Morning Bid: From GDP data to tech earnings, a lot to chew on
A look at the day ahead in European and global markets from Rae Wee Investors will have a full calendar of major releases to digest on Wednesday, from bank and Big Tech earnings to a UK budget, along with a…
In the Market: How Harris, Trump promises could feed market’s addiction to the Fed
By Paritosh Bansal (Reuters) – The Federal Reserve risks moving beyond its role as a lender of last resort to a prop markets need to function even in normal times, with pressures likely to increase as U.S. presidential candidates look…
US economy seen shining on election eve amid robust consumer spending
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy likely maintained a solid pace of growth in the third quarter as subsiding inflation and strong wage gains powered consumer spending ahead of a contentious presidential election set to turn on…
Analysis-China’s looming fiscal package set to stabilise rather than boost growth
By Kevin Yao and Ziyi Tang BEIJING (Reuters) – China’s planned fiscal package targets damaged property and local government balance sheets that weigh on the economy and fuel deflationary pressures, thus acting as a stabiliser rather than the instant growth…
Alphabet shares in Frankfurt rise 1.8% after results
LONDON (Reuters) – Shares of Google parent Alphabet (ETR:ABECG) rose 1.8% in Frankfurt on Wednesday a day after the company said its AI investments were “paying off” as its earnings and revenue came in ahead of analyst’s expectations. Its U.S….
Column-The peculiar ‘no show’ from US cash funds: Mike Dolan
By Mike Dolan LONDON (Reuters) – A flood of money was expected to cascade from U.S. cash funds to riskier assets as interest rates began to tumble. But so far, this flood has been missing in action, raising the question…