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November 27, 2021

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Most Latam currencies slip; rate hike prospects lift Brazil’s real

Reuters
Mexican economy shrinks more than expected Brazil’s inflation hits highest in almost 20 years Turkish lira up 0.6%; central bank, banks discuss rates Hungary’s forint pulls away from all-time lows Nov 25 (Reuters) – Latin American currencies lagged emerging market peers on Thursday, with Mexico’s peso hit by shrinking economic......

Forint rebounds, long-term yields fall after 1-week depo rate rise

Reuters
PRAGUE/BUDAPEST, Nov 25 (Reuters) – The forint bounced further from an all-time low on Thursday while long-term government bond yields fell after Hungary’s central bank raised its one-week deposit rate by 40 basis points to 2.9% as it fights rising inflation risks. The increase in the depo rate was the......

Wall Street shares mixed as traders position for rate hikes, oil jumps

Reuters
Nasdaq retreats; S&P 500, Dow Jones Industrial Average gain Oil prices rise after U.S. move to release reserves Turkish lira crashes 15% to record low WASHINGTON/LONDON, Nov 23 (Reuters) – Wall Street shares were mixed on Tuesday and the dollar slipped from a 16-month high as investors positioned for interest......

Democracy slipping away at record rate, intergovernmental body warns

Reuters
BRUSSELS, Nov 22 (Reuters) – A greater number of countries are sliding towards authoritarianism, while the number of established democracies under threat has never been so high, the International Institute for Democracy and Electoral Assistance (IDEA) said on Monday. Populist politics, the use of COVID-19 pandemic restrictions to silence critics,......

Nebraska unemployment rate lowest for any state ever recorded

USA TODAY – For more and to sign up click here Joseph Choi Nebraska recorded the lowest unemployment rate seen by any U.S. state in recorded history last month, according to state data. Nebraska recorded an unemployment rate of only 1.9 percent in October, according to information released last week......

Turkish lira hits record lows before central bank meeting, expected rate cut

CNBC
CNBC – For more and to sign up click here Turkish Lira Mehmet Kalkan The Turkish lira on Thursday continued its slide ahead of the country’s central bank meeting. The currency fell to a record low of 10.98 against the dollar, but pared some losses to trade at 10.72 on......

Wall Street dips on rate hike uncertainty; Visa weighs on Dow

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 Target hikes outlook, but stock falls on Q3 margin hit EV maker stocks rise amid growing demand Visa slips after Amazon balks at high UK fees......

UK inflation leaps to 10-year high, bolstering rate hike bets

Reuters
UK CPI hits 4.2% vs forecast 3.9% Highest consumer price inflation since 2011 Bank of England to consider rate hike next month Producer price inflation hits highest in 10 years LONDON, Nov 17 (Reuters) – British inflation has hit a 10-year high as household energy bills rocket, bolstering expectations the......

Lowering maximum income tax rate gets Louisiana voter approval

USA TODAY – For more and to sign up click here Kim Jarrett, The Center Square contributor Louisiana voters approved a constitutional amendment that decreases the maximum individual income tax rate from 6% to 4.75% beginning next year. According to unofficial results from Saturday’s election, fifty-four percent of voters agreed......

Former Indian central bank chief warns rapid rate moves could fuel ‘wealth shock’ that scares consumers

CNBC
CNBC – For more and to sign up click here Former Indian Central Bank Governor Raghuram Rajan highlighted the tightrope that policymakers have to walk with monetary stimulus, warning that one false move may lead to a global “wealth shock” that could scare consumers. With the cost of living surging ever higher in......

Federal Reserve’s Bullard expects two rate hikes next year

CNBC
CNBC – For more and to sign up click here St. Louis Federal Reserve President James Bullard told CNBC that he’s currently expecting the U.S. central bank to hike its benchmark rate twice in 2022, after it’s finished with winding down its bond-buying program. Bullard added the caveat that his viewpoint was......

German coronavirus infection rate hits highest since pandemic began

Reuters
People queue to receive a vaccine against the coronavirus disease (COVID-19), during a night of vaccinations with music, at the Arena Treptow vaccination centre in Berlin, Germany, August 9, 2021. John Macdougall/Pool via REUTERS FRANKFURT, Nov 8 (Reuters) – Germany’s coronavirus infection rate has risen to its highest level since......

Active bond funds tend to beat stock-based peers. One top manager on strategy and interest rate outlook

CNBC
CNBC – For more and to sign up click here Stock pickers don’t tend to beat indexes, but active bond fund managers are doing a bit better, according to Morningstar. Around 84% of active bond fund managers outperformed in the one-year period that ended on June 30, 2021 versus just......

Unemployment rate rose for women and stayed flat for Black workers in October, even as overall jobs numbers improved

CNBC
CNBC – For more and to sign up click here A woman seeking employment attends the 25th annual Central Florida Employment Council Job Fair at the Central Florida Fairgrounds. Paul Hennessy | LightRocket | Getty Images The unemployment picture improved for Americans overall in October, but not for women and......

Just 12 percent in new poll rate public health issues like coronavirus a top national priority

USA TODAY – For more and to sign up click here Rachel Scully Only 12 percent of American adults questioned in a new Reuters/Ipsos poll said they would rate public health issues, such as COVID-19, as a top priority. That percentage is down from 20 percent in February, showing a gradual shift......

Congressional Spending Spur, Fed’s Rate Decision, Russia’s Record COVID Deaths : Up First

NPR
NPR An election loss in Virginia and a squeaker of a win in New Jersey spurs House Democrats to possible votes on Biden spending plans. The Fed rolls back only some of its pandemic-related economic support. And Russia sets new COVID death records, as Europe reels from a new surge......

Investors expect a faster pace for Fed rate hikes, CNBC survey shows

CNBC
CNBC – For more and to sign up click here Amid heightened concerns about inflation, respondents to the CNBC Fed Survey believe the Federal Reserve will announce a decision to taper Wednesday and begin hiking interest rates considerably sooner than previously forecast. Respondents to the survey overwhelmingly forecast that the......

Australia’s Melbourne back to the races, shops as vaccination rate hits 80%

Reuters
Diners eat outside St Kilda’s Rococo restaurant on the second day of eased coronavirus disease (COVID-19) regulations, following a lockdown to curb an outbreak, in Melbourne, Australia, October 23, 2021. REUTERS/Sandra Sanders MELBOURNE, Oct 30 (Reuters) – Melbourne, Australia’s second-largest city which has endured nearly nine months of lockdowns since......

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