Economics http://www.globalpost.com/taxonomy/term/23042/all en GLOBAL MARKETS-U.S. fiscal deal prompts rally in stocks, commodities http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-us-fiscal-deal-prompts-rally-stocks-commodities <p>* Global shares jump after U.S. Congress passes budget deal * Dollar down, euro rises on increase in risk appetite * Oil jumps as commodities join rally in risky assets By Ryan Vlastelica NEW YORK, Jan 2 (Reuters) - Global stock surged while commodities rallied on Wednesday after U.S. legislators struck a deal to halt a round of automatic fiscal tightening that threatened to push the world's largest economy into recession. The deal reached on Tuesday to avert the "fiscal cliff" put off the immediate pain of income tax hikes for almost all U.S.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-us-fiscal-deal-prompts-rally-stocks-commodities" target="_blank">read more</a></p> Bond Business Company Location Economic history Economics Economy of the European Union Economy of the United States Euro Financial economics Foreign exchange market Futures contract Government debt Politics Quotation USD Yield curve Thomson Reuters Thu, 03 Jan 2013 15:49:34 +0000 5730978 at http://www.globalpost.com GLOBAL MARKETS-Share rally stalls as more U.S. budget battles loom http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-share-rally-stalls-more-us-budget-battles-loom <p>* World shares ease back from 18-month highs</p> <p>* Brent oil falls to $112 a barrel</p> <p>* Dollar index hits three-week high</p> <p>* Euro dips 0.3 pct to $1.3150</p> <p>By Richard Hubbard</p> <p>LONDON, Jan 3 (Reuters) - A global share market rally petered out on Thursday as investors focused on U.S. political battles ahead over spending cuts, halting the gains that followed a deal to avoid sharp tax hikes.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-share-rally-stalls-more-us-budget-battles-loom" target="_blank">read more</a></p> Business Economic disasters Economic history Economics Economy of the United States Government oil Person Career Quotation Recessions United States federal budget United States public debt USD World oil market chronology from Thomson Reuters Thu, 03 Jan 2013 16:00:19 +0000 5730983 at http://www.globalpost.com Euro Rates at 2100 GMT - Jan 3 http://www.globalpost.com/dispatch/news/thomson-reuters/130103/euro-rates-at-2100-gmt-jan-3 <p>LONDON, Jan 3 (Reuters) - Following are the middle exchange rates for leading currencies against the euro: CURRENT HIGH LOW US Dollar 1.3053 1.319 1.3047 <a href="http://www.globalpost.com/internal/section-config/japan">Japanese</a> Yen 113.9 115.18 113.63 <a href="http://www.globalpost.com/internal/section-config/united-kingdom">British</a> Pound 0.8105 0.812 0.8083 Swiss Franc 1.2093 1.2106 1.2079 Danish Crown 7.46 7.4614 7.458 Norwegian Crown 7.2836 7.3197 7.281 Swedish Crown 8.522 8.5602 8.5151 Australian Dollar 1</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/euro-rates-at-2100-gmt-jan-3" target="_blank">read more</a></p> CDATA Currency Dollar Economics Euro Exchange rate Foreign exchange market International economics International trade Japanese yen Money Numismatics Thomson Reuters Fri, 04 Jan 2013 04:15:12 +0000 5731091 at http://www.globalpost.com WRAPUP 4-US private sector job gains offer hope for labor market http://www.globalpost.com/dispatch/news/thomson-reuters/130103/wrapup-4-us-private-sector-job-gains-offer-hope-labor-market <p>* Private employers add 215,000 jobs in December * Weekly jobless claims rise 10,000 last week * Four-week average of claims steady at 360,000 * Data point to underlying momentum in the economy By Lucia Mutikani WASHINGTON, Jan 3 (Reuters) - U.S. private-sector employers shrugged off a looming budget crisis and stepped up hiring in December, offering further evidence of underlying strength in the economy as 2012 ended.