Stock markets on edge over Delta variant, Fed policy

LONDON (Reuters) – Global shares inched back from record highs on Tuesday, with concerns about new coronavirus outbreaks in Asia undercutting an economic recovery, while investors remained on edge over the United States’ exit from accommodative policy.A man wearing a face mask is seen inside the Shanghai Stock Exchange building, as the country is hit… Continue reading Stock markets on edge over Delta variant, Fed policy

Asian shares tread water, markets eye U.S. inflation signals

SYDNEY (Reuters) – Asian shares marked time on Thursday, with China nudging lower, while the U.S. dollar held below an 11-week high as investors reassessed U.S. Federal Reserve statements on inflation and looked to upcoming data for direction.FILE PHOTO: A currency dealer works in front of electronic boards showing the Korea Composite Stock Price Index… Continue reading Asian shares tread water, markets eye U.S. inflation signals

Oil settles slightly lower as OPEC+ discusses raising production

NEW YORK (Reuters) -Crude oil prices settled slightly lower on Tuesday after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. Picture taken February 11, 2019. REUTERS/Nick Oxford/File PhotoBrent crude futures settled down… Continue reading Oil settles slightly lower as OPEC+ discusses raising production

Interest rate rise could be on the way as inflation soars

When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. They warn it could see the Bank of… Continue reading Interest rate rise could be on the way as inflation soars

Interest rate rise could be on the way as inflation soars

When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. They warn it could see the Bank of… Continue reading Interest rate rise could be on the way as inflation soars

The Fed Meets as Economic Data Offers Surprises and Mixed Signals

Investors will scour the Federal Reserve’s policy statement and economic projections Wednesday for any hint that recent data surprises — including faster-than-expected inflation and slower job growth — have shaken up the central bank’s plans for its cheap-money policies. Economic policymakers are unlikely to make major changes at a time when interest rates are expected… Continue reading The Fed Meets as Economic Data Offers Surprises and Mixed Signals

Asian shares mixed, dollar strong as investors eye Fed meeting

HONG KONG (Reuters) – Asian shares had a mixed day on Tuesday and the dollar sat near multi-week highs ahead of a much-anticipated Federal Reserve policy meeting, which investors are watching for hints of any change to the U.S. monetary policy outlook.FILE PHOTO: A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak,… Continue reading Asian shares mixed, dollar strong as investors eye Fed meeting

Asian shares rise in early trade, investors eye Fed meeting

HONG KONG (Reuters) – Asian shares rose early on Tuesday, tracking Wall Street higher, though investors looked to a much-anticipated Federal Reserve policy meeting to see if the central bank would signal any change to the U.S. monetary policy outlook.FILE PHOTO: A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, stands in… Continue reading Asian shares rise in early trade, investors eye Fed meeting

Erdogan's summit with Biden clouded by bitter disputes

ANKARA (Reuters) – No stranger to rocky relations with Washington, President Tayyip Erdogan holds his first meeting with President Joe Biden next week overshadowed by bitter disputes and by the new U.S. president’s cool tone towards Turkey.FILE PHOTO: U.S. Vice President Joe Biden (L) attends a bilateral meeting with Turkish President Tayyip Erdogan in Washington… Continue reading Erdogan's summit with Biden clouded by bitter disputes

FX volatility falls to pre-pandemic lows as traders wait it out

LONDON (Reuters) -Currency market volatility on Tuesday fell to its lowest since before the COVID-19 pandemic roiled markets in March 2020, as investors sat on the sidelines waiting for clearer signals on the inflation trajectory and how central banks will respond.FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at… Continue reading FX volatility falls to pre-pandemic lows as traders wait it out

Dollar dips as Treasury yields subdued

NEW YORK (Reuters) – The dollar edged lower on Monday as Treasury yields were moribund and investors looked ahead to European and U.S. central bank meetings.FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File PhotoFriday’s U.S. jobs data had… Continue reading Dollar dips as Treasury yields subdued

World stocks end lower amid strong U.S. data and concerns about inflation

WASHINGTON (Reuters) -Global equities markets lagged on Thursday after stepping back from near-record levels earlier in the week, as investors studied strong U.S. data reports for economic recovery and inflation signals.FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London, Britain August 15, 2017. REUTERS/Neil HallU.S. stocks wavered during the session and ended… Continue reading World stocks end lower amid strong U.S. data and concerns about inflation

UAE non-oil private sector recovery continues but pace softens slightly – PMI

DUBAI (Reuters) – The United Arab Emirates’ non-oil private sector expanded for a sixth consecutive month in May, though it did so at a place slightly lower than in April and employment shrank for the fourth straight month, a survey showed on Thursday.FILE PHOTO: A general view of Business Bay area, after a curfew was… Continue reading UAE non-oil private sector recovery continues but pace softens slightly – PMI

