Asian stocks gain despite rising numbers of Chinese COVID cases

SYDNEY, Nov 23 (Reuters) – Asian stock markets were mostly upbeat on Wednesday, despite mounting cases of COVID-19 in mainland China, leaving investors unsure about the extent to which the new outbreaks will affect the reopening of the second-largest economy in the world could slow down. MSCI’s broadest index of Asia-Pacific equities outside Japan (.MIAPJ0000PUS) … Read more

Spain approves mortgage support for more than 1 million households

Measures support vulnerable families with an income limit of 25,200 euros Threshold for medium-sized businesses set at 29,400 euros Measures include extending loan repayments to 7 years Promotions also provide grace periods and refund freezes Plan will be finalized on Tuesday after talks with banks MADRID, Nov 21 (Reuters) – The Spanish government will on … Read more

NY Fed: Bank liquidity may be tighter than thought, with policy implications

Nov 18 (Reuters) – The way the banking system manages its cash suggests the financial system may not be as good as many now understand, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper says of the The Federal Reserve Bank of New York said … Read more

Exclusive: Germany is ramping up contingency plans to deal with the blackout

FRANKFURT, Nov. 15 (Reuters) – German authorities are stepping up preparations for emergency supplies in the event of a power outage to keep the economy going, four people involved said, as the country braces for potential blackouts from the war in Ukraine. The plans include the Bundesbank, Germany’s central bank, hoarding extra billions to meet … Read more

Chinese regulators push for more financial support for real estate companies – sources

BEIJING, Nov. 13 (Reuters) – Chinese regulators have asked financial institutions to provide more support to property developers to support the country’s struggling real estate sector, two sources with direct knowledge of the matter said on Sunday. A message to the institutions of the People’s Bank of China (PBOC) and the China Banking and Insurance … Read more

Lula’s Honeymoon With Brazilian Markets Ends Amid Spending Plan Fears

BRASILIA, Nov. 10 (Reuters) – Brazilian President Luiz Inacio Lula da Silva’s short honeymoon with financial markets appeared to be over on Thursday, as investors grew impatient with his desire to increase social spending without long-term tax rules determine whether its top economic policymakers. The Brazilian currency and benchmark Bovespa stock index (.BVSP), which jumped … Read more

Analysis: Runaway Prices Have Central Europe Confused

Region struggles with inflation of almost 20% Surveys show continued high inflation expectations Various government moves dent central bank tightening Some economists say high inflation could be permanent BUDAPEST/WARSAW, Nov 7 (Reuters) – While inflation in Western Europe is expected to be largely tamed within a year, there is growing sentiment that runaway prices in … Read more

Investors are piling up cash at fastest pace since COVID crisis – BofA

LONDON, Nov 4 (Reuters) – Investors put cash in the week to Wednesday at the fastest pace at the start of a quarter since the 2020 COVID crisis, as heightened volatility and questions about the outlook for U.S. interest rates took flight to a safe haven, BofA Global Research said Friday. Cash funds saw $62.1 … Read more

Swiss National Bank loses nearly $143 billion in first nine months

Central bank hit by downturn in bonds, stock prices Stronger Swiss franc also causes losses SNB will not go bankrupt, analyst says Bank can operate with negative equity, says SNB ZURRICH, Oct. 31 (Reuters) – The Swiss National Bank (SNBN.S) lost 142.2 billion Swiss francs ($142.60 billion) in the first nine months of 2022, it … Read more

Tensions in Europe’s debt market force some governments to revise trade rules

Oct. 31 (Reuters) – Some euro-zone countries have eased rules on the banks that manage their sovereign debt trading to help them cope with some of the most challenging market conditions in years, officials told Reuters. Of the 11 major euro area debt agencies contacted by Reuters, officials in the Netherlands and Belgium told Reuters … Read more