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 […]

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 […]

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 British house prices rose in September at the fastest annual pace since November 2022, according to data from mortgage lender Halifax, as expectations of further reductions in borrowing costs added to momentum in the property sector. Halifax figures on Monday showed annual property prices increased by 4.7. That was up from […]

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 […]

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 […]