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The truce has raised hopes humanitarian aid can start moving back into a region where hundreds of thousands face famine. Representatives of Ethiopia's military and government and forces from Tigray are in the Kenyan capital Nairobi to discuss how to begin implementing the ceasefire, with the talks set to last three or four days. Getachew Reda, spokesman for the Tigray authorities, said the talks were to figure out implementation of the agreement. In a statement on Monday, the AU said it expected the outcomes of the talks to "include modalities for silencing the guns, humanitarian access and the restoration of services in the Tigray region". The ceasefire agreement says Ethiopia's army will safeguard the country against "foreign incursion" but analysts are worried about whether Eritrea - the TPLF's sworn enemy - will listen.

☆ Premarket stocks: Did Jerome Powell just bust the market rally?
▼ + stars: | 2022-11-03 | by ( Julia Horowitz | ) edition.cnn.com time to read: +6 min

London CNN Business —Federal Reserve Chair Jerome Powell has the power to make or break markets these days. “Essentially, it killed the pivot dreams.”Economic data, particularly for the labor market, still looks relatively strong. “Big advertisers that we traditionally get spend from are not spending this quarter,” Roku (ROKU) CEO Anthony Wood told analysts after the company reported earnings on Wednesday. Ford saw its October US sales slump 10% over the last year as the company continued to battle supply chain difficulties. In March, the company said it would ship some vehicles without some less crucial computer chips and add them later.

☆ 'Avengers: Endgame' directors say they wouldn't 'be ready' to return to Marvel 'until the end of the decade'
▼ + stars: | 2022-11-02 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

Joe and Anthony Russo "won't be ready to do anything with Marvel until the end of the decade." The Russos made four movies for Marvel, including "Avengers: Endgame." The directors previously told Insider they had no plans to return, but seemed open to it. The duo made four movies for Marvel — 2014's "Captain America: The Winter Soldier," 2016's "Captain America: Civil War," 2018's "Avengers: Infinity War," and then "Endgame" in 2019. "It would be bigger than 'Infinity War' and 'Endgame,'" Joe said.

☆ Euro zone inflation soars past forecasts to new record high
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +3 min

FRANKFURT, Oct 31 (Reuters) - Euro zone inflation surged past expectations yet again this month to hit a record high, pointing to further interest rate hikes from the European Central Bank as price pressures appear to be broadening. Energy prices continued to drive inflation but food and imported industrial goods all pushed prices sharply higher even as services played only a marginal role this time. But markets have started to anticipate a slowdown in rate hikes as a recession looms and gas prices have come down from record highs. Reuters GraphicsBut policymakers are likely to be concerned that underlying price growth, which filters out volatile food and fuel prices, continued to accelerate, pointing to broadening price pressures, which raises the risk that high inflation will get entrenched. But the weak euro is adding to price pressures while wage growth is also inching up, a key worry as a wage-price spiral would make inflation even more difficult to break.

☆ Brazil's Lula keeps lead in roughly stable race against Bolsonaro, two polls show
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +2 min

SAO PAULO, Oct 27 (Reuters) - Brazil's leftist presidential candidate Luiz Inacio Lula da Silva maintains the lead over his far-right adversary President Jair Bolsonaro ahead of Sunday's runoff election, according to two polls on Thursday that showed the race is roughly stable. Lula leads by 52.4% of the votes against 46.0% for Bolsonaro, according to an AtlasIntel poll, inching forward from 52.0% while Bolsonaro slipped from 46.0% in the previous poll three days ago. A Datafolha poll showed Lula widening his lead slightly to 5 percentage points from 4 points a week earlier, maintaining 49% of voter support as Bolsonaro slipped 1 percentage point to 44%. Analysts say any sign of stability is good for Lula at this point in the campaign with few days for Bolsonaro to catch him. The pollster says its survey has a margin of error of 1 percentage point up or down.

Mortgage rates have been inching up over the past few days. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage calculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. If the Fed acts too aggressively and engineers a recession, mortgage rates could fall further than what current forecasts expect. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

☆ Dollar weathers suspected yen intervention, China data mixed
▼ + stars: | 2022-10-24 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

SYDNEY (Reuters) - The U.S. dollar weathered another suspected blast of Japanese intervention to push higher on the yen on Monday, while most share markets rallied on just the hint of an eventual slowdown in U.S. rate hikes. REUTERS/Issei KatoThe dollar started in a bullish mood with an early rush to 149.70 yen, before taking a sudden spill as far as 145.28 in a matter of minutes. Yet speculators seemed undaunted and took the dollar back up to 148.90 in choppy trading. Also moving was sterling, which see-sawed on news Boris Johnson had dropped out of running for British prime minister. The Bank of Canada is also expected to tighten by 75 basis points at its meeting this week.

