monetary-policy
Top StoriesWorld Stocks Tread Water as Traders Eye Fed Pause Prospects
Top StoriesEuro Zone Business Growth Slowed in May as Factories struggled-PMI
BusinessOil up Over 2% After US Debt Deal and Jobs Data; Focus Turns to Opec+
Top StoriesDollar Edges Higher After Larger-Than-Expected Rise in May Payrolls
Stocks Surge in Asia as US Averts Default, Fed Pause Bets Rise
Date: June 2, 2023
Stocks surge in Asia as US averts default, Fed pause bets rise By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks jumped on Friday on increasing expectations that the Federal Reserve might stand still on rates and after the U.S. Senate passed legislation lifting the government’s $31.4 trillion debt ceiling, avoiding a catastrophic default. MSCI’s broadest...
Oil Jumps 3% on US Debt Ceiling Progress, Opec+ in Focus
Date: June 1, 2023
Oil jumps 3% on US debt ceiling progress, OPEC+ in focus By Shariq Khan BENGALURU (Reuters) – Oil prices rose more than $2 a barrel on Thursday on hopes for a pause in U.S. interest rate hikes and passage of the debt ceiling bill in the House of Representatives helped offset data showing rising inventories...
SNB Defends Raising Rates, Says Not to Blame for Credit Suisse Failure
Date: June 1, 2023
(This May 31 story has been corrected to clarify that Jordan’s comment referred to another bank and not Credit Suisse, in paragraph 9) ZURICH (Reuters) – Swiss National Bank Chairman Thomas Jordan on Wednesday defended recent interest rate hikes to tackle inflation, saying they were neither damaging for Swiss financial stability nor responsible for the...
Major Central Banks Renew Rate Hike Push in May
Date: June 1, 2023
LONDON (Reuters) – The pace of interest rate hikes across major central banks showed little sign of slowing in May but the scale of the tightening tapered off, with growth woes and “sticky” inflation data prompting policymakers to tread more cautiously. All six of the central banks overseeing one of the 10 most heavily traded...
Dollar Rises as U.S. Debt Bill Passes House, Euro Slides Ahead of Inflation
Date: June 1, 2023
SINGAPORE/LONDON (Reuters) – The dollar rose on Thursday after a vote of approval from the U.S. House to suspend the debt ceiling, though the greenback drifted from a two-month high as investors trimmed bets the Federal Reserve will raise interest rates this month. The euro fell ahead of euro zone inflation data due at 0900...
European Stocks Hit Two-Month Low on Weak China Data, Log Monthly Drop
Date: May 31, 2023
European stocks hit two-month low on weak China data, log monthly drop By Sruthi Shankar and Ankika Biswas (Reuters) – European shares hit a two-month low on Wednesday as concerns about a global slowdown on China’s weak economic data and uncertainty around the U.S. debt ceiling outpaced optimism from signs of easing inflation in some...