Forex News

UK retail sales surprise in April, fueling inflation concerns and complicating BoE rate cut bets.

Tech Leads 2024 Job Cuts: Despite 20% fewer layoffs vs. 2023, tech remains the top sector for cuts, followed by spikes in education, utilities, and government.

Central banks will be on high alert in the week ending March 1, with inflation figures for February likely to influence plans to cut interest rates.

Unemployment claims fall, insured rate drops to 1.2%, but rising moving averages reveal labor market complexity, impacting investor sentiment.

In August, U.S. durable goods orders grew 0.2%, with machinery reaching $37.8 billion, but excluding defense, orders dipped 0.7%.

August saw a 40,000 job increase but couldn’t keep up with a 103,000 population surge; employment rate hit 61.9% with steady 5.5% unemployment.

Weekly Jobless claims dropped by 11,000, the 4-week average rose slightly to 234,250, with claims at 1,834,497, surpassing 2022 levels.

MOSCOW (Reuters) – Russian Central Bank Governor Elvira Nabiullina said on Tuesday Russia is building its international reserves with assets that cannot be targeted by Western sanctions, the TASS news agency reported.

By Scott Murdoch SYDNEY (Reuters) – Asia’s share markets were in a cautious mode on Tuesday as global investors waited to see whether China recorded a first quarter bounceback from its punishing pandemic lockdowns that led to a major economic slowdown.

By Medha Singh and Lisa Pauline Mattackal

By Ankur Banerjee SINGAPORE (Reuters) – The dollar eased on Tuesday after rallying overnight as strong U.S. economic data reinforced expectations that the Federal reserve will hike interest rates again in May, while investors awaited data from China that will highlight the extent of the recovery

A look at the day ahead in European and global markets from Kevin Buckland

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever.

By Wayne Cole SYDNEY (Reuters) – Asian stocks opened cautiously on Monday as U.S. earnings season gets into full swing, while a raft of Chinese data will offer insight into how the world’s second-largest economy is recovering.

By Rae Wee SINGAPORE (Reuters) – The dollar bounced from a one-year low on Monday as resilience in core U.S. retail sales, a rise in short-term inflation expectations and impressive Wall Street bank earnings raised market expectations for an interest rate hike in May.

BRASILIA (Reuters) – Brazil’s government is working on additional revenue measures to be announced in the second half of this year, said Revenue Chief Robinson Barreirinhas on Monday, highlighting confidence that this set of actions will improve public accounts.

FRANKFURT (Reuters) – The United States and the euro zone should not take the international status of their currencies for granted as countries such as China and Russia seek to create their own systems.

FRANKFURT (Reuters) – The European Central Bank should stop relying on banks’ self-assessments when setting capital requirements and do its own homework instead, independent experts said on Monday.

A look at the day ahead in U.S. and global markets from Mike Dolan.

LONDON (Reuters) – Earnings season gets into full swing, while the first snapshot of business activity in April could provide a sense of how much pain the turmoil in the banking sector has inflicted on the world economy.