Weekly claims for unemployment benefits in the United States hit a five-month low; darkening of the economic picture

Weekly claims for unemployment benefits drop from 16,000 to 193,000 Continuing receivables decreased from 29,000 to 1,347 million Second quarter GDP contraction not revised at the rate of 0.6%. Gross domestic income revised downwards towards GDP WASHINGTON, Sept. 29 (Reuters) – The number of Americans filing new jobless claims last week has fallen to a … Read more

The door slams on the Fed’s “put” as the pain of the market takes a back seat to the fight against inflation

WASHINGTON, Sept. 28 (Reuters) – In the month since Federal Reserve Chairman Jerome Powell established a hard line on inflation, stocks have taken double-digit losses, opened gulfs in global currency markets, and safer US government debt yields have it has risen to its highest levels since the dark days of the financial crisis nearly a … Read more

Equities exceed 2020 lows, Bank of England steps in to calm UK bond market

Stocks cut some losses, British gilts roar higher The Bank of England says it will enter the bond market The pound rises higher in volatile trading LONDON, Sept. 28 (Reuters) – Global equities hit a two-year low on Wednesday, after the Bank of England said it will enter the bond market to stem a damaging … Read more

The IMF and Moody’s censor British policy that has sparked market turmoil

The IMF “does not recommend” policies such as the UK growth plan Moody’s: economic plan is ‘negative growth’ Pound traded 0.5% lower to $ 1.0681 Bond strategists warn that the market is almost non-negotiable LONDON, Sept. 28 (Reuters) – The International Monetary Fund and rating agency Moody’s have stepped up pressure on Britain to reverse … Read more

Fed officials stare bear markets, say inflation is the focus of attention

Register now for FREE unlimited access to Reuters.com Sign in WASHINGTON, Sept. 26 (Reuters) – US Federal Reserve officials on Monday dismissed increasing volatility in global markets, from plummeting US equities to foreign currency turmoil, and said their priority remains domestic inflation control. . “There are interactions there,” Cleveland Fed Chairman Loretta Mester said, noting … Read more

Reversing the collapse of confidence in the UK requires a U-turn of policy: economists

LONDON, Sept. 27 (Reuters) – Investor confidence in Britain will only recover if Finance Minister Kwasi Kwarteng cancels the economic plan that sparked such turmoil in financial markets, leading economists, investors and banks warned Tuesday. The pound hit an all-time low of $ 1.0327 on Monday and British government bonds sold at a ferocious pace … Read more

The Bank of England “will not hesitate” to act as it monitors market turmoil

The pound briefly hit an all-time low against the dollar Five-year gilts match Friday’s record daily drop 2- and 5-year debt yields up 100 bps in 2 days The finance minister to detail the tax plans on 23 November BoE monitors developments “closely” LONDON, 26 Sept. (Reuters) – The Bank of England said Monday it … Read more

Morning Deal: Unstable Cable | Reuters

US dollar banknotes can be seen in this illustrative photo taken on June 14, 2022. REUTERS / Florence Lo / Illustration Register now for FREE unlimited access to Reuters.com Sign in A look at the day ahead in the US and global markets from Mike Dolan. Britain’s gamble to stimulate growth with unfunded tax cuts … Read more

Japan warns against speculative moves on the yen, markets are wary of further intervention

Japanese Finance Minister Shunichi Suzuki speaks at a press conference after Japan intervened in the currency market for the first time since 1998 to support the battered yen in Tokyo, Japan on September 22, 2022. REUTERS / Kim Kyung-Hoon / file Photo Register now for FREE unlimited access to Reuters.com Sign in Deeply concerned about … Read more

In China, homebuyers occupy their “decaying” and unfinished properties

GUILIN, China, Sept. 26 (Reuters) – For six months, Ms. Xu’s home was a room in a high-rise apartment in the southern Chinese city of Guilin, which she bought three years ago, attracted by brochures about it. they advertised the river view and clean city air. His living conditions, however, are far from those promised: … Read more