A look at the day ahead in European and global markets from Rae Wee The light economic data calendar in Europe on Thursday means the focus stays on rates, with European Central Bank President Christine Lagarde the latest to pour cold water on bets for rate cuts until policymakers can be sure inflation is in …
By Leika Kihara TOKYO (Reuters) – The Bank of Japan is likely to maintain its ultra-loose monetary settings next week, putting the focus on any hints Governor Kazuo Ueda drops about when the central bank will boost short-term interest rates out of negative territory. As many policymakers want to spend a few more months determining …
BOJ seen keeping policy ultra-easy, focus on rate-hike hints Read More »
By Satoshi Sugiyama TOKYO (Reuters) – Any prospects the Bank of Japan (BOJ) will end its negative interest rate policy this month have been extinguished, economists said unanimously in a Reuters poll, citing the central bank chief’s recent dovish comments. That reflects the growing market view that a departure from the country’s ultra-loose monetary settings, …
BOJ governor remarks douse chances of policy tweak in Jan -economists: Reuters poll Read More »
HANOI (Reuters) – Vietnam’s legislature on Thursday approved new rules that lower the maximum stake investors can hold in domestic banks, a move aimed at reducing risks of market manipulation, but that could make investment in lenders less attractive. Under the reform, which will take effect from July this year, institutional shareholders, such as investment …
Vietnam tightens limits on investors’ stakes in banks Read More »
By Lindsay Dunsmuir (Reuters) -U.S. economic activity saw little or no change from December through early January, while firms reported pricing pressures were mixed and nearly all cited signs of a cooling labor market, underscoring the tightrope the Federal Reserve continues to walk as it tries to reduce inflation while keeping growth and employment humming …
US economic activity little changed in recent weeks, Fed survey shows Read More »
WELLINGTON (Reuters) – New Zealand house prices were unchanged in December, but more broadly activity is improving with sales increasing and houses selling more quickly, the Real Estate Institute of New Zealand (REINZ) said on Thursday. While seasonally adjusted median house prices were unchanged on November figures, they were down 0.7% from a year earlier, …
New Zealand house prices unchanged, activity improving -REINZ Read More »
By Megan Davies DAVOS, Switzerland (Reuters) – Goldman Sachs CEO David Solomon expects the U.S. economy to avoid a big slowdown this year, but warned that inflation could remain more stubborn than expected and weigh on growth. “It’s been more constructive than we would have expected,” Solomon told Reuters in an interview on Wednesday. “I …
Goldman Sachs CEO says US economy looks constructive but cautions on inflation Read More »
By Stefania Spezzati and Megan Davies DAVOS (Reuters) – Bank CEOs meeting in private at the World Economic Forum on Wednesday aired concerns about the competitive risks from fintech firms and private lenders, and complained about onerous regulations, a source familiar with the matter said. At the meeting in Davos, attended by dozens of CEOs …
Bank CEOs, huddled in private in Davos, worry about competition, economy – sources Read More »
By David Lawder WASHINGTON (Reuters) -The U.S. Treasury Secretary Janet Yellen said on Wednesday the economy’s strong performance is evidence that the $1.9 trillion American Rescue Plan Act was the right approach in 2021 to avoid a slow and painful recovery from the COVID-19 pandemic. Yellen said in remarks to the U.S. Conference of Mayors …
Yellen says US economic performance ‘vindicates’ pandemic-era spending Read More »
By Mike Dolan LONDON (Reuters) – If the first cut is the deepest, timing will be everything. For all the rhetorical pushback from officials, markets are doggedly clinging to March as the month of the Federal Reserve’s first interest rate cut in four years – following two years of historically brutal credit tightening. Even though …
Column-Markets won’t give up on March Fed cut: Mike Dolan Read More »
