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Top StoriesAnalysis: Russians Feel Little Economic Pain Now, Long-Term Outlook Darkens
Top StoriesEuro Zone Sentiment Barely Changed in May, Inflation Expectations Ease
Top StoriesSwedish Economy Shrinks as Pandemic and War Pinch Exports
Top StoriesShanghai to Lift ‘unreasonable’ Curbs on Firms, Beijing Eases Restrictions
UK Household Support Package Will Have ‘minimal Impact’ on Inflation – Sunak
Date: May 27, 2022
By William James and David Milliken LONDON (Reuters) -British finance minister Rishi Sunak said on Friday his new 15 billion pound ($19 billion) cost-of-living support package would have an impact of less than 1 percentage point on inflation. Sunak had been under heavy political pressure to act to alleviate the biggest squeeze on households’ disposable...
Shares Steady and Yields Drop on Fed Minutes Relief
Date: May 26, 2022
By Danilo Masoni MILAN (Reuters) – World stock markets broadly stabilised on Thursday and bond yields eased as no hawkish surprises from the latest U.S. Federal Reserve minutes helped soothe immediate worries over the impact of rate hikes on economic growth. The account of the Fed’s May meeting showed a majority backed rate hikes of...
Global Firms Warn of Sluggish China Demand Due to Lengthy Covid Curbs
Date: May 26, 2022
By Josh Ye and Jane Lanhee Lee (Reuters) – Two months into harsh COVID-19 lockdowns that have choked global supply chains, China’s economy is staggering back to its feet, but businesses from retailers to chipmakers are warning of slow sales as consumers in the country slam the brakes on spending. Car sales in the world’s...
Oil Stocks Lift European Shares as Growth Worries Persist
Date: May 26, 2022
By Susan Mathew (Reuters) -European markets were modestly higher on Thursday, bolstered by energy shares and the U.S. Federal Reserve sticking to script about monetary tightening, with sentiment fragile on lingering worries about slowing economic growth. The pan-European STOXX 600 index rose 0.2% by 0840 GMT, extending gains to a second day. Gains were largely...
Italy Business and Consumer Morale Rise in May but Manufacturing Still Downbeat
Date: May 26, 2022
ROME, May 26 (Reuters) – Morale amongst Italian businesses and consumers rose in May, data showed on Thursday, with service industries regaining confidence despite the ongoing war in Ukraine while manufacturers remained downbeat. National statistics institute ISTAT’s manufacturing confidence index fell to 109.3 in May from 109.9 in April, but still came in slightly above...
German Economy Dodges Recession as War, Pandemic Weigh
Date: May 25, 2022
BERLIN (Reuters) -The German economy grew slightly in the first quarter from the previous one, data showed, with higher investments offset by the twin impacts of war in Ukraine and COVID-19 that experts predicted would weigh more heavily in the three months to June. Europe’s largest economy grew an adjusted 0.2% quarter on quarter and...