One day, secretive job search becomes a darling of the Fed’s eye

WASHINGTON, Nov 29 (Reuters) – As a graduate student at Harvard University in the 1980s, Katharine Abraham tried to fill a gap in US economic data by compiling a labor demand estimate, essentially a best estimate of the number of open jobs in the United States. country. She drew on a patchwork of data, including … Read more

ECB warns of losses as it pays the price for ten years of money printing

FRANKFURT, Nov 29 (Reuters) – The European Central Bank on Tuesday warned it could lose money as high inflation forces it to raise interest rates and pay the bill for a decade of aggressive money printing. After raising interest rates to fight runaway prices, the ECB has to pay huge interest payments to commercial banks … Read more

Indian Stocks Brave Global Weakness, On Oil Drop To Close At New High

BENGALURU, Nov 28 (Reuters) – Indian stocks rose for a fifth session in a row on Monday, with both benchmark indices hitting record highs, led by profits at oil marketing firms as crude oil prices fell after protests in major Chinese cities against the strict zero -COVID- policy. The NSE Nifty 50 index (.NSEI) rose … Read more

Stocks, Oil Slip as China’s COVID Protests Shake Sentiment

SYDNEY, Nov 28 (Reuters) – Stocks and oil fell sharply on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID restrictions raised concerns about the management of the virus in the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) fell 2.2%, dragged down by major sell-offs in … Read more

Morning offer: crisis in China coming

Nov 28 (Reuters) – A look at the day ahead at Asian markets from Jamie McGeever. Purchasing managers index (PMI) data will be the main economic driver for Asian markets this week, but the tone will be set by the increasingly tense political situation in China. Thousands of people take to the streets in several … Read more

Consumer inflation in Japan’s capital is rising at its fastest pace in 40 years

Tokyo Nov core CPI 3.6% higher than f’cast +3.5% Tokyo CPI remains above BOJ’s 2% target for the 6th consecutive month Data underscore rising inflationary pressures TOKYO, Nov 25 (Reuters) – Core consumer prices in Japan’s capital, a leading indicator of nationwide trends, rose in November at the fastest annual rate in 40 years, surpassing … Read more

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

Bank of Canada says high rates are starting to work, housing and debt are a concern

OTTAWA, Nov. 22 (Reuters) – Higher interest rates are starting to slow Canada’s economy, the Bank of Canada said on Tuesday, putting pressure on highly indebted households and those who recently bought homes on variable-rate mortgages. “It will take time to get back to solid growth with low inflation, but we will get there,” Deputy … Read more

Europe hardest hit by global slowdown -OECD

Global growth to fall from 3.1% in 2022 to 2.2% in 2023 National outlooks vary widely, with the UK lagging behind other economies Central banks urged interest rates to keep raising rates PARIS, Nov. 22 (Reuters) – The global economy should avoid recession next year, but the worst energy crisis since the 1970s will trigger … 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