interest-rates
Top StoriesWall Street Follows World Stocks Higher Ahead of Central Bank Actions
InvestingGlobal Stock Index, Treasury Yields Fall After Mixed US Jobs Report
FinanceFTSE 100 Clocks Weekly Decline; Personal Goods Shares Biggest Drag
TradingDollar Edges up After August US Payrolls Paints Mixed Picture
Analysis-Sterling’s Stunning Rally Keeps Twitchy Currency Markets on Edge
Date: August 29, 2024
By Naomi Rovnick LONDON (Reuters) – Sterling has hit roughly 2-1/2 years highs against the dollar and is flying high versus the euro, in moves analysts warn are underpinned by speculative interest rate bets that could unravel fast in markets still shaken by early August turmoil. At around $1.32, Britain’s pound has soared beyond most...
Currencies Trade in Tight Range as Market Awaits More U.S. Rate Cues
Date: August 28, 2024
By Brigid Riley (Reuters) -The U.S. dollar held near its lowest level in more than a year against a basket of peers on Wednesday, with sterling trading just off multi-year highs, as markets focused on clues to the size of a widely expected U.S. interest rate cut next month. Cryptocurrency bitcoin took the early...
US Dollar Weakens, Sterling Hits More Two-Year High
Date: August 27, 2024
By Alun John and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) -Sterling climbed to its highest against the U.S. dollar in more than two years on Tuesday, while the greenback slipped broadly after gains the previous session, as investors await key economic data this week and next. Currency moves remained driven by the prospect of upcoming U.S....
Analysis-Korea’s Birth Rate Drive Struggles to Sway ‘yolo’ Generation
Date: August 27, 2024
By Jihoon Lee, Cynthia Kim and Joyce Lee SEOUL (Reuters) – As South Korea scrambles to halt the sharp decline in its birth rate, policymakers are having a hard time convincing many in their 20s and 30s that parenthood is a better investment than stylish clothes or fancy restaurants. Asia’s fourth-largest economy plans to...
UK Shop Prices Dip for First Time in Nearly 3 Years, Survey Shows
Date: August 27, 2024
(Reuters) – British shop prices fell in annual terms this month for the first time since October 2021, pushed down by summer sales of clothes and household goods, a survey showed on Tuesday. The British Retail Consortium said shop prices fell by 0.3% in August compared with the same month in 2023, after a...
Stocks Edge Lower, Oil Jumps on Supply Concerns Over Mideast, Libya
Date: August 26, 2024
By Chibuike Oguh and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -World equity markets edged lower on Monday as markets digested the likelihood of U.S. interest rates being lowered soon, even as oil prices jumped amid increased tensions in the Middle East. The benchmark S&P 500 index and the Nasdaq gave up early gains and traded lower,...