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/wrapup-4-us-private-sector-job-gains-offer-hope-labor-market" target="_blank">read more</a></p> ADP National Employment Report Business Company Location Economics Employment Human resource management Job losses caused by the late-2000s recession Job security Jobless claims Labor Labor economics Labour law Law Macroeconomics Person Career Person Location Quotation Socioeconomics Unemployment Thomson Reuters Fri, 04 Jan 2013 04:15:19 +0000 5731093 at http://www.globalpost.com GLOBAL MARKETS-U.S. bonds, world shares fall after Fed minutes http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-us-bonds-world-shares-fall-after-fed-minutes <p>* World shares slip as Fed hints at tighter policy * 10-yr Treasury yields hit highest since May * Dollar index extends rally By Rodrigo Campos NEW YORK, Jan 3 (Reuters) - U.S. Treasury debt prices slid and world stocks reversed course and dipped on Thursday after minutes from the latest meeting of the Federal Reserve's policy committee showed rising concern about the Fed's policy of buying bonds to stimulate growth. The Federal Open Market Committee's minutes also extended a rally in the U.S.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-us-bonds-world-shares-fall-after-fed-minutes" target="_blank">read more</a></p> Business Company Location Dow Jones Industrial Average Economic history Economics Economy of the United States Emergency Economic Stabilization Act Federal Reserve System Government Labor Late-2000s financial crisis Law Person Career Person Location Quotation Subprime crisis impact timeline United States United States public debt US Federal Reserve Thomson Reuters Fri, 04 Jan 2013 04:15:23 +0000 5731095 at http://www.globalpost.com GLOBAL ECONOMY-US activity picks up, hopes for euro zone rise http://www.globalpost.com/dispatch/news/thomson-reuters/130104/global-economy-us-activity-picks-hopes-euro-zone-rise <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* US services sector expands in Dec, hiring up sharply</p> <p>* U.S. employers add 155,000 jobs across economy in Dec</p> <p>* Surveys suggest euro zone downturn is easing</p> <p>* UK service sector declines, fourth quarter contraction seen</p> <p>By Steven C. Johnson and Andy Bruce</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130104/global-economy-us-activity-picks-hopes-euro-zone-rise" target="_blank">read more</a></p> Business Business cycle Economic history Economics Economist Economy of the European Union Economy of the People's Republic of China Economy of the United States Entertainment Euro Health Labor Law Macroeconomics Person Career Quotation Recessions Social Issues Unemployment United States housing bubble Thomson Reuters Fri, 04 Jan 2013 17:18:00 +0000 5731144 at http://www.globalpost.com Britain's FTSE sets highest closing level in nearly 2 years http://www.globalpost.com/dispatch/news/thomson-reuters/130104/britains-ftse-sets-highest-closing-level-nearly-2-years <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <p>* FTSE 100 adds 0.7 percent</p> <p>* Index rallies on U.S. jobs report after slow start</p> <p>* Concerns of early end to Fed monetary easing subside</p> <p>* BP leads gainers after Transocean settlement</p> <p>By Alistair Smout</p> <p>LONDON, Jan 4 (Reuters) - Britain's top shares registered their highest closing level for nearly two years on Friday, taking a cue from U.S. jobs data which suggested a broad-based labour market recovery.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130104/britains-ftse-sets-highest-closing-level-nearly-2-years" target="_blank">read more</a></p> BP Disaster Economics Federal Reserve System Macroeconomics Man Made Disaster Monetary policy Person Career Quantitative easing Quotation Transocean Unemployment Thomson Reuters Fri, 04 Jan 2013 17:56:58 +0000 5731153 at http://www.globalpost.com U.S. data lifts European shares to 22-month highs http://www.globalpost.com/dispatch/news/thomson-reuters/130104/us-data-lifts-european-shares-22-month-highs <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <p>* FTSEurofirst 300 index ends 0.4 pct higher</p> <p>* Euro STOXX 50 up 0.3 pct, may rise 7 pct in H1</p> <p>* Transocean leads market as settles oil spill charges</p> <p>By Atul Prakash</p> <p>LONDON, Jan 4 (Reuters) - European shares set a 22-month high on Friday, buoyed by supportive data and led by rig contractor Transocean, which agreed to settle U.S. government charges over BP's Gulf of <a href="http://www.globalpost.com/internal/section-config/mexico">Mexico</a> oil spill.