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US regulator finds banks have work to do on climate risk, sources say

BY Reuters  • August 30, 2024August 30, 2024
By Isla Binnie and Nupur Anand NEW YORK (Reuters) – A top U.S. banking regulator has found that major lenders are in the early stages of assessing and managing the risks climate change poses to[...]
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Instant view: No surprises from US PCE inflation to alter Fed easing path

BY Reuters  • August 30, 2024August 30, 2024
(Reuters) – The personal consumption expenditures (PCE) price index rose 0.2% last month after an unrevised 0.1% gain in June, the Commerce Department said on Friday, matching economists’[...]
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Global bond funds gain solid inflows amid rate-cut expectations, Middle East tensions

BY Reuters  • August 30, 2024August 30, 2024
(Reuters) – Global bond funds attracted the biggest weekly inflow in six weeks in the seven days to Aug. 28, buoyed by heightened purchases of government bonds amid anticipation of a September F[...]
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Lowest euro zone inflation in 3 years sets up ECB for cut

BY Reuters  • August 30, 2024August 30, 2024
By Francesco Canepa and Balazs Koranyi FRANKFURT/TALLINN (Reuters) -Inflation in the euro zone fell to its lowest level in three years in August, setting the stage for a further cut in the European Ce[...]
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Morning Bid: Record highs abound, except in usual place

BY Reuters  • August 30, 2024August 30, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan Record stock market highs have lit up across the world once again – though not yet for the usual suspects in the S&P500 and[...]
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China’s mortgage loans fall, property development loans rise

BY Reuters  • August 30, 2024August 30, 2024
BEIJING (Reuters) – China’s mortgage loans dropped further at the end of June while property development loans picked up, central bank data showed on Friday, as authorities seeks to put a[...]
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German inflation falls to 2.0% in August, aiding ECB rate cuts

BY Reuters  • August 30, 2024August 30, 2024
By Maria Martinez BERLIN (Reuters) – German inflation fell more than expected in August, declining to its lowest level in more than three years and making it easier for the European Central Bank[...]
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German unemployment rises less than expected in August, labour office says

BY Reuters  • August 30, 2024August 30, 2024
By Maria Martinez BERLIN (Reuters) – The number of people out of work in Germany rose significantly less than expected in August, Federal Labour Office figures showed on Friday. The office said[...]
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ECB’s Schnabel keeps door open to further rate cuts

BY Reuters  • August 30, 2024August 30, 2024
By Balazs Koranyi TALLINN (Reuters) -Euro zone inflation is falling as predicted, easing the risk that further rate cuts would derail disinflation, but the European Central Bank must become increasing[...]
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