Oct 8 Reuters German industrial production rose more than expected in August thanks to an increase in production in the automotive industry. Production increased by 2.9 in August compared to the previous month, the federal statistics office said on Tuesday. Analysts polled by Reuters had predicted a 0.8 rise. Production in the automotive industry is […]

LONDON, Oct 8 Reuters The British pound drifted near more than threeweek lows against the dollar on Tuesday as investors assessed geopolitical risks in the Middle East and the next steps in the Bank of England39;s easing cycle. Sterling tumbled last week after BoE Governor Andrew Bailey was quoted as saying the central bank might […]

Oct 7 Reuters Global money market funds attracted large inflows in the week to Oct. 2 as investor caution ahead of a key U.S. payrolls report and heightened geopolitical tensions in the Middle East boosted demand for safer assets. Investors bought money market funds worth a net 23.21 billion during the week, following a massive 98.19 billion […]

ATHENS, Oct 7 Reuters The Greek government is forecasting economic growth of 2.3 in 2025, outperforming Europe39;s major economies, thanks to strong tourism revenues, robust consumer spending and investment, a 2025 draft budget showed on Monday. Greece, which is still recovering from a debt crisis that nearly saw the country drop out of the euro […]

Oct 7 Reuters J.P.Morgan and BofA Global Research have joined a growing rank of major brokerages that expect the U.S. Federal Reserve to reduce interest rates by 25 basis points in November. BofA and J.P.Morgan have reduced their estimate to 25 bps from 50 bps after the blowout U.S. nonfarm payrolls data on Friday pointed to a […]

BERLIN, Oct 7 Reuters The German economy is expected to contract by 0.2 in 2024, an economy ministry spokesperson said on Monday, confirming an earlier report in the Sueddeutsche Zeitung newspaper. The government is cutting its forecast to an inflationadjusted contraction from a previous projection of 0.3 growth this year. This will be the second […]

OSLO, Oct 7 Reuters Norway39;s minority government said on Monday it plans to raise spending in 2025 from the country39;s 1.8 trillion sovereign wealth fund to pay for public expenses, with elections for parliament due in September of next year. The government of Labour and the Centre Party proposed withdrawing 460.1 billion Norwegian crowns 43.1 […]

London, Oct 7 Reuters The uptrend in demand for metals such as copper used in electric vehicles is intact despite doubts raised by the slowdown in EV sales, but estimating numbers is difficult as the market is evolving, commodity trader IXM39;s head of refined metal said. Sales of electric vehicles have slowed for reasons including […]

BOJ raises economic view for 2 of Japan39;s 9 regions Wage hikes among younger generation underpinning consumption Many firms see need to keep hiking wages next year report Firms in western Japan see excessive yen falls as problematic Western Japan firms bracing for China slowdown to persist TOKYO, Oct 7 Reuters The Bank of Japan […]

BERLIN, Oct 7 Reuters Investor morale in the euro zone unexpectedly rose in October after three consecutive months of decline, boosted by rising expectations even as dissatisfaction with the current situation hit a new low this year, a survey showed on Monday. The Sentix index for the euro zone rose to 13.8 in October from […]