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130104/us-data-lifts-european-shares-22-month-highs" target="_blank">read more</a></p> Disaster Economics Euro Stoxx 50 Financial economics Health Indexes Investment Labor Man Made Disaster Quotation Religion Social Issues Stock market STOXX Technical analysis Transocean Thomson Reuters Fri, 04 Jan 2013 18:15:29 +0000 5731159 at http://www.globalpost.com Discord rife over ECB's next rate move-Reuters poll http://www.globalpost.com/dispatch/news/thomson-reuters/130107/discord-rife-over-ecbs-next-rate-move-reuters-poll <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* Economists split on whether ECB will cut rates in 2013</p> <p>* In any case, rate cut unlikely on Thursday</p> <p>By Andy Bruce</p> <p>LONDON, Jan 7 (Reuters) - The European Central Bank will<br /> keep interest rates unchanged this week, economists forecast in<br /> a Reuters poll, but they cannot agree on the chances of a cut in<br /> the next few months due to a murky economic outlook.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/discord-rife-over-ecbs-next-rate-move-reuters-poll" target="_blank">read more</a></p> Central bank Economic history Economics Economy of the European Union Euro European Central Bank European Central Bank European System of Central Banks European Union Inflation Person Career President of the European Central Bank Quotation Social Issues Thomson Reuters Mon, 07 Jan 2013 14:08:41 +0000 5731330 at http://www.globalpost.com GLOBAL MARKETS-Shares, oil dip, but growth prospects limit falls http://www.globalpost.com/dispatch/news/thomson-reuters/130107/global-markets-shares-oil-dip-growth-prospects-limit-falls <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* World stocks ease 0.15 pct as new year rally fades</p> <p>* Bank stocks outperform on milder liquidity rules</p> <p>* Dollar pulls back from 2-1/2-year high versus yen</p> <p>* Brent crude dips below $111 a barrel</p> <p>By Richard Hubbard</p> <p>LONDON, Jan 7 (Reuters) - World stocks and oil prices eased<br /> on Monday ending a new year rally as some investors chose to<br /> book profits, but signs of a brightening global economic growth<br /> outlook limited the falls.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/global-markets-shares-oil-dip-growth-prospects-limit-falls" target="_blank">read more</a></p> Business Central banks Company Location Deflation Economics Economy of the European Union Entertainment Euro Gold as an investment Inflation Investment Labor Late-2000s recession in Europe Law Macroeconomics oil Person Career Person Location Quantitative easing Quotation STOXX Thomson Reuters Mon, 07 Jan 2013 14:09:40 +0000 5731344 at http://www.globalpost.com Looser bank buffer rules no panacea for Europe woes http://www.globalpost.com/dispatch/news/thomson-reuters/130107/looser-bank-buffer-rules-no-panacea-europe-woes <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* Basel agreement seen giving banks more capacity to lend</p> <p>* But weak economy weighs on credit demand</p> <p>* Uncertain outlook also means banks nervous about lending</p> <p>* Rules changes may have bigger impact in U.S. than Europe</p> <p>By Paul Carrel and Marc Jones</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/looser-bank-buffer-rules-no-panacea-europe-woes" target="_blank">read more</a></p> Asset-backed security Bank Business Central banks Economics Entertainment European Central Bank Finance Financial economics Fixed income securities Labor Late-2000s financial crisis Law Person Career Quotation Securitization Structured finance United States housing bubble Thomson Reuters Mon, 07 Jan 2013 17:21:45 +0000 5731375 at http://www.globalpost.com REFILE-US STOCKS-Wall St falls after 5-yr high, earnings in focus http://www.globalpost.com/dispatch/news/thomson-reuters/130107/refile-us-stocks-wall-st-falls-after-5-yr-high-earnings-focus <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p/> <p>* Bank of America shares up on $11 billion Fannie Mae<br /> settlement</p> <p>* Amazon stock hits all-time high on Morgan Stanley view</p> <p>* Indexes off: Dow 0.47 pct, S&amp;P 0.45 pct, Nasdaq 0.41 pct</p> <p>By Rodrigo Campos</p> <p>NEW YORK, Jan 7 (Reuters) - U.S. stocks fell on Monday as<br /> traders cashed in recent gains that lifted the S&amp;P 500 to a<br /> five-year high on Friday and awaited Tuesday's start of the<br /> fourth-quarter earnings season.