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U.S. retail sales flat on gasoline price drop; consumer spending resilient

People shop for clothes at a Target retail chain in Westbury, New York, U.S., May 20, 2021. REUTERS/Shannon Stapleton/File Photo Register now for FREE unlimited access to Reuters.com Register Retail sales unchanged in July; June sales revised down Gasoline, motor vehicles account for flat sales Core retail sales increase 0.8% WASHINGTON, Aug 17 (Reuters) – …

U.S. retail sales flat on gasoline price drop; consumer spending resilient Read More »

U.S. housing starts near 1-1/2-year low; factory output rebounds

Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – U.S. homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the …

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Stocks drift, dollar firms as growth fears stifle sentiment

European stocks edge up 0.3% on defensive names Markets overall subdued amid China, U.S. growth fears Dollar gains as investors seek safety LONDON, Aug 16 (Reuters) – European stocks crept sluggishly higher on Tuesday as investors sought safety in defensive names, while risk aversion likewise lifted the safe haven dollar following weak Chinese and U.S. …

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Asia shares mixed, China cuts rates as data disappoints

FILE PHOTO – People pass by an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei edges up, S&P 500 futures dip PBOC cuts key rates, China data badly miss forecasts Eyes on …

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China unexpectedly cuts 2 key rates, withdraws cash from banking system

Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 15 (Reuters) – China’s central bank unexpectedly cut a key interest rate for the second time this year and withdrew some cash from …

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Troubled UK economy rides out Jubilee disruption, but recession looms

Bank holidays for queen’s jubilee hit UK GDP in June Output falls 0.6% in June vs forecasts for 1.3% drop UK’s Zahawi says data show resilience, economists see recession LONDON, Aug 12 (Reuters) – Britain’s economy contracted by less than feared in June, when public holidays had been expected to exert a big drag, although …

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Hope for smaller rate rises to lift Wall Street, oil gains

LONDON, Aug 11 (Reuters) – Wall Street headed for another day of gains on Thursday as investors banked on peaking inflation persuading central banks to dial back on their anticipated interest rate hikes in September. The prospect of less aggressive tightening in borrowing costs sent the dollar lower, while oil prices rallied after the International …

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Fed officials say more rate hikes needed, despite slowing inflation

The Federal Reserve building is pictured in Washington, D.C., U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo Register now for FREE unlimited access to Reuters.com Register Kashkari sticks to his view of 3.9% fed funds rate at end-2022 Evans sees 3.4% policy rate this year Both push back on market expectation for rate cuts next year …

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Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 8, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Fed now seen delivering 50 bps hike in September U.S. consumer price growth slows in July Musk sells Tesla shares worth $6.9 …

Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb Read More »