Fed’s Evans says ball is in Congress’ court on U.S. economy

Economy5 hours ago (Aug 03, 2020 05:20PM ET) (C) Reuters. FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans speaks during the Global Interdependence Center Members Delegation Event in Mexico City By Ann Saphir (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Monday called forcefully for more U.S. government spending to support the […]

U.S. Treasury Lifts Quarterly Borrowing Estimate to $947 Billion

Forex7 hours ago (Aug 03, 2020 03:18PM ET) (C) Reuters. U.S. Treasury Lifts Quarterly Borrowing Estimate to $947 Billion (Bloomberg) — The U.S. Treasury said it expects to raise $947 billion in debt over the three months through September to fund the massive and continuing spending surge to address the coronavirus crisis. The figure, released […]

U.S. economic recovery appears to have slowed in July, Fed’s Bullard says

Economy8 hours ago (Aug 03, 2020 02:50PM ET) (C) Reuters. FILE PHOTO: St. Louis Fed President James Bullard speaks about the U.S. economy during an interview in New York By Jonnelle Marte (Reuters) – The U.S. economic recovery from the coronavirus-induced recession likely slowed in July after surprising to the upside in May and June, […]

UK urges medicine suppliers to stockpile before Brexit transition ends

Economy10 hours ago (Aug 03, 2020 01:00PM ET) (C) Reuters. Illustration photo shows various medicine pills in their original packaging in Brussels LONDON (Reuters) – The British government has urged medicine suppliers to prepare for the country’s exit from the EU single market and customs union on Dec. 31 by building up six weeks’ worth […]

Italy enjoys oversized ECB support as debt balloons

Economy11 hours ago (Aug 03, 2020 11:20AM ET) (C) Reuters. European Union and Italian flags are seen in downtown Rome FRANKFURT (Reuters) – Italy enjoyed oversized purchases of its government debt by the European Central Bank in June and July, standing out as the main beneficiary of ECB efforts to support the virus-stricken euro zone […]

Go your own way: U.S. and UK bonds part ways from Germany and Japan

Economy11 hours ago (Aug 03, 2020 11:15AM ET) (C) Reuters. FILE PHOTO: A 3D-printed coronavirus model is seen in front of a U.S. flag on display in this illustration By Dhara Ranasinghe and Sujata Rao LONDON (Reuters) – Sovereign borrowing costs have taken another lurch lower as more COVID-19 outbreaks threaten economic recovery, yet five […]

ECB Extends Remote Working to End of Year as Virus Picks Up

Stock Markets1 hour ago (Aug 03, 2020 08:54AM ET) (C) Bloomberg. The European Central Bank (ECB) headquarters stands near residential apartment blocks in Frankfurt, Germany, on Wednesday, April 29, 2020. The ECB’s response to the coronavirus has calmed markets while setting it on a path that could test its commitment to the mission to keep […]

Watch Now: Here’s What’s Moving Markets – August 3 (Video)

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Europe cushions workforce as U.S. lifeline runs threadbare

2/2 (C) Reuters. FILE PHOTO: Hundreds of people line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort 2/2 By Tom Sims and Norma Galeana FRANKFURT/LOS ANGELES (Reuters) – – While millions of U.S. workers thrown into unemployment by the coronavirus pandemic fret about feeding their families, idled […]

Top 5 Things to Know in the Market on Monday, August 3rd

(C) Reuters. By Peter Nurse Investing.com — TikTok has become the latest flashpoint between the Chinese and U.S. governments as Microsoft (NASDAQ:MSFT) circles, while Wall Street is set for a quiet start as the earnings season continues. Investors will be looking at Washington for more news about another relief package as the coronavirus enters a […]