ECO

Wall St Week Ahead Stocks typically rally in December, investors tread cautiously this year

Wall St Week Ahead Stocks typically rally in December, investors tread cautiously this year

NEW YORK, Nov 25 (Reuters) – Investors hoping the end of the year will bring stock market gains after a trying year have history on their side as U.S. stocks traditionally rally in December, but many remain skeptical of the forecasts of a rise. The S&P 500 gained an average of 1.6% in December, the …

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US weekly jobless claims at 3-month high;  resilient capital expenditure

US weekly jobless claims at 3-month high; resilient capital expenditure

Weekly jobless claims increase from 17,000 to 240,000 Continuing claims rise by 48,000 to 1.551 million Core capital goods orders rebound 0.7% in October Shipments of basic capital goods jump 1.3% WASHINGTON, Nov 23 (Reuters) – The number of Americans filing new claims for unemployment benefits hit a three-month high last week amid rising tech …

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Stocks turn ahead of Fed minutes as oil falls on price cap plan

Stocks turn ahead of Fed minutes as oil falls on price cap plan

Fed Minutes for November at 7:00 p.m. GMT American Thanksgiving holiday on Thursday Stocks post weak gains globally Eurozone economic data point to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global stocks rebounded on Wednesday ahead of minutes of a Federal Reserve meeting that could shed light on whether the …

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The Italian government approves the 2023 budget with 35 billion euros to revive the economy

The Italian government approves the 2023 budget with 35 billion euros to revive the economy

Budget finds more than 21 billion euros to bring energy bills under control Taxes additional profits of energy companies at 35% Includes amnesty on tax arrears, reduction of retirement age Relaunches the bridge project linking Sicily to the mainland ROME, Nov 22 (Reuters) – Italy’s new right-wing government on Tuesday approved its first budget, a …

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Asian stocks, oil prices skid on China COVID outbreaks

Asian stocks, oil prices skid on China COVID outbreaks

https://tmsnrt.rs/2zpUAr4 Chinese stocks skid as Beijing coronavirus cases rise Dollar and bonds firm ahead of Fed minutes Oil prices fall again after losing 10% last week SYDNEY, Nov 21 (Reuters) – Asian stock markets and oil prices fell on Monday as investors worried about the economic fallout from new COVID-19 restrictions in China, with resulting …

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NY Fed: Bank liquidity could be tighter than expected, with policy implications

NY Fed: Bank liquidity could be tighter than expected, with policy implications

Nov 18 (Reuters) – The way the banking system manages its cash suggests the financial system may not be as bountiful as many now believe, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a document from the Federal Reserve Bank of New York announced on Friday. …

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Asian stocks mixed on Fed warning, China hopes

Cautious stocks, US yield curve deep in recession territory

https://tmsnrt.rs/2zpUAr4 Markets choppy after Fed rate warnings Most inverted U.S. yield curve since 1981 The dollar is selling again, but off the lows of the week SYDNEY, Nov 18 (Reuters) – Asian stocks were in a cautious mood on Friday after U.S. Federal Reserve officials fired more warning shots on interest rates amid rising coronavirus …

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The Fed will raise rates by 50 basis points, but the key rate could be higher

The Fed will raise rates by 50 basis points, but the key rate could be higher

BENGALURU, Nov 18 (Reuters) – The Federal Reserve will downgrade in December to propose a 50 basis point interest rate hike, but economists polled by Reuters say a longer period of U.S. central bank tightening and a higher policy rate peak are the biggest risks to the current outlook. U.S. consumer price inflation unexpectedly fell …

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