By Mike Dolan LONDON (Reuters) – Next week’s Federal Reserve meeting has lost the heat it once had as a likely moment for the central bank’s first interest rate cut – but it could shine a big light on where the Fed thinks the economy is at over the long run. Conditioned by verbal pushback …
Column-Fed’s new neutral may be one FOMC takeaway: Mike Dolan Read More »
A look at the day ahead in European and global markets from Kevin Buckland European traders may do well to brace themselves for a sell-off on Friday, with equity markets sinking around Asia as investors adjust to the prospect of later and fewer Fed rate cuts this year. Declines in markets like Hong Kong and …
Morning Bid: Rethink on Fed cuts creates tech wobble Read More »
By Leika Kihara TOKYO (Reuters) – Prospects of strong wage hikes this year have heightened the chances the Bank of Japan will phase out its massive monetary stimulus in what would be a landmark shift away from its decade-long stimulus programme. Below are the key tools that make up the central bank’s complex stimulus framework, …
Factbox-What would the BOJ’s stimulus exit look like? Read More »
By Marco Aquino LIMA (Reuters) -Peru’s Congress has knocked down legislation that threatened to shut down thousands of small-scale mine operations, a move that comes after days of fierce protests from artisanal miners in the major gold producer and global No. 2 copper producing nation. In a plenary session on Wednesday night, the legislature annulled …
Peru Congress repeals measure fought by small-scale gold miners Read More »
BUENOS AIRES (Reuters) – Argentina’s Senate on Thursday began a crunch debate on President Javier Milei’s sprawling “mega decree” of economic reforms, a major test of the libertarian leader’s ability to win over support in a fragmented Congress. Milei, an outsider economist whose party has a minority in Congress, took office in December and used …
Argentina economic “mega decree” faces Senate debate in test for Milei Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales rebounded less than expected in February, suggesting a slowdown in consumer spending in the first quarter amid rising inflation and high borrowing costs. The signs of slowing economic activity are, however, unlikely to spur the Federal Reserve to start cutting interest rates before June as other …
US economy cooling in first quarter; inflation appears sticky Read More »
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s largest industrial union said on Thursday the average pay rise offered by 231 firms for both full-time and part-time employees was the biggest since 2013, amid signs wage hikes were broadening. The announcement comes a day after Japan’s big manufacturers, led by bellwether Toyota Motor and including Panasonic, Nippon …
Japanese firms offer biggest pay rise since 2013, largest industrial union says Read More »
(Reuters) – China’s central bank is expected to leave a key policy rate unchanged when it rolls over maturing medium-term loans on Friday, a Reuters survey showed, amid uncertainty over the timing of expected Federal Reserve interest rate cuts. Market watchers widely believe Beijing will continue to prioritise the stability of the yuan, despite widespread …
By Junko Fujita and Tom Westbrook TOKYO/SINGAPORE (Reuters) – Speculators betting on a historic monetary policy shift in Japan expect money markets will be upended by potential new deposit rules and are crowding into bets against short-dated bonds. Yields on one-year Japanese treasury bills, which went sideways through 2023, are up a relatively sharp eight …
Japan’s money markets gird for end of negative rates Read More »
A look at the day ahead in European and global markets from Rae Wee Closely watched U.S. inflation data this week aroused little excitement in the market, but investors will have another chance to be inspired if Thursday’s producer prices and retail sales numbers offer fresh hints on the direction of Fed rate policy. Expectations …
Morning Bid: Investors look to next round of US data Read More »
