Stock Markets Mixed As Investors Digest Corporate Results
While US stocks closed up, the picture in Europe was less positive: London, Paris and Frankfurt all ended lower as investors locked in profits from recent gains.
Asian Markets Track Wall St Higher After Tech Surge
Asian markets rose Friday following a tech-led rally on Wall Street that helped soothe traders' concerns that the Federal Reserve will likely not cut interest rates as early or by as much as hoped this year.
Oil Prices Drop Further After OPEC+ Delay
Oil prices sank further Thursday after the shock decision by OPEC+ to delay a key policy meeting, suggesting fresh discord in the bloc.
Bank of England Holds Interest Rates At 5.25% for Second Time
Nine members of the Monetary Policy Committee (MPC) voted 6-3 in favour of maintaining the current rate, in a move that was widely anticipated.
UK Economy at Risk of Recession as Business Activity Declines and Cost Pressures Ease
The preliminary reading of the S&P Global UK PMI for the services sector, often referred to as the "flash" PMI, fell to 49.2 in October from 49.3 in September.
UK Businesses 'Stuck in Reverse' in October, According to Recent Survey
The figures are worrying reading, as the Bank of England (BoE) prepares for its latest interest rate decision next week.
Global Stocks Fall After Fed Keeps Rate Hike Threat Alive
US stock markets fell Thursday after Federal Reserve chair Jerome Powell warned inflation is "still too high" despite a recent slowdown, leaving the door open for another interest rate hike if needed.
European stocks rally, Wall Street slumps on interest rate concerns
Stock markets had a mixed showing Thursday as European indices rallied while Wall Street slipped on concerns over interest rates.
Stocks diverge as US economy shows resilience
Stocks diverged Thursday as investors weighed strong US economic data against further signs that central banks are likely to continue hiking interest rates to fight inflation.
Australia employment rebounds in Feb, jobless drops back to near 50-yr lows
Australia employment rebounded strongly in February after two months of declines, while the jobless rate fell back to near 50-year lows, suggesting the country's labour market remained tight amid a slew of interest rate hikes by the central bank.
UK pay growth slows as Bank of England mulls rates pause
Growth in pay in Britain - which the Bank of England is watching closely as it weighs up whether to pause its run of interest rate hikes next week - lost pace in the three months to January, official data showed on Tuesday.
Australia employment falls for second month, jobless at 8-mth high
Australia employment surprised in January by falling for a second straight month while the jobless rate jumped to its highest since last May, a soft result that could lessen pressure for further aggressive interest rate hikes.
Wall St rises on robust earnings, Disney hits five-month high
U.S. main stock indexes rose on Thursday with Disney and Salesforce boosting the blue-chip Dow index, while data showing a rise in weekly jobless claims helped ease concerns about the Federal Reserve's rate-hike path.
Analysis-Italy promotes short-term job market, shunning Spain's example
Marta Pizza, a 26-year-old swimming instructor, has worked at a Rome sports centre for the last two years earning 8.50 euros per hour with no pension contributions, sick pay or holidays.
Australia jobs take surprise dip in Dec, but unemployment stays low
Australia employment unexpectedly dipped in December following an outsized gain the month before in a sign the red-hot labour market might be cooling, though the jobless rate stayed near five-decade lows.
UK pay growth speeds up again as BoE frets about inflation
Pay growth in Britain - which is being closely watched by the Bank of England as it gauges how much higher to raise interest rates - picked up more pace in the three months to November, official data showed on Tuesday.
Global stocks tepid before U.S. jobs test; dollar stands tall
Global equities traded sideways and the dollar bounced as investors braced for a crucial U.S.
U.S. labor market strong at end of 2022; trade gap narrows sharply
The number of Americans filing new claims for jobless benefits dropped to a three-month low last week while layoffs fell 43% in December, pointing to a still-tight labor market that could force the Federal Reserve to keep hiking interest rates.
Global economy faces tougher year in 2023, IMF's Georgieva warns
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, the head of the International Monetary Fund said on Sunday.
World, U.S. stocks suffer 2022 losses while dollar triumphs
World stocks were steady and U.S. stock index futures indicated a lower open on Wall Street on the last trading day of 2022, but equities are on course for a 20% drop over a year marred by high inflation and war in Europe.
European stocks mixed in 'choppy' markets, Wall Street futures up
European stock indexes were mixed on Thursday as global recession fears weighed on markets and soaring COVID-19 cases in China countered earlier optimism about the country dropping its strict zero-COVID policy.
Japan retail sales up for 9th month led by tourism help
Japanese retail sales rose for a ninth straight month in November, data showed on Tuesday, as the lifting of COVID-19 border controls and the government's domestic travel subsidy helped consumer demand.
UK jobless rate rises again but pay growth keeps Bank of England on edge
Britain's jobless rate rose for a second month and there were other signs in data on Tuesday that some of the inflationary heat in the labour market is cooling as the economy stumbles, including an increase in older people looking for work.
European shares rise as industrials, financials gain on China optimism
European shares inched higher on Friday as gains in industrial and financial stocks on China-led optimism offset weakness in the energy sector, while Credit Suisse climbed on news of a capital raise.
Dollar slips on recession fears, central bank meetings loom
The dollar eased on Friday as worries over a slowdown in the United States mounted, with traders on guard ahead of a slew of central bank meetings next week, where the Federal Reserve takes centre stage.
Eurozone unemployment drops to record low
Unemployment in the eurozone has dropped to a record low, at 6.5 percent in October, the EU's Eurostat statistics office said Thursday.
France aims to curb jobless benefits with link to job market strength
The French government plans to rein in unemployment benefits when the jobless rate is less than 9% under a plan presented on Monday that aims to tackle staff shortages that companies say are holding back business.
Jobless rate rises as UK prepares to tighten belts again
Britain's unemployment rate unexpectedly rose and vacancies fell for a fifth report in a row as employers worried about the outlook for the economy, official data showed on Tuesday, ahead of a tough government budget plan later this week.
Global economy approaching a recession, central banks unchained - Reuters poll
The global economy is approaching a recession as economists polled by Reuters once again cut growth forecasts for key economies while central banks keep raising interest rates to bring down persistently-high inflation.
UK labour market exodus drives jobless rate down to 3.5%
Britain reported a record jump in the number of people leaving the labour market in the three months to August, adding to the Bank of England's inflation headaches.