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Dollar rises amid Fed rate cut expectations, better-than-expected retail sales data
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Wall Street ends lower, oil dips as Fed looms
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Analysis-2024 the ‘year of the bond’ as record inflows top $600 billion
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Dollar edges higher against major peers as investors eye Fed rate cut
Luxury and energy sectors weaken European shares; French stocks fall 0.7%
Date: December 17, 2024
By Sruthi Shankar and Shashwat Chauhan (Reuters) – European shares closed lower on Monday, bogged down by heavyweight luxury and energy shares after disappointing China data, while French stocks underperformed after a surprise ratings downgrade by Moody’s. The pan-European STOXX 600 index closed 0.1% lower, trading near two-week lows, with autos the top sector decliner...
Dollar hovers near 3-week high before Fed; bitcoin tops $106,000
Date: December 16, 2024
By Kevin Buckland and Greta Rosen Fondahn TOKYO/GDANSK (Reuters) -The U.S. dollar hovered close to a three-week high versus other major currencies on Monday, ahead of a week of central bank meetings in which markets expect the Federal Reserve to cut interest rates but signal a measured pace of easing for 2025. Bitcoin soared above...
Sterling ticks up, PMIs show UK price pressures
Date: December 16, 2024
By Greta Rosen Fondahn (Reuters) – Sterling rose against the dollar and euro on Monday as a survey of business activity pointed to a rise in prices in Britain and as investors braced for a string of central bank meetings this week, including the Bank of England on Thursday. British businesses this month cut staff...
Laggard European markets may be 2025’s top recovery trade
Date: December 16, 2024
By Naomi Rovnick LONDON (Reuters) – The year ahead is shaping up badly for Europe with its financial markets already hit hard by U.S. tariff fears and political turmoil in France and Germany, yet some investors are calling peak pessimism and hunting for bargains amid the gloom. European stocks are set to underperform the U.S....
Dollar set for best week in a month on cautious Fed outlook for 2025
Date: December 14, 2024
By Hannah Lang NEW YORK (Reuters) -The dollar headed for its best weekly performance in a month on Friday, as investors priced in the possibility of the Federal Reserve cutting rates more slowly next year, while sterling fell after a surprise contraction in UK economic activity. The U.S. currency also rose against the yen after...
Rouble rebounds past 100 vs US dollar after Putin’s gas payments decree
Date: December 6, 2024
By Gleb Bryanski and Elena Fabrichnaya MOSCOW (Reuters) – The Russian rouble rebounded past 100 to the U.S. dollar, trading at 99.50 on Friday, after a decree by President Vladimir Putin which opened new payment options for European buyers of Russian gas, allowing foreign currency flows to resume. The rouble strengthened by 1.5% against the...