monetary-policy
TradingDollar Edges Back Towards One-Month Low
Top StoriesShares Steady and Yields Drop on Fed Minutes Relief
InvestingOil Stocks Lift European Shares as Growth Worries Persist
Top StoriesDollar Steady Near One-Month Low as Fed Minutes Contain Few Surprises
Marketmind: The R Word
Date: May 26, 2022
A look at the day ahead in markets from Sujata Rao Minutes from the Fed’s last meeting indicated the U.S. central bank is not yet contemplating bigger, 75 basis-point rate rises. That, alongside softer economic dataprints, is inducing money markets to keep dialling back their view of where the Fed funds rate may peak. The...
Global Mutual Funds Investors Could Sell $350 Billion Worth Equities This Year -Barclays
Date: May 25, 2022
(Reuters) – Barclays said on Wednesday global mutual funds investors could sell equities worth a further $350 billion this year, unless fears of recession diminish, due to an uncertain macro backdrop and monetary policy tightening. Investors have been selling equities in the wake of rising inflation, prompting economies to hike interest rates. Russia’s invasion of...
European Shares Bounce Back With Eyes on Cenbank Updates
Date: May 25, 2022
By Susan Mathew (Reuters) – European shares eked out gains on Wednesday, lifted by resource-linked stocks and banks, with investors watching for updates from central banks on monetary policy tightening amid rising concerns of an economic slowdown. The pan-European STOXX 600 index rose 0.4% by 0832 GMT, paring some early gains as heavyweight technology and...
Sterling Slides After Soft PMI Data
Date: May 24, 2022
By Samuel Indyk LONDON (Reuters) -Britain’s pound fell to its lowest level in over a week against the euro after data showed a sharp slowdown in business activity, adding to concerns that the UK could slip into recession later this year. S&P Global’s flash Composite Purchasing Managers’ Index (PMI), a monthly gauge of the services...
Stocks Slump as Snap Cracks Rally, Lagarde Lifts Euro
Date: May 24, 2022
By Lawrence White LONDON (Reuters) – Shares slid worldwide on Tuesday as fears about weak earnings and slowing growth punctured the recent mini-rally, while hawkish remarks from European Central Bank Chief Christine Lagarde reminded edgy markets that rate hikes loom. Nasdaq futures lost 2.06%, with traders blaming an earnings warning from Snap which saw shares...
European Shares Slide as Business Growth Data Deepens Slowdown Worries
Date: May 24, 2022
By Susan Mathew (Reuters) -European shares fell on Tuesday, tracking declines in global stock markets with business expansion data for May renewing investor concerns over slowing economic growth and monetary policy tightening. The pan-European STOXX 60 index slumped 0.8% by 0818 GMT, giving back a chunk of Monday’s 1.3% rally. Euro zone business growth slowed...