monetary-policy
TradingDollar Drops After Inflation Data, Yen Rebounds on Ishiba Win
InvestingStocks Rise to Records With Micron Rally; Oil Prices Slide
TradingChina Stimulus Pushes Global Shares to New Peak, Boosts Commodities
TradingSterling at Two-Year Peak Versus Euro After PMI Data
Oil Climbs on Middle East Escalation Fears, US Fed Rate Cut
Date: September 23, 2024
By Gabrielle Ng and Emily Chow SINGAPORE (Reuters) -Oil prices rose on Monday, buoyed by concerns that heightened conflict in the Middle East may curtail regional supply and expectations last week’s outsized U.S. interest rate cut will support demand. Brent crude futures for November were up 22 cents, or 0.3% at $74.71 a barrel...
Asia Stocks, Wall St Futures Edge Up; China Trims Repo Rate
Date: September 23, 2024
By Wayne Cole SYDNEY (Reuters) -Asian stocks firmed on Monday ahead of central bank meetings that are widely expected to deliver two more rate cuts and key U.S. inflation figures that should flash a green light for more easing there. China’s central bank surprised many by lowering its 14-day repo rate by 10 basis...
Bitcoin Jumps While Japan Holiday Dulls Most Currencies
Date: September 23, 2024
SINGAPORE (Reuters) – Bitcoin was the notable mover as it reached for one-month highs on Monday, sustaining its rally after the Federal Reserve’s super-sized rate cut last week, while the yen and most other major currencies stagnated with Japanese markets on holiday. The dollar strengthened against the yen last week after policy meetings in...
Yen Slides as BOJ Governor Steers Clear of Rate Hike Talk
Date: September 20, 2024
By Linda Pasquini and Wayne Cole LONDON/SYDNEY (Reuters) – The yen weakened on Friday after the Bank of Japan signalled it was in no rush to raise interest rates again after keeping them steady at 0.25% as widely expected. The dollar rose 1.2% to 144.32 yen, reaching its highest level in a little over two...
Oil Prices Set to End Week Higher After US Rate Cut
Date: September 20, 2024
By Arunima Kumar (Reuters) -Oil prices eased on Friday, but were on track to register gains for a second straight week following a large cut in U.S. interest rates and declining global stockpiles. Brent futures were down 50 cents, or 0.67%, at $74.38 a barrel at 1004 GMT while U.S. WTI crude futures fell 48...
Global Investors Brace for Turmoil as Big Fed Cut Sows Confusion
Date: September 20, 2024
By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) -Big global investors are on alert for wild market swings after a jumbo U.S. rate cut sparked confusion over whether the world’s dominant economy is set to boom or face recession, muddling prospects for stocks, bonds and currencies worldwide. Global stocks hit records on Thursday, a day...