monetary-policy
InvestingCommodity Stocks Lead European Shares Higher on China Covid Relief
Top StoriesECB Support Should Be Limitless if Fragmentation Unwarranted: Wunsch
Top StoriesECB to Drain Cash in Offset to New Yield-Capping Scheme -Sources
Top StoriesNext Czech Central Bank Chief Wants Strong Crown Based on Fundamentals
U.S. Dollar Slides as Markets Re-Evaluate Fed Rate Path
Date: June 24, 2022
By Sujata Rao and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The U.S. dollar slipped on Friday and was on track for its first weekly decline this month, as traders dialed down bets on where interest rates may peak and brought forward their views on the timing of interest rate cuts to counter a possible recession....
ECB’s Centeno Says No Yield Spread Goal in Anti-Fragmentation Tool
Date: June 24, 2022
By Sergio Goncalves LISBON (Reuters) – The new instrument being designed by the European Central Bank will show its determination to fight the risk of bond market fragmentation, but there will be no goal for specific yield spreads, governing council member Mario Centeno said on Friday. The ECB agreed at an emergency meeting last week...
Traders Scale Back Peak Interest Rate Bets as Recession Fears Grip
Date: June 24, 2022
By Yoruk Bahceli (Reuters) -Traders are slashing their bets on how far central banks will be able to lift interest rates this cycle, reflecting growing fears in financial markets of economic slowdown or even outright recession. Data on Thursday showed U.S. and euro zone business activity growth slowing much more than expected in June, sending...
Analysis: Swiss Policy Pivot Signals Exit for Big Stock and Bond Investor
Date: June 24, 2022
By Yoruk Bahceli, Saikat Chatterjee and Tommy Wilkes LONDON (Reuters) – From Silicon Valley shares to U.S. and European government bonds, securities that are already under heavy pressure stand to lose a major buyer as Switzerland ends its long-standing policy of recycling euros and dollars into foreign markets. The Swiss National Bank recently delivered a...
Traders Scale Back Peak Interest Rate Bets as Recession Fears Grip
Date: June 23, 2022
By Yoruk Bahceli (Reuters) – Traders are slashing their bets on how far central banks will be able to lift interest rates this cycle, reflecting growing fears in financial markets of economic slowdown or even outright recession. Data on Thursday showed U.S. and euro zone business activity growth slowing much more than expected in June,...
Euro Zone Bond Yields Fall After Business Activity Disappoints
Date: June 23, 2022
By Yoruk Bahceli (Reuters) – Euro zone bond yields fell on Thursday after data showed business activity in the bloc slowed more than expected in June and Germany triggered the alarm stage of its emergency gas plan, adding to concerns over global growth. S&P Global’s flash composite purchasing managers’ index dropped to 51.9 in June...