Mining The Markets

Updated

US economy displays resilience with low layoffs, solid second-quarter growth

BY Reuters  • August 30, 2024August 30, 2024
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new applications for jobless benefits slipped last week, but re-employment opportunities for laid-off workers are becoming[...]
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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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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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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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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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US ‘exorbitant privilege’ is alive and well: McGeever

BY Reuters  • August 30, 2024August 30, 2024
By Jamie McGeever ORLANDO, Florida (Reuters) -U.S. Treasuries may not be quite as risk-free as they once were, and the dollar’s stranglehold on global currency reserves may have loosened, but ta[...]
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Australian retail sales lose steam as tax cuts fail to excite shoppers

BY Reuters  • August 30, 2024August 30, 2024
By Stella Qiu SYDNEY (Reuters) -Australian retail sales were flat in July after two months of upbeat results, showing large-scale tax cuts were yet to boost spending and firming expectations the next[...]
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Sterling’s stunning rally keeps twitchy currency markets on edge

BY Reuters  • August 30, 2024August 30, 2024
By Naomi Rovnick LONDON (Reuters) -Sterling has hit roughly 2-1/2 years highs against the dollar and is flying high versus the euro, in moves analysts warn are underpinned by speculative interest rate[...]
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Israel central bank unlikely to cut rates again in 2024, deputy governor says

BY Reuters  • August 30, 2024August 30, 2024
JERUSALEM (Reuters) – The Bank of Israel is unlikely to lower short-term interest rates at its remaining two 2024 policy meetings given rising price pressures and persisting geopolitical risk, d[...]
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