interest-rates
Top StoriesECB’s Top Conservative Shifts Tone With Sanguine Inflation Message
BusinessEuro Area Long-Dated Yields Rise After Sharp Drop, Geopolitics in Focus
BusinessSainsbury’s Boss Looks to UK Budget to Lift Spending Gloom
Top StoriesBig Banks Add October Cut to ECB Forecasts
UK House Prices Rise 0.7% in September, Nationwide Says
Date: September 30, 2024
LONDON (Reuters) -British house prices rose by a higher-than-expected 0.7% in September from August, with the annual growth rate hitting 3.2%, the fastest pace since November 2022, figures from Nationwide Building Society showed on Monday. Economists polled by Reuters had forecast prices would rise by 0.2% on a monthly basis and stand 2.7% higher...
Stocks Rise to Records With Micron Rally; Oil Prices Slide
Date: September 26, 2024
By Caroline Valetkevitch NEW YORK (Reuters) -A widely followed global stock index and the S&P 500 hit record highs on Thursday after chipmaker Micron Technology’s upbeat forecast, while oil dropped on a report Saudi Arabia plans to dump its unofficial crude price target of $100 a barrel. Micron’s forecast late Wednesday bolstered optimism about demand...
Dollar Firm Following Sharp Rebound as Fed Speakers Eyed
Date: September 26, 2024
By Kevin Buckland TOKYO (Reuters) – The dollar held firm on Thursday following its sharpest rally since early June as traders looked ahead to speeches from key Federal Reserve policymakers later in the day for clues on the pace of interest rate cuts. The U.S. currency rebounded strongly overnight from a more than one-year...
European Shares End Marginally Lower as Energy Stocks Drop
Date: September 26, 2024
By Pranav Kashyap and Shashwat Chauhan (Reuters) -Europe’s STOXX 600 closed slightly lower on Wednesday as energy stocks tracked lower crude oil prices, while Germany’s SAP slipped on news that the U.S. is investigating the software developer over price-fixing claims. The pan-European STOXX 600 index closed 0.1% lower after two sessions of gains. SAP...
Yen Slides as BOJ Governor Steers Clear of Rate Hike Talk
Date: September 20, 2024
By Linda Pasquini and Wayne Cole LONDON/SYDNEY (Reuters) – The yen weakened on Friday after the Bank of Japan signalled it was in no rush to raise interest rates again after keeping them steady at 0.25% as widely expected. The dollar rose 1.2% to 144.32 yen, reaching its highest level in a little over two...
Sterling Rises vs Dollar, Euro Boosted by Strong UK Retail Sale Data
Date: September 20, 2024
By Linda Pasquini (Reuters) – Sterling edged up against the dollar and the euro on Friday, as strong UK retail sale data provided an extra boost to the currency’s upbeat trend. The pound briefly hit $1.33405, touching March 2022 highs for the third consecutive day, but pared earlier gains to $1.32975. It gained 1.23% on...