FRANKFURT, July 26 Reuters Euro zone consumers stopped reducing their inflation expectations in June after four consecutive monthly falls, a European Central Bank survey showed on Friday. The ECB39;s Consumer Expectations Survey is one input that central bankers from the euro zone39;s 20 countries use to gauge whether the public has faith in their ability […]

North Korea 2023 GDP seen 3.1, fastest growth in seven years Economy rebounds on eased COVID restrictions, favourable weather conditions Growth rate likely temporary; trade with China, Russia eyed SEOUL, July 26 Reuters North Korea39;s economy grew sharply in 2023 after shrinking for three straight years as trade with China increased after COVID19 pandemic border […]

July 26 Reuters U.S. Federal Reserve policymakers on Friday got fresh evidence of progress on inflation, fueling expectations they will use their meeting next week to signal they could start cutting borrowing costs in September. The personal consumption expenditures PCE price index edged up just 0.1 last month, the Commerce Department39;s Bureau of Economic Analysis reported. That […]

June personal consumption expenditures price index up 0.1 PCE inflation increases 2.5 yearonyear Core PCE price index gains 0.2; up 2.6 yearonyear Consumer spending climbs 0.3; income rises 0.2 WASHINGTON, July 26 Reuters U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an […]

China repurposes some debt for consumer goods tradein scheme Move marks small shift in how Beijing thinks about stimulus Programme limited in scale and marred by 39;inefficiencies39; economists BEIJING, July 26 Reuters China39;s use of ultralong treasury bonds to fund a consumer goods tradein programme deviates from the usual playbook of boosting investment to support […]

SHANGHAI, July 26 Reuters China39;s latest series of rate cuts show the central bank39;s monetary framework has changed, analysts said, with the shortterm repo rate becoming the primary signal and a diminished role for its mediumterm lending facility MLF. CONTEXT The People39;s Bank of China PBOC surprised markets this week by first cutting several key rates including loan prime […]

RIO DE JANEIRO, July 25 Reuters Japan has urged its G20 peers to be increasingly vigilant to excessive foreign exchange rate fluctuations driven by speculation, Tokyo39;s top currency diplomat Masato Kanda said on Thursday. Speaking at a press conference at the G20 finance ministers and central bank governors meeting in Rio de Janeiro, Kanda said […]

Germany39;s stuck in a crisis Ifo Climate in French services worst since 2021 FRANKFURTBERLIN, July 25 Reuters Companies in the euro zone39;s two largest economies are growing more pessimistic, surveys showed on Thursday, raising concerns over the bloc39;s already sluggish recovery. The euro zone has struggled to hold on to a postpandemic economic rebound led […]

July 25 Reuters British manufacturers39; expectations for price rises in the next few months fell to their lowest since late 2020 and they ramped up forecasts for output too, a survey from the Confederation of British Industry showed on Thursday. The CBI39;s gauge of average prices for the next three months dropped to 2 from […]

SHANGHAI, July 25 Reuters China39;s central bank surprised markets for a second time this week by conducting an unscheduled lending operation on Thursday at steeply lower rates, suggesting authorities are trying to provide heavier monetary stimulus to prop up the economy. The mediumterm lending facility MLF operation comes after the central bank cut several benchmark lending […]