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October 22, 2021

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Analysis: ‘Perfect storm’ lifts dollar over unsettled markets

Reuters
A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File Photo NEW YORK, Oct 1 (Reuters) – A grinding rally in the dollar is picking up speed, fueled by a hawkish tilt from the Federal Reserve, rising Treasury yields and concerns over the......

S&P 500, Dow tumble as Wall Street heads for monthly losses

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/File Photo S&P 500 set to snap seven-month winning streak Indexes down: Dow 1.25%, S&P 0.86%, Nasdaq 0.30% Sept 30 (Reuters) – The S&P 500 and the......

Analysis: From chips to ships, shortages are making inflation stick

Reuters
A gas burner is pictured on a cooker in a private home in Bordeaux, soutwestern France, December 13, 2012. REUTERS/Regis Duvignau Analysts still view price pressures as temporary But watching supply, worker shortages closely U.S. seen more at risk from wage-induced inflation LONDON, Sept 30 (Reuters) – Soaring gas prices,......

U.S. pending home sales jump to seven-month high; mortgage applications fall

Reuters
Real estate signs advertise new homes for sale in multiple new developments in York County, South Carolina, U.S., February 29, 2020. REUTERS/Lucas Jackson//File Photo Pending home sales increase 8.1% in August Contracts rise in all four regions Applications for home purchase loans fall last week WASHINGTON, Sept 29 (Reuters) –......

Banks, industrials lift Dow; Tech mega-caps drag Nasdaq lower

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 Stocks sensitive to economy outperform the market U.S. core capital goods orders, shipments rise in Aug Indexes: Dow rises 0.34%, S&P down 0.29%, Nasdaq falls 0.72%......

Oil shares lead charge as crude hits new 3-year highs

Reuters
A man watches an electric board showing Nikkei index outside a brokerage at a business district in Tokyo, Japan, June 21, 2021. REUTERS/Kim Kyung-Hoon Oil climbs on tight supply, strong demand Markets hope Beijing will contain Evergrande fallout U.S. debt ceiling deadline nears, spending bill to get vote Bonds pressured......

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.......

Fears grow for China Evergrande after interest deadline missed

Reuters
Evergrande misses payment dedline on dollar bond interest Some bondholders have not been paid – sources Company has 30-day grace period before the bonds default PBOC injects cash into banking system; Evergrande shares fall SINGAPORE/SHANGHAI, Sept 24 (Reuters) – China Evergrande inched closer on Friday to the potential default that......

Nike warns on holiday delays, cuts full-year sales estimate

Reuters
Nike shoes are seen displayed at a sporting goods store in New York City, New York, U.S., May 14, 2019. REUTERS/Mike Segar/File Photo Sept 23 (Reuters) – Nike Inc (NKE.N) on Thursday cut its fiscal 2022 sales expectations and said it expects delays during the holiday shopping season, blaming a......

Evergrande bondholders run out of hope for coupon payment on Thursday -source

Reuters
Chairman reiterates top priority is to help investors Evergrande shares rise 18% boosting other property stocks Investors and analysts play down threat of ‘Lehman moment’ HONG KONG/SINGAPORE, Sept 23 (Reuters) – China Evergrande Group (3333.HK) dollar bondholders were still waiting for information about a key interest payment due Thursday, with......

Under pressure, U.S. donates half billion more COVID-19 vaccine doses to world

Reuters
WASHINGTON, Sept 22 (Reuters) – The United States on Wednesday promised to buy 500 million more COVID-19 vaccine doses to donate to other countries as it comes under increasing pressure to share its supply with the rest of the world. President Joe Biden made the announcement during a virtual summit......

Severe COVID-19 may trigger autoimmune conditions; New variants cause more virus in the air

Reuters
The word “COVID-19” is reflected in a drop on a syringe needle in this illustration taken November 9, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Sept 22 (Reuters) – The following is a summary of some recent studies on COVID-19. They include research that warrants further study to corroborate the findings and that......

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......

Canadians vote as Trudeau’s bid for decisive win hangs in the balance

Reuters
MONTREAL, Sept 20 (Reuters) – Canadians went to the polls on Monday as Prime Minister Justin Trudeau appeared likely to lose his bid for a parliamentary majority after a tough campaign that may have dashed his Liberal Party’s hopes for a convincing win. Trudeau heads a minority government that relies......

Erdogan’s waning patience: Four questions for Turkey’s central bank

Reuters
Turkey’s Central Bank headquarters is seen in Ankara, Turkey in this January 24, 2014 file photo. REUTERS/Umit Bektas//File Photo As world preps for tighter policy, Turkey looks to ease Erdogan has urged rate cuts despite rising inflation ISTANBUL, Sept 20 (Reuters) – Turkey’s central bank has begun setting the stage......

Canada’s Trudeau hammers main election rival’s COVID-19 approach

Reuters
MONTREAL, Sept 16 (Reuters) – Canadian Prime Minister Justin Trudeau, seeking to carve out a lead ahead of Monday’s election, accused his main rival on Thursday of showing weak leadership in the fight against COVID-19. Opinion polls show Trudeau’s center-left Liberals effectively tied with the right-of-center Conservatives led by Erin......

World shares slide on China investment worries

Reuters
A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri/File Photo U.S. retail sales rose in August Indexes: Dow off 0.18%, S&P down 0.16%, Nasdaq up 0.13% Dollar hits nearly three-week high Gold falls by more than 2% NEW YORK,......

European stocks rise as travel shares jump on Ryanair forecast

Reuters
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 15, 2021. REUTERS/Staff Travel & leisure stocks snap 4-day losing streak Continental slumps on Vitesco spin-off Weaker metal prices weigh on miners Sept 16 (Reuters) – European stocks rose on Thursday as travel......

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......

Equities fall as U.S. inflation data raises more questions

Reuters
Wall Street dips as choppy recovery, looming tax hikes weigh Oil turns negative on inflation data, improving storm outlook U.S. yields fall after inflation shows signs of cooling NEW YORK, Sept 14 (Reuters) – Global markets edged lower and the dollar fell on Tuesday after data showed U.S. inflation rose......

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