A top US central bank official on Friday explained the reasoning behind his decision not to back another reduction in interest rates at the policy meeting that ended two days before.
Manufacturing sector activity in the US mid-Atlantic region remained stronger than expected in September, but that resilience was likely to soon be tested and should not be extrapolated to the remainder of the country, economists said.
"We are baffled by the lack of change in the economic forecasts for 2020. [. ] The overriding message here, then, is uncertainty, which has generated forecasts showing that not much will change in either the economy or policy. Probably, this will turn out to be wrong, but it’s just not possible to say with any confidence in which direction, or when. " - Ian Shepherdson, Pantheon Macroeconomics.
America's central bank cut its main policy rate further and now several of its top officials believed that it would need to be lowered again before the year was out.
Lloyd’s of London has reported a surge in interim profits, boosted by bumper investment gains.
Mark Carney may be asked to prolong his term at the helm of the Bank of England if Britain's scheduled date for departing the European Union is delayed again.
UK house prices grew by less than 1. 0% in July, official data showed on Wednesday, the lowest annual growth rate since 2012.
Inflation has fallen to its lowest level for nearly three years, official data showed on Wednesday, weighed down by volatile computer game prices.
Thomas Cook Group has sought to ensure its bonds are protected from US creditors by filing for Chapter 15 court protection, according to a Bloomberg report on Tuesday.
London stocks finished lower on Monday following an attack on key Saudi Arabian oil installations at the weekend that cut the Kingdom's crude oil output by half, dealing a blow to the previous week's incipient recovery in risk appetite in financial markets on the back of an apparent easing in US-China trade tensions.
Factory sector activity in the jurisdiction of the Federal Reserve bank of New York was little changed in September.
Equity strategists at Jefferies upgraded their recommendation for Energy stocks to 'bullish' on the back of the shift higher in the US Treasury yield curve over the preceding week.
Analysts at Citi cautioned clients on Friday that the key global risks looming on the economic horizon were still very much present, with "no chance" of a US-China trade deal before the next elections in the States and the Federal Reserve being done with cutting rates.
Import and export prices both fell last month, on the back of sharp declines in the cost of fuel and agricultural goods.
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
The European Central Bank unleashed a barrage of new stimulus measures, as had been widely anticipated, and opened the door to further easing if needed in order to bring inflation back to target.
The cost of living in the US rose more quickly than expected again last month.
The Ifo Institute said on Thursday that Germany's economy is heading for a recession as it cut its growth forecasts for 2019 and 2020.
The European Central Bank will guide towards lower growth and a slower return to price stability when rate-setters meet to decide on policy on Thursday.
Wholesale prices in the US edged higher last month despite sharp declines in both food and energy inflation, but economists said that the "inflation threat" lay in consumer prices and not at the producer level.