Russia gas flow lifts euro ahead of ECB rate meeting

Russia gas flow lifts euro ahead of ECB rate meeting

Resumption in Russia gas flows lifts euro ECB set to hike rates by at least 25 basis points ECB rate decision due at 1215 GMT US crude oil prices trade below $ 100 a barrel LONDON, July 21 (Reuters) – Stock markets eased on Thursday as a resumption of Russian gas supplies to Europe lifted … Read more

US existing home sales slide again; prices hit fresh record high

US existing home sales slide again;  prices hit fresh record high

NEW YORK, July 20 (Reuters) – US existing home sales fell for a fifth straight month in June to the lowest level in two years, as fast-rising interest rates and record-high selling prices make buying a home too expensive for a growing share of American households. Mortgage interest rates have soared as a result of … Read more

The hike is (almost) here! Now for what comes next: Five questions for the ECB

The hike is (almost) here!  Now for what comes next: Five questions for the ECB

The headquarters of European Central Bank (ECB) is photographed n Frankfurt, Germany, January 14, 2021. REUTERS / Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register LONDON, July 18 (Reuters) – The European Central Bank is set to deliver its first interest-rate hike since 2011 this week, yet markets are already fast-forwarding to … Read more

Stocks climb, euro inches higher in big week for markets

Stocks climb, euro inches higher in big week for markets

LONDON, July 18 (Reuters) – World equity markets got off to a solid start on Monday and the euro pulled away from parity as market participants scaled back bets on the Federal Reserve interest rate hike next week and on optimism spurred by central bank pledges to support China’s economy. US stock futures were up … Read more

US weekly jobless claims hit 8-month high; labor market still tight

US weekly jobless claims hit 8-month high;  labor market still tight

Weekly jobless claims increase 9,000 to 244,000 Continuing claims fall 41,000 to 1,331 million Producer price index increases 1.1% in June Core producer prices rise 0.3%; up 6.4% year-on-year WASHINGTON, July 14 (Reuters) – The number of Americans filing new claims for unemployment benefits increased to an eight-month high last week, suggesting some cooling in … Read more

S&P 500, Dow close lower after bank earnings, inflation data

S&P 500, Dow close lower after bank earnings, inflation data

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, July 13, 2022. REUTERS / Brendan McDermid Register now for FREE unlimited access to Reuters.com Register JPMorgan, Morgan Stanley report profit miss PPI surges more than expected in June Conagra Brands falls on downbeat forecast Dow down 0.46%, … Read more

Euro battles parity pressure ahead of US inflation data

Euro battles parity pressure ahead of US inflation data

LONDON, July 13 (Reuters) – Stocks slipped on Wednesday and the euro lurked just above parity against the dollar, as traders waited to see if US inflation data later bolsters the case for another supersized Federal Reserve interest rate hike this month. Recession worries meant Europe’s bourses were stumbling again after a relatively steady session … Read more

Brent crude settles below $ 100 / bbl on higher dollar, weak demand outlook

Brent crude settles below $ 100 / bbl on higher dollar, weak demand outlook

Pump jacks operate at sunset in an oil field in Midland, Texas US August 22, 2018. REUTERS / Nick Oxford Register now for FREE unlimited access to Reuters.com Register Brent and WTI fall by more than $ 7 a barrel Analysts: Recession fears, China COVID curbs hurt oil Dollar strengthens, stock markets fall IEA: Russia … Read more

US labor market powers ahead with strong job gains despite recession fears

US labor market powers ahead with strong job gains despite recession fears

Nonfarm payrolls increase 372,000 in June Private sector employment back above pre-pandemic level Unemployment rate holds steady at 3.6% Average hourly earnings rise 0.3%; up 5.1% year-on-year WASHINGTON, July 8 (Reuters) – US employers hired far more workers than expected in June and continued to raise wages at a steady clip, signs of persistent labor … Read more

US labor market starts to cool as weekly jobless claims rise, layoffs arise

US labor market starts to cool as weekly jobless claims rise, layoffs arise

Weekly jobless claims increase 4,000 to 235,000 Continuing claims advance 51,000 to 1,375 million Announced job cuts jump 57% to 32,517 in June Trade deficit narrows 1.3% to $ 85.5 billion in May WASHINGTON, July 7 (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly rose last week and there are … Read more