As Fed warns of turbulence ahead, markets remove their seat belts

As Fed warns of turbulence ahead, markets remove their seat belts

WASHINGTON, Aug 15 (Reuters) – The Federal Reserve’s hawkish message on inflation registered quickly in US housing markets this summer as mortgage rates shot up and home sales slowed. But that was the one prominent and anticipated adjustment across an economy that has met the US central bank’s most aggressive shift of monetary policy in … Read more

Take Five: Retailer round-up, UK economy woes and Europe’s power problems

Aug 12 (Reuters) – US retailers’ earnings will give a glimpse into how consumers are dealing with sky-high inflation, and a raft of data will offer a check-up on the health of the UK economy. Power problems will continue to plague Europe, while the central bank spotlight falls on New Zealand. Here’s your week-ahead in … Read more

US stock market: Is it a bull, a bear, or a bull in a bear?

The Charging Bull statue, also known as the Wall St. Bull, is pictured in the financial district in the Manhattan borough of New York City, New York, US, September 9, 2020. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – The US stock market’s rebound in recent weeks has … Read more

Copper speculators anticipate a downturn for the market and the world

LONDON, Aug 11 (Reuters) – Speculators in the copper market, seen as an indicator of the health of the economy, are betting a global downturn means the metal used in power and construction has further to fall, despite its recent rebound. The latest data shows more funds with bearish positions than bullish copper positions on … Read more

Canadian home buyers return to fixed-rate loans as the economy wobbles

A “For Sale” sign stands in front of a home that has been sold in Toronto, Canada, June 29, 2015. REUTERS/Mark Blinch/File Photo Register now for FREE unlimited access to Reuters.com Register TORONTO, Aug 10 (Reuters) – Canadian home buyers are shifting to fixed-rate mortgages at the fastest pace in a year, on bets that … Read more

Canada’s labor market sheds jobs for the second month in a row

A help wanted sign at a store along Queen Street West in Toronto Ontario, Canada June 10, 2022. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register OTTAWA, Aug 5 (Reuters) – Canada’s economy unexpectedly lost jobs for the second month in a row in July after a year-long boom, while the unemployment … Read more

Analysis: World’s biggest bond markets back in vogue as recession fears mount

Global indices are displayed on a screen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 19, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register LONDON, July 29 (Reuters) – One day you’re out and the next day you’re in: the world’s … Read more

US economy contracts in Q1; outlook murky as unsold goods accumulate

First-quarter GDP declines at 1.6% rate Consumer spending growth decreased; inventories raised Business spending on equipment revised higher WASHINGTON, June 29 (Reuters) – The US economy contracted slightly more than previously estimated in the first quarter as the trade deficit widened to a record high and a resurgence in COVID-19 infections curbed spending on services … Read more

Meta posts first-ever revenue drop as inflation throttles ad sales

Facebook’s new rebrand logo Meta is seen on smartphone in front of displayed logo of Facebook, Messenger, Intagram, Whatsapp, Oculus in this illustration picture taken October 28, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register July 27 (Reuters) – Meta Platforms Inc (META.O) issued a gloomy forecast after recording its first … Read more

Microsoft soothes market fears with forecast for strong revenue growth

A Microsoft logo is seen in Los Angeles, California US November 7, 2017. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register July 26 (Reuters) – Microsoft Corp (MSFT.O) on Tuesday forecast revenue this fiscal year would grow by double digits, driven by demand for cloud computing services and sending shares up 5%. … Read more