MCE

Stocks gain, shrugging off latest policymaker inflation concerns

Stocks gain, shrugging off latest policymaker inflation concerns

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, March 7, 2022. REUTERS/ Kim Kyung Hoon Register now for FREE unlimited access to Reuters.com register LONDON, Aug 18 (Reuters) – …

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Oil rises on US crude stocks data, tight supply outlook

An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol Register now for FREE unlimited access to Reuters.com register US crude stocks fall by over 7 million barrels Russian supply set to be sharply curbed by EU sanctions Russia sees energy export revenue rising nearly 40% …

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Pricey pencils, paper: US teachers get schooled in inflation

NEW YORK, Aug 17 (Reuters) – Teachers face a harsh lesson as inflation drives up the cost of everything from paper to pencils before the school year begins, leading some to cut back on supplies – or substitute with cheaper items. “If you ask any teacher, Ticonderoga pencils are it,” said Kristina Eisenhower, 35, an …

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Pace of future Fed hikes depends on data, no evidence inflation subsiding, July minutes show

The Federal Reserve Board building on Constitution Avenue is pictured in Washington, US, March 27, 2019. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com register WASHINGTON, Aug 17 (Reuters) – Federal Reserve officials said last month that the pace of future interest rate increases would hinge on incoming data, with some saying …

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US retail sales flat on gasoline price drop; consumer spending resilient

People shop for clothes at a Target retail chain in Westbury, New York, US, May 20, 2021. REUTERS/Shannon Stapleton/File Photo Register now for FREE unlimited access to Reuters.com register retail sales unchanged in July; June sales revised down Gasoline, motor vehicles account for flat sales Core retail sales increase 0.8% WASHINGTON, Aug 17 (Reuters) – …

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China takes steps to support some property developers, boost demand in economy

Surveillance cameras are seen near residential buildings under construction in Shanghai, China July 20, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com register HONG KONG, Aug 16 (Reuters) – China will guarantee new onshore bond issues by a few select private developers to support its embattled property sector, sources said on Tuesday, …

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Analysis: China central bank, under pressure to ease, is hemmed-in by inflation, Fed jitters

Economic recovery looking increasingly shaky PBOC seen easing further in response – policy insiders PBOC likely to lower key lending rate next week to spur demand Imminent RRR cut seen unlikely due to ample cash in economy PBOC has limited room to ease due to concerns over inflation, capital flight BEIJING, Aug 17 (Reuters) – …

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The disappointing economic backdrop to China’s policy dilemma

Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee Register now for FREE unlimited access to Reuters.com register Aug 16 (Reuters) – China’s central bank cut its interest rates on Monday for the second time this year, but analysts suspect it will do …

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US housing starts near 1-1/2-year low; factory output rebounds

Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – US homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the …

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Investors no longer ‘apocalyptically bearish’, Bank of America poll says

LONDON, Aug 16 (Reuters) – Investors are still bearish but no longer “apocalyptically” so, according to Bank of America’s (BofA) monthly survey of global fund managers in August, as hopes rise inflation and interest rates shocks will end in the coming quarters BofA, which polled investors overseeing $836 billion in assets between Aug. 5-11, said …

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