Investors bet on ‘joy postponed’ with a BoE cut in December
Policymakers voted 5-4 to keep rates at 4% Analysts had expected a 6-3 split in favour of no…
Morning Bid: Selloff abates as economy hums, layoffs rise
Nov 6 – What matters in U.S. and global markets today By Mike Dolan, opens new tab, Editor-At-Large,…
World Economic Forum chief warns of three possible ‘bubbles’ in global economy
SAO PAULO, Nov 5 (Reuters) – The world should watch out for three possible bubbles in financial markets,…
Subdued Philippine inflation leaves door open for December rate cut
Inflation below central bank’s target for eighth month Below target inflation could allow for rate cut in December…
UK savers pulling cash from pensions ahead of budget, money managers say
Item 1 of 2 People carrying British Union Jack flag themed umbrellas walk past the Houses of Parliament…
Bank of Japan debated growing case for rate hike, September minutes show
One member saw need to hold to avoid surprising markets Another saw timing ripe for hike from Japan…
US economy at risk of wobble as lower-income consumers get squeezed
Rising costs, job market outlook could stress households Government shutdown may impact food benefits, healthcare costs Fed monitors…
Asian stocks rise on AI sentiment, dollar near 3-month high
Asia stocks hover near highest since February 2021 Dollar firms after hawkish tilt from some Fed policymakers Earnings…
Australia’s home prices surge by most in over two years in October
SYDNEY, Nov 3 (Reuters) – Australian home prices jumped by the most in more than two years in…
Bessent says high US interest rates may have caused housing recession
Item 1 of 2 A “For Sale” sign stands in front of a house, on the North Shore…
Canada’s GDP contracts in August, might avoid a recession in third quarter
August GDP drops by 0.3%, September growth likely to be 0.1% Both services and goods sectors contracted, StatsCan…
China factory activity stumbles as export orders dry up
China’s manufacturing PMI remains below growth threshold at 49.0 Non-manufacturing PMI rises to 50.1 from 50.0 in September…