Trading
Trading
As Bitcoin Soars, Luxury Brands Consider Accepting Crypto Payments
Trading
Dollar Flat Before Fed Meeting, 2025 Rate Outlook in Focus
Trading
As Bitcoin Soars, Luxury Brands Consider Accepting Crypto Payments
Trading
Oil Steady While Market Eyes Fed Rate Decision
Dollar Rises Amid Fed Rate Cut Expectations, Better-Than-Expected Retail Sales Data
Date: December 18, 2024
By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar gained against major currencies on Tuesday following better-than-expected retail sales data that showed underlying economic momentum while markets braced for interest rate moves from the Federal Reserve and other central banks. Commerce Department data on Tuesday showed U.S. retail sales surpassed expectations by jumping 0.7% in...
Wall Street Ends Lower, Oil Dips as Fed Looms
Date: December 18, 2024
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed down on Tuesday and crude prices fell as investors parsed economic data and girded themselves for a series of central bank decisions, including an expected rate cut from the Federal Reserve. Bitcoin forged new record highs and benchmark U.S. Treasury yields steadied ahead of what...
Analysis-2024 the ‘year of the Bond’ as Record Inflows Top $600 Billion
Date: December 17, 2024
By Harry Robertson LONDON (Reuters) -Investors have poured a record $600 billion into global bond funds this year, taking advantage of some of the highest yields in decades ahead of an uncertain 2025. Dwindling inflation has finally allowed central banks to lower interest rates, pushing investors to lock in the relatively high yields available and...
Dollar Edges Higher Against Major Peers as Investors Eye Fed Rate Cut
Date: December 17, 2024
By Chibuike Oguh and Greta Rosen Fondahn NEW YORK/GDANSK (Reuters) -The U.S. dollar edged higher against major currencies in choppy trading on Monday, as investors eyed interest rate decisions from the Federal Reserve, Bank of Japan, Bank of England and other key central banks this week. Markets are pricing in a near 97% chance that...
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...