Mining The Markets

Updated

Spain’s inflation falls in August to slowest pace in a year

BY Reuters  • August 29, 2024August 29, 2024
(Reuters) -Spain’s EU-harmonised annual inflation fell to 2.4%, its slowest pace in a year, thanks to lower fuel and food prices, preliminary data released by the National Statistics Institute ([...]
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Analysis-As it reins in wasteful investment, China frets over growth

BY Reuters  • August 29, 2024August 29, 2024
By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG (Reuters) – China’s local governments have fallen behind on their debt issuance plans as scrutiny mounts over potentially wasteful infra[...]
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Asian firms’ earnings outlook improves as chip sector shines

BY Reuters  • August 29, 2024August 29, 2024
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – A key Asia stock index has gained its biggest lift in earnings projections in more than three years, as the region’s semiconductor[...]
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Wall Street ends down; investors brace for Nvidia report

BY Reuters  • August 28, 2024August 28, 2024
By Noel Randewich and Johann M Cherian (Reuters) -U.S. stocks fell on Wednesday ahead of a quarterly report from Nvidia, Wall Street’s centerpiece event of the week that could shatter or add fre[...]
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Stocks fall, Nvidia down 3% after the bell despite strong earnings

BY Reuters  • August 28, 2024August 28, 2024
By Chibuike Oguh and Lawrence White NEW YORK/LONDON (Reuters) -Global equity markets eased while the U.S. dollar rebounded on Wednesday, and then chipmaker Nvidia’s better-than-expected results[...]
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Brazil’s Lula to nominate Galipolo as central bank chief, says finance minister

BY Reuters  • August 28, 2024August 28, 2024
By Marcela Ayres BRASILIA/SAO PAULO (Reuters) – Brazil’s President Luiz Inacio Lula da Silva has picked central bank monetary policy director Gabriel Galipolo to be the institution’s[...]
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Toronto market falls for second day as investors book profits

BY Reuters  • August 28, 2024August 28, 2024
By Fergal Smith (Reuters) – Canada’s main stock index extended its pullback from a record high on Wednesday, as profit-taking in most sectors of the market offset gains for financials afte[...]
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Mexico central bank shrinks 2024 GDP growth forecast to 1.5%

BY Reuters  • August 28, 2024August 28, 2024
By Sarah Morland MEXICO CITY (Reuters) -The Bank of Mexico cut its forecast for economic growth this year and next, according to the central bank’s quarterly report on Wednesday, citing weaker f[...]
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US dollar advances on month-end demand; focus on economic data

BY Reuters  • August 28, 2024August 28, 2024
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar gained on Wednesday due to month-end buying and technical factors after recent declines that pushed it to its weakest in more than a yea[...]
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