After border agent is killed and partner injured in Texas, Trump renews call for wall

Authorities were searching southwest Texas for suspects or witnesses after a U.S. Border Patrol agent was killed and his partner injured Sunday while on patrol in the state’s Big Bend area, officials said. Agent Rogelio Martinez and his partner were “responding to activity” near Interstate 10 in Van Horn, Tex., when both were seriously injured, according to a Customs and Border Protection news release…

Euro Drops on German Impasse, China Stocks Slide: Markets Wrap

The dollar gained and U.S. stocks rose after two down weeks as Congress took a holiday break from tax talks and the closely watched Alabama senate election neared. Gold tumbled.
The Standard & Poor’s 500 Index climbed at the start of a truncated Thanksgiving week as investors weigh whether there are sufficient drivers to continue the march to historic highs. Strong earnings and solid global growth are balanced against lofty valuations in some markets, as well as the negative signal from the U.S. yield curve…

Oil eases as traders and investors grow edgy ahead of OPEC

NEW YORK (Reuters) – Oil prices slipped on Monday, extending recent weakness ahead of an OPEC meeting next week, while a rally in the dollar negatively affected commodities across the board.
Brent crude futures LCOc1 were down 84 cents at $61.86, or 1.4 percent, by 11:37 a.m. EST (1637 GMT), while U.S. West Texas Intermediate (WTI) crude futures fell 70 cents, or 1.2 percent, to $55.85 a barrel. Oil has been under pressure for the last two weeks since peaking in early November; U.S. crude has lost 2.6 percent…

Growth in Developed Economies Slowed in Third Quarter, OECD Says

Economic growth in developed countries slowed in the three months to September, but remains on course for a pickup in 2017 overall. The Organization for Economic Cooperation and Development said Monday the combined economic output of its 35 members was 0.6% higher in the third quarter than in the three months through June. This was a slowdown from the 0.8% growth recorded in the second quarter…

U.S. industrial production posts 6-month high in October

WASHINGTON (Reuters) – U.S. industrial production recorded its biggest increase in six months in October as the drag from hurricane-related disruptions unwound, but the underlying growth trend in output at the nation’s factories, mines and utility plants remained moderate. Other data on Thursday showed an unexpected rise in new filings for unemployment benefits last week in part because of the processing of a backlog of applications from Puerto Rico…..

U.S. housing starts soar to 1-year high

WASHINGTON (Reuters) – U.S. homebuilding jumped to a one-year high in October as disruptions caused by recent hurricanes in the South faded and communities in the region started replacing houses damaged by flooding. The sharp rebound in home construction reported by the Commerce Department on Friday was also driven by robust gains in the Northeast and Midwest regions.
The broad recovery could ease concerns about the housing market, which has been a drag on economic growth since the second quarter…

Global stocks still on track for second weekly fall

NEW YORK (Reuters) – The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump’s Republican party would succeed in its efforts at U.S. tax reform. U.S. Treasury yields edged lower, in line with declines in U.S. stock indexes and German 10-year bond yields, as risk appetites faded. The yield curve continued to flatten after strong U.S. housing starts data for October…

North Korea rules out negotiations as long as U.S.-S. Korea military drills continue

GENEVA (Reuters) – North Korea on Friday ruled out negotiations with Washington as long as joint U.S-South Korea military exercises continue, and said that Pyongyang’s atomic weapons program would remain as a deterrent against a U.S. nuclear threat. In an interview with Reuters, Han Tae Song, North Korea’s ambassador to the United Nations in Geneva, brushed off the new sanctions which the Trump administration has said it is preparing, as well as the possibility of North Korea being added to a U.S. list of states sponsoring terrorism…

German growth data boosts euro; World stocks, oil prices fall

NEW YORK (Reuters) – The euro was set for its strongest session in more than four months on Tuesday, boosted by strong economic growth in Germany, but world stocks fell for the fourth straight day as oil prices fell and investors worried about U.S. tax reform. U.S. Treasury two-year note yields climbed to a nine-year peak while long-dated debt yields fell, flattening the yield curve flattened for a second straight day, while investors braced for a Federal Reserve December rate hike…

Top four central bank chiefs defend stimulus policies

FRANKFURT – The leaders of four major central banks on Tuesday defended their sweeping stimulus policies and discussed how words themselves have become a vital tool to guide advanced economies out of the financial-crisis era. The rare joint appearance in Frankfurt by the heads of the Federal Reserve, European Central Bank, Bank of Japan and Bank of England comes as several of their governors prepare to step down, notably Fed Chairwoman Janet Yellen in February…

U.S. producer prices rise; inflation firming

WASHINGTON (Reuters) – U.S. producer prices rose more than expected in October, driven by a surge in the cost of services, leading to the biggest annual increase in wholesale inflation in more than 5-1/2 years. Tuesday’s report from the Labor Department also showed steady gains in underlying producer prices, which supported expectations of a gradual increase in inflation and keep the Federal Reserve on track to raise interest rates in December…

Oil prices slide for fourth day after U.S. crude, gasoline stocks rise

LONDON (Reuters) – Oil prices fell for a fourth session on Wednesday, weighed down by worries that data would show U.S. crude inventories rising after this week’s gloomy global demand outlook from the International Energy Agency (IEA). Brent crude futures LCOc1 were down 68 cents at $61.53 a barrel at 1335 GMT, having fallen by 1.5 percent on Tuesday, its largest one-day drop in a month. U.S. West Texas Intermediate (WTI) crude CLc1 was at $55.08 per barrel, down 62 cents…

Newsletter

Zero spam.