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France cuts 2024 growth forecast as outlook darkens
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Germany likely in recession, Bundesbank says
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England’s NHS to trim main healthcare wait list ahead of election
Swedish January inflation up as expected, rate cut set for mid-year
Date: February 19, 2024
Swedish January inflation up as expected, rate cut set for mid-year By Simon Johnson STOCKHOLM (Reuters) – Headline Swedish inflation picked up pace as expected in January, data showed on Monday, and if the increase proves temporary it is unlikely to derail the central bank’s plans to begin cutting interest rates in mid-year. Consumer prices...
Dollar stands firm as sticky US inflation dents rate cut expectations
Date: February 19, 2024
Dollar stands firm as sticky US inflation dents rate cut expectations By Ankur Banerjee SINGAPORE (Reuters) -The dollar was steady on Monday after data last week showing U.S. inflation remained sticky cast doubts on when the Federal Reserve would start its easing cycle, while the yen remained languished near the psychologically key 150 per dollar...
Asia shares sputter as China returns with low energy
Date: February 19, 2024
Asia shares sputter as China returns with low energy By Wayne Cole SYDNEY (Reuters) -Asian shares struggled to make much ground on Monday as fading chances for early rate cuts globally soured the mood and Chinese markets returned from holiday with only muted gains. A holiday for U.S. markets also made for thin trading, while...
Westpac sees monetary policy ‘less restrictive’ over next year, Q1 profit drops
Date: February 19, 2024
Westpac sees monetary policy ‘less restrictive’ over next year, Q1 profit drops By Echha Jain (Reuters) -Westpac Banking Corp said it sees scope for monetary policy in Australia to become less restrictive within the next year, while reporting a drop in its first-quarter unaudited net profit versus the prior six-months’ quarterly average. Westpac’s shares were...
Spanish conservatives retain majority in Galicia regional vote
Date: February 19, 2024
Spanish conservatives retain majority in Galicia regional vote MADRID (Reuters) -Spain’s opposition conservative People’s Party retained its absolute majority in its stronghold in the northwest region of Galicia on Sunday in a close-run regional election. The PP won 40 seats in the 75-seat regional assembly, the electoral board said with over 98% of votes counted....
UK shoppers pick up their spending, signalling quick end to recession
Date: February 16, 2024
UK shoppers pick up their spending, signalling quick end to recession By Suban Abdulla LONDON (Reuters) -British retail sales jumped by the most in almost three years in January as consumers recovered their appetite for spending, suggesting the economy could emerge quickly from its recession in the second half of last year. Sales volumes increased...