Analysis: Easing COVID-19 rules, growth focus aid China bulls’ cautious return

A woman walks by an electronic display showing the Shenzhen and Hang Seng stock indexes, in Shanghai, China, September 24, 2021. REUTERS / Aly Song Register now for FREE unlimited access to Reuters.com Register June draws China stocks’ best foreign inflows for 2022 Onshore markets bounce 20% from lows; hedge funds pare losses Broad policy … Read more

Analysis: Markets challenge Fed timeline, threatening more swings in Treasuries

A trader works, as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE) in New York City, US May 4, 2022. REUTERS / Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 29 (Reuters) – Bond traders … Read more

China’s May industrial profits slump again despite easing COVID curbs

BEIJING, June 27 (Reuters) – Profits at China’s industrial firms shrank at a slower pace in May following a sharp fall in April, as activity in major manufacturing hubs resumed, but COVID-19 restrictions still weigh on factory production and squeezed factory margins. Profits fell 6.5% from a year earlier, less than the 8.5% decline in … Read more

US recession fears darken outlook for global growth

WASHINGTON / LONDON / TOKYO, June 23 (Reuters) – Manufacturing growth is slowing worldwide as China’s COVID-19 curbs and Russia’s invasion of Ukraine disrupt supply chains and keep inflation at the highest in years, while the growing risk of a US recession poses a new threat to the global economy. Gauges of factory activity released … Read more

Analysis: Record numbers of Chinese graduates enter worst job market in decades

10.8 mln Chinese graduates to enter job market in weak economy Youth unemployment at 18.4%, 3 times higher than overall rate Graduates’ jobs a top government priority amid stability risks BEIJING, June 23 (Reuters) – Jenny Bai was among 10 high-performing computer science students from different Chinese universities selected by a Beijing-based internet firm for … Read more

WTO strikes global trade deals deep into overtime

Deals reached on food, health and fishing Formerly defiant India joins consensus Package seen boosting credibility of WTO GENEVA, June 17 (Reuters) – The World Trade Organization’s 164 members approved a series of trade agreements early on Friday that included commitments on fish and pledges on health and food security after more than five grueling … Read more

BOJ maintains ultra-low rates, warns it is closely watching yen moves

BOJ keeps interest rate targets unchanged, as expected BOJ says watching impact of FX moves on economy No change to dovish policy guidance BOJ Gov Kuroda to brief media 0630 GMT TOKYO, June 17 (Reuters) – The Bank of Japan maintained ultra-low interest rates on Friday and its guidance to keep borrowing costs at “present … Read more

Swiss National Bank raises rates in shock move, ready for more

The building of the Swiss National Bank (SNB) is pictured in Bern, Switzerland June 16, 2022. REUTERS / Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register SNB hikes rates for first time since 2007 Chairman says franc is no longer highly valued Safe-haven franc surges after decision Economists surprised by move, expect … Read more

Analysis: Investors brace for recession, more market turmoil after Fed’s supersized hike

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, DC, US, June 14, 2022. REUTERS / Sarah Silbiger Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 16 (Reuters) – Investors’ faith in a soft landing for the US economy is being heavily tested, as a … Read more

Yen falls to lowest level since 1998 as US yields march higher

HONG KONG, June 13 (Reuters) – The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove US Treasury yields higher. The dollar rose as high as 135.22 yen, its highest since October 1998, having … Read more