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Top StoriesGerman Business Morale Rises in May on Buoyant Services Sector
Top StoriesAsia Stocks Stifled by Inflation, China Concerns
BankingRate of Bank Loan Defaults Set to Rise Across the Eurozone, While Growth in Lending Slows From the Pandemic Peak
Top StoriesEuropean Shares Rally as China Stimulus Lifts Recovery Hopes
Shares Slide on Fresh Signs of Slowing Growth, Yields Fall
Date: May 19, 2022
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – Global equity markets skidded further on Thursday as fresh signs of slowing growth led investors to sell stocks and move into safe-haven assets such as government debt and the Swiss franc, poised for its biggest one-day gain in more than six-years. Supply chain woes continued...
Euro Zone Swings to a Rare Current Account Deficit in March
Date: May 19, 2022
FRANKFURT (Reuters) – The euro zone recorded its first current account deficit in a decade in March on a small trade deficit and an outflow of secondary incomes, or transfers between residents and non-residents, European Central Bank data showed on Thursday. The bloc of 19 countries sharing the euro recorded a current account deficit of...
Some in Shanghai Allowed Out to Shop; End of Covid Lockdown in Sight
Date: May 19, 2022
By Brenda Goh SHANGHAI/BEIJING (Reuters) – More Shanghai residents were given the freedom to go out to shop for groceries for the first time in nearly two months on Thursday as authorities set out more plans for exiting the city-wide COVID-19 lockdown more fully. The commercial hub of 25 million recorded no new infections outside...
Spain’s Economy Could Grow Around 4% in 2022, Central Bank Says
Date: May 18, 2022
By Jesús Aguado and Emma Pinedo MADRID (Reuters) -The Spanish economy could grow around 4% in 2022, half a percentage point less than expected in April, as rising inflation hurts consumer confidence and international trade slows, the Bank of Spain said on Wednesday. The lower envisaged growth rate would bring it in line with the...
Morgan Stanley Sees Ukraine GDP Slump by 60% in 2022 if “no Clear Resolution”
Date: May 18, 2022
LONDON (Reuters) – Morgan Stanley said on Wednesday Ukraine’s economy could slump as much as 60% year-on-year in 2022 in case of a “more prolonged conflict with no clear resolution” following Russia’s invasion. The bank considers this would be the worst case scenario, which included Ukraine losing access to the Black Sea in the south....
Portugal’s Central Bank Opens Its Vaults for Rare Glimpse of Gold Bars
Date: May 18, 2022
By Sergio Goncalves and Pedro Nunes LISBON (Reuters) – Portugal’s central bank has opened up its heavily guarded vaults in a small commuter town near Lisbon, giving a rare glimpse of where some of the country’s gold reserves are kept. The 67,000 square metre compound in Carregado houses an ultra-secure vault where 45% the Bank...