interest-rates
FinanceECB Cuts Rates Once More as Euro Zone Economy Sags
InvestingSterling Dips as Investors Look to UK Jobs, Inflation Reports This Week
InvestingStocks Higher After Inflation Data Keeps Fed Expectations on Hold
Top StoriesUK Property Market Strengthens, Pressure on Renters Intensifies, Rics Says
Sterling Hovers Near One-Month Low Ahead of US Inflation Print
Date: October 10, 2024
LONDON (Reuters) – The pound was flat on Thursday, hovering near its lowest level against the dollar in a month, as traders maintained a cautious stance and waited for potentially market-moving U.S. inflation data due later in the day. Sterling held its ground at $1.3076, up marginally from Wednesday’s trough of $1.3057, its lowest...
Stocks, US Yields up After Fed Minutes; Inflation Data on Deck
Date: October 10, 2024
By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks advanced on Wednesday along with U.S. Treasury yields, as minutes from the Federal Reserve’s September meeting indicated more rate cuts, while investors awaited inflation data for further clues on the central bank’s interest rate path. Minutes from the meeting showed a “substantial majority” of U.S. Federal...
UK Pay Growth Weakest Since February 2021, Rec Survey Show
Date: October 7, 2024
LONDON (Reuters) – Britain’s jobs market showed more signs of cooling in September as pay growth increased at the slowest pace in almost four years, according to a survey likely to reassure the Bank of England as it considers whether to cut borrowing costs again. The Recruitment and Employment Confederation and KPMG said on...
ECB Will Probably Cut Rates in Oct on Risk of Too Low Inflation: Villeroy
Date: October 7, 2024
FRANKFURT (Reuters) – The European Central Bank will probably cut interest rates on Oct 17 as economic growth is weak and this raises the risk that inflation will undershoot its 2% target, French Central Bank Chief Francois Villeroy de Galhau told an Italian newspaper. The ECB cut rates from record highs twice already this...
Dollar Hovers Near Six-Week High Ahead of US Jobs Report; Sterling Attempts Recovery
Date: October 4, 2024
By Ankur Banerjee and Medha Singh SINGAPORE/LODNON (Reuters) – The dollar hovered near a six-week high on Friday ahead of crucial jobs data that could dictate the path of U.S. interest rates, while the yen jumped, capping a turbulent week hit by uncertainty over Japan’s monetary policy outlook. The dollar was also boosted by...
Morning Bid: PMIs to Pave the Way for Rate Cuts
Date: October 3, 2024
A look at the day ahead in European and global markets from Stella Qiu Services PMIs due across Europe on Thursday are likely to show further moderation in activity and cement expectations for rate cuts in the region, while potential rate moves in New Zealand and the U.S. are also in focus. Investors are...