Tuesday, 27 Oct 2020

Economy

COLUMN-Central banks' eye on inequality makes QE uncomfortable: Mike Dolan

(The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own) LONDON, Oct 2 (Reuters) – Central banks may not be out of ammunition just yet but parts of their strategic policy rethinks related to inequality and fairness raise questions about the extent they should use it. Ever […]

Japan unemployment rises to 3-year high

TOKYO (REUTERS) – Japan’s jobless rate rose in August to its highest in over three years and job availability fell to a more than six-year low, government data showed on Friday (Oct 2), indicating damage caused by the Covid-19 pandemic persisted through the month. The figures come after new prime minister Yoshihide Suga pledged to […]

GLOBAL MARKETS-Asian markets face mixed open as U.S. stimulus deal remains elusive

WASHINGTON, Oct 2 (Reuters) – Asian markets were set for a mixed opening on Friday, as a U.S. stimulus deal remained out of reach and investors await fresh U.S. employment data for a read on the economic toll from the coronavirus pandemic. U.S. markets kicked off the fourth quarter closing higher on Thursday while the […]

GLOBAL MARKETS-Stimulus hopes ease markets into eventful fourth quarter

* World stocks start quarter higher * Tokyo trading halted by system glitch * Uncertainties over U.S. election cloud outlook (Adds close of European markets) NEW YORK, Oct 1 (Reuters) – Renewed U.S. stimulus hopes lifted gold prices and global equity markets on Thursday, even as an all-day outage on Tokyo’s Nikkei and a Brexit […]

US weekly jobless claims fall but still at recession level; consumer spending solid in August

WASHINGTON (REUTERS) – The number of Americans filing new claims for jobless benefits drifted lower last week, though remaining at recession levels, underscoring the need for another government rescue package for businesses and the unemployed. Initial claims for state unemployment benefits totalled a seasonally adjusted 837,000 for the week ended Sept 26, compared to 873,000 […]

GLOBAL MARKETS-Global shares extend gains on U.S. stimulus hopes, upbeat data

* U.S. stocks extend gains as U.S. stimulus talks progress * Tokyo untraded due to system glitch, China on holiday * Uncertainties over U.S. election cloud outlook * European stocks seen steady to slightly higher * Asian stock markets: tmsnrt.rs/2zpUAr4 (Adds TSE says share trading will be halted all day) TOKYO, Oct 1 (Reuters) – […]

EU companies, losing hope, prepare for no-deal Brexit

FRANKFURT (BLOOMBERG) – It was hard to ignore the sense of foreboding when a group of German executives logged into a remote meeting on Tuesday (Sept 22). Poring over the implications of Brexit at an event organised by the economic council of Chancellor Angela Merkel’s governing party, the topics were familiar in a country that […]

Singapore factory output snaps losing streak, surging 13.7% in August as semiconductors shine

SINGAPORE – Singapore’s manufacturing output rebounded in August, ending a three-month slump, bolstered by strong growth in semiconductor production and a return to growth for the volatile biomedical segment. Factory production grew a surprisingly strong 13.7 per cent compared with the same period a year ago, according to data released by the Economic Development Board (EDB) […]

IMF says global economic outlook amid pandemic better than June prediction

WASHINGTON (AFP) – The global economic outlook is less bleak than projected in June, an International Monetary Fund (IMF) spokesman said on Thursday (Sept 24), hinting that the organisation’s forecasts for growth will be raised next month. “Recent incoming data suggests that the outlook may be somewhat less dire” than projected in the Washington-based crisis […]

Jobless claims up slightly to 870,000 as fraud and backlogs cloud data

WASHINGTON — The number of people seeking U.S. unemployment aid rose slightly last week to 870,000, a historically high figure that shows that the viral pandemic is still squeezing restaurants, airlines, hotels and many other businesses six months after it first erupted. The figure coincides with evidence that some newly laid-off Americans are facing delays […]