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☆ Even as Bank of Canada moves to sidelines, consumers not ready to splurge
▼ + stars: | 2023-03-22 | by ( Molly Cone | ) www.reuters.com time to read: +3 min

TORONTO, March 22 (Reuters) - When the Bank of Canada became the first major global central bank this month to pause raising interest rates after its most aggressive tightening campaign in history, indebted consumers heaved a sigh of relief. Consumers' reluctance to spend could challenge an economy facing headwinds from a record pace of interest rate hikes as retail spending accounts for about 5% of Canada's Gross Domestic Product. The Royal Bank of Canada's consumer spending tracker released on March 9 showed discretionary spending "held up" in February, driven by air travel demand. While it is unclear what part of that has been deployed, that kitty will help Canada to avoid a deep recession, she noted. "They're trying to lock in these interest rates," Porter said.

☆ Morning Bid: Support for troubled banks calms markets
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +2 min

Asian stock markets clawed back 1.7% after after a 2.7% fall to more than three month lows since Monday. What seems to have changed is the guidance for rate hikes though many policymakers had suggested in recent weeks that sizeable increases were warranted. On Friday, final CPI data for the eurozone is due in a thin calendar for economic data releases. Citing people with knowledge of the matter, Bloomberg News reported that UBS Group and Credit Suisse are opposed to a forced merger. Key developments that could influence markets on Friday:Europe economic data: Eurozone final Feb CPI, Q4 labour costsU.S. economic data: University of Michigan surveyReporting by Anshuman Daga; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

☆ Asian shares subdued, dollar steady, focus on U.S. CPI data
▼ + stars: | 2023-01-11 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

SINGAPORE, Jan 11 (Reuters) - Asian equities edged higher on Wednesday, while the dollar steadied as investors braced for U.S. inflation data that will influence the Federal Reserve's interest rate policy. JPMorgan Chase & Co (JPM.N) Chief Executive Officer Jamie Dimon said heightened economic uncertainties might encourage the Federal Reserve to raise interest rates to 5%. In the foreign exchange market, the Australian dollar was 0.3% higher after data showed the annual pace of inflation had increased to 7.3% in November. The dollar index , which measures the dollar against six major currencies, rose 0.058% to 103.31, hovering close to seven-month low. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 1.7 basis points at 4.241%.

☆ NBA roundup: Luka Doncic posts 51 in win over Spurs
▼ + stars: | 2023-01-01 | by ( ) www.reuters.com time to read: +8 min

Keldon Johnson led the Spurs with 30 points, while Sochan added 20. Markkanen led the Jazz with 29 points and 14 rebounds, and Clarkson netted 22 points in Utah's fourth consecutive loss. Kevin Love added 20 points and nine rebounds for the Cavaliers, who survived a rough night from star Donovan Mitchell. Randle added 12 rebounds and six assists for the Knicks, who were without starters Jalen Brunson and RJ Barrett. LaMelo Ball's 23 points and 11 assists and Mason Plumlee's 22 points and 10 rebounds led the Hornets.

☆ Morning Bid: Hawk-eyed
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +2 min

European Central Bank President Christine Lagarde's forceful hawkish rhetoric has played Grinch, with little sign yet of a Santa rally as we head towards Christmas and the New Year. And so, investors will parse every inch of economic data coming through in the near term to gauge inflationary pressures and recessionary signals, with flash PMI data from the Eurozone and the UK on deck for the day. Of course, the worry remains on what the audit is likely to reveal, and that has put a lid on gains for these stocks. "Some time away from Twitter is good for the soul," Musk tweeted. loadingKey developments that could influence markets on Friday:Economic events: Nov UK retail sales, Flash PMI data for UK, Eurozone, Sweden's unemployment rate for NovemberReporting by Ankur Banerjee; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

☆ Morning Bid: Hanging tough
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +4 min

As the world's major central banks turned the interest rate screw this week and insisted on more tightening ahead, their economies showed more signs of buckling under the pressure. And while markets lurched lower on the potentially toxic combination of a higher peak for interest rates into a looming recession, there are reasonable questions over whether the central banks will act as tough as they are talking. U.S. manufacturing declined 0.6% last month and reports from the New York and Philadelphia Federal Reserve's showed business conditions in their regions remaining depressed in December. Even though after Wall St stocks plunged 2-3% on Thursday, futures remained deep in the red ahead of Friday's open. Led by the jump in euro zone sovereign borrowing rates after the ECB rethink, bond yields were higher across the board.

Amid the hubbub of a busy hospital, Mel wasn’t sleeping at night. For two days, Mel was housed in the emergency department; the hospital had no regular rooms available. As far as we knew, Mel’s stroke was tended to promptly, but the lack of clear communication left us with lingering doubts. Six days after his stroke, Mel was discharged to the nursing home where he’d been living for four months following a previous hospitalization. Over the next few days, Mel’s six grandchildren and three sons and their wives traveled to be at his side.

☆ Golden State Warriors suffer first defeat of the season against Denver Nuggets
▼ + stars: | 2022-10-22 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Despite Steph Curry scoring a game-high 34 points, the Golden State Warriors suffered their first loss of the season, to the Denver Nuggets on Friday, going down 125-123 to the team they eliminated from the first round of the Western Conference playoffs in April. Curry added five rebounds and four assists to his 34 points on 10-of-22 shooting but could not drag his team to victory in San Francisco. Noah Graham/NBAE/Getty ImagesThe Warriors fought back in the fourth and a Jordan Poole layup with 14.7 seconds remaining left Golden State just a point behind. Two free throws from Jokic with 6.6 seconds left took Denver’s lead beyond three points and sealed the victory. Logan Riely/NBAE/Getty ImagesElsewhere in the Western Conference, Ja Morant dazzled, scoring 49 points to carry the Memphis Grizzlies to a 129-122 win over the Houston Rockets.

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