Category: Economy

ECB, Fed rate cut hopes lift global stocks, sterling sags

WallStreetReview
ECB, Fed rate cut hopes lift global stocks, sterling sags
TOKYO (Reuters) – Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new prime minister Boris Johnson would lead Britain into a no-deal exit from the European Union. FILE PHOTO: Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October... Read More

Hopes of ECB, Fed rate cuts boost global stocks, British pound sags

WallStreetReview
Hopes of ECB, Fed rate cuts boost global stocks, British pound sags
TOKYO (Reuters) – Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new prime minister Boris Johnson would lead Britain into a no-deal exit from the European Union. FILE PHOTO: Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October... Read More

Hopes of ECB, Fed rate cuts boost stocks, British pound sags

WallStreetReview
Hopes of ECB, Fed rate cuts boost stocks, British pound sags
TOKYO (Reuters) – Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new prime minister Boris Johnson would lead Britain into a no-deal exit from the European Union. FILE PHOTO: Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October... Read More

Take it easy: central bank U-turns loosen financial conditions

WallStreetReview
Take it easy: central bank U-turns loosen financial conditions
(Reuters) – Rate cut bets and rallying equity and bond markets are feeding into a gradual loosening of financial market conditions that could potentially send world growth ticking higher by the end of the year, a closely watched index suggests. U.S. Dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzalez/Illustration Financial conditions are crucial... Read More

China second quarter GDP growth slows to 27-year low as trade war bites, more stimulus seen

WallStreetReview
China second quarter GDP growth slows to 27-year low as trade war bites, more stimulus seen
BEIJING (Reuters) – China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. FILE PHOTO: Workers are seen at a production line manufacturing tyres at a factory in Nantong, Jiangsu province, China April 28, 2019. REUTERS/Stringer/File Photo... Read More

China second quarter GDP growth slows to 27-year low, more stimulus expected

WallStreetReview
China second quarter GDP growth slows to 27-year low, more stimulus expected
BEIJING (Reuters) – China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. FILE PHOTO: Workers are seen at a production line manufacturing tyres at a factory in Nantong, Jiangsu province, China April 28, 2019. REUTERS/Stringer/File Photo... Read More

Instant View: China second quarter GDP rises 6.2% year-on-year, slowest in at least 27 years

WallStreetReview
Instant View: China second quarter GDP rises 6.2% year-on-year, slowest in at least 27 years
BEIJING (Reuters) – China’s second-quarter economic growth slowed to its weakest pace in at least 27 years, in line with expectations, as demand at home and abroad cooled in the face of a bruising trade war with the United States. FILE PHOTO: Workers are seen at a construction site in Beijing’s central business area, China January 18, 2019. REUTERS/Jason Lee/File... Read More

China’s June exports, imports fall as trade war takes heavier toll

WallStreetReview
China’s June exports, imports fall as trade war takes heavier toll
BEIJING (Reuters) – China’s exports fell in June as the United States ramped up trade pressure, while imports shrank more than expected, pointing to further weakness in the world’s second-largest economy and slackening global growth. FILE PHOTO: Workers stand at the port of Qingdao, Shandong province, China June 10, 2019. REUTERS/Stringer The gloomy trade readings added to a string of... Read More