monetary-policy
BankingHungary Central Bank Leaves Base Rate Steady for Third Straight Month
BankingEuropean Shares Soft, Dollar Firms Ahead of Central Bank Meetings
InvestingSterling Gets a Lift From Hotter UK Wage Growth
Top StoriesECB’s Rehn Says Speed, Scale of Rate Cuts to Be Decided at Each Meeting
US Stocks End Higher Ahead of Fed, Bitcoin Surges
Date: December 17, 2024
By Stephen Culp NEW YORK (Reuters) – Megacap tech shares muscled the S&P 500 and the Nasdaq to higher closes on Monday as U.S. Treasury yields paused and investors readied for a busy central bank week. Bitcoin surged, touching a new high after U.S. President-elect Donald Trump suggested he plans to set up a bitcoin...
Oil Sags on Soft Chinese Spending, Investor Pause Before US Fed Rate Move
Date: December 17, 2024
By Laila Kearney NEW YORK (Reuters) – Oil futures slipped from the highest levels in several weeks on Monday on weakness in consumer spending in China, the world’s largest oil importer, and as investors paused buying ahead of the U.S. Federal Reserve’s interest rate decision. Brent crude futures settled at $73.91 a barrel, down 58...
UK Stocks Start Policy Decision Week Lower; Entain Falls
Date: December 17, 2024
(Reuters) -Britain’s FTSE 100 index slipped on Monday, with Entain dropping after Australia’s financial crime watchdog initiated legal proceedings against it, while a survey showed British businesses cut staffing by the most since the COVID pandemic this month. The FTSE 100 was down 0.5%, with Entain taking the biggest hit, down 6.3%, after the Australian...
Luxury and Energy Sectors Weaken European Shares; French Stocks Fall 0.7%
Date: December 17, 2024
By Sruthi Shankar and Shashwat Chauhan (Reuters) – European shares closed lower on Monday, bogged down by heavyweight luxury and energy shares after disappointing China data, while French stocks underperformed after a surprise ratings downgrade by Moody’s. The pan-European STOXX 600 index closed 0.1% lower, trading near two-week lows, with autos the top sector decliner...
French Central Bank Trims Growth Outlook on Political Drama
Date: December 17, 2024
PARIS (Reuters) – France’s economy will grow more slowly than expected in the next two years as its home-grown political turmoil adds to the global volatility weighing on activity, the central bank forecast on Monday in its quarterly outlook. After growth of 1.1% this year, the euro zone’s second biggest economy will expand 0.9% in...
Russia’s Key Rate Seen Climbing by Another 200 Bps to 23%: Reuters Poll
Date: December 16, 2024
By Elena Fabrichnaya MOSCOW (Reuters) – The Russian central bank is expected to hike its key interest rate by another 200 basis points (bps) to 23% at its last rate-setting meeting of 2024 this week, according to a Reuters poll, as high inflation has been exacerbated by a weaker rouble. Twenty-three of 27 economists in...