Stocks Gain, Ignoring Policymakers’ Recent Inflation Concerns

A man wearing a protective mask, amid the outbreak of the coronavirus disease (COVID-19), walks through an electronic board displaying the Shanghai Composite Index, the Nikkei Index and the Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, March 7, 2022. REUTERS/Kim Kyung-hoon Register now to get free unlimited access to Reuters.com Register LONDON … Read more

China is taking steps to support some real estate developers, increasing demand in the economy

Surveillance cameras near apartment buildings under construction in Shanghai, China, July 20, 2022. REUTERS/Ali Song Register now to get free unlimited access to Reuters.com Register HONG KONG (Reuters) – China will ensure new internal bond issuance by a select few private developers to support its beleaguered real estate sector, sources said on Tuesday, while the … Read more

US housing starts near the lowest level in 1-1/2 years; Factory production regression

Housing Starts Down 9.6%; Building permits decreased 1.3% Single household begins to decline by 10.1%; Permits drop 4.3% Home construction backlog up 5.0% Industrial production rebounded 0.7% WASHINGTON (Reuters) – U.S. home construction fell to its lowest level in nearly a year and a half in July, dragged down by higher mortgage rates and building … Read more

Stocks and dollar firms drift as growth fears stifle sentiment

European shares rose 0.3% thanks to defensive names Markets have generally calmed down amid growth concerns in China and the US Dollar rises as investors seek safety LONDON (Reuters) – European shares slowly crept higher on Tuesday as investors sought safety in defensive names, while risk aversion also lifted the safe-haven dollar after weak Chinese … Read more

Exclusive: Wall Street revives Russian bond trading after US approval

NEW YORK (Reuters) – Several major Wall Street banks have begun offering to facilitate trading in Russian bonds in recent days, according to banking documents seen by Reuters, giving investors another chance to divest from assets widely seen in the West as toxic. . Most US and European banks pulled out of the market in … Read more

Asian stocks mixed, China cut interest rates amid data disappointment

FILE PHOTO – People pass an electronic screen displaying Japan’s Nikkei stock price index inside a conference hall in Tokyo, Japan, June 14, 2022. REUTERS/Issa Kato Register now to get free unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei rises, S&P 500 dips People’s Bank of China (PBOC) cuts key interest rates, China data misses expectations … Read more

China unexpectedly lowered two key rates, withdrawing cash from the banking system

A picture of the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China on September 28, 2018. REUTERS/Jason Lee Register now to get free unlimited access to Reuters.com Register SHANGHAI (Reuters) – China’s central bank unexpectedly cut a key interest rate for the second time this year and pulled some … Read more

Hope to at least raise interest rates to raise Wall Street, oil gains

LONDON (Reuters) – Wall Street headed for another day of gains on Thursday as investors pushed for higher inflation to persuade central banks to pull back from expected interest rate increases in September. The prospect of a less severe tightening in borrowing costs dragged the dollar down, while oil prices rose after the International Energy … Read more

Stocks rise, dollar falls as inflation eases

Wall Street rises, Nasdaq leads gains CPI was flat in July after rising 1.3% in June In the 12 months to July, the CPI rose 8.5% versus 9.1% in June NEW YORK (Reuters) – Stocks rebounded on Wall Street and the dollar plunged after signs of a sharp slowdown in US inflation led to bets … Read more

Ripple Labs interested in crypto lender Celsius’ bankrupt assets

The Celsius Network logo and representations of cryptocurrency are shown in this illustration taken on June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now to get free unlimited access to Reuters.com Register Aug 10 (Reuters) – San Francisco-based blockchain payments firm Ripple Labs Inc, which is engaged in a high-profile battle with the U.S. Securities Regulatory … Read more