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HELSINKI (Reuters) – The prospects for an interest rate cut in June by the European Central Bank assumes that there will be no further setbacks in the geopolitical situation that affect energy prices and thus inflation, ECB policymaker Olli Rehn said on Tuesday. The ECB opened the door to a June rate cut last week, …

ECB rate cut in June assumes no inflation setbacks, Finland’s Rehn says Read More »

By Tom Sims FRANKFURT (Reuters) -European Banks are calling on the European Union to designate them a critically important “strategic” sector, warning that their competitiveness and the bloc’s future are at stake, according to a report published on Tuesday. The pitch by the European Banking Federation (EBF) leads a list of 45 policy recommendations that …

European banks want EU to designate them a ‘strategic’ sector Read More »

WELLINGTON (Reuters) – New Zealand house prices fell in March as listings and stock levels stayed significantly higher than a year earlier, the Real Estate Institute of New Zealand (REINZ) said on Tuesday. Seasonally adjusted median house prices fell 1.8% from February, but were up 2.8% from a year earlier, REINZ data showed. Seasonally adjusted …

New Zealand house prices fall slightly due to higher stock levels, REINZ says Read More »

By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will meet with finance ministers from U.S. allies this week to discuss a number of key issues, including shoring up supply chains, strengthening financial system stability and supporting Ukraine, a senior U.S. Treasury official said on Monday. Yellen’s meetings on the sidelines of the …

Yellen to meet US allies during IMF, World Bank meetings, press China on growth Read More »

VILNIUS (Reuters) – The European Central Bank could cut interest rates more than three times this year and the reductions should not be held back if the U.S. Federal Reserve delays its own cuts, Lithuanian policymaker Gediminas Simkus said on Monday. Simkus, making some of the most dovish comments since the ECB’s policy meeting on …

ECB could cut rates more than three times in this year: Simkus Read More »

LONDON (Reuters) -U.S. inflation numbers lit a fuse under world markets and forced a sharp re-think on U.S rate cut bets, so data and earnings should keep traders nervy as they stay alert to possible Japanese intervention on the yen and geopolitical tensions. British data and China’s latest numbers are also in focus, as India …

Take Five: Consumers, votes and earnings Read More »

By Howard Schneider WASHINGTON (Reuters) – U.S. economic growth that keeps motoring above its potential is emerging as a key prop for an ongoing global expansion, but spillovers from persistently high inflation and tight monetary policy in the world’s largest economy could pose new risks to a hoped-for “soft landing” around the world. As global …

US growth may be a global boon, but inflation could derail the train Read More »

By Saqib Iqbal Ahmed and Laura Matthews (Reuters) – A rally in the U.S. dollar is accelerating, as stubborn inflation sows doubts over how aggressively the Federal Reserve will be able to cut rates this year compared to other central banks. The U.S. dollar index, which measures the greenback against a basket of six major …

Analysis-Dollar’s rally supercharged by diverging US rate outlook Read More »

A look at the day ahead in European and global markets from Rae Wee European shares look set to track Asia’s negative lead on Monday after a weekend dominated by news of escalating tensions in the Middle East and fears of a wider regional conflict. The flight to safety began with talk last week of …

Morning Bid: Nervy markets await Israel’s response, Fed outlook Read More »