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Active sales from the Bank of England's more than 800 billion pounds of government bond holdings are unlikely to have a material economic impact, Bank of England policymaker Silvana Tenreyro said on Tuesday. "I wouldn't expect the effect of the unwind, of QT, to have a material impact on the economy.

A stampede for dollars as global recession risks mount has left other currencies battered and bruised, with the euro getting trampled on more than most as surging European gas prices worsen economic growth fears. Analysts predict the single currency, which on Tuesday hit its weakest since 2002, will soon fall to parity.

Tunisia's phosphate output exceeded 2 million tonnes in first half of 2022, the first time it reached that level in a decade, rising from 1.3 million tonnes in the same period of 2021, state-run Gafsa Phosphate said on Tuesday. The North Africa country wants to regain its position as a leading exporter to take advantage of a sharp increase in fertiliser prices due to the war in Ukraine.

* Euro back at 2002 levels after gas price surge, weak data. * Wall St equities dip, U.S. Treasury yields tumbled. * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Sin?ad Carew.

Industrial output in Brazil rose 0.3% in May from April, government statistics agency IBGE said on Tuesday, the fourth consecutive monthly increase but below market expectations of a 0.7% rise. According to IBGE, the four-month uptick might be related to government stimulus measures such as releasing money from severance funds and bringing forward bonus payments for retired people.

* BANK OF CANADA TO AUCTION C$12 BILLION OF T-BILLS ON JULY 19, PRELIMINARY CALL FOR TENDERS SHOWS. * BANK OF CANADA TO SELL C$6.9 BILLION 98-DAY T-BILLS, C$2.55 BILLION 182-DAY T-BILLS, C$2.55 BILLION 364-DAY T-BILLS Source text for Eikon: https://www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/regular-treasury-bills/

Ireland should set aside some of the budget surplus it expects to post this year to fund future pensions or to start refilling its currently empty contingency reserve fund, Deputy Prime Minister Leo Varadkar said on Tuesday.

Industrial output in Brazil rose 0.3% in May from April, government statistics agency IBGE said on Tuesday, the fourth consecutive monthly increase but below market expectations of a 0.7% rise. According to IBGE, the four-month uptick might be related to government stimulus measures such as releasing money from severance funds and bringing forward bonus payments for retired people.

Industrial output in Brazil rose 0.3% in May from April, government statistics agency IBGE said on Tuesday, below market expectations of a 0.7% increase. Production rose 0.5% from a year earlier, IBGE added.

Egypt's economy grew by 6.2% in fiscal year 2021/2022, which ended June 30, CNBC Arabia TV channel reported on Tuesday, citing Planning Minister Hala al-Saeed.

Zimbabwe's central bank said it would start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency.

The Bank of England warned on Tuesday that the economic prospects for Britain and the world had darkened since the start of the year and told banks to ramp up capital buffers to ensure they could weather the storm.

The Bank of England warned on Tuesday that the economic prospects for Britain and the world had darkened since the start of the year and told banks to ramp up capital buffers to ensure they could weather the storm.

By some early estimates, the U.S. economy, as measured by gross domestic product, may have shrunk in the three months from April through June. By an often-cited rule of thumb, that means the world's largest economy is in recession. But deciding when a recession has begun or predicting when one might occur is not straightforward.

By Howard Schneider and Ann Saphir. By some early estimates, the U.S. economy, as measured by gross domestic product, may have shrunk in the three months from April through June. By an often-cited rule of thumb, that means the world's largest economy is in recession. But deciding when a recession has begun or predicting when one might occur is not straightforward.

More G10 central banks raised interest rates in June than in any month for at least two decades, Reuters calculations showed, and with inflation at multi-decade highs, the pace of policy-tightening is unlikely to let up in the second half of 2022.

The Bank of England said on Tuesday it will conduct an in-depth analysis of "opaque" commodity markets after Russia's invasion of Ukraine left the central bank without a full picture of risks and vulnerabilities.

Gold fell on Tuesday pressured by rate hike expectations and a stronger dollar, but growing recession fears kept safe-haven bullion pinned near the key support level of $1,800 an ounce.

Sterling fell on Tuesday against a strengthening U.S. dollar but jumped against the euro in July thinned trade with markets watching for any sign from the Bank of England on its monetary policy path.

The Bank of Japan may adjust its ultra-loose monetary policy before dovish Governor Haruhiko Kuroda's term ends next April, if the economy strengthens enough to spur higher wages, former central bank executive Eiji Maeda told Reuters on Tuesday.

