U.S. import prices fell for the first time in seven months in July, helped by a strong dollar and lower fuel and nonfuel costs, while consumers' one-year inflation outlook ebbed in August, the latest signs that price pressures may have peaked.
The U.S. Federal Reserve's plan to unwind its bond-bloated balance sheet has taken a backseat to its dramatic interest rate hikes of recent months - but it may make a comeback at Jackson Hole.
Wall Street's main indexes rose on Friday, setting the S&P 500 and the Nasdaq for a fourth straight week of gains on easing bets of another super-sized interest rate hike on evidence of cooling inflation.
Irish house prices returned in June to levels not seen since the credit-fuelLed peak of 2007, after data on Friday showed further rapid rises that experts have this time attributed to a dearth of supply rather than an overabundance of credit.
Taiwan's economy is likely to grow at a slower pace this year that initially forecast, the statistics office said on Friday, lowering its outlook due to global inflation and slowing consumer demand in major markets.
Some of the world's biggest money managers are talking to investors and regulators about stripping Russian assets from their funds, helping them unlock billions of dollars of investments which became illiquid due to the war in Ukraine.
French maize crop conditions declined steeply last week to their lowest level in at least a decade, data from farm office FranceAgriMer showed, as a worsening drought and latest heatwave baked fields in the European Union's top grain producer.
Britain's economy contracted by less than feared in June, when public holidays had been expected to exert a big drag, although sectors most exposed to a worsening cost of living crisis, like retail and restaurants, struggled.
Malaysia's economy grew at its fastest annual pace in a year in the second quarter, boosted by expansion in domestic demand and resilient exports, but a slowdown in global growth is expected to pose a risk to the outlook for the rest of 2022.
Japan's core consumer price index (CPI) for July likely rose 2.4% from a year earlier, accelerating to the fastest pace in nearly eight years and topping the central bank's 2% inflation target for a fourth month, a Reuters poll showed on Friday.
Asian stocks tracked Wall Street losses and the yen fell on Friday as investors remained filled with uncertainty over how aggressively the Federal Reserve would raise interest rates to tackle inflation despite softer numbers earlier this week.
China Tourism Group Duty Free Corp is aiming to raise up to $2.16 billion through a new listing in Hong Kong, according to a term sheet reviewed by Reuters, in what will be the largest share sale in the city so far in 2022.
The Reserve Bank of New Zealand (RBNZ) will stick to its hawkish stance and deliver a fourth straight half-point rate hike on Wednesday in its most aggressive tightening in over two decades to try to rein in stubbornly-high inflation, a Reuters poll found.
The Japanese yen fell the most against a resurgent U.S.
Oil prices dipped in early trade on Friday amid uncertainty on the demand outlook based on contrasting views from OPEC and the International Energy Agency (IEA), but benchmark contracts were headed for weekly gains as recession fears eased.
Thailand's economy likely grew at its fastest pace in a year last quarter, thanks to increased tourism as pandemic curbs eased, but the high cost of living and a slowdown in China pose threats to the outlook, a Reuters poll showed.
Canada's inverted yield curve is signaling the Bank of Canada may raise interest rates to a level that triggers a recession, placing the central bank in a tough spot as it aims to tame high inflation and engineer a "soft landing" for the economy.
European shares edged higher on Thursday after a strong rally in the previous session on signs of U.S.
Colombia will prioritize the diversification of its exports to reduce its dependence on oil, gas and mining and combat its high trade deficit, its new Finance Minister Jose Antonio Ocampo said on Thursday.
The S&P 500 was trading at its highest level in more than three months on Thursday, extending a rally from the previous session as fresh evidence of cooling inflation further cemented hopes of a smaller rise in interest rates.
U.S. startups seeking early-stage funding saw a decline in their valuations in the second quarter, as jittery venture capital investors urge founders to make more concessions.
U.S high-yield bond funds are attracting heavy investments, a turnaround from the selloffs of the first half of this year, as investors bet that the Federal Reserve will limit future interest rate hikes to try to avert an economic slowdown.
OPEC cut its forecast for growth in world oil demand in 2022 for a third time since April, citing the economic impact of Russia's invasion of Ukraine, high inflation and ongoing efforts to contain the coronavirus pandemic.
Canada's main stock index looked set to extend gains on Thursday, boosted by softer-than-expected U.S.
The average price of U.S. retail gasoline fell below $4 per gallon on Thursday for the first time in months, giving some relief to drivers in the world's largest consumer of the fuel.
Bearish bets on emerging Asian currencies eased on hopes that monetary tightening will cool red-hot inflation, with short bets on the Thai baht falling sharply after the first rate hike in the country in nearly four years, a Reuters poll found.
Singapore's economy expanded less than initially estimated in the second quarter and the government revised its growth projections for 2022 lower, flagging risks to the global outlook from the Ukraine war and inflation.
The euro and Japanese yen were sitting pretty on Thursday morning after U.S. inflation data overnight came in less hot than feared and sent the dollar tumbling.
New Zealand house prices fell in July with the median price recording its first annual fall since 2011, the Real Estate Institute of New Zealand (REINZ) said on Thursday.
Softer than expected U.S. inflation data buoyed investors' faith that twin rebounds in stocks and bonds will persist in a year of deep losses for both asset classes.
