US weekly unemployment figures hit a five-month low; darkening of the economic picture

Weekly drop in the number of unemployed from 16,000 to 193,000 Compensation continues to decline from 29,000 to 1.347 million GDP decline in the second quarter unreviewed at a rate of 0.6% Gross domestic income revised downwards towards GDP WASHINGTON, Sept. 29 (Reuters) – Americans applying for new unemployment benefits fell last week to a … Read more

Britain’s Truss sticks to the political plan, breaking his silence after the market collapses

Truss says he will not change the course of British politics Bond markets calm down after BoE intervention Investors warn against losing faith in the government LONDON, September 29 (Reuters) – British Prime Minister Liz Truss said she would stick to her controversial plan to re-boost economic growth as she broke silence on Thursday after … Read more

The Bank of England is trying to contain the bond market turmoil after the storm with tax cuts

BoE starts buying bonds, delays the sale of zlotys The IMF “does not recommend” policies such as the UK Development Plan Moody’s: the economic plan is “negative for growth” The pound fell 0.7% to $ 1,065 Kwarteng meets bank bosses again LONDON, Sept. 28 (Reuters) – The Bank of England has struggled to contain the … Read more

The pound sterling plummets after the BoE buys bonds, the dollar has peaked in 20 years

NEW YORK / LONDON, Sept. 28 (Reuters) – The pound sterling plunged against the dollar on Wednesday before recouping losses after the Bank of England (BOE) said it would step in to support the government bond market and the dollar index touched a fresh 20 the annual high turnover was unstable. BOE said it would … Read more

The dollar is resting even as interest rate fears weaken the risk appetite

NEW YORK / LONDON 27 September (Reuters) – The dollar made little progress in Tuesday’s session, while appetite for more risky betting continued to be weak as Federal Reserve policymakers spoke of further interest rate hikes. The dollar was against the euro but depreciated against the British pound and the Japanese yen, noting central banks … Read more

Wall St deep into a bear market as the S&P 500 hits a new two-year low

The S&P 500 hit its lowest level since November 2020. Interest rate sensitive technologies, growth stocks pay off Energy reserves among the rare gainers Down Indices: Dow 0.56%, S&P 0.48%, Nasdaq 0.20% Sep. 27 (Reuters) – Major Wall Street indices plunged into bear markets on Tuesday as early stock price increases weakened after Federal Reserve … Read more

Oil prices drop on the second day due to concerns about the expected recession

The oil barrel model can be seen in front of the rising stock chart in this image, July 24, 2022. REUTERS / Dado Ruvic / Illustration Sign up now for FREE unlimited access to Reuters.com Register Sep 26 (Reuters) – Oil prices dropped on the second day of Monday amid concerns over lower fuel demand … Read more

Pound sterling drops to record lows, dollar soars on UK fiscal unrest

A woman is holding British pound banknotes in this picture from May 30, 2022. REUTERS / Dado Ruvic / Ilustracja / Sign up now for FREE unlimited access to Reuters.com Register TOKYO, Sept. 26 (Reuters) – The pound sterling plunged to a record low on Monday as traders rushed to exits amid speculation that the … Read more

In China, home buyers seize their ‘rotting’ unfinished properties

GUILIN, China, September 26 (Reuters) – For six months, Ms. Xu’s home was a high-rise room in the southern Chinese city of Guilin, which she bought three years ago, attracted by brochures touting the views of the river and clean air in the city. However, her living conditions are far from what was promised: unpainted … Read more

Sterling collapses when investors run for dollars

Sign up now for FREE unlimited access to Reuters.com Register The pound sterling hits a record low; BOE reaction risk the euro down 1%; Aussie, kiwi, yuan hit their multi-year lows S&P 500 futures down 0.6% SYDNEY, Sept. 26 (Reuters) – The pound sterling dropped to a record low on Monday, sparking speculation about the … Read more