3,015 events tracked
economic · economic
White House National Economic Council Director Kevin Hassett reacts to the June US employment report, saying the US jobs market is on an "upward trajectory." Speaking on "Bloomberg Open Interest," Hassett also criticizes former Federal Reserve Chairman Jerome Powell for staying on at the central bank. (Source: Bloomberg)
economic · economic
Federal Reserve Bank of San Francisco President Mary Daly says inflation should start to slow but the economic outlook remains uncertain during a Bank of Spain event in Santander, Spain. (Source: Bloomberg)
economic · economic
According to Bloomberg, Ankara is becoming an increasingly important member of the alliance as it strengthens its defense industry and arms exports
economic · economic
Treasuries rallied after a weaker-than-expected jobs report prompted traders to scale back expectations that the Federal Reserve will raise interest rates in the coming months.
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US stocks rose before the bell on Thursday as cooler-than-expected employment data drove traders to dial-back bets that the Federal Reserve could start raising interest rates as soon as this month.
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China is trying to “infiltrate” the US-Mexico-Canada trade agreement via Mexican automotive investments, a US manufacturing trade group said, as Washington indicated it would not renew the agreement that comes up for review this month. However, analysts cautioned that full decoupling from China’s automotive industry remains difficult, given North America’s continued dependence on Chinese-sourced motor vehicle components and Mexico’s legacy of export manufacturing plus quick access to the US...
economic · economic
The Bank of Russia is in close contact with the government regarding the measures it is taking to support the market
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Treasuries edged lower as traders awaited a US employment print that may give clues on the Federal Reserve’s interest-rate path after Chairman Kevin Warsh struck a dovish tone on inflation.
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China and the US are seeking to roll back tariffs on some agricultural products, as they look to preserve a broader trade truce that was struck last year.
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Director of the Monetary Policy Department at the Bank of Russia Andrey Gangan emphasized that over the past five years the Russian economy has repeatedly faced major shocks that had a significant impact on the ruble exchange rate
economic · economic
Russian President Vladimir Putin acknowledged that the country was suffering from "a certain shortage" of fuel after repeated Ukrainian strikes in their four-year war. Moscow is now looking to increase anti-air defence capacity and ensure fuel supplies - which could even imply importing fuel. FRANCE 24's Rochelle Ferguson-Bouyahi tells us more about the shortages, and what they reveal about Ukraine's growing drone industry.
economic · economic
The Federal Reserve is unlikely to alter interest rates soon, as inflation moderates and the economy remains stable, according to Steve Englander of Standard Chartered. He believes muted labor costs and easing oil prices reduce the need for immediate policy shifts.
economic · economic
The heads of major central banks discussed changing the inflation outlook at the ECB's annual forum in Portugal. Fed chair Kevin Warsh said price risks have come down in recent weeks, and that his goal remains to bring inflation back to the US central bank's 2% target. Sree Kochugovindan, Senior Research Economist at Aberdeen Investments, spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa on the inflation gauge. (Source: Bloomberg)
economic · economic
Indian textile exporters are experiencing a significant stock market surge, outperforming the broader market. New trade deals with the UK, EU, and potential US agreements are boosting competitiveness. Global brands shifting sourcing away from China are also creating opportunities. Investors are optimistic about Indian firms capturing substantial market share, with some analysts predicting further gains contingent on capacity expansion and sustained earnings growth.
economic · economic
Overseas investors offloaded the most Japanese bonds in three years in June, official data showed, after a lackluster performance left the debt trailing most of its global peers.
economic · economic
Indian stock markets saw a second day of gains, with Sensex and Nifty inching up as oil prices plummeted to $70 a barrel amid US-Iran peace talks. Tech stocks like Infosys led the charge, while broader markets also traded higher. Analysts point to falling crude, strong auto sales, and tapering FII selling as positive near-term drivers, though monsoon progress remains a watch point.
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The State Bank of Vietnam warned that inflationary pressures are likely to remain elevated throughout the year and said it has taken steps to ensure liquidity in the banking system and stabilize the dong amid global economic uncertainty.
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Gold held a rebound after a speech by US Federal Reserve Chairman Kevin Warsh dampened speculation the central bank may hike interest rates this year to tackle inflation.
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Foreign investors are piling back into Asian emerging-market bonds despite renewed Federal Reserve hawkishness, as expectations that regional central banks will keep interest rates elevated support the debt’s yield appeal.
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Stocks in Asia were set to fall on Thursday as a selloff in US chipmakers weighed on sentiment and investors assessed fresh remarks from Federal Reserve Chairman Kevin Warsh.
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Vladimir Putin has acknowledged fuel supply problems in Russia following strikes on oil refineries, saying petrol exports have been banned and a diesel export ban is under consideration.
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European Central Bank Executive Board member Isabel Schnabel warned that price pressures could turn out stronger than anticipated even as a US-Iran peace deal reopens the Strait of Hormuz.
economic · economic
IMF says prices have eased since US-Iran agreement but Gulf trade remains disrupted The International Monetary Fund says energy and commodity prices have fallen since the United States and Iran agreed to halt hostilities and reopen the Strait of Hormuz, but warned that Gulf trade flows will take time to return to normal. IMF spokesperson Julie Kozack said the fund would decide in its 8 July World Economic Outlook update whether to maintain the three growth scenarios it issued in April, which were based on possible outcomes of the US-Israeli war on Iran. In May, as the Strait of Hormuz remained closed and oil prices stayed above $100 a barrel, Kozack said the global economy was moving away from the more stable "reference forecast" towards an "adverse scenario" of 2.5 percent growth.
economic · economic
Metal stocks experienced a significant downturn Tuesday, with the Nifty Metal index dropping 3.2% as falling commodity prices, domestic economic slowdown fears, and anticipated US Federal Reserve rate hikes impacted investor confidence. Vedanta led the decline. Analysts suggest a cautious approach, advising a wait-and-watch strategy before re-entering the sector amidst these headwinds.
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China’s flood of cheap exports is bolstering the case for emerging-market bonds by helping to keep inflation under control across the developing world, according to Pacific Investment Management Co.
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The dollar touched the highest level since November on Tuesday as traders cement views on the Federal Reserve hiking interest rates this year.
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Treasuries rose as a selloff in US stocks and further declines in oil prices curbed wagers on Federal Reserve interest-rate increases over the coming year.
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Russia is weighing a ban on exports of diesel to avoid domestic shortages after Ukraine intensified attacks on the nation’s refineries.
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Tributes to former Federal Reserve Chairman Alan Greenspan poured in after the news of his death early Monday, many from former colleagues and market players who had a front-row seat during his 18-year tenure atop the US central bank. Bill Dudley, Bloomberg Opinion Columnist and former NY Federal Reserve President, discusses the passing of Greenspan and how his role has influenced the Federal Reserve beyond his time there. (Source: Bloomberg)
economic · economic
The European Central Bank’s decision to raise interest rates was “robust” considering inflation will stay higher for longer, according to Vice President Boris Vujcic.