Morning Bid: The waiting is over … almost
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors in Asia are bracing for a day of potential high drama and volatility on Wednesday…
Economy
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Economic impact of floods in Spain could rise to over 10 billion euros
By Jesús Aguado MADRID (Reuters) -Damages to businesses in towns hit by floods in eastern Spain could rise to over 10 billion euros, with banks loan exposure to the area…
Bank of Canada members do not see need for interest rate to be as restrictive, minutes show
OTTAWA, Nov 5 (Reuters) – The Bank of Canada’s governing council felt its key borrowing cost was not needed to be as restrictive ahead of its Oct. 23 decision to…
Malaysia central bank set to manage market volatility, monitoring US election
By Yantoultra Ngui SINGAPORE (Reuters) – Malaysia’s central bank, Bank Negara Malaysia (BNM), is closely monitoring the U.S presidential election and was prepared to manage market volatility and ensure orderly…
Hedge funds perform better with Democrats in White House, HFR data shows
By Nell Mackenzie LONDON (Reuters) – Hedge fund performance, on average, is better when the U.S. president is a Democrat, data from research firm HFR showed on Tuesday, as U.S.…
Brazil continues high-level talks on spending control measures
BRASILIA (Reuters) – Brazil’s government continued high-level discussions on Tuesday towards the announcement of anticipated spending control measures seen as crucial for sustaining fiscal rules, though it has not disclosed…
Column-Will the Fed really ‘lose control’ of the bond market?: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) – When Federal Reserve Chair Jerome Powell and his colleagues meet this week to discuss their next interest rate move, they’ll face a much…
US green power demand expected to grow regardless of election outcome
By Jacob Gronholt-Pedersen and Stine Jacobsen COPENHAGEN (Reuters) -Demand for green power in the United States will grow regardless of who is the country’s next president, major players in the…
Bank of Spain says lower rates to have limited impact on banks’ profitability
MADRID (Reuters) – The negative effect of lower interest rates on Spanish banks’ profitability should be limited and at least partly offset by rising loan volumes, the Bank of Spain…
Romanian macroeconomic indicators and interest rate forecasts: Reuters poll
BUCHAREST (Reuters) – The median forecast of a Reuters poll of analysts puts Romanian inflation at 4.4% year-on-year at the end of October, down from September’s 4.62%. Analysts expect inflation…