US consumer spending, underlying inflation slow in May

US consumer spending, underlying inflation slow in May

Consumer spending increases 0.2% in May Inflation adjusted consumers spending drops 0.4% Core PCE price index rises 0.3%; up 4.7% year-on-year Weekly jobless claims fall 2,000 to 231,000 WASHINGTON, June 30 (Reuters) – US consumer spending rose less than expected in May as motor vehicles remained scarce while higher prices forced cutbacks on purchases of … Read more

World stocks in red as consumers signal recession ahead

World stocks in red as consumers signal recession ahead

LONDON/TOKYO, June 29 (Reuters) – Global stock markets slipped for the second straight day on Wednesday and bond yields inched lower on growing fears that policymakers bent on dampening inflation will tip their economies into recession. A succession of weak data releases in Europe and the United States has not prevented central bankers from doubling … Read more

Crypto’s latest meltdown leaves punters bruised and bewildered

Crypto's latest meltdown leaves punters bruised and bewildered

LONDON/MUMBAI/ANKARA, June 21 (Reuters) – For Jeremy Fong, US crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way. “I was probably earning $100 a week,” at sites like Celsius, said Fong, a 29-year civil aerospace worker who … Read more

Oil steadies as recession worry offsets higher demand outlook

Oil steadies as recession worry offsets higher demand outlook

IMF Managing Director says cannot rule recession out US gasoline demand set to climb as driving season approaches White House weighs tapping emergency diesel reserve Shanghai aims to normalize life from June 1 HOUSTON, May 23 (Reuters) – Oil prices were little changed on Monday, as worries over a possible recession offset an outlook for … Read more

Asia stocks struggle after say China data

Asia stocks struggle after say China data

Traders are seen in front of a screen with trading figures in red at Thailand Stock Exchange building in Bangkok, Thailand March 13, 2020. REUTERS/Juarawee Kittisilpa/Files Register now for FREE unlimited access to Reuters.com Register Asian stock markets: China retail sales dive 11.1%, output drops 2.9% Nikkei pares gains, S&P 500 futures turn lower Dollar … Read more

Global shares fall on fears of global economic slowdown

Global shares fall on fears of global economic slowdown

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 12, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register World stocks drop to 1-1/2 yr low, down almost 20% YTD Europe down over 2%, US equity futures struggle Dollar hits 2yr highs, accelerates … Read more

Shares churn, close down; yields fall after US inflation data

Shares churn, close down;  yields fall after US inflation data

NEW YORK, May 11 (Reuters) – Wall Street stocks closed sharply lower and Treasury yields fell in Wednesday’s volatile session as oil prices rallied and worried investors about the potential for an economic slowdown. US equity indexes hadtraded higher and lower during the volatile session as investors picked through US inflation data for clues about … Read more

Stocks see slight recovery but negative outlook persists

Stocks see slight recovery but negative outlook persists

A woman wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, looks at an electronic board displaying Japan’s Nikkei index outside a brokerage in Tokyo, Japan, March 7, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register LONDON, May 10 (Reuters) – European stock indexes opened higher on Tuesday, with risk … Read more

Wall Street closes with sharp gains after Fed’s interest rate hike

Wall Street closes with sharp gains after Fed's interest rate hike

Dow up 2.81%, S&P 500 up 2.99%, Nasdaq up 3.19% Lyft plummets on concerns about ridership and spending May 4 (Reuters) – US stocks ended sharply higher on Wednesday after the Federal Reserve delivered a widely expected interest-rate hike, and the S&P 500 recorded its biggest one-day percentage gain in nearly a year. Stocks initially … Read more

Stocks rise, US yields slip as markets await Fed rate hike

Stocks rise, US yields slip as markets await Fed rate hike

NEW YORK/MILAN, May 3 (Reuters) – A gauge of global equity markets edged higher on Tuesday while 10-year US Treasury yields slide from the 3% level as investors remained cautious, expecting the Federal Reserve to hike rates by the most in a single day since 2000 to curb inflation. Feeding inflation worries, data showed US … Read more