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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.

* Euro drops to lowest since end of 2002 as concerns build. * Dollar rises as Treasury yields rebound. * Yen near 24-year lows again. * Aussie dollar fails to gain traction after 50 bps rate hike. By Marc Jones.

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.

A key part of the U.S. Treasury yield curve briefly inverted for the first time since mid-June on Tuesday, reflecting investor concern that hefty interest-rate hikes could tip the U.S. economy into a recession.

The euro slumped to a two-decade low on Tuesday as the latest surge in European gas prices added to worries about a recession, while there was no stopping the dollar as U.S. Treasury yields staged a rebound. The euro's 0.8% fall on the day took it down as far as $1.03325. It means it has now lost over 9% of its value this year against the U.S. currency.

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.

Australia's dollar erased early gains on Tuesday after the country's Reserve Bank delivered an as-expected half-point rate hike but not the hawkish forward guidance that some had hoped for. The yen slid back toward a 24-year low to the greenback on a rise in U.S. Treasury yields, while the euro edged higher, adding some distance from five-year lows.

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 ...

- Wall Street's major stock indexes followed European stocks lower on Monday, and the euro sank to its weakest level against the dollar since late 2002, as investors sought safety after the latest data piled on to fears about a global economic slowdown.

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 ...

The Australian dollar ticked higher on Tuesday ahead of an expected half-point increase in the Reserve Bank's policy rate, while the yen slid against the greenback amid a rise in U.S. Treasury yields. The Aussie and New Zealand dollars were also supported by signs that the United States might soon ease tariffs on key trading partner China.

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.

Gold dipped slightly on Tuesday, as a recovery in U.S. Treasury yields from last week's one-month lows reduced the appeal of non-yielding bullion, with a strong dollar also piling on.

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.

* Nagel objected to pledge of support on June 15. * Bundesbank is ECB's largest shareholder. By Balazs Koranyi and Francesco Canepa.