Dollar stumbles as markets reassess their interest rate bets, ECB watched

US dollar banknotes are shown in this illustration taken, February 14, 2022. REUTERS / Dado Ruvic Register now to get free unlimited access to Reuters.com Register US bets on a rate hike slow the path of aggressive Fed tightening Investors look forward to the annual European Central Bank Forum in Sintra The US dollar is … Read more

Stocks dampened inflation expectations due to copper bombardment

S&P futures rise 0.9%, European shares rise 1.5% MSCI global shares eye 2.5% weekly gain Copper falls more than 7% in the week, oil is down 2% German 10-year bond yields fell by 4 basis points LONDON (Reuters) – Global stocks are headed for their first weekly gain in a month, and Wall Street is … Read more

US meets with refineries on high pump prices; No plan yet – sources

US Energy Secretary Jennifer Granholm has expressed interest in a possible lifting of gasoline rules to combat smog to combat high pump prices and backed away from a plan to ban fuel exports during a wide-ranging meeting with refiners, two industry sources said. Thursday. With tensions rising between US President Joe Biden and Big Oil, … Read more

Analysis: Record numbers of Chinese graduates enter the worst job market in decades

10.8 million Chinese graduates to enter the labor market in a weak economy The youth unemployment rate is 18.4%, which is three times higher than the general average Graduate jobs a top priority for the government amid stability risks BEIJING, June 23 (Reuters) – Jenny Bei was among 10 high-performing computer science students from various … Read more

Saudi Crown Prince, Erdogan meets in Turkey with full normalization on the horizon

Ankara halts Khashoggi’s trial to cement ties Official says talks are going slowly on a potential foreign exchange swap line Erdogan faces tough elections with economic tension ANKARA (Reuters) – Saudi Crown Prince Mohammed bin Salman arrived in Turkey for the first time in years on Wednesday for talks with President Recep Tayyip Erdogan aimed … Read more

Thousands walk out in Britain’s biggest rail strike in 30 years as Johnson vows to stay firm

More than 40,000 railway workers have left The government is under pressure due to the cost of living crisis Trade unions say strike could start ‘summer of discontent’ LONDON (Reuters) – Tens of thousands of workers walked out on the first day of Britain’s biggest rail strike in 30 years on Tuesday, as commuters faced … Read more

Wall Street ended but still down for the week as volatility rules

Standard & Poor’s suffers biggest weekly percentage drop since March 2020 Markets are closed on Monday for the Juneteenth holiday The Dow Jones is down 0.13%, the S&P 500 is up 0.22%, the Nasdaq is down 1.43%. (Reuters) – U.S. stocks closed modestly higher on Friday but still suffered their biggest weekly percentage decline in … Read more

Analysis: Investors brace for recession, more market turmoil after Fed’s massive rally

View of the exterior of the Federal Reserve Board Marriner S. Eccles building in Washington, D.C., United States, June 14, 2022. REUTERS/Sarah Silbiger Register now to get free unlimited access to Reuters.com Register NEW YORK (Reuters) – Investors’ faith in a soft landing in the US economy is being severely tested as a massive interest … Read more

Putin said on Friday that the sanctioned Kremlin is depriving Russia’s Davos of its elite

International Economic Forum June 15-18 in St. Petersburg There are no prominent Western figures in the “Russian Davos” because of the sanctions Putin delivers a grand speech June 17, talk to the media – assistant June 14 (Reuters) – Russia has for years hosted world leaders and business giants at its annual economic forum in … Read more

In the “miracle” city of Shenzhen, concerns about China’s economic future

SHENZHEN, China, June 13 (Reuters) – (This story was rewritten on June 12 to make it clear where in the penultimate paragraph) David Fong made his way from a poor village in central China to the booming southern city of Shenzhen as a young man in 1997. Over the next twenty-five years, he worked for … Read more