newszine

Asian stocks cautious ahead of Powell’s speech; yuan at fresh 11-1/2 year low

1 hour ago DieselGasoil Comments Off on Asian stocks cautious ahead of Powell’s speech; yuan at fresh 11-1/2 year low
TOKYO (Reuters) – Asian shares struggled to make headway on Friday as uncertainty over how much further the U.S. Federal Reserve would cut interest rates added to investors’ worries over slowing global growth. A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo, Japan, May 10, 2019. REUTERS/Issei Kato Read More

Asian stocks struggle ahead of Powell’s speech; yuan at fresh 11-1/2 year low

3 hours ago DieselGasoil Comments Off on Asian stocks struggle ahead of Powell’s speech; yuan at fresh 11-1/2 year low
TOKYO (Reuters) – Asian shares struggled to make headway on Friday as uncertainty over how much further the U.S. Federal Reserve would cut interest rates added to investors’ worries over slowing global growth. A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo, Japan, May 10, 2019. REUTERS/Issei Kato Read More

For U.S. housing, trade war set to blunt some of Fed stimulus: Reuters poll

7 hours ago DieselGasoil Comments Off on For U.S. housing, trade war set to blunt some of Fed stimulus: Reuters poll
BENGALURU (Reuters) – The U.S.-China trade war may blunt some of the stimulus on the U.S. housing market from expected further interest rate cuts by the Federal Reserve, with only a modest outlook for price rises, a Reuters poll of property market experts found. FILE PHOTO: Development and construction continues on a large scale housing Read More

Markets doubt Fed’s ability to defend economy, spur inflation

9 hours ago DieselGasoil Comments Off on Markets doubt Fed’s ability to defend economy, spur inflation
JACKSON HOLE, Wyo. (Reuters) – The U.S. Federal Reserve wanted to do two things when it cut rates for the first time in a decade last month: Support the economy and spark inflation expectations. FILE PHOTO: Federal Reserve Chairman Jerome Powell (R) speaks with New York Fed President John Williams and Kansas City Fed President Read More

Oil edges down as rate-cut anticipation balances demand fears

12 hours ago DieselGasoil Comments Off on Oil edges down as rate-cut anticipation balances demand fears
By Sheela Tobben on 8/22/2019 NEW YORK (Bloomberg) – Oil ended lower as weak U.S. factory data highlighted demand concerns, and prospects of a Federal Reserve interest rate cut. Futures fell 0.6% on Thursday after a choppy session. Investors are balancing fears about slowing global economies and demand with anticipation the Federal Reserve Chair Jerome Read More

S&P 500 stalls as U.S. employment, manufacturing data offset

12 hours ago DieselGasoil Comments Off on S&P 500 stalls as U.S. employment, manufacturing data offset
NEW YORK (Reuters) – The benchmark S&P 500 struggled for direction on Thursday as strong results from Nordstrom Inc (JWN.N) and a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity. Stocks initially rose at the market open as shares of Nordstrom jumped after the department store’s quarterly profit beat Read More

Stocks weak as investors eye Fed’s Jackson Hole meeting

13 hours ago DieselGasoil Comments Off on Stocks weak as investors eye Fed’s Jackson Hole meeting
NEW YORK (Reuters) – An index of stock markets worldwide edged lower on Thursday on uncertainty over the outlook for U.S. interest rate cuts and weak U.S. manufacturing data that raised concerns about the health of the world’s largest economy. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Read More

Thyssenkrupp in talks to buy steel trader Kloeckner: Handelsblatt

14 hours ago DieselGasoil Comments Off on Thyssenkrupp in talks to buy steel trader Kloeckner: Handelsblatt
FILE PHOTO: A logo of Thyssenkrupp AG is pictured at the company’s headquarters in Essen, Germany, November 21, 2018. REUTERS/Thilo Schmuelgen FRANKFURT (Reuters) – German industrial group Thyssenkrupp (TKAG.DE) is in talks to buy metals distributor Kloeckner & Co (KCOGn.DE) in a move to strengthen its steel business, Handelsblatt reported on Thursday citing sources familiar Read More

S&P 500, Nasdaq fall after gloomy data; Fed officials dampen rate cut hopes

14 hours ago DieselGasoil Comments Off on S&P 500, Nasdaq fall after gloomy data; Fed officials dampen rate cut hopes
(Reuters) – The benchmark S&P 500 and the Nasdaq fell on Thursday after weak U.S. manufacturing data raised concerns about the health of the economy, with comments from Fed officials dampening hopes of future interest rate cuts. A private survey showed U.S. manufacturing activity in August contracted for the first time in almost a decade, Read More