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Euro zone current account surplus widens in June | HI-99 | 99.9 FM | The Wabash Valley's Country Station
11+ hour, 7+ min ago (116+ words) FRANKFURT, Aug 19 (Reuters) – The euro zone’s current account surplus widened in June due to higher primary income, which includes flows such as dividends, wages and direct investment, European Central Bank data showed on Wednesday. The combined current account surplus of…...
South African inflation cools for first time in five months
11+ hour, 7+ min ago (224+ words) JOHANNESBURG, Aug 19 (Reuters) – South Africa’s inflation rate slowed for the first time in five months in July, partly due to a steep drop in fuel costs, but analysts said it could soon climb again as renewed U.S.-Iran hostilities…...
US yields edge lower despite Iran worries, broader sell-off
1+ day, 3+ hour ago (369+ words) WASHINGTON, Aug 18 (Reuters) – U.S. yields backed off earlier highs on Tuesday after two straight upward trading sessions, switching directions amid a global bond selloff that saw long-term borrowing costs in major economies edge toward their highest levels in decades. The…...
Indian July consumer inflation likely edged higher on food prices: Reuters poll
1+ week, 4+ day ago (369+ words) BENGALURU, Aug 7 (Reuters) – Indian consumer inflation likely rose in July, notching a second consecutive month above the RBI’s 4% medium-term target, as food prices edged higher, a Reuters poll showed. Uneven rainfall across the country this year has hampered agricultural output,…...
US manufacturing activity hits more than four-year high; input prices elevated
2+ week, 2+ day ago (655+ words) WASHINGTON, Aug 3 (Reuters) – U.S. manufacturing activity increased to the highest level in more than four years in July amid strong order growth, boosting factory employment, though the conflict in the Middle East is straining supply chains and keeping input costs…...
Australia inflation undershoots forecasts, markets pare RBA hike bets
3+ week, 18+ hour ago (477+ words) SYDNEY, July 29 (Reuters) – Australian consumer prices rose at a slower pace in the June quarter as fuel costs eased from peaks, while core inflation undershot forecasts and lessened pressure for a further hike in interest rates. The Australian dollar fell…...
Dollar steady ahead of Fed decision; Aussie falls after inflation data
3+ week, 19+ hour ago (385+ words) SINGAPORE, July 29 (Reuters) – The U.S. dollar held near a one-month high on Wednesday as hostilities flared anew in the Middle East, while traders awaited a key Federal Reserve interest rate decision later in the day. The Australian dollar slid after…...
US stocks face tests from Fed decision, tech-led earnings deluge
3+ week, 5+ day ago (730+ words) NEW YORK, July 24 (Reuters) – A wobbly U.S. stock market will take its cues in the coming week from a Federal Reserve meeting set to shed light on the path for interest rates, and from a packed slate of corporate earnings…...
Australia jobs blow past expectations in June, cements bets of another rate rise
3+ week, 6+ day ago (478+ words) SYDNEY, July 23 (Reuters) – Australian employment surged past all expectations in June, data showed on Thursday, in a sign of economic resilience that had markets wagering another hike in interest rates would be needed to restrain inflation. The upbeat data sent…...
Trump orders tightening of defense supply-chain waiver rules
4+ week, 2+ day ago (415+ words) WASHINGTON, July 20 (Reuters) – President Donald Trump on Monday signed an executive order making it harder for U.S. defense contractors to obtain waivers allowing them to buy critical minerals and other materials from China and other prohibited foreign suppliers, the administration’s…...