Shares trim losses, dollar dips after jobs report
PARIS (Reuters) – Shares trimmed losses and the dollar dipped on Friday after the U.S. reported job growth slowed more than expected in July and the unemployment rate unexpectedly rose, easing worries that interest rates will rise soon.
Futures pare losses after payrolls report
NEW YORK (Reuters) – U.S. stock index futures pared losses on Friday, after payrolls data in July fell short of expectations, giving the Federal Reserve room to keep interest rates low for a while.
U.S. consumer spending rises, inflation pressures muted
WASHINGTON (Reuters) – U.S. consumer spending rose for a fifth straight month in June, but a moderation in price increases suggested the Federal Reserve will not raise interest rates anytime soon.
China’s factories spring to life as global trade reawakens
SYDNEY (Reuters) – Activity in China’s vast factory sector expanded at the fastest pace in 27 months in July, while industry surveys across Asia showed a pick up in export orders that hinted at a long-awaited revival in global trade.
Britain’s RBS places restrictions on lending in Russia
LONDON (Reuters) – Part-nationalised British lender Royal Bank of Scotland said on Friday it had placed restrictions on its lending in Russia following developments in Ukraine.
BOJ’s Kuroda defends upbeat economic view despite soft data
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda came out fighting on Friday, giving a spirited defence of the economy’s performance after a run of weak data, and reiterated his readiness to expand stimulus if inflation faltered on the path to …
U.S. auto sales party seen increasingly dependent on easy money
DETROIT (Reuters) – The U.S. auto industry hasn’t appeared so healthy for years. Sales hit an eight-year high in June, there appears to be plenty of pent-up demand, and discounting is far from getting out of hand. New plants and production lines are being built, and many auto executives, dealers and securities analysts are optimistic.
Argentine markets fall post-default, New York hearing on Friday
BUENOS AIRES (Reuters) – Argentina’s bond and stock markets and peso currency dropped on Thursday after Latin America’s No. 3 economy defaulted for the second time in 12 years following the collapse of last-ditch talks with holdout creditors.
Asia taken aback by Wall St swoon, pins hopes on China
SYDNEY (Reuters) – Asian shares stumbled on Friday after a month-end swoon on Wall Street, though some were hoping China would offer better news on manufacturing and help steady investor sentiment.
China PMIs jump to multi-month highs in July, add to view economy is steadying
BEIJING (Reuters) – China’s factories posted their strongest growth in at least 1-1/2 years in July as new orders surged to multi-month highs, two surveys showed on Friday, cementing bets that the economy is re-gaining momentum after a spate of stimulu…
