China’s August manufacturing slips to 6-month low
BEIJING (Reuters) -China’s manufacturing slowed to a six-month low in August, an official factory survey showed on Saturday, raising expectations policymakers will unveil fresh plans to direct more stimulus to households and less to infrastructure projects. The official purchasing managers’…
Brazil’s government forecasts 2.6% GDP growth in 2025, inflation to hit 3.3%
BRASILIA (Reuters) – Brazil’s government forecast economic growth of 2.6% and inflation of 3.3% for 2025 in its draft budget proposal for the coming year, which was submitted to Congress late Friday. The proposal projects that the central government —…
August jobs report to confirm July weakness, forcing Fed into 50bp Sept. rate cut
Investing.com — The August jobs report is likely to show the weak labor market seen in July wasn’t transitory, paving the way for the Fed to kick off the rate cutting cycle with a jumbo cut, economists at Citi said…
Silicon Valley Bank’s Chinese partner buys out stake in joint venture
BEIJING (Reuters) – Silicon Valley Bank’s Chinese joint venture will become a wholly owned unit of Shanghai Pudong Development Bank, following approval to change its name to Shanghai Innovation Bank, a Chinese financial regulator said late on Friday. Silicon Valley…
Bank of Korea to hold rates steady on Thursday, first cut seen in Oct: Reuters poll
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – The Bank of Korea will keep its key interest rate at 3.50% on Thursday and cut it next quarter after the U.S. Federal Reserve likely begins easing in September, according to a…
Powell’s speech, rising US futures, Paramount Global – what’s moving markets
Investing.com — Wall Street looks set to continue its winning streak, helped by substantial inflows, amid optimism that Fed Chair Jerome Powell will point to interest rate cuts ahead at the Jackson Hole symposium at the end of the week. …