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

Oil prices are rising in favor of US oil, fuel stocks are falling, and the dollar is weakening

NEW YORK, Sept. 28 (Reuters) – Oil prices rose on Wednesday for a second day, rebounding from recent losses as the US dollar weakened recent gains and US fuel inventory data showed larger-than-expected declines and a rebound in consumer demand. Brent crude oil increased by $ 3.05, or 3.5%, at $ 89.32 a barrel. The … 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

Cryptoverse: Bitcoin miners are stuck in the bearish pit

A representation of bitcoin can be seen in the illustrative photo taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS / Benoit Tessier Sign up now for FREE unlimited access to Reuters.com Register September 27 (Reuters) – Reflect on a besieged bitcoin mine. In late 2021, miners were toasting the city … Read more

The raging dollar holds its breath as the bears prepare stocks

Sign up now for FREE unlimited access to Reuters.com Register HONG KONG, Sept. 27 (Reuters) – Asian markets tried to stabilize on Tuesday after a crazy couple of days during which most assets, except for the dollar, fell as the dollar eased slightly and equities fell. The pound sterling, which fell to a record low … 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