The Bank of Japan may adjust its ultra-loose monetary policy before dovish Governor Haruhiko Kuroda's term ends next April, if the economy strengthens enough to spur higher wages, former central bank executive Eiji Maeda told Reuters on Tuesday.

Business growth across the euro zone slowed further last month, according to a survey in which forward looking indicators suggested the region could slip into decline this quarter as the cost of living crisis keeps consumers wary.

A look at the day ahead in markets from Dhara Ranasinghe. Yes, recession risk remains high on markets' radar but no, there are yet few signs that central banks will be swayed in their determination to aggressively raise interest rates.

Qatar's economy grew 2.5% in the first quarter from a year earlier, although the growth fell slightly from the previous quarter, official estimates showed on Tuesday. Qatar's real gross domestic product, which is adjusted for inflation, shrank 0.3% in the first quarter from the fourth quarter to 166.26 billion riyals, the Planning and Statistics Authority said.

Gold prices eased in a narrow range on Tuesday, as an elevated dollar and impending interest rate hikes overpowered support from underlying concerns over the global economic outlook. Spot gold ...

Copper prices languished near 17-month lows on Tuesday on heightened worries that aggressive rate hikes by central banks to tackle soaring inflation would push economies into a recession and dent ...

China's services activity snapped three months of decline in June and grew at the fastest rate in almost a year as easing COVID curbs revived demand, although firms remained cautious about hiring, a private-sector survey showed on Tuesday. The Caixin services purchasing managers' index rose to 54.5 in June, indicating the fastest growth since July last year and the first expansion since February.

Japan's services sector activity expanded at the fastest pace in over eight years in June as the easing of coronavirus curbs boosted sentiment among businesses such as those in tourism.

Japan's services sector activity expanded at the fastest pace in over eight years in June as the easing of coronavirus curbs boosted sentiment among businesses such as those in tourism.

The following are the top stories in the Financial Times. Headlines. - UK ministers rebuff request for help in reopening fertiliser plant https://on.ft.com/3P6gFiy. - Intensive industrial energy users to warn UK ministers over gas rationing https://on.ft.com/3ahaadQ. - Bundesbank boss warns against 'fatal' assumptions in ECB crisis tool https://on.ft.com/3RmBBUr. Overview.

South Korea's consumer prices rose more than expected in June to hit the fastest pace in nearly 24 years, government data showed on Tuesday. The consumer price index rose 6.0% in June from a year before, speeding up from a 5.4% rise in the previous month and exceeding the 5.9% tipped in a Reuters poll.

Ireland's reliance on just 10 multinational firms to pay over half of the country's soaring corporate tax receipts represents an "incredible level of vulnerability" for the economy, the finance ministry's chief economist warned on Monday.

The Canadian dollar strengthened against its U.S. counterpart on Monday, as oil prices rose and a Bank of Canada survey showed a surge in inflation expectations that bolstered bets for a supersized ...

* Nagel warns against trying to set spreads. * Sets conditions for his approval of any aid. * Bundesbank chief objected to decision on June 15. * Bundesbank is ECB's largest shareholder. By Balazs Koranyi and Francesco Canepa.

The Bank of Israel escalated its battle against inflation on Monday, raising its benchmark interest rate by a half percentage point, and signalled no sign of stopping despite an uncertain political environment.

Consumer inflation expectations surged in Canada, hitting fresh highs in the short-term and up "significantly" over the long-term, a Bank of Canada survey showed Monday, bolstering calls for a very rare 75-basis point rate increase.

The British pound rose against the dollar and euro on Monday, pulling away from two-week lows as risk sentiment improved and traders focused on any signals that the Bank of England could raise interest rates faster than expected. At 1413 GMT the pound was up 0.31% against the dollar at $1.21330. It was also stronger against the euro, rising 0.17% to 86.050 pence.

The Canadian dollar strengthened against its U.S. counterpart on Monday as oil prices rose and investors awaited business and consumer surveys by the Bank of Canada that could offer clues on the ...

India is trying to "address volatility" in the Indian rupee that has tumbled to record lows against the dollar in recent weeks, a government official said on Monday, amid concerns of a widening trade deficit and sell off of assets by foreign investors.

The Bank of Japan now owns half of outstanding Japanese government bonds issued in the market, data showed on Monday, a sign the bank's aggressive buying to defend its 0.25% yield cap is bloating an already huge balance sheet. The data underscores the cost the central bank is paying to keep global upward pressure on yields from pushing up Japan's borrowing costs.