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China second quarter GDP growth slows to 27-year low as trade war bites, more stimulus seen

1 day ago DieselGasoil Comments Off on China second quarter GDP growth slows to 27-year low as trade war bites, more stimulus seen
BEIJING (Reuters) – China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. FILE PHOTO: Workers are seen at a production line manufacturing tyres at a factory in Nantong, Jiangsu province, China Read More

China second quarter GDP growth slows to 27-year low, more stimulus expected

2 days ago DieselGasoil Comments Off on China second quarter GDP growth slows to 27-year low, more stimulus expected
BEIJING (Reuters) – China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. FILE PHOTO: Workers are seen at a production line manufacturing tyres at a factory in Nantong, Jiangsu province, China Read More

U.S. underlying inflation stirring; labor market tightening

5 days ago DieselGasoil Comments Off on U.S. underlying inflation stirring; labor market tightening
WASHINGTON (Reuters) – U.S. underlying consumer prices increased by the most in nearly 1-1/2 years in June amid solid gains in a range of goods and services, but that did not change expectations the Federal Reserve would cut interest rates this month. FILE PHOTO: People shop at an H&M store during the grand opening of Read More

Instant view: Powell – Fed stands ready to act “as appropriate” to sustain expansion

6 days ago DieselGasoil Comments Off on Instant view: Powell – Fed stands ready to act “as appropriate” to sustain expansion
(Reuters) – Concerns about trade policy and a weak global economy “continue to weigh on the U.S. economic outlook” and the Federal Reserve stands ready to “act as appropriate” to sustain a decade-long expansion, Fed Chairman Jerome Powell said on Wednesday in remarks that could bolster expectations of an interest rate cut later this month. Read More

Asia shares count on Powell to stay accommodative

7 days ago DieselGasoil Comments Off on Asia shares count on Powell to stay accommodative
SYDNEY (Reuters) – Asian shares pulled ahead on Wednesday while rising Treasury yields lifted the dollar as investors waited anxiously to hear if the world’s most powerful central banker would confirm or confound expectations for U.S. easing this month. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS advanced 0.4%, after three sessions of losses. Read More

Asia shares cautious in case Powell closes rate door

7 days ago DieselGasoil Comments Off on Asia shares cautious in case Powell closes rate door
SYDNEY (Reuters) – Asian shares turned mixed on Wednesday while rising Treasury yields lifted the dollar as markets wondered if the world’s most powerful central banker would confirm or confound expectations for U.S. policy easing this month. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS advanced 0.4%, after three sessions of losses. South Korea Read More

Asia cautious as everything rides on dovish Powell

7 days ago DieselGasoil Comments Off on Asia cautious as everything rides on dovish Powell
SYDNEY (Reuters) – Asian shares inched ahead on Wednesday while higher Treasury yields lifted the dollar as markets wondered if the world’s most powerful central banker would confirm or confound expectations for U.S. policy easing this month. FILE PHOTO: A man walks past an electric screen showing Japan’s Nikkei and Shanghai Stock Exchange markets’ indices Read More

Europe rallies as bond yields plough new lows

2 weeks ago DieselGasoil Comments Off on Europe rallies as bond yields plough new lows
LONDON (Reuters) – Action on world markets focused on bonds on Wednesday, with a fresh slide in benchmark debt yields on simmering global trade war and recession fears, central bank easing bets and ebbing oil prices. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. Read More

Resurgent health insurer stocks face test at Democratic debates

3 weeks ago DieselGasoil Comments Off on Resurgent health insurer stocks face test at Democratic debates
NEW YORK (Reuters) – Shares of U.S. health insurers that have rebounded in the past two months could come under pressure this week as Democrats square off in their first presidential debates, with healthcare policy reform potentially high on the agenda. Traders work on the floor at the New York Stock Exchange (NYSE) in New Read More