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Australia jobless rate hits near five-year high of 4.5% in July

Australia jobless rate hits near five-year high of 4.5% in July

SYDNEY, Aug 20 (Reuters) - Australian employment unexpectedly fell in July and the jobless rate hit its highest since late 2021, data showed on Thursday, easing pressure on the central bank to raise interest rates. The weak report sent the Australian dollar down 0.2% to $0.7111.

Bank of England to hold rates for remainder of year despite inflation risks

Bank of England to hold rates for remainder of year despite inflation risks

By Nushaiba Iqbal BENGALURU, Aug 18 - The Bank of England will leave interest rates unchanged at 3.75% for the rest of the year, according to a strong majority of economists polled by Reuters, clinging to a view they've held since the U.S.-Israeli war on Iran began in late February.

UK labour market loses more momentum in second quarter

UK labour market loses more momentum in second quarter

By Andy Bruce and David Milliken LONDON, Aug 18 (Reuters) - Britain's labour market cooled further in the second quarter, marked by slowing earnings growth in the private sector and the smallest number of vacancies in more than five years, official data showed on Tuesday.

Bank of England to hold rates for remainder of year despite inflation risks: Reuters poll

Bank of England to hold rates for remainder of year despite inflation risks: Reuters poll

BENGALURU, Aug 18 - The Bank of England will leave interest rates unchanged at 3.75% for the rest of the year, according to a strong majority of economists polled by Reuters, clinging to a view they've held since the U.S.-Israeli war on Iran began in late February.

Home Depot rides steady repair demand as housing market remains subdued

Home Depot rides steady repair demand as housing market remains subdued

By Angela Christy M Aug 18 (Reuters) - Home Depot beat Wall Street estimates for second-quarter sales and profit on Tuesday, as strong demand from customers for repair and maintenance helped offset sluggish spending on big-ticket projects such as kitchen renovations.

Dollar range-bound as markets price dovish Fed response

Dollar range-bound as markets price dovish Fed response

By Chibuike Oguh and Harry Robertson NEW YORK/LONDON, Aug 18 (Reuters) - The U.S. dollar was trading range-bound against major peers on Tuesday as markets continued pricing in a dovish response from the Federal Reserve in the wake of softer economic data.

Fed policymakers' inflation concerns increased at July meeting, minutes show

Fed policymakers' inflation concerns increased at July meeting, minutes show

WASHINGTON, Aug 19 (Reuters) - Concern about inflation deepened at the Federal Reserve's meeting last month, with "several" policymakers ready to raise interest rates and "many" saying a hike in borrowing costs would be needed if inflation does not decline to the U.S. central bank's 2% target, the

US Treasury Secretary Bessent doubles US long-bond buybacks in the face of surging yields

US Treasury Secretary Bessent doubles US long-bond buybacks in the face of surging yields

By David Lawder WASHINGTON, Aug 19 (Reuters) - The U.S.

Asian shares mark time as Gulf war keeps oil prices up

Asian shares mark time as Gulf war keeps oil prices up

By Stella Qiu SYDNEY, Aug 17 (Reuters) - Asian shares drifted sideways on Monday while investors kept a wary eye on oil prices, which notched sizeable gains last week as the lack of progress towards ending the Iran war kept inflation risks tilted to the upside.

Shares steady, dollar slips as markets pare Fed rate risks

Shares steady, dollar slips as markets pare Fed rate risks

By Lawrence White LONDON, Aug 17 (Reuters) - Global shares edged higher and the dollar fell to its lowest level since June on Monday after a run of soft U.S. economic data, including an unexpected drop in retail sales, saw markets reduce bets for an imminent rate hike from the Federal Reserve.

Shares rise, dollar slips as markets pare Fed rate risks

Shares rise, dollar slips as markets pare Fed rate risks

By Lawrence White LONDON, Aug 17 (Reuters) - Global shares edged higher and the dollar slipped towards two-month lows on Monday after a run of soft U.S. economic data, including an unexpected drop in retail sales, saw markets reduce bets for an imminent rate hike from the Federal Reserve.

Stocks, dollar fall after weak data; yields rise

Stocks, dollar fall after weak data; yields rise

By Karen Brettell NEW YORK, Aug 17 (Reuters) - U.S. stocks ended down on Monday and the dollar hit a two-month low against the euro as soft U.S. economic data, including an unexpected drop in retail sales, prompted markets to scale back bets on an imminent Federal Reserve interest rate move.