Trading

Image for Sterling on track for biggest monthly fall since September 2023 vs dollar

Trading

Sterling on Track for Biggest Monthly Fall Since September 2023 vs Dollar

Image for Analysis-Markets gear up for two wild weeks of elections and rate moves

Trading

Analysis-Markets Gear up for Two Wild Weeks of Elections and Rate Moves

Image for Clear Street poaches metals traders from LME floor trader Sigma, sources

Trading

Clear Street Poaches Metals Traders From Lme Floor Trader Sigma, Sources

Image for Dollar gains for fourth week as investors grow jittery

Trading

Dollar Gains for Fourth Week as Investors Grow Jittery

Image for Sterling set for biggest four-week drop in a year before UK budget

Sterling Set for Biggest Four-Week Drop in a Year Before UK Budget

Date: October 25, 2024

LONDON (Reuters) – The pound stayed on track for its biggest four-week decline in over a year on Friday, albeit it steady on the day, as investors cling to the dollar in choppy political and macroeconomic waters. Sterling traders are also preparing for the new Labour government’s first budget on Oct. 30. Finance minister Rachel...

Image for Global commercial insurance rates show first quarterly fall in seven years, Marsh says

Global Commercial Insurance Rates Show First Quarterly Fall in Seven Years, Marsh Says

Date: October 25, 2024

LONDON (Reuters) – Global commercial insurance rates fell 1% in the third quarter of 2024, the first quarterly decline recorded in seven years, the Global Insurance Market Index by broker and risk advisor Marsh on Thursday showed. The index tracks the change in rates at renewal across four major commercial insurance product lines, namely...

Image for Euro, yen bounce as dollar stalls near three-month highs

Euro, Yen Bounce as Dollar Stalls Near Three-Month Highs

Date: October 24, 2024

By Kevin Buckland and Medha Singh TOKYO/LONDON (Reuters) -The euro and Japanese yen climbed from recent lows on Thursday, while the U.S. dollar paused after a relentless ascent to near three-month highs underpinned by expectations of a slower pace of interest rate cuts by the Federal Reserve. The euro firmed 0.2% to $1.080075, a day...

Image for Euro zone consumer confidence rises to -12.5 in October

Euro Zone Consumer Confidence Rises to -12.5 in October

Date: October 24, 2024

(Reuters) – Euro zone consumer confidence rose by 0.4 points in October from the September number, figures released on Wednesday showed. The European Commission said a flash estimate showed euro zone consumer morale improved to -12.5 this month from -12.9 in September. Economists polled by Reuters had expected a rise to -12.5. In the...

Image for Goldman sees oil prices holding around $76/bbl in 2025 on ample supply

Goldman Sees Oil Prices Holding Around $76/bbl in 2025 on Ample Supply

Date: October 24, 2024

(Reuters) – Goldman Sachs expects oil prices to average $76 a barrel in 2025 based on a moderate crude surplus and spare capacity among major producers, with concerns easing over a potential disruption in Iranian supply, it said in a note on Tuesday. Overall, we still see the medium-term risks to our $70-85/bbl range...

Image for German tax revenue rose 6.9% in September

German Tax Revenue Rose 6.9% in September

Date: October 22, 2024

BERLIN (Reuters) – Germany’s federal and state governments’ tax revenues rose 6.9% in September compared with the same month last year, the finance ministry said on Tuesday. The federal and state governments’ tax revenue reached a total of 86.2 billion euros ($93.54 billion) last month, according to the ministry’s monthly report. This follows a...