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BusinessFx Solutions Will Be a Key Leverage for Businesses Against a Volatile Pound
FinancePortugal’s Quarterly Growth Accelerates, Consumption Defies Inflation
Top StoriesDollar Climbs Ahead of Busy Week for Central Banks
FinanceJapan Unveils $200 Billion in New Spending to Ease Inflation Pain
French Economy Ekes Out Meagre Growth in Q3, Inflation Hits Record High
Date: October 28, 2022
By Richard Lough PARIS (Reuters) – France’s economy eked out meagre growth in the third quarter as household spending stagnated and a sharp jump in inflation in October signalled headwinds looming in the final quarter of the year. France’s economy grew 0.2% in the July-September period, in line with market expectations, preliminary data from the...
Japan Unveils $200 Billion in New Spending to Ease Inflation Pain
Date: October 28, 2022
By Leika Kihara and Daniel Leussink TOKYO (Reuters) -Japan said on Friday it would spend $200 billion on an economic stimulus package meant to tame inflation and cushion the economic blow from rising raw material costs. The government’s announcement came hours after the central kept interest rates ultra-low, a double-barrelled signal that Tokyo will continue...
Strictly Come Inflation: The Fed, ECB and BoE’s Delicate Dance
Date: October 26, 2022
By David Storm, Chief Investment Officer at RBC Wealth Management The strain on financial markets caused by rate hikes – Should central banks slow down? Central banks are playing catch up with inflation and when you do anything at high speed, the potential for accidents increases. Financial markets have also been racing to catch up,...
Bank of England to Hike by 75 Bps on Nov. 3 but May Go Bigger – Reuters Poll
Date: October 25, 2022
By Jonathan Cable LONDON (Reuters) – Whether the Bank of England delivers a 75-basis-point increase in interest rates on Nov. 3 or goes for an even bigger lift to tamp down double-digit inflation is a close call among economists polled by Reuters over the past week. Rising borrowing costs are part of a cost of...
Dollar Shakes Off Suspected Japan Intervention; Stocks Brace for Earnings
Date: October 24, 2022
By Chris Prentice and Amanda Cooper WASHINGTON/LONDON (Reuters) -U.S. shares were mixed on Monday as European markets were lifted by hopes that U.S. interest rates could rise more slowly than previously thought and the dollar weathered another suspected Japanese intervention to rise against the yen. The Dow Jones Industrial Average rose 133.17 points, or 0.43%,...
Political Chaos Tips British Firms Into Deeper Slide – PMIs
Date: October 24, 2022
LONDON (Reuters) -British businesses are suffering their worst month since January 2021, when they were under a COVID-19 lockdown, as the country’s political upheavals compound concerns about inflation and rising interest rates, a survey showed on Monday. The S&P Global/CIPS flash Composite Purchasing Managers’ Index (PMI) showed a contraction in activity for a third month...