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Australia

Australia recession risk heightens after RBA warns of bumpy path to low inflation

BY Reuters  • June 9, 2023June 9, 2023
By Stella Qiu SYDNEY (Reuters) – The risk of Australia’s economy slipping into recession has risen sharply, after the central bank surprised markets this week by raising rates and warned i[...]
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Asia Australia Business Economy

Marketmind: China inflation could spoil the weekend party

BY Reuters  • June 8, 2023June 8, 2023
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A big dollar fall, historically low volatility, lower bond yields, and Wall Street on the march with t[...]
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Asia Australia Business Economy US

Shares rise, Treasury yields fall as US jobless claims surge

BY Reuters  • June 8, 2023June 8, 2023
By Marc Jones and Koh Gui Qing NEW YORK/LONDON (Reuters) – World stocks rose on Thursday and Treasury yields edged lower as investors leaned toward bets that the U.S. Federal Reserve is likely t[...]
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Asia Australia Business Economy Europe Top News Updated US

Dollar dips as jobless claims increase

BY Reuters  • June 8, 2023June 8, 2023
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Thursday after data showed that U.S. jobless claims rose more than expected in the latest week, though the market was generally viewed a[...]
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Asia Australia Business Canada Economy Europe UK Updated US

RBA to hike cash rate once more to 4.35% this year: Reuters poll

BY Reuters  • June 8, 2023June 8, 2023
By Devayani Sathyan BENGALURU (Reuters) – The Reserve Bank of Australia (RBA) will hike its key interest rate once more by the end of September to 4.35% following a surprise hike on Tuesday and[...]
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Asia Australia Economy

Marketmind: Indian rates, Japan GDP in the spotlight

BY Reuters  • June 7, 2023June 8, 2023
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. An interest rate decision from India and revised Japanese GDP will be the big local drivers for Asian[...]
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Asia Australia Business Economy US

Shares recoil from 13-mth high, Turkey’s lira hits record low

BY Reuters  • June 7, 2023June 7, 2023
By Samuel Indyk and Koh Gui Qing LONDON (Reuters) -Global stocks retreated from a 13-month high on Wednesday and the U.S. dollar drifted lower as attention turned towards next week’s pivotal inf[...]
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Asia Australia Business Economy Europe Top News Updated US

Dollar edges up against yen as investors wait on inflation data, Fed

BY Reuters  • June 7, 2023June 7, 2023
By Karen Brettell NEW YORK (Reuters) – The dollar edged higher against the yen on Wednesday as investors awaited U.S. inflation data for May and the Fed’s interest rate decision next week, while[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Australia central bank steps up warning of more rate hikes even as growth slumps

BY Reuters  • June 7, 2023June 7, 2023
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank chief on Wednesday stepped up a warning of more rate hikes ahead to temper rising price pressures, even as risk of a steep economic downt[...]
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