Japan’s economy likely rebounded in Q2 with unleashing of consumers: Reuters poll

A cargo ship and containers are seen at an industrial port in Tokyo, Japan, February 15, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register TOKYO, Aug 5 (Reuters) – Japan’s economy likely rebounded in April-June from contraction in the previous quarter thanks to solid consumer spending in face-to-face services no longer … Read more

FOREX Dollar slides as investors turn attention to US jobs data

NEW YORK, Aug 4 (Reuters) – The dollar weakened against most major currencies on Thursday as support from the Federal Reserve’s hawkish messaging subsided and investors turned their attention to a hotly anticipated US jobs report. The dollar extended losses following US data that showed the number of Americans filing new claims for unemployment benefits … Read more

FOREX Dollar slips as before US jobs data as markets digest Fed Hawkishness

Pound and US dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 4 (Reuters) – The dollar eased against most major currencies on Thursday as support from the Federal Reserve’s hawkish messaging subsided a day before hotly anticipated … Read more

US weekly jobless claims increase, but the labor market remains tight

Weekly jobless claims increase from 6,000 to 260,000 Continuing claims rise from 48,000 to 1.416 million Trade deficit shrinks 6.2% to $79.6 billion in June WASHINGTON, Aug 4 (Reuters) – The number of Americans filing new claims for unemployment benefits increased last week, suggesting some softening in the labor market, although overall conditions remain tight. … Read more

German H1 energy use down 3.5% on slower economy, high prices, weather

Power lines are pictured in front of the Weisweiler brown coal power plant of German utility and energy supplier RWE in Weisweiler near the western German city of Aachen, Germany, January 28, 2020. REUTERS/Wolfgang Rattay/File Photo Register now for FREE unlimited access to Reuters.com Register FRANKFURT, Aug 2 (Reuters) – German primary energy consumption fell … Read more

Pakistan imports fall sharply in July, to help rupee stabilize – finance minister

A currency trader counts Pakistani Rupee notes as he prepares an exchange of US dollars in Islamabad, Pakistan December 11, 2017. REUTERS/Caren Firouz/File Photo Register now for FREE unlimited access to Reuters.com Register ISLAMABAD, July 31 (Reuters) – Pakistan imports fell by more than a third in July after a ban on non-essentials, the finance … 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

US goods trade deficit, business spending data may salvage second-quarter GDP

Goods trade deficit drops 5.6% to $98.2 billion in June Wholesale inventories increased 1.9%; retail stocks up 2.0% Core capital goods orders rise 0.5%; shipments gain 0.7% WASHINGTON, July 27 (Reuters) – The US trade deficit in goods narrowed sharply in June as exports surged, while business spending on equipment remained strong, reducing the risk … Read more

Thai economy to improve further in H2 on consumption, tourism – c.bank

June exports +11.1% y/y; current account deficit at $1.9 billion Baht, regional currencies still on weakening trend No evidence of worrying capital movement yet BANGKOK, July 27 (Reuters) – Thailand’s economy improved in June and the momentum should continue into the second half thanks to increased tourism and domestic consumption as the pandemic curbs ease, … Read more

South Korea’s economy likely lost some steam in Q2

BENGALURU, July 22 (Reuters) – South Korea’s economic growth probably slowed a bit in the second quarter as falling exports and soaring import costs hurt private consumption that makes up about half of the economy, a Reuters poll found. Exports in Asia’s fourth-largest economy grew at their slowest pace in over 1-1/2 years in June … Read more