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

Investors batten down ahead of Fed minutes, Eurozone recession fears growing

Fed minutes awaited US Thanksgiving public holiday on Thursday Stock eke out slim gains globally Euro zone economic data points to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global shares were little changed on Wednesday as investors kept their eyes peeled for the minutes of a Federal Reserve meeting that … Read more

ECB begins great cash mop-up as banks repay 296 bln euros of loans

Repayment much lower than expected Key money-market rate falls after announcement Move seen as first step towards bond unwind FRANKFURT, Nov 18 (Reuters) – Euro zone banks are set to repay nearly 300 billion euros ($310 billion) in loans to the European Central Bank next week, the ECB said on Friday, the biggest cash withdrawal … 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

Fed’s Barr: Concerned about blowback to financial system from crypto

Nov 15 (Reuters) – Michael Barr, the Federal Reserve’s top financial regulatory official, said on Tuesday he is concerned about risks from the non-bank sector, including cryptocurrencies, for which the US central bank and other regulators have poor visibility. “We’re concerned about the risks that we don’t know about in the non-bank sector,” Barr said … 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

Asian shares fall ahead of US CPI, crypto worries mount

https://tmsnrt.rs/2zpUAr4 Dollar stays firm, crypto stokes spillover fears European markets set to open lower China mainland, Hong Kong shares battered by COVID case surge Focus on US inflation for signs of slowdown in Fed rate hike SYDNEY, Nov 10 (Reuters) – Asian share markets pulled back on Thursday and the dollar held its overnight gains … 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

Bank of England raises rates by most since 1989 even as long recession looms

Central bank raises Bank Rate to 3% from 2.25% BoE tells investors their rate hike bets look too big Sterling falls nearly 2% against US dollar New forecasts show recession lasting into 2024 Government due to set out fiscal plans on Nov. 17 LONDON, Nov 3 (Reuters) – The Bank of England raised interest rates … 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