By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank faces a difficult balancing act on Thursday as it likely slashes its forecasts for growth and inflation while trying to temper speculation about imminent interest rate cuts. The ECB is certain to leave borrowing costs at record highs, with the only possible policy …
ECB has tough job to fight rate cut bets as inflation falls Read More »
RIYADH (Reuters) – Saudi Arabia’s annual inflation rate rose to 1.7% in November from 1.6% the previous month, government data showed on Thursday, with rising housing rents the main driver once again. Rents increased by 9.4% in November as prices for apartments rose by 12.8%. The higher rents drove an increase in the pricing of …
Saudi inflation in November rises slightly to 1.7% Read More »
By Claudia Martini and Lucila Sigal BUENOS AIRES (Reuters) – On the streets of Buenos Aires, Argentines were starting to grapple on Wednesday with how they will be impacted by major austerity measures and an over 50% devaluation of the local peso currency, part of a shock plan to stabilize the economy. The government of …
‘People are going to suffer’: Argentines grapple with austerity shock Read More »
By Douglas Gillison, Laura Matthews and Carolina Mandl NEW YORK/WASHINGTON (Reuters) -Wall Street’s top regulator on Wednesday adopted new rules aimed at reducing systemic risk in the $26 trillion U.S. Treasury market by forcing more trades through clearing houses, while offering some concessions following industry pushback. The five-member U.S. Securities and Exchange Commission voted 4-1 …
US Treasury market braces for overhaul as SEC adopts new clearing rules Read More »
(Reuters) – HSBC said on Wednesday it expects the U.S. benchmark S&P 500 index to end 2024 at 5,000 points, representing an around 8% upside to the last close. “We believe market expectations are more optimistic heading into 2024 but far from euphoric,” said Head of Equity Strategy Nicole Inui. (Reporting by Subhadeep Chakravarty; Editing …
By Jamie McGeever ORLANDO, Florida (Reuters) -It is that time of year when lists of quirky, semi-serious market forecasts of unpredictable “Black Swan” events and surprises are compiled, but perhaps the biggest tail risk for investors is reality itself. Who would have said at the end of 2019 that a once-in-a-century global pandemic would hit …
Market reality can be more outlandish than wildcard forecasts: McGeever Read More »
By Mike Dolan LONDON (Reuters) – What if the “last mile” is a breeze? Despite what seems like euphoria about disinflation and interest rate easing, it’s also fashionable to speak of the hard yards of that final sticky trudge of inflation back to 2% goals. – even if the finishing line is already in sight. …
Column-Speeding through ‘last mile’ of disinflation? :Mike Dolan Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – An upcoming U.S. stock options expiration that is set to be the largest on record is tamping down market swings, potentially counterbalancing any gyrations stirred by the Federal Reserve’s monetary policy announcement on Wednesday. Some $5 trillion in U.S. stock options are set to expire on Friday, …
Why are US stocks sluggish? Blame a record $5 trillion options expiration Read More »
By Sarupya Ganguly BENGALURU (Reuters) – U.S. Treasury yields will decline over the coming year, but by less than half as much as they have in the last seven weeks, a Reuters poll of bond strategists showed, suggesting the market is already nearly fully priced for rate cuts next year. Since peaking at 5.02% in …
U.S. bond yields almost fully priced in for 2024 rate cuts -strategists: Reuters poll Read More »
By Leika Kihara TOKYO (Reuters) -Japan’s wholesale inflation slowed sharply in November as fuel and commodity prices fell, data showed on Tuesday, a sign of easing cost-push pressure in the world’s third-largest economy. The data underscores the Bank of Japan’s view commodity-driven inflation will gradually dissipate and shifts the market’s focus to whether domestic demand …
Japan Nov wholesale inflation slows sharply as cost pressures ease Read More »
