CALM

Wall St posts third straight quarterly loss as inflation weighs and recession looms

Wall St posts third straight quarterly loss as inflation weighs and recession looms

S&P 500 posts biggest September percentage decline in 20 years All three major U.S. stock indexes post three-quarter declines Core inflation data is warmer than expected Indices down: Dow 1.71%, S&P 1.51%, Nasdaq 1.51% NEW YORK, Sept 30 (Reuters) – The S&P 500 closed its biggest September decline in two decades on Friday, skidding across …

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China's factory and services surveys suggest the economy is struggling to rebound

China’s factory and services surveys suggest the economy is struggling to rebound

China’s official September manufacturing PMI above forecast Private survey shows factory activity has contracted sharply Growth in services sector activity slowed in September – official survey COVID curbs, easing foreign demand, weak real estate weigh BEIJING, Sept 30 (Reuters) – China’s manufacturing activity slowed growth in September, but slowing service sector growth and a pessimistic …

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Bank of England moves to calm bond market rout after tax cut storm

Bank of England moves to calm bond market rout after tax cut storm

BoE starts buying bonds, delays gilt sales IMF ‘does not recommend’ policies like UK growth plan Fin min Kwarteng and PM Truss criticized for their politics The British Pound is trading down 0.7% at $1.065 Kwarteng meets bank bosses again LONDON, Sept 28 (Reuters) – The Bank of England sought to quell the firestorm in …

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S&P 500 falls to two-year low, bear market rally dies out

S&P 500 falls to two-year low, bear market rally dies out

Sep 27 (Reuters) – The S&P 500 (.SPX) fell to its lowest level in nearly two years on Tuesday on concerns over the Federal Reserve’s super-aggressive policy tightening, trading below its June low and letting investors gauge how many more shares would need to fall before leveling off. Stocks have been under pressure since late …

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Global stocks break November 2020 lows, sterling regains ground

Global stocks break November 2020 lows, sterling regains ground

Join now for FREE unlimited access to Reuters.com Register The dollar has eased since its 20-year highs reached on Monday German 10-year bond yields hit near 11-year highs Oil rebounds from Monday’s nine-month lows LONDON/HONG KONG, Sept 27 (Reuters) – Global stocks rebounded on Tuesday after hitting 21-month lows and the pound rebounded from record …

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Frugal is the new trend for young Chinese as the economy falters

Frugal is the new trend for young Chinese as the economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: a new car, a bigger apartment, fine dining on weekends and vacations on tropical islands. Instead, the 39-year-old marketing consultant from Shanghai is one of many Chinese in their 20s and 30s cutting spending and saving …

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