interest-rates
TradingSterling Struggles to Regain Steam Against Dollar
TradingEuro Zone Bond Yields Rise to One-Month High
TradingSterling Struggles to Regain Steam Against Dollar
Top StoriesLagarde Says ECB Very Close to Reaching Its Inflation Goal, Ft Reports
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...
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...
Europe’s Stoxx 600 Clocks Worst Day in More Than a Month After Fed’s Hawkish Signal
Date: December 20, 2024
By Sruthi Shankar and Shashwat Chauhan (Reuters) -European stocks fell on Thursday, with the benchmark STOXX recording its biggest single-day drop since early November as investors fled riskier assets after the U.S. Federal Reserve signalled a slower pace of interest rate cuts next year. The pan-European STOXX 600 index closed 1.5% lower, hitting a three-week...
Dollar Set to End Week on a High, Yen at Five-Month Low
Date: December 20, 2024
By Rae Wee SINGAPORE (Reuters) – The dollar was set to cap the week on a strong note on Friday as it was perched near a two-year high bolstered by a hawkish U.S. rate outlook, while the yen struggled to stay afloat as it again weakened to a new low. Currencies took a breather after...
Norway Keeps Rates on Hold, Eyes Three Cuts in 2025
Date: December 19, 2024
OSLO (Reuters) -Norway’s central bank held its policy interest rate unchanged at a 16-year high of 4.50% on Thursday, as expected, and said it now planned to cut rates three times in 2025, down from four cuts seen previously. “The committee judges that a restrictive monetary policy is still needed to stabilise inflation around target,...