interest-rates
InvestingOil Settles Down 2% on Weaker Chinese Demand, Uncertainty Over Fed Rate Cut
BankingECB Should Cut Rates Further to Support Recovery, Cipollone Says
Top StoriesAnalysis-UK Inflation Worries Tick up After Big-Spending Budget and Trump Win
BusinessSterling Heads for Worst Weekly Performance Since January
Stocks Head South as Fed Chair Sows Rate Cut Doubts
Date: November 15, 2024
By Naomi Rovnick and Nell Mackenzie LONDON (Reuters) – The U.S. dollar was poised for a big weekly gain on Friday, towering near one-year peaks as Federal Reserve rate cut doubts also weighed on Treasuries and world stocks. Fed Chair Jerome Powell said on Thursday there was no need to rush rate cuts to support...
Sterling Heads for Worst Weekly Performance Since January
Date: November 15, 2024
By Amanda Cooper LONDON (Reuters) – The pound headed for its biggest weekly loss since January on Friday, under pressure from weak UK economic data and a surging dollar that is getting a lift from investors’ conviction that Donald Trump’s policies will drive up U.S. growth and inflation. Britain’s economy contracted unexpectedly in September and...
Dollar Rallies as Fed’s Powell Nixes Rate Cut Bets
Date: November 15, 2024
By Amanda Cooper LONDON (Reuters) -The dollar was set for its biggest weekly gain in over a month on Friday, supported by expectations of fewer Federal Reserve rate cuts and the view that President-elect Donald Trump’s policies could stoke U.S. inflation when he takes office. Volatility in the currency markets has run high this week,...
Morning Bid: Chinese Consumers Spend More, Just Not on Property
Date: November 15, 2024
A look at the day ahead in European and global markets from Stella Qiu Asian shares ended a brutal week on a steadier note helped by Chinese consumers pushing retail sales beyond forecasts after a blitz of policy support measures shored up… well, the stock market, mostly. Yes, property sales picked up a tad but...
Exclusive-Russian Railways Expects Interest Costs to Hit $7 Billion in 2025
Date: November 14, 2024
By Gleb Stolyarov and Alexander Marrow (Reuters) – Russian Railways expects its interest payment costs to hit $7 billion next year, suggesting a rise of around $4 billion, a company document seen by Reuters shows, as businesses and the government blame high rates for slowing investment growth. The state-owned monopoly, which transports an average of...
UK House Price Growth Quickens but Budget Clouds Outlook, Rics Survey Shows
Date: November 14, 2024
(Reuters) – British house prices rose in October at the fastest pace in more than two years, according to a survey that on Thursday that mostly reflected sentiment before finance minister Rachel Reeves published her budget at the end of the month. The Royal Institution of Chartered Surveyors said its house price balance rose to...