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Euro zone bond yields rise to one-month high
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Stocks rally as investors cheer US inflation relief
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Sterling struggles to regain steam against dollar
Trading
STOXX 600 inches lower at start of Christmas week; Novo Nordisk surges
German import prices up 0.6% y/y in November
Date: December 23, 2024
(Reuters) – German import prices grew by 0.6% year on year in November, the statistics office said on Monday. Analysts polled by Reuters had predicted a 0.3% increase. The statistics office offers more detailed economic data on its website. (Reporting by Bartosz Dabrowski, editing by Kirsti Knolle)...
Dollar steady after benign US inflation eases worries over rates
Date: December 23, 2024
By Ankur Banerjee SINGAPORE (Reuters) – The dollar was steady on Monday after U.S. inflation data showed only a modest rise last month, easing some concerns about the pace of U.S. rate cuts next year, while the yen loitered near 156 per dollar, raising the possibility of intervention. Investor sentiment was also lifted when a...
Sterling set to end week in red against dollar as outlooks diverge
Date: December 20, 2024
By Greta Rosen Fondahn (Reuters) – Sterling held up against the dollar on Friday but was set to end the week lower after coming under pressure from divided Bank of England policymakers’ views and a U.S. Federal Reserve that is now more reluctant to lower interest rates. The pound was flat against the dollar at...
Morning Bid: One last hurdle remains for the year
Date: December 20, 2024
A look at the day ahead in European and global markets from Stella Qiu 2024 is almost over. Several central banks have concluded their final policy meetings of the year – some held steady and others cut, but all of them were noting a more uncertain 2025 when the global economy and trade could look...
Oil falls on demand growth concerns, robust dollar
Date: December 20, 2024
By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down nearly 3%. Brent crude futures fell by 33 cents, or 0.45%, to $72.55 a barrel by 0730 GMT. U.S. West Texas...
UK’s FTSE 100 slides after Fed’s cautious stance, BoE holds rates
Date: December 20, 2024
(Reuters) -Britain’s FTSE 100 dropped to a four-week low on Thursday after the U.S. Federal Reserve projected fewer interest rate cuts than expected in 2025, while the Bank of England kept borrowing costs on hold. The FTSE 100 fell 1.1%, hitting its lowest since Nov. 21, while the mid-cap FTSE 250 lost 0.9%, its lowest...