☆ Former ambassador says the U.S. and China are inching toward a 'pretty deep Cold War'
▼ + stars: | 2022-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer ambassador says the U.S. and China are inching toward a 'pretty deep Cold War'Former U.S. Ambassador to China Max Baucus discusses how U.S. and China relations will change after Beijing announced its new leadership team over the weekend.

☆ Brazil's Lula widens lead slightly over Bolsonaro for Sunday vote -poll
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

BRASILIA, Oct 24 (Reuters) - Leftist presidential candidate Luiz Inacio Lula da Silva has increased his lead slightly over his far-right adversary President Jair Bolsonaro six days ahead of their runoff in Brazil's divisive election, a Monday poll said. Lula leads by 52.0% of the votes against 46.2% for Bolsonaro, according to the AtlasIntel poll, inching forward from 51.1% to Bolsonaro's 46.5% in the previous poll two weeks ago. The poll was completed before a shooting incident on Sunday involving Bolsonaro supporter and former Congressman Roberto Jefferson, which had the president's campaign worried about a negative impact on opinion polls, a senior aide said. "The poll is good news for Lula," said AtlasIntel chief executive Andrei Roman. Although the survey did not reflect the impact of Sunday's incident where the Bolsonaro supporter shot and wounded policemen as he resisted arrest, Roman said the president's recovery since the first-round vote on Oct. 2 has stalled.

☆ Biden says Republicans want to risk economic chaos by using the debt ceiling to force Medicare and Social Security cuts
▼ + stars: | 2022-10-24 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

President Joe Biden said that the GOP wants to hold the economy hostage over Social Security and Medicare. If they retake the House, the GOP wants to use debt ceiling negotiations to enact spending cuts. But Biden has ruled out repealing the debt ceiling, despite Democratic pushes. Biden has said that he opposes repealing the debt ceiling outright, despite calls to do so from some Democrats: "That would be irresponsible." "In order to cut Social Security and Medicare, they're threatening to default on the federal debt," Biden said of the GOP.

☆ Russian-installed authorities order evacuation of Kherson in face of Ukrainian counteroffensive
▼ + stars: | 2022-10-22 | by ( Hyder Abbasi | ) www.nbcnews.com time to read: +4 min

Russian-installed authorities in the occupied city of Kherson on Saturday urged residents to leave immediately in the face of a looming counteroffensive by Ukraine’s armed forces that aimed to recapture the southern city. Ukrainian forces bombarded Russian positions and targeted supply routes across the province on Friday, inching closer to a full assault on the only provincial capital that has remained in Russian hands throughout the war. The Kakhovka Hydroelectric Power Plant on the Dnipro River in Kherson Oblast, Ukraine. Infrastructure in the southern city of Odesa had also been hit, he said. Iran sent trainers and technical support to enable Russian forces to use Iranian-made drones “with better lethality,” John Kirby, White House National Security Council spokesperson, told reporters.

☆ US Treasury yields hit post-crisis highs as expectations for more aggressive Fed rate hikes ramp up
▼ + stars: | 2022-10-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

US treasury yields touched their highest levels since the Great Recession on Thursday. The rise is fueled by expectations of big rate hikes at the next two Fed policy meetings. Minneapolis Fed President Neel Kashkari warned the terminal fed funds rate could be even higher than expected this week, putting investors on edge. Fed officials will convene on November 1-2 at the next Federal Open Market Committee meeting, where they are widely expected to issue another 75 basis point rate hike. That would be the fourth jumbo increase this year, and would bring the fed funds rate to a range of 3.75%-4.00%.

☆ Earnings aren't yet painting anything like a picture of an apocalyptic profit slowdown
▼ + stars: | 2022-10-19 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

With north of 50 companies reporting so far, third quarter earnings (and fourth quarter guidance) have not turned into the apocalypse that was feared when FedEx slashed earnings expectations on Sept. 15. Since then, however, many companies have reported, and while overall earnings are inching lower and guidance is cautious, they are not being slashed. In the last 24 hours, Netflix, United Airlines, JB Hunt, Procter & Gamble and Travelers have all reported earnings above expectations. A beat, but slightly lower guidance? As it was with the last quarter, Prologis and the REITs are starting to rally: it's up 6% in the last few days.

