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Inflation jitters take toll on European stocks ahead of earnings
(Reuters) -European shares slipped on Tuesday as investors feared that soaring commodity prices would hamper a recovery in corporate profit, with fresh signs of troubles at property developer China Evergrande also hitting confidence.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 8, 2021. REUTERS/StaffThe pan-European […]
U.S. economy grows steadily in fourth-quarter, but coronavirus looms large
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy grew moderately in the fourth quarter, the government confirmed, and is facing a bumpy road in early 2020 amid the fast-spreading coronavirus that has left financial markets fearing a recession. Though other data on Thursday suggested some stabilizing in business investment in January and the labor […]
South Korea central bank will be cautious on any further policy easing: governor
SEOUL (Reuters) – South Korea’s central bank chief said on Friday the bank must take a cautious approach to any further rate cuts, as economic indicators need to be assessed carefully to gauge the impact of China’s coronavirus outbreak on the economy. “(The bank) is aware of market expectations of policy interest rate easing but […]