interest-rates
BankingECB Rate Cut of 25 Bps Possible, Not More, ECB’s Holzmann Tells Paper
Top StoriesUS Labor Market Steadily Cooling Amid Higher Job Openings, Low Layoffs
TradingEuro Gains as Crisis Comes to a Head; South Korean Won Cuts Losses as Martial Law Lifted
BusinessShift to New UK Job Market Survey May Be Delayed to 2027, Ons Says
Central Banks Extend Easing Cycle in November as Uncertain 2025 Looms
Date: December 3, 2024
By Karin Strohecker and Sumanta Sen LONDON (Reuters) – Monetary easing by central banks across developed and emerging economies trundled along in November with markets warily gearing up for a new year that could bring tectonic shifts to the global policy making backdrop. Four of the six central banks overseeing the 10 most heavily traded...
Sterling Picks up Versus Dollar, Flat Against Euro
Date: December 3, 2024
LONDON (Reuters) – Sterling gained against the dollar on Tuesday after dovish comments from Federal Reserve Governor Christopher Waller and was steady against the euro as political turmoil in France kept investors on edge. The pound was last up 0.16% at $1.2678, recovering some of Monday’s 0.7% loss. In the last three months, the pound...
Swiss Inflation Weaker Than Expected, Boosting Rate Cut Bets
Date: December 3, 2024
ZURICH (Reuters) -Swiss inflation rose less than expected in November, official data showed on Tuesday, boosting bets for a bigger interest rate cut by the Swiss National Bank next week. Swiss annual inflation advanced to 0.7% in November from 0.6% the previous month, according to figures from the Federal Statistics Office. The consensus forecast of...
Oil Steady, Traders Hopeful on China Demand but Worried About Fed
Date: December 3, 2024
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices were little changed on Monday, as hopes of stronger demand stemming from higher factory activity in China was largely offset by concerns that the U.S. Federal Reserve will not cut interest rates again at its December meeting. Brent crude futures settled 1 cent lower at $71.83 a barrel....
Exclusive-Top Russian Banker Says Sanctions-Hit Economy Will Slow in 2025
Date: December 2, 2024
By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) -Russia’s sanctions-hit, militarized economy is expected to slow next year and banks’ profits will fall, while the benchmark interest rate may climb to 23% by the end of this year, Andrei Kostin, CEO of Russia’s second-largest lender, VTB, said. Kostin predicted that GDP growth will slow to...
Budget Woes Push French Borrowing Costs Above Crisis-Scarred Greece
Date: December 2, 2024
By Harry Robertson LONDON (Reuters) -French borrowing costs rose above those of Greece on Monday for the first time, as Michel Barnier’s government teetered on the brink of collapse, underlining a dramatic shift in how lenders view the creditworthiness of euro zone members. The far-right National Rally (RN) party on Monday said it was ready...