FRANKFURT (Reuters) – European Central Bank policymakers are open to a change in their rhetoric at their next meeting, paving the way for an interest rate cut possibly in June, if upcoming data confirms inflation has been vanquished, four sources told Reuters. The ECB kept interest rates unchanged at a record-high 4% on Thursday and …
ECB open to March pivot, possible June cut if data allow -sources Read More »
A look at the day ahead in European and global markets from Tom Westbrook Chinese markets caught a foothold overnight, with a cut in bank reserve requirements and vague promises of more support ahead enough to staunch selling, for now. The blue chip CSI300 rose more than 1%, cutting losses for the year to roughly …
Marketmind: China markets exhale after bank reserves cut Read More »
By Fergal Smith TORONTO (Reuters) -The Bank of Canada’s unwinding of a pandemic-era stimulus policy could end sooner than expected after a shortage of cash in the financial system forced the central bank to use a key liquidity operation for the first time in four years. CORRA, the rate at which banks lend funds to …
By Patricia Zengerle WASHINGTON (Reuters) -A U.S. Senate committee approved legislation on Wednesday that would help set the stage for the United States to confiscate Russian assets and hand them over to Ukraine for rebuilding after the destruction of the nearly two-year-long war. The Senate Foreign Relations Committee voted 20 to 1 in favor of …
US Senate panel backs ‘big hammer’ plan to seize Russian assets to help Ukraine Read More »
(Reuters) – Shares of Morgan Stanley Direct Lending Fund (MSDL) dipped 1% in their market debut on Wednesday, as investor appetite for new issues continues to remain muted. The fund chiefly invests in riskier bonds, like those issued by middle-market companies or by private equity firms looking to finance their acquisitions. Such bonds typically fetch …
Morgan Stanley Direct Lending Fund’s shares tick down in market debut Read More »
By Shristi Achar A and Shubham Batra (Reuters) -European shares rose over 1% on Wednesday, boosted by technology stocks after software company SAP and chip-making equipment maker ASML Holding posted strong earnings, while fresh stimulus from China’s central bank further aided sentiment. The pan-European STOXX 600 index was up 1.2%, hitting a one-week high. Shares …
European shares jump on upbeat tech earnings, China cenbank aid Read More »
By Steve Scherer and Promit Mukherjee OTTAWA (Reuters) -The Bank of Canada (BoC) held its key overnight rate at 5% on Wednesday and said that while underlying inflation was still a concern, the bank’s focus is shifting to when to cut borrowing costs rather than whether to hike again. The BoC governing council has held …
Bank of Canada holds rates, says policy talks shift toward when to cut Read More »
By Md Manzer Hussain (Reuters) – Stock markets in the Gulf were up on Wednesday in early trade amid rising oil prices and robust corporate earnings, with the Dubai index outperforming its peers. Oil prices, a catalyst for the Gulf’s financial markets, rose slightly after a modest fall earlier in the session as traders weighed …
BERLIN (Reuters) -Germany’s Ifo institute again downgraded its 2024 economic growth forecast on Wednesday, citing uncertainty caused by changes to the federal budget necessitated by a court ruling. The institute now expects Europe’s largest economy to grow by 0.7% this year instead of 0.9% previously forecast in mid-December. In September, it had expected growth of …
Germany’s Ifo institute trims 2024 GDP forecast again due to budget Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -If foreign investors en masse are gorging on U.S. Treasuries, central banks may be beginning to lose their appetite. Official U.S. flows data show that overseas private sector investors – banks, asset managers, insurance funds, pension funds, retail investors – are loading up on Treasuries while the official sector’s …
Foreign central banks think twice on U.S. Treasuries: McGeever Read More »
