Tag: Economic Indicators

Updated at 11:19 am ESTU.S. stocks powered higher Wednesday, following on from solid rallies in Europe and Asia, as investors latched on to solid corporate earnings and fading geopolitical risks to turn markets positive for the month. Inflation concerns continue to cap sentiment, however, ahead of tomorrow’s January CPI reading that will likely show the…

You may have noticed shortages of certain items at your local grocery store. Some of that is due to supply-chain disruption, which is delaying the transport of goods to retailers.But some of it is also a return to the consumer stockpiling of food and household items that was prominent in the early days of the…

© Reuters. FILE PHOTO: The Bank of Israel building is seen in Jerusalem June 16, 2020. Picture taken June 16, 2020. REUTERS/Ronen Zvulun/File Photo By Steven Scheer JERUSALEM (Reuters) – Israel’s central bank should be prepared to raise interest rates and taper foreign exchange intervention if inflation pressures intensify further, the International Monetary Fund said…

© Reuters. FILE PHOTO: U.S. Federal Reserve Chairman Jerome Powell addresses an online only news conference in a frame grab from U.S. Federal Reserve video broadcast from the Federal Reserve building in Washington, U.S., January 26, 2022. U.S. Federal Reserve Board/ By Lewis Krauskopf NEW YORK (Reuters) -Wild swings in stocks and a sharp run-up…

2/2 © Reuters. FILE PHOTO: Governor of the Bank of England Andrew Bailey speaks during a news conference at Bank of England in London, Britain February 3, 2022. Dan Kitwood/Pool via REUTERS 2/2 By William Schomberg and Alistair Smout LONDON (Reuters) -Two top Bank of England officials stressed on Friday the need for restraint on…

© Reuters. FILE PHOTO: IMF Managing Director Kristalina Georgieva speaks at a news conference ahead of the World Economic Forum (WEF) in Davos, Switzerland January 20, 2020. REUTERS/Denis Balibouse//File Photo By Andrea Shalal WASHINGTON (Reuters) – The head of the International Monetary Fund said on Thursday it was “too early” to say if the world…

Updated at 8:50 am ESTWall Street will navigate a series of key S&P 500 earnings Thursday as investors look to forward projections from a host of companies amid concerns of rising inflation, Federal Reserve rate hikes and slowing consumer growth.The following is a rolling update of the key releases prior the start of trading:MERCK &…

© Reuters. FILE PHOTO: The U.S. Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo By Ann Saphir and Jonnelle Marte (Reuters) – U.S. President Joe Biden’s nominees to the Federal Reserve Board came out swinging against high inflation on Wednesday, saying rising prices pose a…

© Reuters. FILE PHOTO: Customers at the Edeka grocery store buy pasta, as the spread of coronavirus disease (COVID-19) continues in Duesseldorf, Germany, April 29, 2020. REUTERS/Wolfgang Rattay/File Photo By Dhara Ranasinghe A look at the day ahead in markets from Dhara Ranasinghe. The European Central Bank’s plan to start tiptoeing away from monetary stimulus…

© Reuters. FILE PHOTO: People count money at Macy’s Herald Square store during the early opening of the Black Friday sales in the Manhattan borough of New York, November 26, 2015. REUTERS/Andrew Kelly By Chris Taylor NEW YORK (Reuters) – Low inflation had spoiled U.S. investors for so long that last year’s sudden surge came…