Dollar on tenterhooks as payrolls test looms

SINGAPORE (Reuters) – The U.S. dollar was wavering above major support levels on Thursday, as traders awaited a batch of U.S. economic data that could set the tone at central bank meetings later this month.FILE PHOTO: A picture illustration shows U.S. 100-dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File PhotoInvestors have bet… Continue reading Dollar on tenterhooks as payrolls test looms

Lebanon's central bank to ask state council to review decision on bank withdrawals

FILE PHOTO: The Banque du Liban, the central bank of Lebanon, is seen as protests against the government continue in Beirut, Lebanon January 14, 2020. REUTERS/Mohamed AzakirBEIRUT (Reuters) -Lebanon’s central bank said late on Wednesday it would ask the state consultative council to review that body’s decision to stop letting depositors withdraw funds from dollar… Continue reading Lebanon's central bank to ask state council to review decision on bank withdrawals

Asian stocks hit month high, gold gains ahead of U.S. jobs data

SINGAPORE (Reuters) -Asian equity markets hit a one-month peak on Tuesday, buoyed by the global stock rally, while gold flirted with five-month highs ahead of European and U.S. data this week that will likely offer clues on the health of the world economy.FILE PHOTO: People wearing protective face masks, following an outbreak of the coronavirus,… Continue reading Asian stocks hit month high, gold gains ahead of U.S. jobs data

Dollar in doldrums as traders ponder Fed policy path; sterling soars

TOKYO/SINGAPORE (Reuters) – Sterling hit a three-year high and the dollar traded under pressure on Tuesday, as investors waited for the next batch of U.S. and European data to shape the outlook on interest rates.FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November… Continue reading Dollar in doldrums as traders ponder Fed policy path; sterling soars

Turkish lira hits record low in latest mark of vulnerability

ISTANBUL (Reuters) -Turkey’s lira hit a record low on Friday as concerns over global inflation, an early election and a possible ratings downgrade marked the latest milestone in a years-long depreciation that has dogged the big emerging market economy.FILE PHOTO: Turkish lira banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/IllustrationThe currency… Continue reading Turkish lira hits record low in latest mark of vulnerability

Dollar edges up ahead of inflation data; yuan hits new three-year high

LONDON (Reuters) – The dollar strengthened on Friday and was on track for a weekly gain as investors waited for U.S. inflation data to set the currency’s direction.FILE PHOTO: Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/IllustrationThe U.S. dollar… Continue reading Dollar edges up ahead of inflation data; yuan hits new three-year high

Fed balm lifts shares to record high amid tussle over yuan

LONDON (Reuters) – European shares rose to record highs on Tuesday, soothed by reassurance from Federal Reserve officials that monetary stimulus won’t be clawed back anytime soon.FILE PHOTO: Passersby wearing protective face masks are reflected on a stock quotation board outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan November 10, 2020.… Continue reading Fed balm lifts shares to record high amid tussle over yuan

Wall St gains 1% as tech shares rally, Treasury yields fall

NEW YORK (Reuters) – Stock indexes around the globe rose on Thursday, with the S&P 500 climbing more than 1% led by sharp gains in technology shares, while U.S. Treasury yields fell after a weaker-than-expected U.S. business activity reading.FILE PHOTO: A man wearing a facial mask, following the coronavirus disease (COVID-19) outbreak, stands in front… Continue reading Wall St gains 1% as tech shares rally, Treasury yields fall

Stocks extend losses following Fed minutes; yields rise

NEW YORK (Reuters) – Stock indexes globally added to declines in choppy trading on Wednesday following the release of minutes from the latest U.S. Federal Reserve meeting, while the 10-year U.S. Treasury yield rose to a session high and the U.S. dollar index gained.FILE PHOTO: A man wearing a facial mask, following the coronavirus disease… Continue reading Stocks extend losses following Fed minutes; yields rise

Dollar left wounded, Fed minutes and inflation in focus

TOKYO (Reuters) – The U.S. dollar teetered near a six-year low against its Canadian counterpart and nursed losses against European currencies as expectations that U.S. interest rates will remain low undermined the greenback.FILE PHOTO: A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/IllustrationThe minutes from the U.S. Federal Reserve’s… Continue reading Dollar left wounded, Fed minutes and inflation in focus

U.S. stocks surge in recovery; dollar, bond yields dip

NEW YORK (Reuters) -U.S. stocks rallied in a sharp rebound on Friday as investors set aside inflation worries and bought shares hammered by the week’s volatility, with the shift back into riskier assets dragging on the dollar.FILE PHOTO: A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India,… Continue reading U.S. stocks surge in recovery; dollar, bond yields dip