monetary-policy
BankingYen Hovers Near 5-month Low as BOJ’s Cautious Stance Weighs
BankingExclusive-Mexico Central Bank Could Weigh Rate Cut of 25 or 50 Bps in February, Deputy Governor Says
TechnologyRussia’s Inflation Reaches 9.5% This Year, Weekly Data Shows
FinanceLondon Stocks Gain on Christmas Eve, Vistry Falls on Profit Warning
Sterling Edges up in Holiday-Thinned Trading
Date: December 24, 2024
By Amanda Cooper LONDON (Reuters) – The British pound strengthened modestly in a holiday-shortened trading session on Tuesday, but could face a more uncertain path next year as global monetary policy diverges, analysts said. Sterling was last up 0.1% at $1.2544, set for a 1.6% loss in December, marking a third successive monthly loss. Against...
London Stocks Rise in Holiday-Shortened Session; Vistry Drops on Profit Warning
Date: December 24, 2024
(Reuters) – The UK’s benchmark FTSE 100 extended gains on Tuesday in thin trading volumes ahead of a Christmas break, while Vistry dropped after it warned on its fiscal 2024 profit. The blue-chip FTSE 100 was up 0.4%, while the midcap FTSE 250 was up 0.4% at 0934 GMT. Among sectors, the automobiles and parts...
China to Ramp up Fiscal Support for Consumption Next Year
Date: December 24, 2024
BEIJING (Reuters) – China will ramp up fiscal support for consumption next year by raising pensions and medical insurance subsidies for residents as well as expanding consumer goods trade-ins, its finance ministry said on Tuesday. The country will boost the basic pension for retirees and for urban and rural residents and raise financial subsidy standards...
Oil Prices Ease on Surplus Concerns, Dollar Strength
Date: December 24, 2024
By Nicole Jao NEW YORK (Reuters) -Oil prices edged lower on Monday in thin trade ahead of the Christmas holiday on concerns about a supply surplus next year and a strengthened dollar. Brent crude futures settled down 31 cents, or 0.43%, at $72.63 a barrel. U.S. West Texas Intermediate crude futures fell 22 cents, or...
Dollar Bounces From Inflation Data Drop, Euro Soft
Date: December 23, 2024
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar advanced after a drop in the prior session while the euro edged lower on Monday, as market moves were being dictated by recent global central bank meetings that set expectations for diverging rate cut paths next year. The dollar index, which measures the U.S. currency against six...
Oil Prices Stable on Monday as Data Offsets Surplus Concerns
Date: December 23, 2024
By Robert Harvey LONDON (Reuters) -Oil prices stabilised on Monday after losses last week as lower-than-expected U.S. inflation data offset investors’ concerns about a supply surplus next year. Brent crude futures were down by 38 cents, or 0.52%, to $72.56 a barrel by 1300 GMT. U.S. West Texas Intermediate crude futures were down 34 cents,...