Dollar nears 3-mth low, shares climb after Fed tests the brakes

LONDON, Nov 24 (Reuters) – Shares hit a two-month high and the dollar swooped towards a three-month low on Thursday, after Federal Reserve signals of smaller interest rate rises from next month were followed by the message from Frankfurt that the ECB will plow on. With Wall Street shut for Thanksgiving, it was up to … Read more

Shares cautious, US yield curve deep in recession territory

https://tmsnrt.rs/2zpUAr4 Markets choppy after Fed warnings on rates US yield curve most inverted since 1981 Dollar runs into fresh selling, but off week’s lows SYDNEY, Nov 18 (Reuters) – Asian shares were in a cautious mood on Friday after US Federal Reserve officials fired more warning shots on interest rates, while rising coronavirus cases in … Read more

Asia shares mixed on Fed warning, China hopes

https://tmsnrt.rs/2zpUAr4 Fed’s Waller plays down CPI as just one number Beijing lays out property support, COVID steps Biden to meet Xi at G20 meeting SYDNEY, Nov 14 (Reuters) – Asian share markets were mixed on Monday as a top US central banker warned investors against getting carried away over one inflation number, while Chinese stocks … Read more

Nearly half of Meta job cuts were in tech, reorg underway – execs say

OAKLAND, Calif., Nov 11 (Reuters) – Facebook owner Meta Platforms (META.O) told employees on Friday that it would stop developing smart displays and smartwatches and that nearly half of the 11,000 jobs it eliminated this week in an unprecedented cost- cutting move were technology roles. Speaking during an employee townhall meeting heard by Reuters, Meta … Read more

Morning Bid: Congress unswept, crypto a mess

A look at the day ahead in US and global markets from Mike Dolan. Running market assumptions of a Republican clean sweep of US Congress in Tuesday’s midterm elections appear wide of the mark so far from early results, leaving investors to ponder the implication for the 2024 race for the White House on top … Read more

European stocks hit six-week high on hopes for rate hike slowdown

LONDON, Nov 1 (Reuters) – European stocks rose on Tuesday and the positive market sentiment was set to continue on Wall Street, supported by speculation among investors that central banks could come to the end of their rate-hiking cycles. Following mild losses on Wall Street on Monday, Asian shares strengthened on Tuesday and European shares … Read more

Weak dollar, big US crude exports buoy oil markets

Dollar says, boosting commodities US exports surge to a record – EIA Surge in US exports due to the widened WTI-Brent spread NEW YORK, Oct 26 (Reuters) – Oil prices surged nearly 3% on Wednesday, bolstered by record US crude exports and as the nation’s refiners operated at higher-than-usual levels for this time of year. … Read more

Dollar absorbs suspected yen intervention, China data mixed

https://tmsnrt.rs/2zpUAr4 Dollar buffeted vs yen by suspected BOJ intervention Share early gains as China markets ease China GDP beats forecasts but retail sales disappoint Stg flat as Boris Johnson bows out of PM race SYDNEY, Oct 24 (Reuters) – The US dollar weathered another suspected blast of Japanese intervention to push higher on the yen … Read more

Oil rises on China possibly easing COVID curbs

China mulls cutting quarantine time for visitors – report Looming EU ban on Russian oil, OPEC+ cuts supportive US oil reserve sales plan fails to dampen prices NEW YORK, Oct 20 (Reuters) – Oil prices rose by more than 1% on Thursday on news China is considering easing COVID-19 quarantine measures for visitors, boosting hopes … Read more

Biden to announce emergency oil sales to prevent price spikes

WASHINGTON, Oct 18 (Reuters) – US President Joe Biden will announce a plan on Wednesday to sell off the last portion of his release from the nation’s emergency oil reserve by year’s end and detail a strategy to refill the stockpile when prices drop, administration officials said. The plan is intended to add enough supply … Read more