interest-rates
TradingDollar Weak, Yen at 2024 High on Bets of Big Rate Cut From Fed
TechnologyTech Takes Stocks Higher as ECB Prepares Rate Cut
BankingECB Cuts Interest Rates as Growth Dwindles
InvestingUS Stocks, Dollar Defensive, Bonds Rally as Harris Harries Trump
S&P 500, Nasdaq Rise, Crude Slides as CPI Awaits
Date: September 11, 2024
By Stephen Culp NEW YORK (Reuters) -The S&P 500 and the Nasdaq gained ground while Brent crude prices hit a 3-1/2-year low on Tuesday amid concerns over softening global demand a day ahead of key inflation data. Market participants were girding for the Labor Department’s consumer price index report, and the first debate between Vice...
FTSE 100 Falls on Healthcare, Energy Weakness; Cooling Wage Growth Fuels Rate Cut Bets
Date: September 11, 2024
By Khushi Singh and Purvi Agarwal (Reuters) -London’s FTSE 100 ended lower on Tuesday, led by a sell-off in healthcare and energy shares, while cooling wage growth in the UK cemented bets for further interest rate cuts by the Bank of England. The blue-chip FTSE 100 fell 0.8%, after logging its best day in...
Sterling Edges up Versus Dollar and Euro After UK Data
Date: September 10, 2024
By Stefano Rebaudo (Reuters) – Sterling edged up versus the dollar and the euro on Tuesday after UK labour data supported the view that the British economy was on a solid footing. Pay growth cooled in the three months to July to a more than two-year low, and employment shot higher, according to data on...
Stocks Ease in Jittery Trading; Harris-Trump Debate up Next
Date: September 10, 2024
By Amanda Cooper LONDON (Reuters) – Global shares dipped on Tuesday, struggling to draw momentum from a rally on Wall Street as concerns about faltering economic growth dampened investor sentiment, which also weighed on oil. Data from China showed exports grew at their fastest since March 2023 in August, suggesting manufacturers were rushing out orders...
Dollar Edges Down Before US Inflation Data, Presidential Debate
Date: September 10, 2024
By Stefano Rebaudo (Reuters) -The dollar edged down on Tuesday before U.S. inflation data and the televised U.S. presidential debate, which could affect expectations for the interest rate outlook. A mixed labour report on Friday failed to make a clear-cut case for whether the Federal Reserve would deliver a regular 25 basis point (bps) rate...
UK Pay Growth Cools, Keeping BoE on Track for Another Rate Cut
Date: September 10, 2024
By Andy Bruce and Suban Abdulla LONDON (Reuters) -British pay growth cooled in the three months to July to a more than two-year low and employment shot higher, according to data on Tuesday which is likely to keep the Bank of England on track to cut interest rates again before the end of the year....