US single-family starts rise; soaring mortgage rates a challenge
Housing starts increase 7.0% in SeptemberSingle-family starts rise 3.2%; multi-family soar 17.1%Building permits fall 4.4%; single-family increase 1.8%WASHINGTON, Oct 18...
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Morning Bid: To 5% and beyond, bond yields soar
A look at the day ahead in U.S. and global markets from Mike DolanA buoyant U.S. economy, hawkish Federal Reserve...
Sterling trips as traders mull inflation, wary over Middle East
Pound notes and coins are seen inside a cash register in a bar in Manchester, Britain September 6, 2017. REUTERS/Phil...
UK should consider raising BoE inflation target to 3%, think tank says
A general view of the Bank of England (BoE) building, in London, Britain, August 4, 2022. REUTERS/Maja Smiejkowska/File Photo Acquire...
Dollar’s reserve currency status depends on U.S. controlling spending, ‘bond king’ Gundlach warns
Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York City, U.S., May 6,...
Sterling ticks up after UK inflation data marginally tops expectations
A bank employee counts pound notes at Kasikornbank in Bangkok, Thailand October 12, 2010. REUTERS/Sukree Sukplang/File Photo Acquire Licensing RightsLONDON, Oct 18 (Reuters) - Sterling made slim gains on Wednesday after data showed UK inflation held steady in September, though above expectations for a slight retreat.UK consumer price inflation held at 6.7% in September, an 18-month low, showing no acceleration. It was, however, above expectations for a retreat to 6.6%.The pound by 0842 GMT was up 0.15% on the day against the dollar at $1.2205, having earlier risen to $1.2210...
Roaring US economy and foreign murk feeds home bias
LONDON, Oct 18 (Reuters) - With the U.S. economy roaring at a faster pace than China and global politics increasingly hard to fathom, there's a feeling the best bet in town is to stick with U.S. stocks regardless of relative valuations.After another forecast-busting U.S. retail and industrial readings for last month, the Atlanta Federal Reserve's real-time economic growth estimate hit an annualised 5.4%, more than a point higher than China's equivalent.And all against a murkier international backdrop.The Gaza crisis throws yet another geopolitical imponderable into an already crowded and confusing...
ECB starts preparation for digital euro in multi-year project
An expert at the Kosovo Forensic Agency inspects fake 2 euro coins, in Pristina, Kosovo, September 19, 2023. REUTERS/Laura Hasani/File...
Bank of England’s Dhingra sees weaker wage growth, lower inflation
Bank of England Monetary Policy Committee member Swati Dhingra speaks during an event in London, Britain March 8, 2023. REUTERS/Hannah...
Sterling drops after data shows UK job market cooling
Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON,...