See more mortgage rates on Zillow Real Estate on ZillowMortgage calculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. 30-year fixed mortgage ratesThe current average 30-year fixed mortgage rate is 6.92%, according to Freddie Mac. 15-year fixed mortgage ratesThe average 15-year fixed mortgage rate is 6.09%, an increase from the prior week, according to Freddie Mac data. Adjustable rate mortgages can look very attractive to borrowers when rates are high, because the rates on these mortgages are typically lower than fixed mortgage rates. Historically, adjustable mortgage rates tend to be lower than 30-year fixed rates.

The family of a retired U.S. Marine believe he is on life support in a separatist-controlled hospital in Ukraine after he went to fight back the Russian invasion alongside the Ukrainian military. Grady Kurpasi, 50, traveled to Ukraine shortly after the war began in February to help with evacuations and train Ukrainian soldiers. Courtesy Don TurnerA State Department spokesperson said the agency was “aware of unconfirmed reports regarding a missing U.S. citizen in Ukraine. The center has brought up the retired Marine in recent discussions with the Russian government, a spokesperson confirmed. A retired Marine Corps officer, Kurpasi was adopted by an American couple from South Korea as a young child.

☆ Protesters arrested after throwing substance from soup cans at Vincent van Gogh's 'Sunflowers'
▼ + stars: | 2022-10-14 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +4 min

Two protesters who threw a substance that appeared to be tomato soup at Vincent van Gogh's "Sunflowers" painting Friday morning were arrested on charges of criminal damage and aggravated trespass, London police said. "The cost of living crisis is part of the cost of oil crisis. Activists with their hands glued to the wall under Vincent van Gogh's "Sunflowers" after throwing tomato soup on the painting at the National Gallery in London on Oct. 14, 2022. It is one of five paintings he completed of sunflowers, which are among his most famous works, according to the Van Gogh Museum. Van Gogh died by suicide in 1890 at age 37 after being unable to sell his paintings.

☆ Premarket stocks: A 'tectonic shift' in global wealth that will take years to recover from
▼ + stars: | 2022-10-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Investors could be betting that the stronger-than-expected inflation report means price increases are near their peak. “The context of rising interest rates and the higher cost of living could pose a risk to household balance sheets,” reported researchers. The takeaway: Allianz calls these changes a “tectonic shift” in global wealth that will take years to recover from. Mortgage rates hit a 20-year highMortgage rates in the US rose again this week — inching even closer to 7%. Today, a homeowner buying the same-priced house with an average rate of 6.92% would pay $2,059 a month in principal and interest.

☆ Analysis: China faces its "Sputnik" moment as US export curbs deal a blow to its chip ambitions
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +6 min

The measures are set to undermine China's efforts to develop its own chip industry aimed at reducing its reliance on foreign-made chips. These are the questions," says Marco Mezger, a consultant in Taiwan who tracks the global memory chip sector. Washington is also scrambling to tackle unintended consequences of its new export curbs, people familiar with the matter said. Hours before the new restriction took effect, South Korea's SK Hynix (000660.KS) said it got U.S. authorization to receive goods for its chip production facilities in China without additional licensing imposed by the new rules. Yet business at toolmaking firms servicing Chinese customers has already slowed dramatically, leaving their staff with little work to do but creating an opening for Chinese equipment makers seeking to catch up with western rivals, sources said.

☆ S&P 500, Nasdaq fall on fears of profit hit from inflation, rate hikes
▼ + stars: | 2022-10-11 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +4 min

With recent jobs and inflation data suggesting more big interest rate hikes by the Federal Reserve, Wall Street's main indexes have been clocking losses in the past few sessions on fears of the economy slipping into a recession. Register now for FREE unlimited access to Reuters.com Register"The market wants to see data, show me the numbers, show me we're getting inflation down. 1/4 A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 11, 2022. The CBOE Volatility index (.VIX), rose for a fourth straight session, inching closer to near two-weeks high. The S&P index recorded one new 52-week high and 95 new lows, while the Nasdaq recorded 15 new highs and 492 new lows.

