Britain’s fiscal retreat causes stocks and the pound to rebound

Britain eliminates a small part of the tax plan; lightened markets The Reserve Bank of Australia surprises with a small increase high VIX; The Credit Suisse stock slide points to the nerves below SYDNEY, Oct 4 (Reuters) – Asian equities rebounded Tuesday after Britain scrapped parts of a controversial tax cut plan, temporarily improving global … Read more

US production almost slows down; reduction of price pressures

The manufacturing PMI fell 1.9 points to 50.9 in September New orders, employment measures contract Price pressures in factories, easing of supply bottlenecks Spending on construction fell by 0.7% in August WASHINGTON, Oct.3 (Reuters) – U.S. manufacturing activity grew at the slowest pace in nearly 2.5 years in September, as new orders contracted amid the … Read more

World industrial activity weakens due to global slowdown, cost pressures

The activity of factories in the euro zone further declined in September British manufacturing production fell for the third consecutive month Japan’s September PMI marks the weakest growth since January last year Manufacturing activity shrinks in Taiwan, Malaysia LONDON / TOKYO, Oct 3 (Reuters) – Global industrial production mostly weakened in September as slowing demand … Read more

Credit Suisse shares slide despite moves to allay investor concerns

Credit Suisse is hit by market turmoil before the renewal The shares fell as much as 10% in early Monday trading The bank’s euro-denominated bonds hit historic lows The Swiss bank claims that its capital, liquidity is strong ZURICH, Oct 3 (Reuters) – Shares of Credit Suisse (CSGN.S) slid as much as 10% on Monday, … Read more

UK Truss makes a U-turn on taxes after a week of market turmoil

Truss had defended politics on Sunday Quarteng now says it was a distraction U-turn made with ‘humility and contrition’ – Kwarteng Cutting the higher tax rate was a small part of the master plan Markets concerned about how to finance the plan BIRMINGHAM, England, Oct.3 (Reuters) – British Prime Minister Liz Truss was forced into … Read more

Stampede, targeting Indonesia’s football game kills 174, championship suspended

The East Java stadium disaster apparently worst since 1964 About 180 injured in the stampede of the crowd The Indonesian football federation suspends the league to investigate Police say they fired tear gas to control the crowd MALANG, Indonesia, Oct. 2 (Reuters) – At least 174 people were killed and 180 injured in a stampede … Read more

US investors brace for more unbridled market rotations after the dizzying third quarter

NEW YORK, Sept. 30 (Reuters) – In a year of sharp market swings, the third quarter of 2022 was a time when events took a truly extraordinary turn. As the Federal Reserve stepped up its monetary policy tightening to tame the worst inflation in decades, US Treasury yields jumped to their highest levels in a … Read more

Consumer spending in the US rebounds, but high inflation erodes demand

Consumer spending increased by 0.4% in August Personal income increases by 0.3%; savings rate stable at 3.5% Core PCE price index rises by 0.6%; up 4.9% year on year WASHINGTON, Sept. 30 (Reuters) – U.S. consumer spending rose more-than-expected in August, but the Federal Reserve’s aggressive rate hikes as it battles stubbornly high inflation are … Read more

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