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U.S. consumer mood darkens, but impact of banking turmoil limited so far, UMich says

Leave a Comment / Economy / By akrambakha678

March 31 (Reuters) – U.S. consumer confidence fell for the first time in four months in March as consumers grew increasingly worried about a looming recession, although turmoil in the banking system has yet to resonated a lot among American households, according to a survey released Friday. show. The University of Michigan’s monthly consumer sentiment …

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Exclusive: US regulator calls for sale of portfolios of Silicon Valley Bank and Signature Bank, sources say

Leave a Comment / Business / By akrambakha678

NEW YORK/WASHINGTON, March 31 (Reuters) – The Federal Deposit Insurance Corporation (FDIC) has hired advisers to sell portfolios of securities rejected by the new owners of failed Silicon Valley Bank and Signature Bank, people familiar with the matter said. matter The portfolios are made up of low-yielding assets such as Treasuries and securities backed by …

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UK house price slump accelerates in March: Across the country

Leave a Comment / Economy / By akrambakha678

LONDON, March 31 (Reuters) – British house prices fell in March at the fastest annual rate since the financial crisis, mortgage lender Nationwide said on Friday. House prices fell 3.1% year-on-year, the biggest such drop since July 2009, Nationwide said. Compared to February of this year, prices were 0.8% lower. Economists polled by Reuters had …

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Euro rises as Eurozone countries release inflation data

Leave a Comment / Economy / By akrambakha678

LONDON/SINGAPORE, March 31 (Reuters) – The euro was set for its best week since mid-January on Friday ahead of inflation data that will shape the ECB’s interest rate plans, while Investors expect US rates to peak, meaning the dollar is heading for a second straight quarterly loss. The common European currency was at $1.0883, down …

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World Bank raises 2023 growth outlook for developing East Asia as China reopens

Leave a Comment / Economy / By akrambakha678

March 31 (Reuters) – Growth in developing economies in East Asia and the Pacific will accelerate in 2023 thanks to China’s reopening and economic rebound, but high inflation and household debt will weigh on consumption in some countries, the World Bank announced on Friday. The Washington-based lender said in a report that it expected growth …

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Morning Bid: The first quarter was difficult to control and a choppy second quarter is ahead – Reuters

Leave a Comment / Economy / By akrambakha678

Morning auction: Q1 was difficult to master and a jerky Q2 is comingReuters Rates Spark: rates assess systemic risk, but unevenlyING Think Tight adjustment: As banking concerns fade, credit conditions…The ticker Despite a rocky start to the week, rates remain risk-receptiveDaily Mortgage News Morning Bid: Oscillating between banking fears and interest rate risksReuters See full …

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Inflation in Japanese capital cools for 2nd month, stays above BOJ target

Leave a Comment / Economy / By akrambakha678

Tokyo core CPI in March rises 3.2% yr vs f’cast +3.1% Slowdown largely due to government measures to reduce utility costs Tokyo core-core CPI up 3.4% yr in March Factory output rises 4.5% in February, further gains expected TOKYO, March 31 (Reuters) – Core consumer inflation in Japan’s capital Tokyo slowed in March for a …

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Morning Bid: support for troubled banks calms markets

Morning Bid: What banking crisis? End the first trimester on a high

Leave a Comment / Markets / By akrambakha678

March 31 (Reuters) – A preview of the day ahead in Asian markets from Jamie McGeever. Asian markets enter the final trading day of the quarter in a buoyant mood, ready to take on Friday’s load of regional economic data with a sense of optimism and resilience that would have been unbelievable a few weeks …

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Egypt’s Cenbank raises interest rates by 200 basis points to rein in inflation

Leave a Comment / Economy / By akrambakha678

March 30 (Reuters) – The Central Bank of Egypt (CBE) on Thursday raised overnight interest rates by 200 basis points (bps) following a meeting of its monetary policy committee ( MPC), saying it aimed to bring high inflation under control. The bank has set the lending rate at 19.25% and the deposit rate at 18.25%. …

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Australia's February inflation slows to 8-month low, adding to case of rate pause

Brazil unveils new fiscal rules, allaying market fears over fiscal discipline

Leave a Comment / Markets / By akrambakha678

BRASILIA, March 30 (Reuters) – Brazil’s finance ministry on Thursday unveiled a proposal for new fiscal rules aimed at balancing spending growth limits with the government’s promise to boost social programs and public investment, reviving markets premises after months of uncertainty. The long-awaited proposal is key to allaying budget concerns after leftist President Luiz Inacio …

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