monetary-policy
Top StoriesYen Falls After Dovish Boj; Euro Limps Towards Weekly Loss
Top StoriesWall St Rallies, Dollar Drops After Cooler US Inflation; Fed in the Wings
Top StoriesDollar Calm Ahead of Inflation Test, Fed Decision
Top StoriesEuropean Shares Steady After French Political Tremors, Eyes on Fed
Global Stocks Dip, Treasuries Flail as Strong Jobs Data Douses Fed Cut Hopes
Date: June 7, 2024
Global stocks dip, Treasuries flail as strong jobs data douses Fed cut hopes By Naomi Rovnick and Koh Gui Qing NEW YORK/LONDON (Reuters) -Global stocks pulled back from an all-time high on Friday after surprisingly strong U.S. monthly jobs data dimmed hopes that the Federal Reserve would soon follow euro zone and Canadian interest rate...
US Dollar Rallies After Stronger-Than-Expected Jobs Report
Date: June 7, 2024
US dollar rallies after stronger-than-expected jobs report By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON (Reuters) -The U.S. dollar jumped on Friday after data showed the world’s largest economy created a lot more jobs than expected last month, suggesting that the Federal Reserve could take time in starting its easing cycle this year. U.S. nonfarm...
ECB Delivers Its First Rate Cut in Five Years
Date: June 6, 2024
ECB delivers its first rate cut in five years By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank went ahead with its first interest rate cut since 2019 on Thursday, keeping its word despite an increasingly uncertain inflation outlook. The ECB had all but promised a rate cut after seeing inflation fall...
UK Services Firms Report Slower Growth and Weaker Inflation, PMI Shows
Date: June 5, 2024
UK services firms report slower growth and weaker inflation, PMI shows By David Milliken LONDON (Reuters) – Growth among Britain’s services businesses eased in May from April’s 11-month high and inflation pressures dropped to their lowest in three years, a survey showed on Wednesday, potentially easing the way for a Bank of England rate cut...
Stocks Gain on Rate-Cut Wagers as ECB Meeting Looms
Date: June 5, 2024
Stocks gain on rate-cut wagers as ECB meeting looms By Danilo Masoni and Ankur Banerjee MILAN (Reuters) – World shares rose on Wednesday and the dollar inched up, with a European Central Bank policy meeting coming into focus following soft U.S. labour market data that firmed up bets of a September rate cut by the...
Euro Zone Business Activity Expands at Fastest Rate in a Year, PMI Shows
Date: June 5, 2024
Euro zone business activity expands at fastest rate in a year, PMI shows BENGALURU (Reuters) – Euro zone business activity expanded at its quickest rate in a year in May as growth in the bloc’s dominant services industry outpaced contraction in manufacturing, according to a private survey, which also showed price pressures easing. HCOB’s composite...