trading
Trading
Oil climbs on Middle East escalation fears, US Fed rate cut
Trading
Asia stocks, Wall St futures edge up; China trims repo rate
Trading
Sterling rises vs dollar, euro boosted by strong UK retail sale data
Trading
Dollar edges lower in choppy trading after Fed rate cut
ING bank tightens restrictions on oil and gas lending
Date: September 19, 2024
By Virginia Furness and Simon Jessop Dutch lender ING is further restricting access to finance for some oil and gas companies and from 2026 could drop clients that fail to align with its plans to be net zero, the bank’s chief executive told Reuters. European banks have taken the lead in policies to tackle...
Sterling rises after UK inflation data and ahead of Fed
Date: September 18, 2024
By Linda Pasquini LONDON (Reuters) – The British pound rose against the dollar on Wednesday after UK inflation data boosted the market view that the Bank of England will keep interest rates steady on Thursday, in contrast with an expected start to the U.S. policy easing cycle later on Wednesday. Sterling gained 0.49% to $1.3227,...
Morning Bid: Traders still guessing in final Fed countdown
Date: September 18, 2024
A look at the day ahead in European and global markets from Kevin Buckland With just hours until one of the most highly anticipated central bank decisions in recent memory, traders are still agonising over the odds of a super-sized Federal Reserve rate cut. An unexpected rise in U.S. retail sales on Tuesday initially...
US dollar strengthens ahead of Fed rate cut move
Date: September 17, 2024
By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar strengthened against most major currencies on Tuesday following better-than-expected retail sales data that seemed to support a less aggressive stance by the Federal Reserve when it delivers a much expected interest rate cut. Commerce Department data showed on Tuesday that U.S. retail sales unexpectedly rose 0.1%...
FTSE 100 rises ahead of key central bank meetings
Date: September 17, 2024
By Khushi Singh and Lisa Pauline Mattackal (Reuters) -London’s benchmark stock indexes ended higher on Monday, led by gains in automobile and parts shares, while investors focussed on a week of key central bank interest rate decisions. The benchmark FTSE 100 was up 0.1%; while the mid-cap FTSE 250 inched 0.2% higher. Both indexes...
US dollar drops to near 9-month low versus yen amid talk of larger Fed rate cut
Date: September 16, 2024
(This Sept. 13 story has been refiled to remove Mellon in BNY company name in paragraph 8) By Gertrude Chavez-Dreyfuss and Chibuike Oguh NEW YORK (Reuters) – The U.S. dollar fell on Friday to its lowest level in nearly nine months against the Japanese yen after media reports once again fueled speculation the Federal Reserve...