European stocks skid on gloomy business activity data, commodity weakness

European stocks skid on gloomy business activity data, commodity weakness

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 22, 2022. REUTERS / Staff Register now for FREE unlimited access to Reuters.com Register STOXX 600 on pace to confirm bear market European miners at six-month lows Aroundtown slumps after JPMorgan downgrade Norway central bank hikes by 50 … Read more

Analysis: Record numbers of Chinese graduates enter worst job market in decades

Analysis: Record numbers of Chinese graduates enter worst job market in decades

10.8 mln Chinese graduates to enter job market in weak economy Youth unemployment at 18.4%, 3 times higher than overall rate Graduates’ jobs a top government priority amid stability risks BEIJING, June 23 (Reuters)-Jenny Bai was among 10 high-performing computer science students from different Chinese universities selected by a Beijing-based internet firm for a job … Read more

Get cracking with phasing out remaining Libor, UK watchdog says

Signage for Britain’s Financial Conduct Authority (FCA) regulator is seen at its head office in London, Britain, March 10, 2022. REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register LONDON, June 22 (Reuters) – The financial sector should not bet on remaining deadlines changing for the phasing out of the use of Libor … Read more

BOJ policymakers warned of economic harm from excess yen moves at April meet

Some BOJ members warned of damage from excess FX moves – minutes One member said weak yen good for Japan’s economy – minutes Board divided over chance of overshoot in inflation outlook BOJ strengthened commitment to keep rates low at April meeting Govt spokesperson says rapid FX moves undesirable TOKYO, June 22 (Reuters) – Some … Read more

Fed’s Bullard: I hope US economy repeats outcome of 1994’s soft landing

St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS / Edgar Su / File Photo Register now for FREE unlimited access to Reuters.com Register June 20 (Reuters) – The US Federal Reserve could raise interest rates swiftly this year and forge a “stellar” economy ahead … Read more

London’s FTSE 100 rises on boost from financial, energy stocks

A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. REUTERS/Suzanne Plunkett Register now for FREE unlimited access to Reuters.com Register FTSE 100 up 1.5%, FTSE 250 adds 0.5% Kingspan sees drop in May, June orders; shares slump Euromoney jumps on $ 2 bln possible … Read more

Market positioning suggests more pain for equities despite the route, Bank of America says

A trader walks by the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. REUTERS / Andrew Kelly Register now for FREE unlimited access to Reuters.com Register LONDON, June 17 (Reuters) – A market trends indicator by BofA Securities fell to zero for the first time since the pandemic-induced mayhem … Read more

Stocks eye steepest slide since 2020 as central bankers roil markets

BOJ an outlier as leading central banks raise rates Investors’ recession fears grow US stocks set to bounce; S&P 500 seen up 0.9% LONDON, June 17 (Reuters) – World stocks headed for their worst week since markets’ pandemic meltdown in March 2020 as leading central banks doubled down on tighter policy in an effort to … Read more

The US lab market appears to be cool; homebuilding slumps as rates surge

The “Now hiring” sign is displayed on the window of an IN-N-OUT fast food restaurant in Encinitas, California, US, May 9, 2022. REUTERS / Mike Blake / File Photo Register now for FREE unlimited access to Reuters.com Register Weekly jobless claims fall from 3,000 to 229,000 Continuing claims rise from 3,000 to 1,312 million Housing … Read more

China steps up fixed-asset investment to steady COVID-hit economy

A labouer walks at a construction site in Beijing, China July 20, 2017. Picture taken July 20, 2017. REUTERS / Jason Lee Register now for FREE unlimited access to Reuters.com Register BEIJING, June 16 (Reuters) – China’s state planner said on Thursday it had approved 10 fixed-asset investments worth 121 billion yuan ($ 18.1 billion) … Read more