ECB’s Rehn sees euro area inflation stabilising at 2% during 2025
HELSINKI (Reuters) – The euro area inflation rate will stabilise at the European Central Bank’s 2% target during the course of 2025, Finnish ECB policymaker Olli Rehn said in a…
Investing
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Job openings survey ahead, Powell rate commentary – what’s moving markets
Investing.com — US stock futures drifted lower ahead of a series of crucial economic data releases this week, with job openings and manufacturing figures highlighting the agenda on Tuesday. Markets were…
Goldman Sachs still sees two 25bps cuts this year after Powell remarks
Investing.com — Following Federal Reserve Chair Jerome Powell’s latest speech, Goldman Sachs strategists reiterated their expectation for two more 25 basis point (bp) rate cuts in 2024 from the central…
Factbox-Over 1.6 million US customers still without power from Hurricane Helene
(Reuters) – Over 1.6 million homes and businesses in the Carolinas, Georgia, Florida and other U.S. Southeastern and Midwestern states were still without power on Monday after Helene slammed into…
Sri Lanka to discuss shape of IMF deal during Oct meetings in Washington
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka will have detailed talks with the IMF on the framework of a $2.9 billion bailout programme on the sidelines of the lender’s…
Indonesia’s Sept annual inflation at 1.84%, lower than expected
JAKARTA (Reuters) – Indonesia’s annual inflation rate came below expectation at 1.84% in September, official data showed on Tuesday, easing from 2.12% in August and firmly within the central bank’s…
Morning Bid: Milder inflation seen setting up rate cuts
A look at the day ahead in European and global markets from Tom Westbrook European inflation figures are due on Tuesday and the risk is to the downside, which will…
Asia’s factory activity hit by global uncertainty, focus on China stimulus
By Leika Kihara TOKYO (Reuters) – Asia’s factory activity weakened in September as soft Chinese demand and global economic uncertainty pointed to a challenging outlook, private surveys showed, keeping policymakers…
China new home prices manage tiny uptick again in September, private survey shows
BEIJING (Reuters) – Prices of new homes in China rose slightly in September, traditionally a peak season for house hunting, a private survey showed on Tuesday, extending months of feeble…
Asian stocks ease, dollar firms as traders ponder US rates
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks eased near two-and-half-year highs on Tuesday and the U.S. dollar firmed following hawkish comments from Federal Reserve Chair Jerome Powell that scuppered…