Investment banks ramp up peak rates forecasts after hawkish ECB
By Alun John LONDON (Reuters) – A flurry of investment banks raised their forecasts for where euro zone interest rates will peak, after the European Central Bank signalled on Thursday…
By Alun John LONDON (Reuters) – A flurry of investment banks raised their forecasts for where euro zone interest rates will peak, after the European Central Bank signalled on Thursday…
By Lucy Craymer and Alasdair Pal WELLINGTON (Reuters) – New Zealand’s government on Wednesday forecast the country would enter a recession in 2023, even as the budget remained on target…
By Marc Frank and Nelson Acosta HAVANA (Reuters) – Crisis-hit Cuba on Monday forecast economic growth of 3% for 2023 and reported 2% in 2022, half of what it had…
(Reuters) – U.S. natural gas futures jumped 6% to a one-week high on Friday on forecasts for much colder weather and higher heating demand through late December than previously expected.…
(Reuters) – Broadcom Inc forecast current-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for chips used in data centers and networking equipment. Companies are increasingly investing in…
ROME (Reuters) – Italian EU-harmonised consumer prices (HICP) rose a preliminary 0.6% month-on-month in November, with annual inflation slowing marginally to 12.5% from 12.6% in October but exceeding expectations, data…
LONDON (Reuters) – Bank of England policymaker Catherine Mann said on Thursday that she expected inflation would be at the upper end of the range of forecasts published by the…
MADRID (Reuters) -The International Monetary Fund expects economic growth in Spain to slow in 2023 on higher prices and flagging demand before rebounding to pre-pandemic levels in 2024, it said…
(Reuters) -Kohl’s Corp withdrew its 2022 sales and profit forecasts on Thursday, blaming an uncertain economic outlook and the departure of top boss Michelle Gass. Shares of the department store…
By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel is expected to raise short-term interest rates for a sixth straight time next week, a Reuters poll shows, although analysts…
By Wayne Cole SYDNEY (Reuters) -Australia’s jobless rate matched five-decade lows in October as employment climbed by double market forecasts, a sign it will take further increases in interest rates…
LONDON (Reuters) – Investment bank JPMorgan cut its forecasts for economic growth in China on Tuesday due to the country’s ongoing COVID-19 restrictions. JPMorgan has lowered its projections a number…
PARIS (Reuters) – Societe Generale, France’s third-biggest listed bank, joined European rivals in posting a higher than expected net income in the third quarter as market volatility boosted trading revenues.…
OTTAWA (Reuters) – Canada set out on Thursday C$11.3 billion ($8.2 billion) in new spending this year and next, and slashed its budget deficit forecast by nearly a third for…
By Caroline Valetkevitch NEW YORK (Reuters) – Investors and strategists are ramping up expectations for how much the Federal Reserve will raise interest rates in its effort to bring down…
(Reuters) -Roku Inc shares dropped 14% to a more than three-year low on Thursday following downbeat forecasts a day earlier, as the streaming tech provider suffers from a collapse in…
(Reuters) -Under Armour Inc cut its annual revenue and profit forecasts on Thursday, as the sporting goods company contends with weakening demand from consumers ahead of the crucial holiday shopping…
By Fergal Smith TORONTO (Reuters) – Canada’s dollar will gain less than previously thought over the coming year as the domestic economy has lost some sensitivity to oil prices and…
By Eileen Soreng and Peter Hobson (Reuters) – Analysts and traders have downgraded their forecasts for platinum and palladium prices next year as a global economic slowdown reduces demand, according…
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund may need to raise its forecast for U.S. growth after stronger-than-expected third-quarter GDP data, a senior IMF official said on…
By Ananya Mariam Rajesh (Reuters) -Estee Lauder Cos Inc cut its full-year forecasts on Wednesday ahead of the most important holiday season, blaming lockdowns in China and American retailers cutting…
FRANKFURT (Reuters) – Euro zone inflation surged past expectations yet again this month to hit a record high, pointing to further interest rate hikes from the European Central Bank as…
TOKYO (Reuters) – The Bank of Japan raised its inflation forecasts on Friday but maintained ultra-low interest rates, remaining a dovish outlier among a global wave of central banks tightening…
MEXICO CITY (Reuters) – Mexican distiller Becle, better known as the parent company of tequila brand Jose Cuervo, posted a 29.6% jump in third-quarter net profit Thursday, as it hiked…
(Reuters) – Xerox Holdings Inc’s shares plunged about 25% to 13-year lows on Tuesday after the photocopy maker slashed its annual revenue and cash flow forecasts, blaming a stronger dollar…