Indian shares set to open higher as US recession fears ease

BENGALURU, Jan 27 (Reuters) – Indian shares are set to open higher on Friday benefiting from a broader risk-on sentiment after stronger-than-expected US economic growth data eased concerns of a recession, while investors remained watchful ahead of release of the federal budget and central bank meetings due next week. India’s NSE stock futures listed on … Read more

Strong US economic growth expected in fourth quarter, outlook darkening

Fourth-quarter GDP forecast to increase at a 2.6% rate Strong consumer spending seen; other sectors to contribute Weekly jobless claims expected to rise moderately WASHINGTON, Jan 26 (Reuters) – The US economy likely maintained a strong pace of growth in the fourth quarter as consumers boosted spending on goods, but momentum appears to have slowed … Read more

Wall Street totters after mixed earnings, trade halt glitch

SEC investigating NYSE opening bell glitch 3M slides on downbeat Q1 forecast J&J falls on sales warning; GE down on weak profit view Microsoft to report quarterly earnings after market close Indexes: Dow up 0.18%, S&P 500 off 0.13%, Nasdaq down 0.25% NEW YORK, Jan 24 (Reuters) – Wall Street was mixed on Tuesday as … Read more

US economy losing momentum as retail sales post biggest drop in 12 months

Retail sales fell 1.1% in December; November sales lowered Core retail sales drop 0.7%; November sales unrevised Manufacturing production tumbles 1.3%; November output cut Producer prices fall 0.5%; up 6.2% year-on-year WASHINGTON, Jan 18 (Reuters) – US retail sales fell by the most in a year in December, pulled down by declines in purchases of … Read more

Analysis: Turkey and its markets head for election crossroads

Turkey’s Presidential election represents major fork in road Side-effects of unorthodox economics crucial for voters Repeated bouts of market turmoil have seen investors exit Turkey Economists acknowledge return to orthodoxy would involve pain ISTANBUL/LONDON Jan 18 – Turks beset for years by soaring inflation and currency crashes will soon decide whether to forge ahead with … Read more

Oil prices mixed on Chinese data and demand growth hopes

LONDON, Jan 17 (Reuters) – Oil prices were mixed on Tuesday after China posted its second-weakest annual economic growth in nearly half a century, although its recent shift in COVID-19 policy underpinned hopes of a recovery in fuel demand this year. Brent crude futures rose 69 cents, or 0.8%, to $85.15 a barrel by 0913 … Read more

Morning Bid: China’s Q4 data dump

Jan 17 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A batch of top-tier economic data from China, including fourth quarter GDP growth, will grab the spotlight in Asia on Tuesday, and the numbers are not expected to be pretty. This does not necessarily mean investor sentiment and risky … Read more

China’s on the move again, economic outlook brightens

BEIJING, Jan 13 (Reuters) – Residents of China are increasingly on the move after the country’s sudden reversal last month of heavy COVID-19 curbs, despite a surge in infections, pointing to a gradual recovery in consumption and economic activity this year. Mobility and spending data — from subway passenger traffic in three of China’s biggest … Read more

Spain’s November industrial output falls 1.1% year-on-year

Jan 11 (Reuters) – Spain’s seasonally and calendar-adjusted industrial output fell 1.1% year-on-year in November, official data from the country’s National Statistics Institute (INE) showed on Wednesday. Industrial output in November was 3.2% lower than in October and 4.6% lower than in November last year, INE said. Reporting by Marta Serafinko, editing by Inti Landauro … Read more

German industrial orders fall more than expected in November

BERLIN, Jan 6 (Reuters) – German industrial orders fell more than expected in November, decreasing by 5.3% on the month on a seasonally and calendar adjusted basis, the federal statistics office said on Friday. A Reuters poll of analysts had pointed to a 0.5% fall, after a downwardly revised rise of 0.6% in October. The … Read more