US new home sales rebound in December as mortgage rate retreat
WASHINGTON (Reuters) – Sales of new U.S. single-family homes increased strongly in December, boosted by declining mortgage rates and a persistent shortage of previously owned houses on the market. New home sales…
China’s Economy Fails To Rebound Following Pandemic Tumble
China’s Economy Fails To Rebound Following Pandemic Tumble Will Kessler on July 17, 2023 China’s economic growth slowed in the second quarter of 2023 as the country continues to struggle following the…
Marketmind: US housing rebound, China prime cuts
A look at the day ahead in U.S. and global markets from Mike Dolan Wall St looks set to return from the ‘Juneteenth’ holiday in a slightly more cautious mood as hawkish…
U.S. business inventories rebound in April
WASHINGTON (Reuters) – U.S. business inventories rebounded in April, boosted by stocks at manufacturers, suggesting that inventories could contribute to economic growth in the second quarter. Business inventories increased 0.2% after dropping…
Chinese ETFs draw options bulls on hopes of a rebound
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) – Options on several U.S.-listed Chinese exchange traded funds have drawn bullish flows in recent days as some traders take advantage of…
Aussie housing dip over, prices to rebound into next year on rate view- Reuters poll
By Vivek Mishra BENGALURU (Reuters) – Australia’s housing market outlook has improved significantly, with home prices expected to on average stagnate this year compared to the near double-digit fall predicted three months…
Fed’s Bowman says housing market rebound could impact inflation fight
WASHINGTON (Reuters) – An apparent rebound in the residential housing market could impact the Federal Reserve’s inflation fight, with home prices “leveling out” even as the U.S. central bank awaits the impact…
US core capital goods orders unexpectedly rebound in April
WASHINGTON (Reuters) – New orders for key U.S.-manufactured capital goods unexpectedly rebounded in April, raising cautious optimism that business spending on equipment could recover in the second quarter after recent back-to-back declines.…
China reopening, earnings rebound to boost North Asian equities -investors
By Anisha Sircar and Divya Chowdhury (Reuters) – Equity markets in North Asia will outperform the broader region this year, buoyed by China’s reopening and a post-pandemic recovery-led earnings rebound, investors and…
German exporters disappointed as China Q1 rebound passes them by
BERLIN (Reuters) – German exports to China fell at the start of the year as business hopes for a revival following Beijing’s lifting of strict measures to control COVID-19 were not fulfilled.…
US factory orders rebound on aircraft in March
WASHINGTON (Reuters) – New orders for U.S.-made goods rebounded in March, boosted by a jump in civilian aircraft bookings, but the overall manufacturing industry continued to struggle under the weight of higher…
Australia to reveal huge budget rebound, pledge restraint in response
By Wayne Cole SYDNEY (Reuters) – Australia’s Labor government is set to reveal a vast improvement in the budget bottom line next week as its coffers bulge with tax windfalls, yet the…
Analysis-China rebound buoys hopes for stronger-than-expected US, Europe earnings
By Joice Alves LONDON (Reuters) – A big splurge in spending in China after Beijing lifted COVID-19 lockdowns will help cushion quarterly results of the world’s biggest companies, investors say, even as…
China tax department says economy’s rebound to be further consolidated
BEIJING (Reuters) – The rebound of China’s economy will be further consolidated and tax revenues in the second quarter will likely grow faster, but the economy still faces many uncertainties at home…
Dogged inflation shades rebound
A look at the day ahead in U.S. and global markets from Mike Dolan Global investors seem keen to put the March bank shock behind them, but inflation’s grim persistence makes it…
Canada’s economy unexpectedly stalled in Q4; January rebound likely
TORONTO (Reuters) – The Canadian economy recorded no growth in the final three months of 2022, massively underperforming expectations, though economic activity likely rebounded with a 0.3% increase in January, Statistics Canada…
China expects sharp rebound in tourism this year
BEIJING (Reuters) – China expects its tourism market to flourish this year, starting with a busy and robust summer travel season as travellers flock to vacation destinations after the government ended its…
U.S. home builder confidence extends rebound in February, NAHB says
By Dan Burns (Reuters) – Confidence among U.S. single-family homebuilders improved for a second straight month in February – and by much more than economists had anticipated – in a fresh signal…
Exclusive-Credit Suisse markets CSFB as ‘super boutique’, sees revenue rebound
By Paritosh Bansal (Reuters) – Credit Suisse Group AG is marketing its First Boston investment banking unit to investors as a “super boutique” and sees revenue surging to as much as $3.5…
U.S. factory orders rebound in December
WASHINGTON (Reuters) – New orders for U.S.-manufactured goods rebounded in December, but higher interest rates are weighing on business spending on equipment, which could keep manufacturing under pressure. The Commerce Department said…
Domestic demand helps Canadian factory sector rebound in January
TORONTO (Reuters) – Canadian manufacturing activity expanded in January for the first time in six months as an uptick in domestic demand led to firms increasing production and inflation pressures showed signs…
French Jan factory activity rebound not as strong as forecast -PMI
PARIS (Reuters) – France’s manufacturing activity rebound in January was not quite as strong as first forecast, a survey showed on Wednesday, as new orders remained weak. S&P Global’s final purchasing managers…
Analysis-Small and medium companies to boost business travel rebound in 2023
By Allison Lampert and Abhijith Ganapavaram (Reuters) – New York excavation contractor Brian Dietz does not view higher air fares as a deal-breaker for flying and airlines are seeing more small and…
OPEC says Chinese oil demand to rebound in 2023 after drop
By Alex Lawler LONDON (Reuters) -OPEC said on Tuesday Chinese oil demand would rebound this year due to relaxation of the country’s COVID-19 curbs and drive global growth, and sounded an optimistic…
Asian tourism-focused businesses ready for China rebound as border reopens
By Minwoo Park, Chris Gallagher and Jira[censored] Kuhakan SEOUL/TOKYO/BANGKOK (Reuters) – South Korean and Japanese shop owners, Thai tour bus operators and K-pop groups are among those celebrating China’s border reopening as…
Canadian dollar to rebound in 2023 if economic uncertainty clears: Reuters poll
By Fergal Smith TORONTO (Reuters) – Canada’s dollar will rally this year, but much of the upswing will have to wait until a period of uncertainty passes for the domestic and global…
Breaking News
