Weekly unemployment claims are rising in the US, but the labor market remains tight

Weekly unemployment claims increased from 6,000 to 260,000 Continuing claims rise 48000 to 1.416 million The trade deficit shrank 6.2% to $79.6 billion in June WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased last week, indicating some slackening in the labor market, although overall conditions remain tight. This was … Read more

Antitrust watchers go big on drama, light on plot

Penguin’s books are seen in a second-hand bookshop in central London on October 29, 2012. Britain’s Pearson has agreed to merge its Penguin book division with Bertelsmann’s Random House to create the world’s leading consumer publishing house, in apparent disdain for Rupert Murdoch’s News Corp. REUTERS / Stefan Wermot Register now to get free unlimited … Read more

Global stocks eye the best month since late 2020, as the dollar recovers

The MSCI World Index rose 0.2%; Almost 6% for the month The dollar regains its early losses to trade flat against its peers Eurozone GDP data beat expectations; clouds ahead LONDON (Reuters) – Global stocks rose on Friday, on track for their best month since late 2020, as euro zone growth beat expectations, while the … Read more

Uncertainty about the Fed rate path, the European gas crisis dominates the currency markets

U.S. dollar, euro and Ukrainian hryvnia banknotes are shown in this illustrative photo taken in Kyiv, Ukraine, October 31, 2016. REUTERS/Valentin Ogirenko/Illustration Register now to get free unlimited access to Reuters.com Register LONDON (Reuters) – With U.S. interest rates rising this week and increasing uncertainty over the Federal Reserve’s tightening path, the dollar kept the … Read more

Stocks rise as traders eye profits to counter deflation fears

People walk in front of a screen displaying the Hang Seng stock ticker in the Central District, in Hong Kong, China, July 19, 2022. REUTERS/Lam Yik Register now to get free unlimited access to Reuters.com Register LONDON (Reuters) – Stocks reversed early losses to rally on Monday, as investors hoped this week’s batch of corporate … Read more

Asian stocks weaken as traders eye central bank rate plans

European futures are down, US futures are a little higher Tech names led Asian stocks lower, but Japan backtracks The euro maintained its recent gains, and the Australian dollar rose after the minutes of the Reserve Bank of Australia meeting Oil and gold slip HONG KONG (Reuters) – Asian stocks fell on Tuesday after overnight … Read more

Global stocks falter, oil falls on recession fears

Investors are risk averse, get rid of stocks again Inflation data, earnings reports await July 12 (Reuters) – Global stock markets were mixed while oil prices and bond yields fell on Tuesday, with traders worried about prospects for further central bank tightening and concerns about the health of economies around the world. The dollar’s role … Read more