☆ Wall St falls on worries of lower third-quarter corporate profit; Amgen jumps
▼ + stars: | 2022-10-11 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +4 min

Big U.S. banks are set to report quarterly results on Friday that may offer insight into the health of the U.S. economy. "Right now the market wants to see data, show me the numbers, show me we're getting inflation down. Until then, this market is probably stuck in this whole death by a 1,000 cuts scenario," Dick said. Declining issues outnumbered advancers for a 3.28-to-1 ratio on the NYSE and for a 2.36-to-1 ratio on the Nasdaq. The S&P index recorded no new 52-week high and 71 new lows, while the Nasdaq recorded 10 new highs and 250 new lows.

The three main indexes have been on a loss-making streak in the past few sessions as recent data continues to point to more policy tightening by the U.S. Federal Reserve that could tip the economy into a recession. With recent economic indicators signaling persistent inflation going forward, money markets are pricing in a 92% chance of another 75-basis-point hike at the Fed's meeting in November. read moreMajor U.S. banks are set to report third-quarter results on Friday that may offer insight into the health of the U.S. economy. ET, Dow e-minis were up 6 points, or 0.02%, S&P 500 e-minis were down 2.25 points, or 0.06%, and Nasdaq 100 e-minis were down 10.25 points, or 0.09%. Amgen Inc (AMGN.O) shares jumped nearly 3% after a report said Morgan Stanley upgraded the drugmaker's stock to "overweight" from "equal weight".

☆ Futures slide over rising economic worries; tech stocks fall
▼ + stars: | 2022-10-11 | by ( Ankika Biswas | ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterThe yield on the benchmark 10-year U.S. Treasury note was up on Tuesday, hitting a day's high of 4.006%. With recent economic indicators signaling persistent inflation going forward, money markets are pricing in a 92% chance of another 75-basis-point hike at the Fed's meeting in November. Belarus said on Tuesday that its forces had grouped with Russian troops on its borders as a defensive measure, further aggravating a spiraling war. ET, Dow e-minis were down 269 points, or 0.92%, S&P 500 e-minis were down 36.75 points, or 1.01%, and Nasdaq 100 e-minis were down 111.75 points, or 1.02%. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ankika Biswas; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

LONDON, Oct 11 (Reuters) - The U.S. dollar edged back towards September's multi-year highs on Tuesday as worries about rising interest rates and geopolitical tensions unsettled investors, while the yen hovered near the level that prompted last month's intervention. "There are the Fed minutes and U.S. CPI this week that will be quite important for strengthening hawkish Fed expectations and could continue to support the dollar," Pesole added. "It's not that easy to gauge at which level the Bank of Japan will intervene," ING's Pesole said. "It's mostly a matter of how orderly the depreciation in the yen is," Pesole added, although he doubts the BoJ would be comfortable with the yen at 150 per dollar. Adding to the BoE's headaches was labour market data that showed Britain's unemployment rate fall to its lowest since 1974 in the three months to August, but the drop was driven by a record jump in the number of people leaving the labour market.

☆ Dollar gains as geopolitical worries, rate hike fear rattle market
▼ + stars: | 2022-10-11 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

"This renewed wall of worries is likely to keep the dollar supported," he said, but cautioned that there could be a bit of a relief rally in risky assets. U.S. dollar index was up 0.239% at 113.34, inching toward the 20-year high of 114.78 it touched late last month. Fear of intervention has held the yen firm in recent weeks, but as it drifts back to multi-decade lows analysts aren't convinced it can hold the line. The risk-sensitive Australian dollar made a 2-1/2 year low of $0.6275 on Monday and hovered at $0.6267 on Tuesday. Yields on the 30-year bond leapt as much as 11 basis points to the highest in almost nine years at 3.956%.

☆ Egypt working to prioritize 'loss and damage' at COP27
▼ + stars: | 2022-09-28 | by ( Valerie Volcovici | ) www.reuters.com time to read: +3 min

Aboulmagd said as the incoming COP president, Egypt needs to "navigate" the disparate positions and that it has appointed two ministers to come up with a plan for how to include "loss and damage" on COP27's formal agenda. The two ministers are Germany's special envoy for international climate action, Jennifer Morgan, and Chile's environment minister, Maisa Rojas. But as different countries grapple with extreme weather this year, pressure is growing for "loss and damage" to be prioritized at COP27. After visiting Pakistan in the wake of devastating floods, U.N. Secretary General Antonio Guterres urged governments to address loss and damage at COP27 "with the seriousness it deserves." Register now for FREE unlimited access to Reuters.com RegisterReporting by Valerie Volcovici in Washington Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

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