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WRAPUP 4-China's economy jolted by weakest factory output, retail sales growth in over a year
China's factory output and retail sales hit weakest pace in over a yearData highlight twin economic challenges of low domestic demand, trade-war strains Policymakers face urgent need for reform amid economic pressuresBy Joe Cash BEIJING, Nov 14 (Reuters) - China's factory output and reta...Reuters
Fri, Nov 14
EUR/GBP gathers strength above 0.8850 amid UK fiscal worries, weak GDP data
The EUR/GBP cross attracts some buyers to around 0.8860 during the early European session on Friday. The Pound Sterling (GBP) weakens against the Euro (EUR) amid rising concerns over fiscal discipline and political stability in the United Kingdom (UK).
Fxstreet
Fri, Nov 14
EUR/CAD rises near 1.6250 as ECB signals cautious rate stance
EUR/CAD continues its winning streak for the fourth successive session, trading around 1.6230 during the Asian hours on Friday. The currency cross gains as the Euro (EUR) is supported by cautious sentiment surrounding the European Central Bank’s (ECB) monetary policy outlook.
Fxstreet
Fri, Nov 14
Cartier-owner Richemont beats quarterly sales forecast as sales rise 14%
ZURICH, Nov 14 (Reuters) - Cartier-owner Richemont CFR.S reported better-than-expected quarterly sales on Friday, as the Geneva-based luxury group awaited the outcome of tariff negotiations between Switzerland and the United States. The U.S. and Switzerland have edged closer to a trade deal to ...Reuters
Fri, Nov 14
Swiss machine maker feels heat from auto sector slowdown, Trump's tariffs
Swiss machine maker lays off staff after US tariffsPfiffner already struggling due to car industry woesWeak German, Chinese demand hits manufacturersBy Dave Graham UTZENSTORF, Switzerland, Nov 14 (Reuters) - Norbert Steuer, a logistics worker at Swiss precision machinery maker K.R. Pfiffner, has ...Reuters
Fri, Nov 14
China's October new home prices fall at fastest pace in a year
Home prices extend their falls in monthly and annual termsProperty investment drops 14.7% year-on-year in first 10 months Beijing refrains from large-scale policy packages despite slumpBy Liangping Gao and Ryan Woo BEIJING, Nov 14 (Reuters) - China's new home prices fell at the fastest monthl...Reuters
Fri, Nov 14
China Oct industrial output expands 4.9% y/y, retail sales up 2.9%
BEIJING, Nov 14 (Reuters) - China's industrial output in October grew 4.9% year-on-year, slowing from the 6.5% increase recorded a month prior, while retail sales growth slowed, official data showed on Friday.The industrial output data, released by the National Bureau of Statistics, missed a 5.5...Reuters
Fri, Nov 14
China's property investment falls 14.7% y/y in January-October
BEIJING, Nov 14 (Reuters) - Property investment in China fell 14.7% in the first 10 months after a 13.9% drop in the first three quarters from the same period last year, official data showed on Friday.Property sales by floor area dropped 6.8% year-on-year, compared with a 5.5% decline in the first n...Reuters
Fri, Nov 14
China's October new home prices fall at fastest pace in a year
BEIJING, Nov 14 (Reuters) - China's new home prices fell at their fastest pace in a year in October, official data showed on Friday, highlighting persistently weak demand in the crisis-hit property sector. Prices fell 0.5% month-on-month, the steepest decline since October last year, after a...Reuters
Fri, Nov 14
Japan’s Takaichi: Hard to set numerical target for minimum wage now
Japan’s Prime Minister Sanae Takaichi said on Friday that the government is not in a position to set a new numerical target for the nationwide minimum wage, arguing that instead that its role is to create conditions that enable businesses to raise pay faster than inflation.Fxstreet
Fri, Nov 14
