Trading
Trading
Global Shares Soft; Dollar, Bond Yields Hold Near Multi-Month Highs
Trading
Dollar Notches Weekly Gain as Traders Reassess Rate Cut Expectations
Trading
Oil Demand to Fall to 80-100 Million Bpd by 2035, Says BP’s US Chief Economist
Trading
Sterling Heads for Worst Weekly Performance Since January
Oil Prices Set for Weekly Loss on China Demand Fears
Date: November 15, 2024
By Robert Harvey and Enes Tunagur LONDON (Reuters) -Oil prices fell on Friday, and were heading for a weekly loss, on worries about waning Chinese demand and expectations of fewer U.S. Federal Reserve interest rate cuts. Brent crude futures dropped 97 cents, or 1.34%, to $71.59 a barrel by 1011 GMT. U.S. West Texas Intermediate...
Dollar Rallies as Fed’s Powell Nixes Rate Cut Bets
Date: November 15, 2024
By Amanda Cooper LONDON (Reuters) -The dollar was set for its biggest weekly gain in over a month on Friday, supported by expectations of fewer Federal Reserve rate cuts and the view that President-elect Donald Trump’s policies could stoke U.S. inflation when he takes office. Volatility in the currency markets has run high this week,...
Morning Bid: No End in Sight for Trump-Fuelled Trade
Date: November 14, 2024
A look at the day ahead in European and global markets from Rae Wee Market movement over the past week or so since Donald Trump won the U.S. presidential election have been characterised by a turbo-charged rally in bitcoin, higher Treasury yields and a relentless U.S. dollar. And Thursday was no different. Never mind that...
Bitcoin Rises Above $90,000 on Trump Euphoria
Date: November 14, 2024
By Hannah Lang and Laura Matthews (Reuters) -Bitcoin broke through the $90,000 level on Wednesday, to an all-time high in a rally showing no signs of easing on expectations that Donald Trump as U.S. president will be a boon for cryptocurrencies. The world’s biggest cryptocurrency has become one of the most eye-catching movers in the...
European Shares, Dollar Higher; Bitcoin Above $91K
Date: November 14, 2024
By Samuel Indyk and Rae Wee LONDON (Reuters) -The dollar rose on Thursday, while longer-dated U.S. bond yields hovered near multi-month highs as investors bet that President-elect Donald Trump’s policies would fuel inflation and keep interest rates higher for longer European shares bounced from three-month lows after a number of positive earnings updates, while bitcoin...
Sterling Squashed by Dollar Steamroller, Traders Watch Out for Reeves’ Speech
Date: November 14, 2024
LONDON (Reuters) – The pound dropped to its lowest against the dollar since early July on Thursday, brushed aside by the U.S. currency’s relentless rise following Donald Trump’s U.S. election victory. Those developments are swamping British news for investors, although they will be keeping an eye on finance minister Rachel Reeves’ first Mansion House speech...