BRASILIA/ SAO PAULO, Dec 5- Brazil's central bank said on Thursday its string of six interest rate hikes have had a lagging effect on inflation, signaling policymakers could be ready to slow one of the world's most aggressive monetary tightening cycles.» Read More
SEOUL, July 25- South Korea's economy grew at its quickest pace in over two years in the second quarter as government stimulus measures offset sluggish exports, but analysts said an emerging slowdown in China has clouded the outlook.
SEOUL, July 25- South Korea's economy grew a seasonally adjusted 1.1 percent in the April-June period from the previous quarter, the central bank estimated on Thursday, beating market expectations and indicating it had passed the trough.
SYDNEY, July 25- The dollar was broadly higher on Thursday as upbeat U.S. housing data and a rise in Treasury yields reminded investors the country was still closer to tempering its monetary stimulus than any other major economy. The dollar edged back up to 100.32 yen, from a low around 99.37, while the euro recoiled to $1.3196 from a one-month peak around $1.3256.
NEW YORK/ LONDON, July 24- Gold fell more than two percent on Wednesday as signs of continued economic recovery both in the United States and Europe prompted funds to exit the bullion market after reaching a one-month high earlier in the day. Gold extended losses throughout the session after data showed new U.S. home sales vaulted to a five-year high in June.
SANTIAGO, July 24- The economies of Latin America and the Caribbean are seen expanding 3 percent in 2013, more slowly than initially forecast as a gloomier global economy restrains exports and domestic demand, a United Nations body said on Wednesday.
*Highest rate since April 2012. SAO PAULO, July 24- Brazil's unemployment rate rose in June to the highest level since April 2012, suggesting a very tight labor market in Latin America's largest economy may be easing.
*Aussie falls as HSBC's China flash PMI hits 11- mth low. NEW YORK, July 24- The euro climbed to a one-month high against the dollar on Wednesday, buoyed by faster-than-anticipated expansion in German private sector business activity, a sign of recovery in the euro zone economy.
LONDON/ BEIJING, July 24- Euro zone private industry unexpectedly bounced back to growth this month but its recovery risks being derailed as China's huge manufacturing engine is losing steam, surveys suggested on Wednesday.
*Japan feels impact on exports, Apple on revenues. BEIJING, July 24- China's manufacturing engine lost further momentum in July and the job market weakened, a survey showed on Wednesday, complicating a transition to consumer-driven growth and boding ill for so many leveraged to the world's second-largest economy.
*Aussie slips as HSBC's China flash PMI hits 11- mth low. LONDON, July 24- The euro hit a one-month high against the dollar on Wednesday, buoyed by faster-than-expected expansion in German private sector business activity. The euro rose to $1.3255, matching its highest since June 21, with stop loss buy orders triggered on its move above $1.3050.
*EasyJet rallies after lifting guidance. *China manufacturing data dents miners and autos. LONDON, July 24- European shares rose early on Wednesday as investors digested a wealth of corporate earnings, with technology stocks boosted by strong results from U.S. tech giant Apple, and more upbeat economic data in Europe.
*China flash PMI drops to 11- month low in July. *China rolls out measures to address aluminium overcapacity. Oil and other commodities also slipped after the preliminary HSBC/ Markit Purchasing Managers' Index for China fell to 47.7 this month from 48.2 in June as new orders faltered and the job market darkened. "
SEOUL, July 24- South Korea's second-quarter growth probably held steady around a 2- year high, but there are worrying signs that the pace of the recovery could lose some steam due to a rapid slowdown in China's economy.
*HSBC flash PMI falls short, shows China manufacturing sluggish. The flash HSBC/ Markit Purchasing Managers' Index for China fell to 47.7 this month from June's final reading of 48.2, marking a third straight month below the 50 threshold between expansion and contraction. "
--Clyde Russell is a Reuters market analyst. If there is a conflict in the current message from Beijing, it centres around the differing needs of the long-term economy and how best to manage the short-term problem of the unexpected loss of growth momentum seen so far this year.
*China's slowdown weighs on Japan export growth. TOKYO, July 24- Japan's export growth unexpectedly eased in June from a year earlier in a worrying sign that China's slowing economy is hurting overseas demand and could potentially undermine Tokyo's efforts to revive the world's third-biggest economy.
SHANGHAI/ HONG KONG, July 24- China's leadership, its hands full trying to manage a cooling economy while laying foundations for future solid growth, is also struggling where Beijing used to excel: sending a clear and consistent message to markets and the public.
*World shares gain as China signals support for growth. *Copper, oil prices rise on optimism over China. NEW YORK, July 23- World stock markets rose to near five-year highs on Tuesday, boosted by views that China was moving to support its cooling economy, while the dollar fell to one-month lows.
*World shares gain as China signals support for growth. *Copper, oil prices rise on optimism over China. NEW YORK, July 23- World stock markets rose to near five-year highs on Tuesday, boosted by news that China was moving to support its cooling economy, while the dollar fell to one-month lows.
*World shares gain as China signals support for growth. NEW YORK, July 23- World stock prices climbed closer to five-year highs on Tuesday, supported by signs China was moving to avoid a hard landing for its slowing economy, while the dollar hovered at its one-month low as a recent selloff slowed.