Brazilian markets had their best day since 2020 as Bolsonaro topped the polls

Brazilian markets had their best day since 2020 as Bolsonaro topped the polls

SAO PAULO, Oct 3 (Reuters) – Brazilian markets rallied on Monday as a stronger-than-expected performance by President Jair Bolsonaro and his congressional allies in the first round of a general election eased fears of sharp changes in economic policy. Brazil’s currency gained more than 4% against the dollar, while the benchmark Bovespa stock index (.BVSP)…

Factory activity in Asia is weakening due to a global slowdown and cost pressures

Factory activity in Asia is weakening due to a global slowdown and cost pressures

Japan’s August PMI saw the weakest growth since January last year Manufacturing activity in Taiwan is declining in Malaysia China’s slowdown and US demand weigh on Asian economies TOKYO, Oct 3 (Reuters) – Factory output in Asia mostly weakened in September as a slowdown in demand in China and advanced economies added to pain from…

Reversing fall in UK confidence requires policy turnaround: economists

Reversing fall in UK confidence requires policy turnaround: economists

LONDON, Sept 27 (Reuters) – Investor confidence in Britain will only recover if Finance Minister Kwasi Kwarteng scraps the economic plan that unleashed such turmoil in financial markets, leading economists, investors and banks warned on Tuesday. The pound touched an all-time low of $1.0327 on Monday and British government bonds sold off at a furious…

Morning quote: Fed Chair Powell hopes to make Maradona

Morning quote: Fed Chair Powell hopes to make Maradona

Federal Reserve Chairman Jerome Powell and his wife Elissa Leonard attend a dinner program in Grand Teton National Park where financial leaders from around the world gather for the Jackson Hole Economic Symposium outside Jackson, Wyoming, U.S., August 25, 2022. REUTERS/ Jim Urquhart Sign up now for FREE unlimited access to Reuters.com Register A look…

As Fed warns of turbulence, markets are buckling their seat belts

As Fed warns of turbulence, markets are buckling their seat belts

WASHINGTON, Aug 15 (Reuters) – The Federal Reserve’s hawkish report on inflation quickly registered on U.S. housing markets this summer as mortgage interest rates shot up and home sales slowed. But that was the only significant and expected adjustment across the economy, which met the US central bank’s most aggressive monetary policy shift in a…

The dreaded “down rounds” reduce initial valuations by billions

The dreaded “down rounds” reduce initial valuations by billions

Aug 9 (Reuters) – Several high-flying startups are pulling back as the recent carnage in global stock markets and lackluster demand for new listings forces companies to raise funds at a steep discount to their sky-high valuations. The easy money from venture capital trading is quickly evaporating in an inflation-fueled high-interest-rate environment as many private…