Wall Street nears third quarter loss in a row

S&P 500 for worst September, longest streak of quarterly declines since the Great Recession Nike collapses after margin warning Indices down: Dow 0.73%, S&P 0.40%, Nasdaq 0.18% NEW YORK, Sept. 30 (Reuters) – Wall Street reeled from the end of the S&P 500’s steepest drop in September since the global financial crisis on Friday, closing … Read more

Factory activity in China fuels September growth, weakening global demand weighs on

China Sept official production PMI above expectations Private survey shows factory activity has fallen sharply Service sector activity growth slowed in September – official survey COVID restrictions, dwindling foreign demand, roads to real estate weakness BEIJING, Sept. 30 (Reuters) – Chinese manufacturing activity picked up growth in September, but a slowdown in service sector growth … Read more

UK’s Truss sticks to policy plan as it breaks silence after market disruption

Truss says it won’t change the course of UK policy Bond markets calm down after BoE . intervention Investors warn of loss of confidence in government LONDON, Sept. 29 (Reuters) – British Prime Minister Liz Truss said she would stick to her controversial plan to revive economic growth when she broke her silence on Thursday … Read more

IMF says UK fiscal measures ‘likely to increase inequality’, urges reconsideration

WASHINGTON, Sept. 27 (Reuters) – The International Monetary Fund on Tuesday targeted new British financial plans that have rocked markets and warned that “big and untargeted fiscal packages” were likely to widen inequality in Britain and tighten monetary policy. can undermine. In its first commentary on plans by the new UK Chancellor of the Exchequer … Read more

Morning Bid: Eye of the Storm

Register now for FREE unlimited access to Reuters.com Register A look at the day ahead of Mike Dolan’s US and global markets. As Hurricane Ian raged and set his sights on Cuba and Florida, a global financial storm calmed down the bond and currency markets moderately – though likely only temporarily. Ian strengthened to a … Read more

Fed officials stare at market volatility, say inflation remains key focus

Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept. 26 (Reuters) – US Federal Reserve officials on Monday curbed increasing volatility in global markets, from slumping US stocks to currency turbulence abroad, saying their priority remained to contain domestic inflation. Asked at an event in the Washington Post whether he thought US investors … Read more

Morning Bid: Unstable Cable | Reuters

US dollar banknotes can be seen in this image, taken on June 14, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register A look at the day ahead of Mike Dolan’s US and global markets. Britain’s gamble to boost growth with unfunded tax cuts in a surge in inflation has turned into … Read more

In China, home buyers occupy their ‘decaying’, unfinished properties

GUILIN, China, Sept. 26 (Reuters) – For six months, the home for Ms Xu was a room in a high-rise apartment in the southern Chinese city of Guilin, which she bought three years ago, attracted by brochures touting the river view and the clean air of the city. Her living conditions, however, are far from … Read more

Sterling collapses as investors fly into dollars

Register now for FREE unlimited access to Reuters.com Register Sterling hits record low; risk of BOE reaction Euro down 1%; Aussie, Kiwi, Yuan Hits Multi-Year Low S&P 500 futures fall 0.6% SYDNEY, Sept. 26 (Reuters) – Sterling sank to a record low on Monday, sparking speculation about an emergency response from the Bank of England … Read more

Inflation Struggle Can Avoid Deep Pain, Atlanta Fed President Says

President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at an event of the European Financial Forum in Dublin, Ireland, Feb. 13, 2019. REUTERS/Clodagh Kilcoyne Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept. 25 (Reuters) – Atlanta Federal Reserve president Raphael Bostic said on Sunday … Read more