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Markets Start Big Month on Cautious Footing as US Jobs Data Looms
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Pound Set for Worst Weekly Losses Since 2018 After Budget Jolt
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Morning Bid: A November to Remember..
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Global Economy Set to Cruise at a Solid 3% Growth Rate Next Year
Yen Firms After Less Dovish Boj, Dollar Dips Ahead of Inflation Data
Date: October 31, 2024
By Brigid Riley and Medha Singh TOKYO/LONDON (Reuters) -The yen rose on Thursday after the Bank of Japan took a less dovish tone than expected while the U.S. dollar ticked lower ahead of jobs data later this week and the U.S. presidential election next week. The dollar was last down 0.5% against the Japanese currency...
Italy’s Finance Minister Defends Tax Hike on Cryptocurrencies Amid Party Spat
Date: October 31, 2024
ROME (Reuters) – Italy’s economy minister on Thursday defended his decision to raise taxes on cryptocurrency capital gains as part of next year’s budget, despite pressure from some lawmakers in his own party to backtrack. Giancarlo Giorgetti said savers should make a distinction between investments that finance tangible projects and cryptocurrencies, whose value he said...
Worldline Meets Q3 Revenue Estimates on Merchant Services Strength
Date: October 31, 2024
By Gianluca Lo Nostro (Reuters) -French digital payments company Worldline reported on Wednesday third-quarter revenue broadly in line with analyst expectations, as a resilient performance in its merchant services business offset the termination of some contracts. Revenue in the third quarter of the year fell 1.1% organically year-on-year to 1.16 billion euros ($1.3 billion), in...
US Dollar Ticks up on Jobs Data, Bitcoin Trades Near Record
Date: October 30, 2024
By Harry Robertson and Kevin Buckland LONDON/TOKYO (Reuters) -The dollar ticked up on Wednesday after stronger-than-expected private sector jobs data, though it remained off a three-month peak, while bitcoin sat close to a record high as traders raised their bets on a Donald Trump victory in next week’s election. Meanwhile, the pound fell on the...
Sterling Falls Ahead of UK Budget, While Volatility Gauge Jumps
Date: October 30, 2024
By Harry Robertson LONDON (Reuters) -The pound fell on Wednesday as British bond yields dropped ahead of the new Labour government’s first budget, while a gauge of expected volatility over the next week shot to its highest since March 2023. Sterling was last down 0.35% on the day at $1.297, pulled lower by a fall...
US Dollar Rally Pauses Before Jobs Data, Aussie Falls on Rba Outlook
Date: October 30, 2024
By Kevin Buckland TOKYO (Reuters) -The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for U.S. monetary policy. The Australian dollar slipped to a three-month trough after some stickiness in inflation suggested a Reserve Bank of Australia interest rate cut is unlikely...