monetary-policy
Top StoriesYen Jumps as Bets for Dovish Fed Pressures Dollar
Top StoriesMorning Bid: With US Economy Humming, a Quarter Point Will Do
Top StoriesStoxx 600 Set for Best Week in More Than 3 Months on US Rate Cut Hopes
Top StoriesMorning Bid: US Clears Inflation Decks, Nz Cut Surprises
Sterling Rises After UK Unemployment Rate Unexpectedly Falls
Date: August 13, 2024
By Harry Robertson LONDON (Reuters) -The pound rose on Tuesday after data showed Britain’s unemployment rate unexpectedly fell in June, although wage growth slowed. Figures showed the UK jobless rate dropped to 4.2% in June, down from 4.4% in May – defying expectations for a small rise. Sterling was last up 0.22% at $1.2794,...
European Shares Muted as Investors Brace for Data-Packed Week
Date: August 12, 2024
By Pranav Kashyap and Ankika Biswas (Reuters) -gtgEurope’s benchmark stock index was subdued on Monday, erasing early gains, with investors bracing for key U.S. inflation numbers to gauge the Federal Reserve’s monetary policy path amid lingering recession fears and a deluge of other European data. The STOXX 600 index closed on a flat note, after...
Morning Bid: Markets Shift to Holiday Mood
Date: August 12, 2024
A look at the day ahead in European and global markets from Wayne Cole It’s been a blessedly quiet start to the week in Asia with Japan taking a much-needed holiday for Mountain Day, after the Nikkei tumbled down a mountain of its own last week and sent global markets reeling. If Tokyo were...
Dollar Gains After US Jobless Claims Fall More Than Expected
Date: August 8, 2024
By Hannah Lang NEW YORK (Reuters) – The dollar rose on Thursday after new U.S. labor market data showed that unemployment benefits fell more than expected last week, easing fears of an imminent recession. The greenback’s rise was most prominent against the yen, following a sharp drop the day before in a volatile week in...
European Shares Tumble as Global Equity Rout Amplifies
Date: August 2, 2024
By Pranav Kashyap and Shashwat Chauhan (Reuters) -Europe’s STOXX 600 fell close to 3% on Friday as global equity markets ran into turbulence after a U.S. jobs report exacerbated worries of an economic slowdown in the world’s biggest economy, with financials and tech the worst hit. The pan-European STOXX 600 index dropped 2.7% to 497.85...
Fears for US Economy Send Investors to Safe Havens, Fuel Stock Slump
Date: August 2, 2024
By Chris Prentice and Naomi Rovnick NEW YORK/LONDON (Reuters) -Weak U.S. data reaffirmed investor worries on Friday, fueling a sell-off in global equities and pressuring U.S. Treasury yields to multi-month lows. Richly valued technology firms took much of the pain, and an index of European bank stocks headed for its largest weekly decline in 17...