News
Important Only
Australia's S&P Global Manufacturing PMI improves to 52.9 in August, Services PMI rises to 55.1
The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) came in at 52.9 in August versus 51.3 prior, the latest data published by S&P Global showed on Thursday.Fxstreet
Wed, Aug 20
ANALYSIS-China faces pivotal welfare reform test as court ruling hits jobs, small firms
China's top court bans waiving social insurance payment from Sept. 1Many companies, workers already struggling to make ends meetEconomists warn of 1% of GDP hit to workers and businessesRuling forces Beijing reckoning with costs of promised reforms BEIJING, Aug 21 (Reuters) - China's top ...Reuters
Wed, Aug 20
US judge rejects Trump administration challenge to Illinois E-Verify law
By Daniel Wiessner Aug 20 (Reuters) - A federal judge in Chicago has dismissed a bid by the administration of Republican President Donald Trump to bar Illinois from restricting employers' use of a federal program that electronically verifies eligibility to work in the United States.U.S. Distr...Reuters
Wed, Aug 20
TREASURIES-US yields drift lower as investors brace for Fed Chair Powell's speech
Some investors see dovish tilt from Powell in Jackson Hole Fed funds futures show 83% chance of rate cut in SeptemberYield curve remains unchanged, steepening trend intactUS 20-year has mixed results, but good overallBy Gertrude Chavez-Dreyfuss NEW YORK, Aug 20 (Reuters) - U.S. Treasury yields fe...Reuters
Wed, Aug 20
Fed dissenters appeared alone in favoring rate cut at July meeting, minutes show
Fed minutes show 'almost all' officials preferred leaving rates unchangedLabor data supports concerns of Bowman and Waller on job marketInflation concerns persist amid Trump's tariff policiesBy Dan Burns and David Lawder WASHINGTON, Aug 20 (Reuters) - The two Federal Reserve polic...Reuters
Wed, Aug 20
QUOTES-Nasdaq drops for 2nd day as AI jitters rattle tech investors
NEW YORK, Aug 20 (Reuters) - Tech stocks led declines on Wall Street, with worries about AI spurring debates about its future. The Nasdaq Composite dropped 2.2% over the last two days, the worst two-day fall since August 1st.The semiconductor index was down 1.4% .SOX, while the information technolog...Reuters
Wed, Aug 20
QUOTES-Nasdaq slides again as AI jitters rattle tech investors
NEW YORK, Aug 20 (Reuters) - Tech stocks are leading declines on Wall Street, with worries about AI spurring debates about its future. The Nasdaq Composite is down around 2.4% over the last two days, the worst two-day fall since April.The semiconductor index was down 1.5% .SOX, while the information...Reuters
Wed, Aug 20
US retailers split on holiday prospects amid consumer caution
By Juveria Tabassum and Savyata Mishra Aug 20 (Reuters) - Mixed sales and profit forecasts from major U.S. retailers such as Target TGT.N and Home Depot HD.N have prompted investors to question if this year's crucial holiday season will yield the windfall typically associated with a year-end...Reuters
Wed, Aug 20
European bond yields dip ahead of Jackson Hole summit
Fed Chair Powell due to speak at Jackson Hole on FridayMoney markets price in quarter-point Fed rate cutAnticipate ECB will hold rates steadySpread between French and Italian 10-year yield narrowsBy Joice Alves LONDON, Aug 20 (Reuters) - Euro zone government bond yields dropped on Wednesday, movi...Reuters
Wed, Aug 20
Crude inventories see sharp decline as exports rise, EIA says
By Liz Hampton and Arathy SomasekharAug 20 (Reuters) - Crude inventories fell sharply last week amid lower imports and a jump in exports, the U.S. Energy Information Administration said on Wednesday. Crude oil stockpiles fell by 6 million barrels to 420.7 million barrels last week, the EIA said, com...Reuters
Wed, Aug 20
