monetary-policy
BusinessUK Economy Returns to Growth in August After Two Months of Stagnation
InvestingStocks, US Yields up After Fed Minutes; Inflation Data on Deck
TradingDollar Steady, Focus on Fed Path, China, Middle East
BankingBank of Portugal Cuts Growth Forecast for This Year and Next
ECB Will Probably Cut Rates in Oct on Risk of Too Low Inflation: Villeroy
Date: October 7, 2024
FRANKFURT (Reuters) – The European Central Bank will probably cut interest rates on Oct 17 as economic growth is weak and this raises the risk that inflation will undershoot its 2% target, French Central Bank Chief Francois Villeroy de Galhau told an Italian newspaper. The ECB cut rates from record highs twice already this...
Morning Bid: PMIs to Pave the Way for Rate Cuts
Date: October 3, 2024
A look at the day ahead in European and global markets from Stella Qiu Services PMIs due across Europe on Thursday are likely to show further moderation in activity and cement expectations for rate cuts in the region, while potential rate moves in New Zealand and the U.S. are also in focus. Investors are...
Asian Shares Retreat From 32-month Top, Japan Rallies as Rate Risk Eases
Date: October 3, 2024
By Stella Qiu SYDNEY (Reuters) -Asian shares retreated from a 32-month peak on Thursday as the sizzling rally in Hong Kong took a breather, while Japan’s Nikkei jumped as the risk of further tightening in monetary policy this year faded. Sterling fell 0.7% to a two-week low of $1.3177 after Bank of England Governor...
ECB’s Top Conservative Shifts Tone With Sanguine Inflation Message
Date: October 2, 2024
FRANKFURT (Reuters) -Euro zone inflation is increasingly likely to ease back to the European Central Bank’s 2% target on a durable basis, ECB board member Isabel Schnabel said, dropping her long-standing warning about the difficulty of the ‘last mile’ in taming price growth. Inflation dipped under 2% last month and economic growth is weakening, so...
Bonds Rally, Dollar Firms as Traders Ponder Rate Cuts
Date: October 1, 2024
By Yoruk Bahceli (Reuters) –Government bonds rallied on Tuesday as euro zone inflation data boosted the case for faster European Central Bank rate cuts, while the dollar firmed after comments by Federal Reserve Chair Jerome Powell reined in bets on a second big U.S. rate cut. Oil prices fell even as Middle Eastern tensions escalated...
Big Banks Add October Cut to ECB Forecasts
Date: October 1, 2024
LONDON (Reuters) -Major brokerages, including Goldman Sachs and JPMorgan, now expect the European Central Bank to deliver a quarter-point cut at its Oct. 17 meeting, revising their forecasts on Friday on recent data showing economic weakness and slowing inflation. Market pricing now reflects around a 70% chance of such a rate cut, which would...