian shares gave up early gains to fall......

Hurricane Ida, supply constraints slow U.S. factory production

Reuters
Shipping containers are unloaded from a ship at a container terminal at the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson/File Photo Manufacturing production increases 0.2% in August Industrial output rises 0.4%; Hurricane Ida......

Wall Street set to rise as consumer price growth slows

Reuters
American flags hang from the facade of the New York Stock Exchange (NYSE) building after the start of Thursday’s trading session in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar/File Photo August CPI grows at slowest pace in six months Energy stocks extend gains from......

UK employee numbers surge above pre-pandemic level

Reuters
A man walks past a job centre following the outbreak of the coronavirus disease (COVID-19), in Manchester, Britain, July 8, 2020. REUTERS/Phil Noble UK company payrolls show record monthly increase in August Number of job vacancies exceeds 1 million for first time Jobless rate drops to 4.6% in 3 months......

Global reinsurance rates to keep rising next year – ratings agencies

Reuters
A woman exercises with a dog near the City of London financial district, in London, Britain, April 30, 2021. REUTERS/John Sibley/File Photo LONDON, Sept 7 (Reuters) – Global reinsurance rates are likely to continue rising next year after several years of increases, though the pace of increase may slow, ratings......

Japan’s tepid July household spending adds to economic recovery doubts

Reuters
People wear protective masks in a shopping district amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, December 14 , 2020. REUTERS/Kim Kyung-Hoon/File Photo/File Photo July household spending up 0.7% y/y vs f’cast +2.9% Household spending down 0.9% m/m in July vs f’cast +1.1% Spending growth picks up after June’s......

China’s Aug exports growth unexpectedly picks up speed in boost to economy

Reuters
Containers are seen at the Yangshan Deep-Water Port in Shanghai, China October 19, 2020. REUTERS/Aly Song August exports solidly up from July, beat f’casts August imports also grows at strong pace Data provides some relief to stuttering economic recovery Authorities expected to add to stimulus measures BEIJING, Sept 7 (Reuters)......

Egypt PMI inches closer to growth as purchasing increases

Reuters
A view of the city skyline and River Nile from Cairo tower building in the capital of Cairo, Egypt December 5, 2019. REUTERS/Amr Abdallah Dalsh CAIRO, Sept 5 (Reuters) – Egypt’s non-petroleum private sector activity shrank for a ninth month in a row in August, but inched closer to growth......

Global stock benchmark at new high, dollar slips

Reuters
MSCI ACWI, Nasdaq set fresh closing highs Dollar eases, yields gain, gold jumps Non-farm payrolls report misses forecast NEW YORK, Sept 3 (Reuters) – Big tech shares edged higher on Friday, helping a benchmark world stock index post a sixth consecutive closing high, after a weak U.S. jobs report likely......

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