China’s factory service polls suggest the economy is struggling to recover

China September Official manufacturing PMI above forecasts A private survey shows a sharp decline in factory activity Business growth in the service sector slowed in September – official survey Covid slows down, the weakening of foreign demand, the weakness of real estate weigh BEIJING, Sept. 30 (Reuters) – China’s industrial activity posted strong growth in … Read more

Weekly claims for unemployment benefits in the United States hit a five-month low; darkening of the economic picture

Weekly claims for unemployment benefits drop from 16,000 to 193,000 Continuing receivables decreased from 29,000 to 1,347 million Second quarter GDP contraction not revised at the rate of 0.6%. Gross domestic income revised downwards towards GDP WASHINGTON, Sept. 29 (Reuters) – The number of Americans filing new jobless claims last week has fallen to a … Read more

The defeat of the UK market is fueling fears of contagion around the world

NEW YORK / LONDON, Sept. 28 (Reuters) – The scale and speed of the sell-off in British assets has rocked world markets, raising concern about contagion as chaos in a large developed economy adds to the distress already generated. by sharp hikes in interest rates from in the United States and elsewhere. After Friday’s UK … Read more

The door slams on the Fed’s “put” as the pain of the market takes a back seat to the fight against inflation

WASHINGTON, Sept. 28 (Reuters) – In the month since Federal Reserve Chairman Jerome Powell established a hard line on inflation, stocks have taken double-digit losses, opened gulfs in global currency markets, and safer US government debt yields have it has risen to its highest levels since the dark days of the financial crisis nearly a … Read more

The UK housing market could face a perfect storm with rising mortgage rates and falling house prices

New Mortgage Rates Now Listed at 5% -6% Millions of homeowners could be overloaded HSBC sees a 7.5% drop in home prices over the next year LONDON, Sept. 28 (Reuters) – A surge in borrowing costs and a likely slowdown in economic growth threaten to trigger a sell-off in the UK housing market with consequences … Read more

The IMF and Moody’s censor British policy that has sparked market turmoil

The IMF “does not recommend” policies such as the UK growth plan Moody’s: economic plan is ‘negative growth’ Pound traded 0.5% lower to $ 1.0681 Bond strategists warn that the market is almost non-negotiable LONDON, Sept. 28 (Reuters) – The International Monetary Fund and rating agency Moody’s have stepped up pressure on Britain to reverse … Read more

The Bank of England observes the market turmoil, “will not hesitate” to act

Register now for FREE unlimited access to Sign in The pound briefly hit an all-time low against the dollar Gilts continue to collapse The finance minister details the tax plans on November 19 23 BoE monitors developments “closely” LONDON, Sept. 26 (Reuters) – The Bank of England said Monday it will not hesitate to … Read more

Analysis: Britain’s new vision leaves viewers with nightmares

British Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng visit Berkeley Modular, Northfleet, Kent, Great Britain, 23 September 2022. REUTERS / Dylan Martinez / Pool Register now for FREE unlimited access to Sign in LONDON, Sept. 23 (Reuters) – Britain’s new economic agenda represents the biggest gamble for the growth of … Read more

The US job market is resilient as signs of recession strengthen

Weekly claims for unemployment benefits increase from 5,000 to 213,000 Continuous requests drop from 22,000 to 1,379 million WASHINGTON, Sept. 22 (Reuters) – The number of Americans filing new jobless claims increased moderately last week, indicating the labor market remains tight despite the Federal Reserve’s attempt to cool demand with aggressive hikes. interest rates. The … Read more

Central banks raise rates again as the Fed leads the fight against global inflation

Rates increased from Britain to Indonesia after the Fed’s move Investors are pricing in larger hikes from the ECB Japan intervenes as the yen plummets Emerging market currencies under pressure FRANKFURT / WASHINGTON, Sept. 22 (Reuters) – Global central banks continued to raise interest rates on Thursday as the U.S. Federal Reserve struggled with inflation … Read more