monetary-policy
TradingDollar Weak, Yen at 2024 High on Bets of Big Rate Cut From Fed
TechnologyTech Takes Stocks Higher as ECB Prepares Rate Cut
BankingECB Cuts Interest Rates as Growth Dwindles
TradingSterling Edges up Versus Dollar and Euro After UK Data
European Shares Rise on Real Estate Boost
Date: September 10, 2024
By Pranav Kashyap (Reuters) – European shares climbed on Tuesday, boosted by the real-estate sector, while investors also awaited the widely expected rate cut by the European Central Bank later in the week. The pan-European STOXX 600 index rose 0.3% after gaining nearly 1% on Monday. Rate-sensitive real estate sector advanced 1% ahead of the...
Morning Bid: China Gloom Overshadows Wall Street-Led Rebound
Date: September 10, 2024
A look at the day ahead in European and global markets from Rae Wee The rebound in global share markets proved short-lived in Asia on Tuesday, as yet another set of lacklustre economic indicators from China soured the mood and capped gains in Asian stocks. That has set up a mixed opening in Europe, with...
US Dollar Regains Footing as Traders Pare Bets on Big Fed Rate Cut
Date: September 9, 2024
By Gertrude Chavez-Dreyfuss and Sruthi Shankar NEW YORK/LONDON (Reuters) -The dollar bounced against the yen and other major currencies on Monday, as investors looked ahead to U.S. inflation data after Friday’s mixed payrolls report reinforced expectations that the Federal Reserve will likely stick to a smaller interest rate cut of 25 basis points (bps). The...
Wall Street Follows World Stocks Higher Ahead of Central Bank Actions
Date: September 9, 2024
By Stephen Culp NEW YORK (Reuters) -U.S. stocks moved higher on Monday, following their European counterparts, as markets looked ahead to key data and actions from central banks. The S&P 500 appeared set to snap a four-session losing streak, bouncing back along with the Dow from its biggest weekly percentage loss since March 2022. The...
European Shares Have Worst Day in a Month as Investors Digest Mixed US Data
Date: September 6, 2024
By Shubham Batra and Lisa Pauline Mattackal (Reuters) -European shares fell for a fifth straight session on Friday in their worst day since early August, after a widely anticipated U.S. jobs report offered mixed signals on the size of a potential Federal Reserve rate cut later this month. The pan-European STOXX 600 index fell 1%....
US Dollar Advances on Month-End Demand; Focus on Economic Data
Date: August 28, 2024
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar gained on Wednesday due to month-end buying and technical factors after recent declines that pushed it to its weakest in more than a year, as traders awaited data that could dictate the pace of the Federal Reserve’s imminent easing cycle. Sharp bouts of volatility hit foreign...