</p> </p/><p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/refile-us-stocks-wall-st-falls-after-5-yr-high-earnings-focus" target="_blank">read more</a></p> Bank of America Business Relation Buybacks Company Location Economic history Economics Economy of the United States Fannie Mae Investment Late-2000s financial crisis Morgan Stanley Mortgage industry of the United States Person Career Primary dealers Quotation Stock market crashes Technology USD Thomson Reuters Mon, 07 Jan 2013 17:21:36 +0000 5731373 at http://www.globalpost.com GLOBAL MARKETS-U.S. stocks slip before earnings; oil dips http://www.globalpost.com/dispatch/news/thomson-reuters/130107/global-markets-us-stocks-slip-earnings-oil-dips <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* Wall Street shares retreat from 5-year high</p> <p>* Brent crude dips below $111 a barrel</p> <p>* Dollar pulls back from 2-1/2-year high versus yen</p> <p>NEW YORK, Jan 7 (Reuters) - U.S. stock prices fell on Monday<br /> on worries about disappointing company results while world oil<br /> prices dipped on profit-taking, but signs of improvement in the<br /> global economy capped the losses.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/global-markets-us-stocks-slip-earnings-oil-dips" target="_blank">read more</a></p> Business Company Location Currency Dow Jones Industrial Average Economic history Economics Economy of the European Union Euro Futures contract Japanese yen Labor Law Person Career Quotation World oil market chronology from Thomson Reuters Mon, 07 Jan 2013 19:58:08 +0000 5731390 at http://www.globalpost.com GLOBAL MARKETS-U.S. stocks fall from 5-year high; euro firms http://www.globalpost.com/dispatch/news/thomson-reuters/130107/global-markets-us-stocks-fall-5-year-high-euro-firms <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* Wall Street shares retreat from 5-year high</p> <p>* Euro rises on bets ECB might leave rates alone</p> <p>* Oil prices slip with stocks, growth view caps losses</p> <p>* Dollar pulls back from 2-1/2-year high versus yen</p> <p>By Richard Leong</p> <p>NEW YORK, Jan 7 (Reuters) - U.S. stock prices receded from<br /> five-year highs on Monday, while the euro rose against the<br /> dollar on bets the European Central Bank might refrain from<br /> signaling more interest rate cuts on Thursday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/global-markets-us-stocks-fall-5-year-high-euro-firms" target="_blank">read more</a></p> Business Company Location Dow Jones Industrial Average Economic consequences of the 2006 Thai coup d'├ętat Economic history Economics Economy of the European Union Euro European Union Flash Crash Futures contract Labor Late-2000s financial crisis Law Person Career Quotation Stock market Stock market crashes Thomson Reuters Tue, 08 Jan 2013 01:46:22 +0000 5731420 at http://www.globalpost.com ANALYSIS-Egypt's currency crisis hinges on household dollars http://www.globalpost.com/dispatch/news/thomson-reuters/130108/analysis-egypts-currency-crisis-hinges-household-dollars <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>By Sujata Rao</p> <p>LONDON, Jan 8 (Reuters) - The key to preventing a messy<br /> devaluation of Egypt's pound may lie with the country's<br /> households, whose dollar holdings are being eyed by foreign<br /> investors as a critical gauge of trust in the authorities.</p> <p>Countless emerging market crises have shown over the decades<br /> that it is not the withdrawal of foreign investors from a market<br /> but the flight of local households and businesses from a<br /> currency that is instrumental in its collapse.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/analysis-egypts-currency-crisis-hinges-household-dollars" target="_blank">read more</a></p> Business Central bank Currency Devaluation Economics Exchange rate Fixed exchange-rate system Foreign exchange market Foreign-exchange reserves Hard currency International economics Macroeconomics Money Person Career Person Location Quotation Thomson Reuters Tue, 08 Jan 2013 13:45:18 +0000 5731474 at http://www.globalpost.com