EXCLUSIVE Germany to hike 2022 inflation forecast to 6.1% – document

The skyline is pictured at the end of the first day under a partial lock down of the city by authorities due to the spread of the coronavirus disease (COVID-19) in Frankfurt, Germany, March 18, 2020. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register BERLIN, April 25 (Reuters) – The German government … Read more

Gold marks weekly dip on looming rate hikes, dollar rally

Spot gold hits two-week trough Silver on track for biggest weekly drop since late January April 22 (Reuters) – Gold fell 1% on Friday and was set for its biggest weekly decline since mid-March as signs of faster policy tightening by the Federal Reserve lifted Treasury yields and the dollar. Spot gold was down 0.9% … Read more

Big business joins forces to bridge Germany’s growing skills gap

BERLIN, April 22 (Reuters) – Germany’s industrial heavyweights are teaming up to retrain workers in areas such as software and logistics to fill a growing skills gap and avoid layoffs among workers of all ages as the economy shifts to clean energy and online shopping. More than 36 major companies, ranging from auto suppliers such … Read more

Macron, Le Pen face off in high stakes election debate

Debate kicks off at 1900 GMT Macron, Le Pen in tight race to win election France votes on Sunday PARIS, April 20 (Reuters) – French President Emmanuel Macron and far-right challenger Marine Le Pen will face off on Wednesday evening in their only debate ahead of Sunday’s presidential election. For Le Pen, who lags Macron … Read more

Analysis: Wealth shock – property bust in small Chinese cities rattles households

New home prices in lower-tier cities down for seven months Households in smaller cities hit by falling home values Inventories in lower-tier cities swell as demand stays poor BEIJING, April 20 (Reuters) – Home owners in small Chinese cities are battling a rare property market downdraft as buyers keep away, eroding the wealth of millions … Read more

Calling time on QE, central banks prep for synchronized asset cull

April 19 (Reuters) – Major central banks, already plotting interest rate hikes in a fight against inflation, are also preparing a common pullback from key financial markets in a first-ever round of global “quantitative tightening” expected to restrict credit and add stress to an already-slowing world economy. The US Federal Reserve and its major counterparts … Read more

Home prices seen rising, renters see purchase prospects fade: NY Fed survey

Newly constructed single family homes are shown for sale in Encinitas, California, US, July 31, 2019. REUTERS/Mike Blake/File Photo Register now for FREE unlimited access to Reuters.com Register April 18 (Reuters) – US households expect home prices and rents to rise sharply this year, and while growth in both are then seen slowing, renters see … Read more

China Q1 GDP tops forecast, but March weakness sharply raises outlook risks

China Q1 GDP +4.8% y/y, risks to outlook rise sharply March activity indicators already show growing stress Retail sales contract 3.5% in March, vs -1.6% in poll March nationwide jobless rate highest since May 2020 Industrial output, investment beat forecasts BEIJING, April 18 (Reuters) – China’s economy slowed in March as consumption, real estate and … Read more

The game is afoot: central banks ramp up inflation fight

Traders work as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen at the New York Stock Exchange (NYSE) in New York City, US, March 16, 2022. REUTERS/Brendan McDermid//File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, April 14 (Reuters) – Central banks are racing to get on top … Read more

Fed to raise rates aggressively in coming months, say economists

The Federal Reserve building is seen in Washington, US, January 26, 2022. REUTERS/Joshua Roberts/File Photo Register now for FREE unlimited access to Reuters.com Register BENGALURU, April 11 (Reuters) – The Federal Reserve is expected to deliver two back-to-back half-point interest rate hikes in May and June to tackle runaway inflation, according to economists polled by … Read more