monetary-policy
InvestingChip Stocks Slip, Keeping European Shares Muted Ahead of Data-Heavy Week
BusinessAnalysis-Darkening Global Outlook, Central Bank Pivots Signal More Turbulence
TradingAsia Shares Hesitate and Dollar Dips; Oil Gains
FinanceDollar Sinks vs Yen, Hovers Near 2-1/2-year Low to Sterling on Dovish Fed Shift
UK Businesses Report More Growth Momentum in August
Date: August 22, 2024
By Andy Bruce (Reuters) -British business activity sped up this month and cost pressures were the weakest in over three years, according to a survey on Thursday that signalled growth momentum going into the second half of 2024. Investors slightly scaled back their bets on a Bank of England interest rate cut next month after...
Bank of England to Deliver One More Rate Cut This Year, Economists Say: Reuters Poll
Date: August 22, 2024
By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England will cut interest rates just once more this year, in November, a majority of economists said in a Reuters poll, as British inflation is expected to stay above target. At the August meeting, the Monetary Policy Committee trimmed Bank Rate to 5.00% from a 16-year...
Morning Bid: S&P 500 Hunting Cloud Nine
Date: August 20, 2024
A look at the day ahead in U.S. and global markets by Alun John, EMEA breaking news correspondent, finance and markets. It’s been quite a recovery for the S&P 500 stock index since early August’s turmoil. The benchmark has risen for the past eight trading sessions, its longest streak of 2024, and is now just...
Asia Shares Hit One-Month High on Bets for Dovish Fed
Date: August 20, 2024
By Rae Wee SINGAPORE (Reuters) – Asian stocks scaled a one-month peak on Tuesday, tracking a Wall Street rally driven by expectations that the Federal Reserve could offer further hints of imminent rate cuts later this week. With the data calendar relatively light across major economies this week, all eyes are on Wednesday’s release...
Morning Bid: Greenback in the Red as Jackson Hole Looms
Date: August 19, 2024
A look at the day ahead in U.S. and global markets from Samuel Indyk The volatility that rocked markets in early August appears to be back under control, and with the Kansas City Fed’s Jackson Hole Symposium set to kick off on Thursday, things could stay that way until later in the week. U.S. Federal...
Thai Q2 GDP Beats Forecast, but Policy Uncertainty Clouds Outlook
Date: August 19, 2024
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s economic expansion accelerated in the second quarter due to stronger consumption, tourism and exports, but analysts said policy uncertainty following a change in government clouds the outlook. Gross domestic product grew 2.3% in the April-June quarter from a year earlier, National Economic and Social Development...