By Mike Dolan LONDON (Reuters) – Everyone’s guilty of it – but an obsessive guessing game over precise dates for the first central bank interest rate cuts this year seems increasingly pointless to many investors. On the horizon of a two-year bond or longer, the exact timing of the first cut matters less than the …
Column-Dating first rate cuts a ‘red herring’ for bonds: Mike Dolan Read More »
By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) -Traders eager for central banks to declare the start of interest rate cuts were dealt a further blow on Thursday as the Bank of England joined the U.S. Federal Reserve in dousing hopes of imminent monetary easing. The BoE held rates at 16-year highs and said it …
Markets stumble into rate-cut waiting room as central banks stand firm Read More »
A look at the day ahead in European and global markets from Tom Westbrook Meta paid a dividend and Amazon’s $170 billion in quarterly sales beat expectations. Cue cheering that added a combined $280 billion in market value to the two companies’ shares. Nasdaq 100 futures were up 1% in Asia to provide a positive …
Marketmind: Markets bask in afterglow of tech outperformers Read More »
By Satoshi Sugiyama TOKYO (Reuters) – Japan’s economy likely swung back to growth in the October-December period, helped by a slight pickup in external demand, though analysts warned private consumption remains fragile, a Reuters poll showed on Friday. The expected return to expansion, albeit modest, would come at a time when the Bank of Japan …
Japan economy likely returned to growth in Q4, but remains fragile – Reuters poll Read More »
By Michael S. Derby NEW YORK (Reuters) – Changes made last week to a Federal Reserve lifeline for banks shouldn’t impair the facility’s ability to provide liquidity to banks that still genuinely need the cash, market analysts believe. That’s because the facility, known as the Bank Term Funding Program, or BTFP, still offers fairly easy …
Fed bank lending facility still key liquidity source despite rate change Read More »
By Rodrigo Campos and Jorgelina do Rosario NEW YORK/LONDON (Reuters) -The International Monetary Fund said Argentina is committed to accumulating international reserves and stemming a central bank financing of government debt under the latest review of its $44 billion loan program, as the global lender backed a set of reforms proposed by President Javier Milei’s …
IMF backs Milei’s reforms, says risks to Argentina’s $44 billion loan program remain Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) – The first proper U.S. financial market tremors of 2024 have been felt and unsurprisingly, perhaps, commercial real estate is at the heart of the dislocation. Unsurprising, at least, to the thousands who descended on Miami this week for the investor conferences and meetings collectively termed “Hedge Fund Week,” …
Column-Bracing for the commercial real estate ‘reckoning’: McGeever Read More »
By Steve Scherer and Promit Mukherjee OTTAWA (Reuters) -Bank of Canada (BoC) Governor Tiff Macklem on Thursday said Prime Minister Justin Trudeau should avoid major spending increases in his next federal budget so they do not hinder the central bank’s efforts to bring down stubborn inflation. “If there are large spending increases … that could …
Bank of Canada says federal budget could hinder inflation fight Read More »
By Pesha Magid RIYADH (Reuters) – Saudi Arabia has begun using data gathered directly from company and investor financial statements to calculate foreign direct investment (FDI) as part of a push to modernize and centralize the kingdom’s economic data, a Saudi official told Reuters. Attracting FDI is a pillar of a vast plan by the …
Saudi FDI data overhaul to use financial statements not estimates Read More »
By Valentina Za and Giuseppe Fonte MILAN (Reuters) – With the European Central Bank trimming purchases of euro zone government bonds, Italy is keen that its citizens, especially wealthy ones, help it refinance the world’s fourth-largest public debt pile as a share of output. More domestic ownership of Rome’s debt, whose sustainability is seen as …
Analysis-Italy’s hunt for savers’ cash leaves smaller firms high and dry Read More »
