Wall Street futures slip as markets reprice rate path ahead of busy week
(Reuters) – U.S. stock index futures slipped on Monday as investors dialed back bets on the scope of the Federal Reserve rate cuts this year, ahead of key inflation data,…
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Equinor buys 9.8% stake in Orsted valued at $2.5 billion
OSLO (Reuters) – Norway’s Equinor said on Monday it has bought a 9.8% stake in Danish renewable energy group Orsted (CSE:ORSTED) valued at around $2.5 billion, making it the second…
Too early to call a burst in China property buying a recovery, analysts say
By Casey Hall and Clare Jim SHANGHAI (Reuters) – Property sales soared in some Chinese cities during the week-long National Day holiday after a slew of stimulus was unveiled to…
Upcoming inflation data unlikely to stand in the way of Fed rate cuts, UBS says
Investing.com – The release of the consumer price index (CPI) data for September on Thursday is expected to show that price pressures continued to moderate at the end of the third…
Debt service burden forcing poor to make tough choices, UN official says
HAMBURG, Germany (Reuters) -Many of the world’s poorest countries are having to cut other investment in order to service debts, United Nations Development Programme administrator Achim Steiner said on Monday.…
US stock futures lower; CPI and earnings ahead this week – what’s moving markets
Investing.com — US stock futures edge lower following a Friday spike on Wall Street that was fueled by a strong jobs report. Markets are now gearing up for fresh inflation data…
Japan PM Ishiba rules out hike in capital gains tax
TOKYO (Reuters) – Japanese Prime Minister Shigeru Ishiba said on Monday he had no plan for now to consider raising the country’s tax on income from investments. “At present, I…
Goldman Sachs cuts odds of US recession to 15% after upbeat jobs report
Investing.com — Goldman Sachs strategists have cut their 12-month recession probability by 5 percentage points to 15%, aligning with the historical unconditional average. This revision comes after the September employment…
Many firms see excessive yen falls as undesirable, says BOJ official
By Leika Kihara TOKYO (Reuters) -Many companies in western Japan saw excessive yen declines as undesirable, Kazushige Kamiyama, the Bank of Japan’s Osaka branch manager, said on Monday. “Quite a…
BOJ highlights broadening wage, price gains but warns of risks
By Leika Kihara TOKYO (Reuters) -The Bank of Japan said broadening wage hikes were underpinning consumption and prodding more firms in regional areas to pass on rising labour costs, signalling…