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Top StoriesYen Remains Under Pressure After Japan Election
London Stocks Rise Amid Broader Gains, Commodity Shares Limit Climb
Date: October 28, 2024
By Shubham Batra and Nikhil Sharma (Reuters) -The UK’s benchmark FTSE 100 rose on Monday in a broader rally led by travel and leisure shares, as well as aerospace and defence stocks, though losses in commodity-linked companies restricted overall gains. The blue-chip FTSE 100 gained 0.43% by 1601 GMT, while the midcap FTSE 250 was...
Yen Under Pressure After Japan Election
Date: October 28, 2024
By Laura Matthews, Tom Westbrook, Stefano Rebaudo NEW YORK/SINGAPORE (Reuters) -The yen hit three-month lows against the dollar on Monday, as Japan’s ruling coalition’s election loss raises political and monetary policy uncertainty, while the U.S. dollar headed for its biggest monthly gain since April 2022. The dollar rose by as much as 1% to a...
Sterling on Track for Biggest Monthly Fall Since September 2023 vs Dollar
Date: October 28, 2024
By Stefano Rebaudo (Reuters) – The pound was on track for its biggest monthly fall since September 2023 against the dollar while being roughly unchanged versus the euro with markets focused on major central banks‘ monetary easing paths. Bank of England officials showed last week a more cautious approach to policy easing, with Governor Bailey...
Russian Central Bank Hikes Benchmark Rate to 21%, Highest Since 2003
Date: October 25, 2024
By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) -Russia’s central bank hiked its key interest rate by 200 basis points on Friday to 21%, the highest level since the early years of President Vladimir Putin’s rule, when Russia was recovering from the chaos that followed the collapse of the Soviet Union. The move, driven by...
UBS Global Wealth Management Lifts Global Equities Stance to ‘attractive’
Date: October 25, 2024
By Siddarth S (Reuters) -UBS Global Wealth Management has raised its stance on global equities to “attractive” from “neutral”, citing resilient U.S. economic growth, monetary policy easing by major central banks and an artificial intelligence (AI) boom. “Economic growth is remarkably resilient and central banks have been proactive, giving us confidence the supportive backdrop has...
Dollar Gains for Fourth Week as Investors Grow Jittery
Date: October 25, 2024
By Amanda Cooper LONDON (Reuters) -The dollar was set for a fourth weekly gain on Friday, as an uncertain backdrop for markets sent the yen near three-month lows ahead of an election in Japan over the weekend that could complicate the Bank of Japan’s (BOJ) plans to normalise rates. The dollar held steady, underpinned by...