interest-rates
BankingGlobal Central Bank Easing Cycle Grinds Along in October
Top StoriesUK Services Sector Lost Steam in Lead up to the Budget, PMI Shows
InvestingEuropean Shares Dip as Tech Losses Offset Bank, Oil Gains
BankingFTSE 100 Rises on Energy Boost; US Election in Focus
Sterling Extends Bounce Off Recent Lows as U.S. Election in Focus
Date: November 4, 2024
By Medha Singh (Reuters) – The British pound bounced against a tepid dollar on Monday ahead of high-stakes events this week that include U.S. elections and a Bank of England interest rate decision. Sterling rose 0.4% to $1.297, coming off of its longest string of weekly losses in nearly six years. It fell to a...
Dollar Drops to Two-Week Low as Investors Take Profit on ‘Trump Trades’
Date: November 4, 2024
By Medha Singh and Wayne Cole (Reuters) -The dollar dipped on Monday as investors braced for wide-ranging implications for the global economy this week from the outcome of U.S. elections and a likely interest rate cut from the Federal Reserve. The euro jumped 0.7% to $1.0906. The dollar fell nearly 1% on the yen to...
Dollar Skids Ahead of US Election, Likely Fed Rate Cut
Date: November 4, 2024
By Wayne Cole SYDNEY (Reuters) -The dollar slid in Asia on Monday as investors braced for a potential pivot this week for the global economy as the United States chooses a new leader, and as it likely cuts interest rates again with major implications for bond yields. The euro extended an early climb to be...
Czech Central Bank Likely to Continue Rate Cuts, Analysts Say: Reuters Poll
Date: November 1, 2024
By Jason Hovet PRAGUE (Reuters) – The Czech National Bank (CNB) is likely to deliver an eighth straight interest rate cut next week as economic growth is expected to stay weak and inflation holds near target, a Reuters poll showed on Friday. The central bank has slowed the pace of the easing campaign it started...
UK Year-Ahead Public Inflation Expectations Rise to 3.3% in Oct, Citi/YouGov Survey Shows
Date: November 1, 2024
LONDON (Reuters) – British households’ expectations for inflation over the next 12 months rose again in October, adding to the likelihood that the Bank of England will only cut interest rates once a quarter, a monthly survey from Citi and YouGov showed on Friday. The survey showed expectations for inflation in a year’s time rose...
Yields Fall, Shares Rise After Muted Response to October Payrolls Data
Date: November 1, 2024
By Alun John LONDON (Reuters) -U.S. government bond yields fell and stock futures edged up on Friday after data showed the U.S. economy barely added any jobs in October, though the numbers was heavily disrupted by industrial action and hurricanes. Nonfarm payrolls increased by 12,000 jobs last month after surging by a downwardly revised 223,000...