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BankingFor Central Bankers, Tighter Financial Conditions May Be an Ally
Top StoriesLess Growth, More Inflation for German Economy in 2022 -Ifo
Top StoriesThe Baltic States Want More Nato. They Won’t Get All They Seek
Top StoriesEuro Zone Trade Deficit Almost Doubles in April
Swiss Cut Economic Growth Forecasts, Citing War Risks and Inflation
Date: June 15, 2022
By John Revill ZURICH (Reuters) -Switzerland became the latest country to downgrade its economic growth forecasts on Wednesday, with the government warning risks stemming from the war in Ukraine and food and energy inflation have increased. The Swiss economy is expected to expand by 2.6% in 2022, the State Secretariat for Economic Affairs (SECO) said,...
European Smartphone Market Falls 12% in Q1, Counterpoint Says
Date: June 15, 2022
STOCKHOLM (Reuters) – The European smartphone market declined by 12% in the first quarter of the year, registering the lowest shipments in the period for nearly a decade, according to a report from Counterpoint Research. The fall was a result of ongoing component shortages, COVID-19 related lockdowns in China, deteriorating economic conditions and the onset...
Analysis: For Central Bankers, Tighter Financial Conditions May Be an Ally
Date: June 15, 2022
By Tommy Wilkes and Dhara Ranasinghe LONDON (Reuters) – Slumping stocks and surging bond yields are rapidly crimping global financial conditions, yet given their effect on dampening economic growth and eventually inflation, the moves might be welcomed by the Federal Reserve and other central banks. Financial conditions is the umbrella phrase for how metrics such...
China’s Factories Perk Up, but Frail Consumption Points to Weak Economic Recovery
Date: June 15, 2022
By Kevin Yao and Ellen Zhang BEIJING (Reuters) -China’s economy showed signs of recovery in May after slumping in the prior month as industrial production rose unexpectedly, but consumption was still weak and underlined the challenge for policymakers amid the persistent drag from strict COVID curbs. The data, however, provides a path to revitalise growth...
Weekly Economic Update: Doom and Gloom
Date: June 14, 2022
By Rupert Thompson, Investment Strategist at Kingswood Equity markets sold off significantly last week with global equities down 3.7% in local currency terms. The US posted the largest decline with a fall of 5%, while China bucked the trend with a gain of 5%. Global equities by week-end had reversed almost all of their bounce...
Ukraine and Russia: What You Need to Know Right Now
Date: June 14, 2022
(Reuters) – Ukraine said its forces were still holding out inside Sievierodonetsk and trying to evacuate civilians, after Russia destroyed the last bridge to the devastated eastern city in a potential turning point in one of the war’s bloodiest battles. FIGHTING * Russia’s Defence Ministry said it had offered Ukrainian fighters sheltering in the Azot...