Japan Finance Minister Vows to Keep Eye on Fiscal Balance
Continued concerns over Japan’s fiscal sustainability have sparked a rise in government bond yields and weighed on the yen.
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Continued concerns over Japan’s fiscal sustainability have sparked a rise in government bond yields and weighed on the yen.
This year’s El Nino is on track to be the strongest in at least 70 years, further increasing the likelihood of widescale disruption to global agricultural markets.
The Bank of England should raise its key interest rate to limit the risk that inflation will stay above its target for a prolonged period, Chief Economist Huw Pill said.
The Institute for Supply Management’s purchasing managers index for services providers was 55.4 in August compared with 54.1 in July.
U.S. imports were higher than exports by $88.6 billion, versus $71.2 billion in June. Analysts polled were expecting a $90 billion deficit.
U.S. jobless claims swung upward again somewhat last week but were generally flat as job creation slows. The number of people who filed for unemployment benefits was 206,000.
The Dutch central bank said shifting the 78 metric tons of gold, worth $11 billion, would improve its ability to trade the metal in a pinch.
Under his “Donroe” doctrine, President Trump no longer treats Venezuela as sovereign. Canada fears the same treatment.
Government bond yields fell amid cooling expectations of an interest rate increase by the U.S. Federal Reserve, but the selloff in bonds might not be over.
Malaysia’s central bank kept its benchmark interest rate unchanged, as expected, as strong economic growth and mild inflation gave policymakers room to remain on hold.
Swiss inflation jumped in August, reversing several months of cooling price growth as renewed tensions in the Middle East pushed global energy costs higher.
The central bank left its main interest rate unchanged at 2.25%, and said the escalating trade conflict between the U.S. and Canada threatens to add to inflation.
A jittery Treasury market and the prospect of Fed rate increases risk making life more expensive for already cost-pressured Americans.
Private companies added a net 38,000 jobs in August, after adding a revised 46,000 jobs in July, ADP said. August saw the slowest pace of job creation since January.
RBNZ raised interest rates, warning that risks for higher inflation remain in play for the economy.
A Fed governor says the central bank should act if inflation doesn’t improve soon. The Treasury secretary says high energy prices are a shock the Fed should look past.
The report shows yet another signal of a low-hire, low-fire labor market that stretches back to at lease last year. Available positions rose slightly to 7.3 million in July from 7.2 million in June.
The Bank of Canada is widely expected to keep its main interest rate unchanged on Wednesday as policymakers assess the fallout from a stark deterioration in Ottawa-Washington trade ties.
Global bond yields surged as renewed tension between the U.S. and Iran reinforced inflation expectations, which increased the prospect of interest-rate hikes in the coming months.
Semiconductors, which account for more than a third of South Korea’s exports by value this year, continued to drive the gains.
Inflation picked up in Germany this month, though less than expected, with few signs of broader price pressures in the economy despite conflict in the Middle East keeping upward pressure on energy costs.
How hard is it to land a rent-stabilized apartment in NYC? Just the mention can “turn heads in rooms.”
Honey, cosmetic and other exporters now face 50% levies.
The weather phenomenon is already roiling industries, from shipping to copper to fish feed.
The revised numbers show a slightly weaker labor picture than previously reported for the year that ended in March.
China is flooding the world with cheap exports. An accord to revalue its currency might be the only solution.
Trade unions threaten to withhold support for politicians, joining the popular backlash against the construction.
Growth is holding up despite renewed tensions over trade, geopolitics and bond markets, though the AI boom’s outsize role is a growing concern.
The S&P Cotality Case-Shiller National Home Price Index rose 1.5% in the 12 months through June, compared with a 1.2% increase in May.
The move, which would take effect in January, is the latest in the rapidly escalating trade war between the two neighbors.
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