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  • Analysis-European debt sales break January record in a tricky year

    • BY Reuters|
    • 01:17 AM ET 02/01/2023

    - European borrowers sold a record 280 billion euros of debt in January, in a jump outpacing U.S. peers, to take advantage of tumbling borrowing costs and better-than-expected economic conditions.

  • Indian shares pare gains, yields rise as federal budget begins

    Indian shares pared early gains on Wednesday, while bond yields moved higher as the country's finance minister presented the Union budget, saying the government will focus on economic growth and job creation with a global slowdown in the vicinity. Finance Minister Nirmala Sitharaman said the outlay for capital spending has been upped 33% to 10 trillion rupees in 2023-24.

  • India budget to raise capex by 33% as jobs, infrastructure take priority

    • BY Reuters|
    • 01:09 AM ET 02/01/2023

    India's government will raise its capital expenditure by 33% to 10 trillion rupees in the next fiscal year, the finance minister said on Wednesday, as Prime Minister Narendra Modi tries to create jobs ahead of a general election.

  • India 2023/24 budget raises capex spend to 10 trillion rupees

    The Indian government will spend 10 trillion rupees on longer term capital expenditure in 2023/24, extending a strategy adopted to revive growth in the aftermath of the Covid crisis. The allocation is higher than the 7.5 trillion rupees budgeted for in the previous year and the highest on record. The year-on-year increase of 33% is only marginally lower than last year's 35% jump.

  • JGB yields fall under BOJ pressure; investors cautious before auction

    Japanese government bond yields fell on Wednesday, under pressure from relentless purchasing operations by the central bank, while a looming 10-year note auction added to the cautious mood. The 10-year JGB yield fell 0.5 basis point to 0.485%, retreating from the Bank of Japan's policy ceiling of 0.5% under its yield curve controls.

  • U.S. remains biggest destination for German exports for eighth year in a row

    The United States remained the most important destination for German exports in 2022 for the eighth consecutive year. Exports of goods reached a record 156 billion euros last year, according to Reuters calculations based on preliminary data from the German statistics office. German exports to the United States in 2022 were well above the previous record of 122 billion euros in 2021.

  • Marketmind: Lights, camera, action

    • BY Reuters|
    • 12:47 AM ET 02/01/2023

    A look at the day ahead in European and global markets from Anshuman Daga. Global markets face their biggest test so far this year as the Federal Reserve appears poised to hint of an end to interest rate hikes at its meeting on Wednesday.

  • MORNING BID-Lights, camera, action

    • BY Reuters|
    • 12:42 AM ET 02/01/2023

    A look at the day ahead in European and global markets from Anshuman Daga. Global markets face their biggest test so far this year as the Federal Reserve appears poised to hint of an end to interest rate hikes at its meeting on Wednesday.

  • U.S. remains biggest destination for German exports for eighth year in a row

    The United States remained the most important destination for German exports in 2022 for the eighth consecutive year. Exports of goods reached a record 156 billion euros last year, according to Reuters calculations based on preliminary data from the German statistics office. German exports to the United States in 2022 were well above the previous record of 122 billion euros in 2021.

  • India budget to raise capex by 33% as jobs, infrastructure take priority

    • BY Reuters|
    • 12:31 AM ET 02/01/2023

    India's government will raise its capital expenditure by 33% to 10 trillion rupees in the next fiscal year, the finance minister said on Wednesday, as Prime Minister Narendra Modi tries to create jobs ahead of a general election.

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