News
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StanChart expects Fed to cut rates by 50 bps next week after weak jobs data
By Rashika Singh and Joel Jose Sept 7 (Reuters) - Standard Chartered expects the U.S. Federal Reserve to cut interest rates by 50 basis points at its policy meeting this month, double its earlier projection of a 25-bp reduction, following a soft August jobs report.Data on Friday showed U.S. job ...Reuters
Mon, Sep 8
German industrial output rises in July
Sept 8(Reuters) - German industrial production rose in July by 1.3% compared to the previous month, the federal statistics office said on Monday.Analysts polled by Reuters had predicted a 1.0% rise.The office offers more detailed data on its website.Reuters
Mon, Sep 8
India's chief economic adviser says Trump's tariffs could shave 0.5% off GDP, Bloomberg News reports
Sept 8 (Reuters) - U.S. President Donald Trump's 50% tariffs on India could reduce the country's gross domestic product by half a percent this year, the nation's Chief Economic Adviser V. Anantha Nageswaran said in a Bloomberg TV interview on Monday."Depending upon how long it lasts ...Reuters
Mon, Sep 8
Poland - Factors to Watch September 8
WARSAW, Sept 8 (Reuters) - The following are significant news stories, press reports and events on Monday. ALL TIMES GMT (Poland: GMT + 2 hours):POLAND'S RATING OUTLOOKFitch Ratings revised Poland's outlook to "negative" from "stable" on Friday, citing growing risks to public...Reuters
Mon, Sep 8
India's chief economic adviser says Trump's tariffs could shave 0.5% off GDP, Bloomberg News reports
Sept 8 (Reuters) - U.S. President Donald Trump's 50% tariffs on India could reduce the country's gross domestic product by half a percent this year, the nation's Chief Economic Adviser V. Anantha Nageswaran said in a Bloomberg TV interview on Monday."Depending upon how long it lasts ...Reuters
Mon, Sep 8
South Korea minister heads to US to resolve fallout from huge immigration raid
Hyundai, LG Energy's $4.3 billion project site in Georgia raidedSouth Korea plans chartered flight for detained workers' returnTrump emphasises legal immigration for foreign investments in USBy Ju-min Park and Hyunjoo Jin SEOUL, Sept 8 (Reuters) - South Korean Foreign Minister Cho Hyun wi...Reuters
Mon, Sep 8
US Dollar Index holds below 98.00 as weak jobs data firm Fed rate cut likelihood
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is edging higher after registering more than 0.5% losses in the previous session and trading around 97.90 during the Asian hours on Monday.Fxstreet
Mon, Sep 8
StanChart revises Fed cut expectations to 50 bps in Sept after weak US jobs data
Sept 7 (Reuters) - Standard Chartered expects the U.S. Federal Reserve to cut interest rates by 50 basis points at its September 17 meeting, after August jobs growth came in far below expectations and unemployment rose to 4.3%, it said in a note on Friday.The brokerage had earlier forecast a smaller...Reuters
Mon, Sep 8
China August exports rise 4.4% y/y, missing forecasts, imports up 1.3%
BEIJING, Sept 8 (Reuters) - China's export growth slowed more than expected in August, expanding 4.4% from a year earlier, while imports rose 1.3%, customs data showed on Monday.Economists polled by Reuters had expected outbound shipments to expand by 5.0%, down from a 7.2% increase in July. Im...Reuters
Mon, Sep 8
China August yuan-denominated exports up 4.8% y/y, imports rise 1.7%
BEIJING, Sept 8 (Reuters) - China's yuan-denominated exports rose 4.8% year-on-year in August, while imports grew 1.7%, state media said on Monday.U.S. President Donald Trump's erratic trade policy - marked by multiple rounds of tit-for-tat tariff hikes with Beijing and other forms of trade ...Reuters
Mon, Sep 8
