Economy Financial News

HSBC Holdings Plc. “The numbers don’t exactly add up,” economists Frederic Neumann and Justin Feng wrote in a report Friday.

A look at the day ahead in European and global markets from Ankur Banerjee

By Katya Golubkova and Andrew Hayley

By Joe Cash and Liangping Gao

(Reuters) — China's exports and imports shrank at a slower pace for a second month in September, customs data showed on Friday, adding to the recent signs of a gradual stabilisation in the world's second-biggest economy thanks to a raft of policy support measures.

By Karin Strohecker and Marc Jones

US treasury yields has sparked much anxiety among investors, in part because there is no easy explanation for the rise. On Friday, the yield on the 10-year US Treasury note climbed to 4.88 percent for the first time since 2007, while the 30-year offering reached 5.05 percent, also a 16-year peak. Both have edged back in recent days, due mainly to elevated geopolitical risk, analysts say, although yields remain high. The most oft-cited justification for the rise has been expectations that monetary policy will stay hawkish in response to the resilient US economy. «The Fed expectations have been shifting,» said John Canavan, analyst at Oxford Economics. «From the Fed's perspective, we're seeing stronger than expected economic growth, some increase in inflation and uncertainty, particularly as oil prices surge again.» While two-year US treasuries are considered the closest proxy to Fed interest rates, the market has been unsettled by the jump in yields of longer-run bonds of five, 10 or 30 years. «Something is happening in the bond market and nobody fully understands how you kind of break it down,» said Adam Button of ForexLive. Karl Haeling of LBBW pointed to increased bond issuance by the US Treasury Department, saying markets are increasingly worried that the US «fiscal situation is moving on a long-term unsustainably bad trajectory.» For Yardeni Research, «the bond market has changed recently and disconcertingly,» the consultancy said in a recent posting. Perplexing moves by US treasuries in response to economic news «suggest a shift in bond investors' focus from what monetary policymakers may do, to rising alarm about what fiscal policymakers are doing.» «The worry is that the escalating federal budget

Oil prices rose on Friday after the U.S. tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, and global inventories are forecast to decline through the fourth quarter. Brent futures rose 36 cents, or 0.4%, to $86.36 per barrel and U.S.

By Xinghui Kok

By Brigid Riley

TAIPEI (Reuters) — Taiwanese chipmaker TSMC has received from the United States a waiver extension to supply U.S. chip equipment to the company's factories in China, Taiwan Economy Minister Wang Mei-hua said on Friday.

BEIJING (Reuters) — China's consumer prices were flat in September, while factory-gate prices shrank at slower pace, official data showed on Friday, indicating deflationary pressures persist in the economy.

fund managers in September bought into select PSU stocks where valuations are still low and they are likely to benefit as a new capex cycle kicks in. Stocks like Coal India, REC, PFC, Power Grid, Bharat Electronics and HPCL were among the picks of fund houses. As investors continued to allocate money to mid-, small-cap and multi-cap schemes, fund managers looked at companies that would benefit from the stability in the Indian economy.

The prospect that high interest rates will keep constricting the global economy is worrying World Bank officials as they look to the impact on nations nursing large debts.

Forecasts are being cut as Canada’s economy groans under the weight of higher-for-longer interest rates.

Piper Sandler Chief Global Economist Nancy Lazar details her economic expectations for the second half of the fiscal year on ‘Mornings with Maria.’

London | The debate on nuclear power is a “distraction” from solar, which is about to tip into exponential growth that will sweep aside all other energy sources, say Australia’s much-garlanded pair of leading solar inventors.

(Correct to reflect Israel Bonds had nearly reached its annual target in paragraph 8)

By Andrea Shalal

Measures of U.S. inflation barely declined in September, evidence that consumer price increases are grinding lower at a gradual pace

The number of Americans applying for unemployment benefits was unchanged last week, remaining at historically low levels in another sign that the U.S. job market remains strong in the face of higher interest rates