Economics: Research Guide

Bank of Nova Scotia on Tuesday forecast its earnings will rise "marginally" in 2024, after the Canadian lender missed fourth-quarter profit estimates as uncertain economic climate prompted it to set aside more funds to guard against bad loans.

The U.S. central bank will likely need to raise borrowing costs further in order to bring inflation back down to its 2% target over a reasonable period, Federal Reserve Governor Michelle Bowman said on Tuesday.

U.S. consumer confidence rose in November after three straight monthly declines, though households continued to anticipate a recession over the next year, a survey showed on Tuesday.

Canada's main stock index touched near two-week lows on Tuesday as financials fell following Bank of Nova Scotia's profit miss, while First Quantum Minerals slumped after a Panama court ruled its copper mine contract in the country as unconstitutional.

U.S. Federal Reserve Governor Christopher Waller said on Tuesday he is "increasingly confident" that the current setting of the central bank's benchmark interest rate will prove adequate to lower inflation to the Fed's 2% target.

Wall Street's main indexes were subdued on Tuesday after a strong run of gains in November as investors remained cautious ahead of Federal Reserve officials' comments that could offer some clues on the interest rate path.

U.S. stocks were poised to open lower on Tuesday after a strong run of gains in November as investors remained cautious ahead of Federal Reserve officials' comments that could offer some clues on the interest rate path.

U.S. annual home price growth accelerated again in September, underscoring the rebound of the housing market as it entered the final quarter of the year, data showed on Tuesday.

The Federal Reserve will cut rates more aggressively than markets are currently pricing in as a mild U.S. recession arrives in the first half of next year, economists at Deutsche Bank projected on Monday.

Prime Minister Rishi Sunak announced 29.5 billion pounds ($36.8 billion) of private sector investment in Britain at a gathering of global executives on Monday aimed at catapulting the country back to Europe's top spot as a destination for foreign money.

Gold hit a six-month high on Monday as a softer dollar and expectations of a pause in the Federal Reserve's monetary tightening helped bullion consolidate above the key $2,000 an ounce level.

Sales of new U.S. single-family homes fell more than expected in October as higher mortgage rates squeezed out buyers even as builders cut prices, but the setback is likely temporary amid a persistent shortage of previously owned houses on the market.

Mexico's central bank could "adjust" its interest rates by February or March 2024 if inflation continues to drop, board member Jonathan Heath said on Monday, added that a decline in core prices is especially key to hitting inflation targets.

Mastercard Spendingpulse said on Saturday that U.S. retail sales on Black Friday rose 2.5% year-over-year excluding automotive sales, not adjusted for inflation.

Mastercard Spendingpulse said on Saturday that U.S. retail sales on Friday rose 2.5% year-over-year excluding automotive sales, not adjusted for inflation.

Black Friday that appeared subdued compared with prior years, looking for discounted electronics, clothing and household goods in the kickoff to the holiday shopping season crucial to big retailers.

Argentine former central banker Luis Caputo, frontrunner to be the new economy minister, met local and international bank officials on Friday to lay out the economic plans of President-elect Javier Milei, three sources and a banking group said.

Canada's annual inflation rate eased more than expected to 3.1% in October and core inflation measures edged down to their lowest levels in about two years, data showed on Tuesday, likely closing the door to further rate hikes.

Black Friday that appeared to be subdued compared to prior years, looking for discounted electronics, clothing and household goods in the kickoff to the holiday shopping season crucial to big retailers.

Gold rose over the key $2,000 level on Friday, logging its second consecutive weekly gain, see-sawing against a weaker U.S. dollar on bets that the U.S. Federal Reserve is done with its interest rate-hiking cycle.

The dollar slipped against a basket of currencies on Friday on news of steady U.S. business activity in November, but private sector employment declined in line with expectations for a fourth-quarter economic slowdown.

Major Wall Street indexes notched weekly gains on Friday, as global equities drifted toward their biggest one-month rally since November 2020 during a shortened, muted trading session following the U.S. Thanksgiving holiday.

The European Commission said on Friday it had given a positive assessment of Italy's proposals to revise its post-COVID recovery plan, including investments and reforms to make the country's economy greener under the REPowerEU scheme.

U.S. stocks ended little changed in holiday-shortened trading on Friday, with low volume and conviction as investors watched the start of the seasonal shopping season for signs of consumer resiliency.

Gold prices edged up on Thursday as the U.S. dollar ticked lower, but investors remained largely on the sidelines in holiday-thinned trading with uncertainty around the Federal Reserve's rate path.

Business heir and former legislator Daniel Noboa was sworn in as Ecuador's new president on Thursday, pledging to reduce violence and create jobs via urgent legislative reforms.

Novo Nordisk invests $2.3 bln to boost obesity drug production

Prime Minister Rishi Sunak has chosen Hampton Court, a 16th-century palace renowned for its maze, to host a summit at which he will attempt to win back favour among investors who have been left disoriented by twists and turns in British policy.

New investment in France will boost capacity for obesity, diabetes drugs

Sterling on Thursday rose to its highest against the dollar since early September after data showed British companies returned to growth in November, fuelling hopes Britain will avoid a recession.