Latest Central banking News

Technology companies drive a broad rally on Wall Street

Aug. 19, 2019 3:44 PM EDT

Tech companies pushed stocks broadly higher on Wall Street Monday afternoon, placing the market on track for its third straight gain. The surge in technology stocks followed a decision by the U.S. to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. As China's biggest...

Wide implications as Germany teeters toward recession

Aug. 19, 2019 3:21 PM EDT

BERLIN (AP) — Germany, Europe's industrial powerhouse and biggest economy, with companies like Volkswagen, Siemens and BASF, may be entering a recession, according to a gloomy report from the country's central bank Monday — a development that could have repercussions for the rest of the eurozone and...

Trump calls on Federal Reserve to cut interest rates

Aug. 19, 2019 1:02 PM EDT

WASHINGTON (AP) — President Donald Trump is calling on the Federal Reserve to cut interest rates by at least a full percentage point "over a fairly short period of time," saying that such an action would make the U.S. economy even better and would also "greatly and quickly" enhance the global economy. In...

More eurozone stimulus expected after inflation revised down

Aug. 19, 2019 12:08 PM EDT

LONDON (AP) — Inflation across the 19-country eurozone was revised down for July, official figures showed Monday, bolstering expectations that the European Central Bank will provide another shot of stimulus to the single currency bloc next month. Eurostat said consumer prices across the eurozone were up 1%...

Global shares rise as investors watch trade war, economies

Aug. 19, 2019 8:16 AM EDT

LONDON (AP) — Global stock markets recovered some further ground Monday after last week's turbulence when ongoing concerns about a trade war between the United States and China and an array of worries about waning growth across the world weighed heavily on sentiment. Last week, many stock indexes around...

Trump dismisses worries of recession, says economy is strong

Aug. 19, 2019 4:28 AM EDT

BERKELEY HEIGHTS, N.J. (AP) — President Donald Trump dismissed concerns of recession on Sunday and offered an optimistic outlook for the economy after last week's steep drop in the financial markets. "I don't think we're having a recession," Trump told reporters as he returned to Washington from his New...

Asian shares rise as investors watch trade war, economies

Aug. 19, 2019 12:54 AM EDT

TOKYO (AP) — Asian shares were higher Monday, as investors continue to rejigger their read on President Donald Trump's trade war and growing worries about slowing economies around the world. Japan's benchmark Nikkei 225 rose 0.6% in early trading to 20,532.95. Australia's S&P/ASX 200 gained 0.8% to...

Stock market gyrates as the economic picture gets blurred

Aug. 17, 2019 11:23 AM EDT

You're not the only one confused about where the economy is headed. Just look at the stock market, where perplexed investors have been sending stocks on a wild ride in August. And there could be plenty more where that came from. Two notoriously volatile months for stocks lie just ahead. Stocks around the world...

Signs of recession worry Trump ahead of 2020

Aug. 17, 2019 6:29 AM EDT

WASHINGTON (AP) — President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation's strong growth and low unemployment rate. But privately, Trump is growing increasingly worried the economy won't look...

US stocks end turbulent week with broad gains

Aug. 16, 2019 5:24 PM EDT

You're not the only one confused about where the economy is headed. Just look at the stock market, where perplexed investors have been sending stocks on a wild ride in August. And there could be plenty more where that came from. Two notoriously volatile months for stocks lie just ahead. Stocks around the world...