Reuters Daily Investor Update: August 25, 2015

Click to View in Browser Tuesday, August 25, 2015 CBO says U.S. revenue gains push down deficit, delay default WASHINGTON (Reuters) - The U.S. budget deficit is likely to fall by $60 billion in 2015 due to strong revenue gains, the Congressional Budget Office said on Tuesday, enabling the government to stave off default without a debt limit hike perhaps through early December. Wall St. rally loses steam in afternoon trading NEW YORK (Reuters) - A strong rally on Wall Street evaporated and turned into losses on Tuesday, as concerns about China's economy heavily outweighed lower valuations that some investors earlier saw as bargains. Oil recovers but still ends near six-and-a-half-year lows NEW YORK (Reuters) - Oil rose as much as 3 percent on Tuesday as oversold conditions brought some buyers back to the market, but a lingering supply glut and worries about the slowing economy in top commodities consumer China kept crude prices near 6-1/2-year lows. China cuts rates, reserve ratio after stocks plummet again SHANGHAI/BEIJING (Reuters) - China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe. China rate cut gives stocks, oil, dollar relief; volatility high NEW YORK (Reuters) - Markets rebounded on Tuesday with world stocks, oil prices and bond yields all rising after China cut interest rates and banks' reserve requirements in a bid to kick-start its wavering economic growth. Consumer confidence, housing data signal economy's resilience WASHINGTON (Reuters) - U.S. consumer confidence hit a seven-month high in August and new single-family home sales rebounded in July, suggesting underlying strength in the economy that could still allow the Federal Reserve to raise interest rates this year. Volkswagen July vehicle sales down 3.7 percent on China, Russia FRANKFURT (Reuters) - German carmaker Volkswagen's group vehicle sales fell 3.7 percent in July and were down 1 percent over the January to July period, hurt by weak markets in China, Russia and Brazil. Bridgewater's Dalio: Next big Fed move will be to ease, not tighten NEW YORK (Reuters) - Ray Dalio, the founder of the world's largest hedge fund Bridgewater Associates, said the firm believes the next big move by the Federal Reserve will be to loosen U.S. monetary policy, not tighten it. Syngenta seen opening up after source says Monsanto boosts offer ZURICH (Reuters) - Syngenta AG, the Swiss agricultural chemicals maker, was seen opening up more than 7 percent after a source said Monsanto Co. had sweetened its takeover offer, according to premarket indicators in Zurich. Syngenta investor Oddo says 470 Swiss francs good price ZURICH (Reuters) - A Monsanto offer of 470 Swiss francs per share in Swiss agricultural chemicals maker Syngenta would be a good price for the company, a fund manager for Oddo Asset management said on Tuesday, suggesting Syngenta open talks with its suitor. Related Video Kevin O'Leary discusses markets and new ETF offerings Stocks rebound from grizzly 'Black Monday' Related News Credit Suisse's de Ferrari says clients ready to buy after Asia rout Retirees need to fact-check Social Security advice Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2015 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook