US job market in spotlight as weekly jobless claims hit 4-month high

Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York, U.S., September 3, 2021. REUTERS/Andrew Kelly Join now for FREE unlimited access to Register Weekly jobless claims increase from 21,000 to 218,000 Continuing claims drop 25,000 to 1.317 million Mid-Atlantic factory activity slows … Read more

Stock market rebound falters, UK inflation hits 40-year high

LONDON, May 18 (Reuters) – A rebound in equities petered out on Wednesday as concerns over the outlook for economic growth and rising inflation rattled sentiment, while a British inflation reading of 9 % highlighted just how much interest rates could rise. Asian stocks managed to post their fourth consecutive session of gains, but in … Read more

Stocks rally even as growth and inflation fears persist

Pristine prices are displayed on the stock quotation boards of the Tokyo Stock Exchange (TSE) after the TSE temporarily suspended all trading due to system problems in Tokyo, Japan October 1, 2020. REUTERS/Issei Kato/Files Join now for FREE unlimited access to Register LONDON, May 17 (Reuters) – Global stocks rallied on Tuesday on optimism … Read more

Analysis: The pain of food inflation puts emerging markets between a rock and a hard place

Food accounts for 40% of IPC baskets in low-income countries UN food price index hits record high in February and March More governments choose to introduce support measures Risk of social unrest is rising over food, fuel prices are rising LONDON/ISTANBUL/CAIRO, May 17 (Reuters) – Like millions of people in developing and emerging countries around … Read more

Stock markets struggle as fears over the economy grow

LONDON, May 16 (Reuters) – European stocks fell on Monday and Wall Street was poised to open lower as investor sentiment struggled to recover from last week’s sell-off on fears. a slowdown in economic growth. Global stocks hit their lowest point in 18 months last week as investors worried that raising interest rates to counter … Read more

Shanghai aims to return to normal on June 1 as COVID lockdown hits economy

Shanghai aims to lift COVID lockdown on June 1 City residents frustrated with changing schedules China’s retail sales and industrial production plummet in April SHANGHAI/BEIJING, May 16 (Reuters) – Shanghai on Monday outlined plans for ending a painful COVID-19 lockdown that lasted more than six weeks, which has severely battered the Chinese economy, and returning … Read more

“Moles in the dark”: survival and escape from the Mariupol steel plant

ZAPORIZHZHIA, Ukraine, May 13 (Reuters) – Five stories below the besieged Azovstal steelworks, Ukrainian soldiers told Nataliya Babeush she had minutes to prepare to escape from the underground bunker she called home for more than two months. The 35-year-old grabbed just over a handful of children’s drawings: a few sketches of flowers and food that … Read more

Wall Street Week Ahead: Signs of market bottoms elude investors after strong selling

‘Stock Exchange’ is seen above an entrance to the New York Stock Exchange (NYSE) on Wall St. in New York, U.S., March 29, 2021. REUTERS/Brendan McDermid Join now for FREE unlimited access to Register NEW YORK, May 13 (Reuters) – Investors are watching a range of indicators for how far a sharp drop in … Read more

Global stocks climb to 18-month low, but markets watch for recession

S&P futures up 1.13%, European stocks gain 0.96% MSCI Asia excluding Japan +1.8%, Nikkei +2.64% Concerns about inflation and policy tightening remain Dollar swings near 20-year highs on safe-haven demand LONDON/SHANGHAI, May 13 (Reuters) – Global stocks rose from 18-month lows a day earlier and the dollar fell from 20-year highs on Friday, although investors … Read more

The US labor market continues to tighten; moderate increases in producer prices

An ‘Apply Now’ sign sits outside the new Faccia Brutta Bar Pallino seeking to hire employees on Newbury Street in Boston, Massachusetts, U.S., April 27, 2022. REUTERS/Brian Snyder Join now for FREE unlimited access to Register Weekly jobless claims rise by 1,000 to 203,000 Continuing claims drop 44,000 to 1.343 million Producer prices increase … Read more