(Adds quotes, details, context)SYDNEY, Feb 13 (Reuters) - Australia's central bank on Tuesday cautioned that any pick up in wage growth was likely to be slow and protracted, weighing on household incomes and spending power amid high levels of debt.Reserve Bank of Australia (RBA) Assistant Governor Luci Ellis said policy makers were a little more confident that wages and inflation would eventually...Read More
Jason LangeWASHINGTON (Reuters) - U.S. President Donald Trump with his budget proposal raises his bet that he will boost the economy before high inflation and interest rates get in the way.Congress has already given him tax cuts and increased deficit spending that is expected to stimulate the economy.But here’s the risk: Trump’s stimulus could boost hiring without triggering the kinds...Read More
Ginger Gibson, James OliphantWASHINGTON (Reuters) - President Donald Trump proposed a budget on Monday that calls for cuts in domestic programs and seeks a sharp increase in military spending and funding for a wall on the Mexican border.Presidential budgets are rarely enacted by the U.S. Congress, which controls federal purse strings, but they allow the White House to lay out its priorities for th...Read More
SYDNEY, Feb 13 (Reuters) - Australia's central bank on Tuesday cautioned that any pick up in wage growth was likely to be slow and protracted, weighing on household incomes and spending power amid high levels of debt.Reserve Bank of Australia (RBA) Assistant Governor Luci Ellis said policy makers were a little more confident that wages and inflation would eventually turn higher.However, Australia...Read More
(New throughout, updates prices and market activity)MEXICO CITY, Feb 12 (Reuters) - Latin American currencies firmed on Monday as markets stabilized following last week's extreme volatility and steep losses.Appetite for risk-taking crept back into currency markets, helping higher-yielding emerging market currencies including the Colombian peso, which was up close to 2 percent after shedding more t...Read More
(Adds details on stocks, updates prices)By Nichola SaminatherTORONTO, Feb 12 (Reuters) - Canada's main stock index recovered on Monday to post its biggest one-day gain since July 2016, with all 10 sectors in positive territory, taking their cue from a rebound in global stocks, oil and metals following a brutal week. * The Toronto Stock Exchange's S&P/TSX composite index closed up 206.87 points...Read More
The Dow rallied triple digits for a second straight session, marking its first back-to-back gains in February. A surge in tech stocks helped the index rally more than 400 points, with all but two of the 30 Dow stocks finishing in the black. The S&P and Nasdaq also rebounded following the stock market's worst week since 2016, with materials and industrial stocks gaining after President Donald Trump...Read More
Feb 13 (Reuters) - Australian shares are expected to open slightly firmer on Tuesday, tracking a stronger finish on Wall Street which closed higher for a second straight day. The local share price index futures rose 24 points to 5765.0, a 55.7-point discount to the underlying S&P/ASX 200 index close. The benchmark index fell 0.3 percent on Monday.New Zealand's benchmark S&P/NZX 50 index ro...Read More
By Nichola SaminatherTORONTO, Feb 12 (Reuters) - Canada's main stock index unofficially closed higher on Monday, rebounding from a five-month low as oil and metals prices rose. The Toronto Stock Exchange's S&P/TSX composite index ended the day up 206.87 points, or 1.4 percent, at 15,241.88. (Reporting By Nichola Saminather, Editing by Rosalba O'Brien) Disclaimer: The views expressed in this a...Read More
By Heather SomervilleSAN FRANCISCO, Feb 12 (Reuters) - Grocery delivery service Instacart has raised $200 million in fresh funding, the company said on Monday, boosting its valuation and providing new resources for the startup to compete against heavyweight Amazon.com Inc .Instacart, a San Francisco-based company that shops for and delivers groceries from about 200 retailers including Target Corp...Read More
SEOUL, Feb 13 (Reuters) - The following are foreign investors' holdings in local bonds and stocks for January, released by South Korea's Financial Supervisory Service on Tuesday (in trillion won):JanuaryDecemberBonds*100.998.5 Stocks*658.8 635.9*Foreign investors purchased a net 3.24 trillion won ($2.99 billion) of local stocks and a net 4.62 trillion won of local bonds in January.($1 = 1,083.0900...Read More
NEW YORK, Feb 12 (Reuters) - Wall Street's three major indexes rebounded on Monday with broad-based gains across sectors as investors appeared to regain confidence after U.S. equities' biggest weekly drop in two years.The Dow Jones Industrial Average rose 409.47 points, or 1.69 percent, to 24,600.37, the S&P 500 gained 36.39 points, or 1.39 percent, to 2,655.94 and the Nasdaq Composite added 1...Read More
* U.S. 30-year touch 11-month peak* U.S. safe haven bids in Treasuries slow amid stock rally* Trump unveils new budget (Recasts first paragraph, adds comment, updates prices, table)By Gertrude Chavez-DreyfussNEW YORK, Feb 12 (Reuters) - U.S. Treasury yields rose on Monday, with benchmark 10-year yields hitting a four-year high and those on 30-year bonds climbing to an 11-month peak, as a stock ral...Read More
LUANDA, Feb 12 (Reuters) - Angola's central bank said on Monday it was the sole responsibility of commercial banks to sell foreign currency to the public and that it would sell forex only to large importers of essential goods. The southern African nation in January abandoned the kwanza's peg to the U.S. dollar, devaluing it by about 10 percent, in a bid to attract capital to the oil-exporting coun...Read More
The 20 stocks listed in the table below have attracted the highest total options volume during the past 10 days. Stocks highlighted in yellow are new entries to the list, and data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Two names standing out in today's trading are e-commerce concern Alibaba Group Holding Ltd (NYSE:BABA) and chip stock NVIDIA Corporation (NASDAQ:NVDA...Read More
U.S. stocks arehigher today, with the Dow last seen up around over 480 points. Among the stocks making notable moves today are online mailing and shipping name Stamps.com Inc. (NASDAQ:STMP), drugmaker Collegium Pharmaceutical Inc (NASDAQ:COLL), and hardwood flooring retailer Lumber Liquidators Holdings Inc (NYSE:LL). Here's a closer look at what's moving shares of STMP, COLL, and LL today.Amazon...Read More
(Updates prices, quotes)By Kate DuguidNEW YORK, Feb 12 (Reuters) - The dollar fell against the euro on Monday following its best week against the single currency in nearly 15 months, as U.S. stocks recouped some losses from the dramatic selloff that saw the S&P 500's sharpest decline in more than two years. The selloff across asset classes forced investors betting against the U.S. currency to...Read More
* Dollar on track for weakest day since Feb. 1* Eyes on U.S. inflation data due Wednesday (Updates prices; adds comment, second byline, NEW YORK dateline)By Marcy Nicholson and Pratima DesaiNEW YORK/LONDON, Feb 12 (Reuters) - Gold prices rose on Monday as the dollar eased, but gains are expected to be muted ahead of inflation data from the United States later this week that could mean U.S. interes...Read More
Getty ImagesThe U.S. Treasury said the federal budget deficit was $49 billion in January. The numbers: The U.S. government had a monthly budget surplus of $49 billion in January, down slightly from the same month last year. For the fiscal year to date, the government's deficit is $176 billion, up from $159 billion in the year-ago period. What happened: Some of the big drivers of spending in Ja...Read More
MEXICO CITY, Feb 12 (Reuters) - Mexico's retail association said on Monday that sales at stores open for at least a year rose 3.9 percent in January from the same month a year earlier.The group, known as ANTAD, includes retail chains such as Wal-Mart de Mexico and Soriana .Total sales grew 7.3 percent compared with January 2017, the group said. (Reporting by Daina Beth Solomon) Disclaimer: The vi...Read More