monetary-policy
InvestingWorld Stocks, Bonds Bounce on Bessent Pick as US Treasury Secretary
FinanceStoxx 600 Hits Two-Week High; UniCredit, Commerzank Drop
TradingECB Policy Should Not Remain Restrictive for Too Long, Chief Economist Says
InvestingMorning Bid: Bonds Rally, Dollar Dips on Treasury Choice
Dollar Dips With Treasury Yields After Bessent Pick
Date: November 25, 2024
By Wayne Cole SYDNEY (Reuters) – The dollar surrendered a little of its recent gains on Monday as investors assumed the pick for U.S. Treasury secretary would reassure the bond market and pulled yields lower, shaving some of the dollar’s rate advantage. Yields on 10-year Treasuries slipped to 4.351%, from 4.412% late Friday, as President-elect...
Euro Zone Business Activity Falls Sharply in November, Survey Shows
Date: November 22, 2024
By Jonathan Cable LONDON (Reuters) -Euro zone business activity took a surprisingly sharp turn for the worse this month as the bloc’s dominant services industry contracted and manufacturing sank deeper into recession, a survey showed on Friday. HCOB’s preliminary composite euro zone Purchasing Managers’ Index, compiled by S&P Global, sank to a 10-month low of...
Euro Falls to Two-Year Low After PMI Data Plunges
Date: November 22, 2024
LONDON (Reuters) – The euro dropped to its lowest since December 2022 on Friday after data showed euro zone business activity tumbled in November as the bloc’s dominant services industry contracted and manufacturing sank deeper into recession. The common currency was last $1.0432, down 0.37% on the day, falling past its October 2023 level. Euro...
SNB Board Member Says Inflation Is Within Target Range
Date: November 22, 2024
By Emma Farge GENEVA (Reuters) – Swiss National Bank governing board member Petra Tschudin said on Thursday that inflation was comfortably within the range it hoped to see. Inflation in October dropped to 0.6%, its lowest level since June 2021, stoking analyst expectations the SNB will press ahead with further rate cuts. Asked about the...
Economists See Russian Inflation Exceeding the Central Bank’s 2024 Estimate
Date: November 22, 2024
By Gleb Bryanski and Darya Korsunskaya MOSCOW (Reuters) – Leading Russian economists expect inflation in Russia to exceed the central bank’s estimate for this year, increasing the likelihood of another aggressive benchmark interest rate hike next month. Consumer prices rose by 0.37% in the latest week, according to statistical data, pushing the headline figure since...
Trade War Could Leave Europe in Recession With High Inflation, ECB Policymaker Warns
Date: November 21, 2024
NICOSIA (Reuters) – Europe will suffer in case of a fresh trade war with the United States, and could face a recession coupled with high inflation, Cypriot central bank Governor Christodoulos Patsalides said on Thursday. Incoming U.S. President Donald Trump promised to impose tariffs on most imports and said Europe would pay a big price...