All News Results

  • Germany's economy expands less than expected in Q2

    The German economy returned to growth in the second quarter but bounced back less strongly than expected amid supply chain bottlenecks that are hitting industry, data showed on Friday. Europe's largest economy grew by 1.5% quarter on quarter, compared with a revised contraction of 2.1% in the first quarter, and by 9.2% on the year, the Federal Statistics Office said.

  • Italian Economy Rebounded in 2Q, Beating Forecasts

    Italy's economy grew in the second quarter on the back of a gradual easing of pandemic restrictions. The eurozone's third-biggest economy grew 2.7% on quarter, following a revised figure of 0.2% growth in the first quarter, the Italian statistics agency Istat said Friday in a first estimate for the period. Economists polled by The Wall Street Journal had forecast a 1.3% expansion.

  • FOREX-Dollar plumbs one-month low, set for worst week since May

    * Dollar index set for worst week since May. * Eyes on euro zone GDP data. * Riskier FX- AUD, NZD - near 2-week highs. * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E. By Ritvik Carvalho and Swati Pandey.

  • Germany's economy expands less than expected in Q2

    The German economy returned to growth in the second quarter but bounced back less strongly than expected, as coronavirus-related restrictions were eased and households started spending again, data showed on Friday. Europe's largest economy grew by 1.5% quarter on quarter and by 9.2% on the year, the Federal Statistics Office said.

  • GLOBAL MARKETS-World stocks eye sixth month of gains, dollar near 1-mth low

    * MSCI World Index down 0.3%; Asia ex-Japan -1.1% * Dollar set for worst week since May. * Central banks, earnings vs Delta numbers, China tech. By Simon Jessop and Andrew Galbraith.

  • Sterling headed for best week in 2021

    * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. Sterling hovered close to a one-month high versus the dollar on Friday and was on course for its strongest week since December ahead of a Bank of England meeting next week.

  • JGB yields stuck as COVID-19 cases surge to record

    Japanese government bonds yields ended flat on Friday amid a lack of new catalysts, while a surge in domestic COVID-19 cases stirred speculation of a new bond issuance to finance additional economic stimulus. The 10-year, 20-year and 30-year JGB yields were all unchanged at 0.015%, 0.390% and 0.635%, respectively.

  • Bonds see large inflows, TIPS pull in record money in weekly flows - BofA

    • BY Reuters|
    • 03:33 AM ET 07/30/2021

    Bond funds enjoyed the largest inflows in three weeks at $12.7 billion in the week to Wednesday with investors putting a record amount of $3.2 billion into Treasury Inflation-Protected Securities, BofA said on Friday.

  • BRIEF-Weyerhaeuser Reports Q2 Earnings Per Share $1.37

    Weyerhaeuser Co (WY): * FOR REAL ESTATE, ENERGY & NATURAL RESOURCES SECTOR, COMPANY EXPECTS ADJUSTED EBITDA WILL BE COMPARABLE TO Q3 2020. * WEYERHAEUSER REPORTS RECORD SECOND QUARTER RESULTS. * Q2 EARNINGS PER SHARE $1.37. * Q2 EARNINGS PER SHARE ESTIMATE $1.41 -- REFINITIV IBES DATA. * Q2 SALES $3.1 BILLION VERSUS REFINITIV IBES ESTIMATE OF $3.09 BILLION.

  • European shares slide from peak as Asian worries sour mood

    • BY Reuters|
    • 03:23 AM ET 07/30/2021

    European stocks fell from record highs on Friday as concerns about the fast-spreading Delta variant and regulatory actions in China outweighed optimism around quarterly earnings season and an economic recovery. The pan-European STOXX 600 index fell 0.8% by 0714 GMT, with Asian shares set for their biggest monthly drop since the height of global pandemic lockdowns last March.

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