By Karin Strohecker and Sumanta Sen LONDON (Reuters) – The European Central Bank and the Bank of Canada in June joined the ranks of big central banks easing policy, while emerging markets ploughed ahead in their quest to lower interest rates. Three of the nine central banks overseeing the 10 most heavily traded currencies that …
ECB, Canada join G10 central bank easing push in June Read More »
By David Randall NEW YORK (Reuters) -A series of upcoming economic reports and Congressional testimony from Federal Reserve Chairman Jerome Powell could jolt U.S. government bonds out of a narrow trading range. Yields on benchmark U.S. 10-year Treasuries, which move inversely to bond prices, have bounced between about 4.20% and 4.35% since mid-June, as the …
Jobs, inflation data may break the US Treasury market out of narrow range Read More »
DUBAI (Reuters) – Net foreign direct investment (FDI) inflows to Saudi Arabia rose 5.6% to 9.5 billion riyals ($2.53 billion) in the first quarter of 2024, government data showed on Sunday. Inflows were up 0.6% to 17 billion riyals in the first three months compared with a year earlier, while outflows fell by 5.1% to …
Saudi Arabia’s net foreign direct investment rises 5.6% in first quarter Read More »
By Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s President Javier Milei will turn his attention to monetary policy reform after scoring his first major legislative win in Congress, the libertarian leader said on Friday. Milei, in an interview with local broadcaster LN+, said the passing of his sprawling economic reform package in the early hours of …
Argentina’s Milei targets monetary policy shift after reform bill win Read More »
By Chris Prentice and Pete Schroeder WASHINGTON (Reuters) – The Supreme Court’s move to curb federal agency powers could curtail efforts by the U.S. Securities and Exchange Commission to establish new rules to police Wall Street and invite more litigation, legal experts said in the wake of Friday’s landmark ruling. The court overturned a 1984 …
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) – Colombia’s central bank cut the benchmark interest rate by 50 basis points to 11.25% on Friday, its fifth cut since December, as policymakers looked to boost the economy while keeping a tight grip on inflation. The decision was backed by a majority of the board and …
Colombia central bank cuts benchmark interest rate to 11.25% Read More »
LISBON/BRASILIA (Reuters) -Brazilian central bank chief Roberto Campos Neto said on Friday that investors’ lack of confidence in the government’s ability to improve public accounts impacts long-term interest rates and inflation expectations, and that market prices are important because they indicate where the problem lies. Campos Neto made his comments amid a new round of …
NEW YORK (Reuters) – The quarter end saw substantial inflows into the Federal Reserve Bank of New York’s reverse repo facility on Friday. The bank reported inflows into a tool designed to set a floor underneath short-term interest rates stood at $664.6 billion, the highest level since $680 billion seen on Jan. 10. Quarter end …
New York Fed says reverse repo inflows hit highest level since start of year Read More »
By Nicolás Misculin BUENOS AIRES (Reuters) – Argentina’s Congress early on Friday approved economic reform measures proposed by President Javier Milei, giving him his first big legislative win just over six months after taking office. The final discussions regarding Milei’s primary reform bill and its fiscal counterpart began on Thursday in the lower Chamber of …
Argentina passes economic reform bill in Milei’s first big legislative win Read More »
By Yoruk Bahceli and Samuel Indyk (Reuters) – French President Emmanuel Macron’s shock decision to call a snap election, which polls suggest the far right could win, has rocked financial markets, exacerbating fiscal sustainability concerns in the euro zone’s second-largest economy. Markets have stabilised since the June 9 announcement but are far from recovering. Polls …
France’s snap election: Five questions for markets Read More »
