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Oil Prices Ease on Surplus Concerns, Dollar Strength
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Asia Shares Rise, Dollar Underpinned by Elevated Bond Yields
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Dollar Bounces From Inflation Data Drop, Euro Soft
Trading
Sterling Struggles to Regain Steam Against Dollar
Euro Zone Bond Yields Rise to One-Month High
Date: December 23, 2024
By Harry Robertson LONDON (Reuters) -Euro zone government bond yields rose to their highest level in around a month on Monday as investors continued to try to gauge the outlook for central bank rate cuts in 2025. The Federal Reserve last week put upward pressure on U.S. government bond yields, which set the tone for...
Stocks Rally as Investors Cheer US Inflation Relief
Date: December 23, 2024
By Amanda Cooper and Wayne Cole LONDON/SYDNEY (Reuters) – Global shares were boosted on Monday by a U.S. inflation reading offering some hope for further policy easing next year, along with relief that Washington had averted a government shutdown. After a recent central bank decisions bonanza, this week only has the minutes of a few...
Sterling Struggles to Regain Steam Against Dollar
Date: December 23, 2024
By Greta Rosen Fondahn (Reuters) – Sterling looked lacklustre against the dollar on Monday as a survey reported a decline in domestic UK business confidence and traders digested a recent Federal Reserve-induced rally in the greenback. British business confidence fell to its lowest level of 2024 in December, although employers were a bit more optimistic...
Stoxx 600 Inches Lower at Start of Christmas Week; Novo Nordisk Surges
Date: December 23, 2024
By Ankika Biswas (Reuters) – Europe’s STOXX 600 was slightly down at the start of a holiday-shortened week, after clocking its steepest weekly drop since early September, but a spike in Novo Nordisk shares boosted the healthcare sector and capped losses on the main stock index. The pan-European STOXX 600 was down 0.1% as of...
German Import Prices up 0.6% Y/y in November
Date: December 23, 2024
(Reuters) – German import prices grew by 0.6% year on year in November, the statistics office said on Monday. Analysts polled by Reuters had predicted a 0.3% increase. The statistics office offers more detailed economic data on its website. (Reporting by Bartosz Dabrowski, editing by Kirsti Knolle)...
Dollar Steady After Benign US Inflation Eases Worries Over Rates
Date: December 23, 2024
By Ankur Banerjee SINGAPORE (Reuters) – The dollar was steady on Monday after U.S. inflation data showed only a modest rise last month, easing some concerns about the pace of U.S. rate cuts next year, while the yen loitered near 156 per dollar, raising the possibility of intervention. Investor sentiment was also lifted when a...