Mining The Markets

Updated

Canada moves to end rail shutdown quickly; CN workers to return to work

BY Reuters  • August 23, 2024August 23, 2024
By David Ljunggren and Promit Mukherjee OTTAWA (Reuters) -Workers at Canadian National Railway will begin returning to work on Friday, the Teamsters union said, hours after the Canadian government mov[...]
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BOJ’s Ueda signals readiness to raise rates if growth, inflation on track

BY Reuters  • August 23, 2024August 23, 2024
By Leika Kihara and Satoshi Sugiyama (Reuters) -Bank of Japan Governor Kazuo Ueda on Friday reaffirmed his resolve to raise interest rates if inflation stayed on course to sustainably hit the 2% targe[...]
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Australia Treasurer amends RBA reforms after opposition objections

BY Reuters  • August 23, 2024August 23, 2024
By Alasdair Pal SYDNEY (Reuters) -Australia Treasurer Jim Chalmers said on Friday he was prepared to amend some proposed reforms of the Reserve Bank of Australia after objections from the opposition c[...]
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Stocks decline and dollar rebounds as Fed readies rate cuts

BY Reuters  • August 22, 2024August 22, 2024
By Lawrence Delevingne (Reuters) -Stocks fell and the dollar gained on Thursday as traders digested fresh economic data and awaited confirmation from the U.S. Federal Reserve on Friday that it will so[...]
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Wall St ends lower as tech shares weigh; Jackson Hole in focus

BY Reuters  • August 22, 2024August 22, 2024
By Stephen Culp NEW YORK (Reuters) -All three major U.S. stock indexes lost ground on Thursday, weighed by technology shares, as Treasury yields rose on easing recession fears and global central bank[...]
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What to look for at Fed’s Jackson Hole symposium

BY Reuters  • August 22, 2024August 22, 2024
By Ann Saphir (Reuters) – Central bankers from around the world fly into Jackson Hole, Wyoming, this week to attend what has become the globe’s premier economic gathering, the Kansas City[...]
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Fed policymakers flag rate cuts as job market cools

BY Reuters  • August 22, 2024August 22, 2024
By Ann Saphir and Michael S. Derby JACKSON HOLE, Wyoming (Reuters) -Federal Reserve policymakers on Thursday lined up in support of U.S. interest-rate cuts starting next month now that inflation is we[...]
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Toronto market ends lower as rail stoppage threatens economy

BY Reuters  • August 22, 2024August 22, 2024
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index pulled back from a record high on Thursday as Toronto-Dominion Bank reported its first loss in over two decades and a railroad[...]
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US capital hikes and other Wall Street bank rules now hinge on US election

BY Reuters  • August 22, 2024August 22, 2024
By Pete Schroeder WASHINGTON (Reuters) – U.S. regulators will not be able to finalize contentious bank capital hikes before the November presidential election, casting doubt over whether those a[...]
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