monetary-policy
Top StoriesECB’s Visco Says Rate Hikes Must Be Gradual
Top StoriesEuro’s Losses Deepen After Inflation Data
Top StoriesEuro Zone Inflation Hits New Record, Adding to Case for Big ECB Rate Hikes
InvestingWorld Stocks Turn Positive in May on Fed Bets
Stocks Rise, Dollar Struggles on Fed Bets
Date: May 30, 2022
By Wayne Cole and Danilo Masoni SYDNEY/MILAN (Reuters) – World shares rose on Monday and the dollar was pinned near five-week lows on hopes of an eventual slowdown in U.S. monetary tightening following sharp interest rate hikes in June and July. Helping to mellow the mood was news that Shanghai authorities would cancel many restrictions...
Dollar Drifts up but Set for Biggest Weekly Drop in 4 Months
Date: May 27, 2022
By Saikat Chatterjee LONDON (Reuters) – The dollar edged higher on Friday but was on track for its biggest weekly drop in nearly four months as traders lowered Federal Reserve rate hike expectations amid signs the U.S. central bank might slow or even pause its tightening cycle in the second half of the year. A...
Wary About Economic Growth, Hungary Central Bank Seen Slowing Rate Hikes- Reuters Poll
Date: May 27, 2022
By Krisztina Than BUDAPEST (Reuters) – The National Bank of Hungary (NBH) is likely to slow the pace of its rate hikes next week, raising its base rate by 60 basis points to 6.0% even as inflation is expected to accelerate to double-digits in the coming months. The bank’s deputy governor, Barnabas Virag, on Tuesday...
Sterling Heads for Second Weekly Gain After UK Household Support Plan
Date: May 27, 2022
LONDON (Reuters) – Britain’s pound looked set for a second weekly rise and was close to a one-month high on Friday, helped by a large government spending package to support households and which economists said should support the economy in the short term. The government on Thursday announced a 25% windfall tax on oil and...
European Shares Rise for Third Day as Aggressive Rate Hike Bets Ease
Date: May 27, 2022
By Susan Mathew (Reuters) -European shares extended gains for a third straight session on Friday and were set for their biggest weekly jump in more than two months, as easing bets about aggressive interest rate hikes by central banks lifted sentiment. The pan-European STOXX 600 index rose 0.7% by 0827 GMT, tracking an overnight Wall...
Retailers Lift European Stocks but Growth Worries Persist
Date: May 26, 2022
By Susan Mathew (Reuters) -European markets rose on Thursday with the retail sector leading the charge as Britain revealed new stimulus plans, while the U.S. Federal Reserve sticking to its monetary policy tightening script also bolstered risk appetite. The pan-European STOXX 600 index closed higher for a second straight session, up 0.8%. Gains were largely...