By Jamie McGeever ORLANDO, Florida (Reuters) -The ‘dollar smile’ can be a blessing for Wall Street, or a curse. Right now, with the dollar’s boom being driven by a destabilizing surge in U.S. bond yields, heightened uncertainty over global growth and rapidly deteriorating investor sentiment, it is definitely the latter. The gist of the ‘dollar …
Dollar’s smile makes Wall Street frown: McGeever Read More »
LONDON (Reuters) – There’s a looming partial shutdown of the U.S. government, embattled developer China Evergrande on the brink, and markets still adjusting to central banks’ higher for longer rates mantra. If that wasn’t enough to kick off the final quarter of 2023, there’s central bank meetings from Australia to Poland and closely-watched U.S. jobs …
BERLIN (Reuters) – The number of companies in Germany planning to raise their prices rose for the first time in a year in September, a survey by the Ifo economic institute showed, indicating that inflation looks set to remain above the 2% target in the coming months. For the economy as a whole, Ifo’s price …
More German firms want to raise prices for first time in a year -Ifo Read More »
PARIS (Reuters) – French inflation unexpectedly slowed in September as easing price rises in the food sector outpaced higher prices in the energy sector, preliminary EU-harmonised official data showed on Friday. French consumer prices rose 5.6% in September from a year earlier, after a 5.7% rise in August, the INSEE statistics agency said. A Reuters …
French inflation unexpectedly slows in September as food price rises ease Read More »
By Savyata Mishra (Reuters) -Chico’s FAS will be taken private by Sycamore Partners for $938.1 million in an all-cash deal, the apparel retailer said on Thursday, sending its shares surging to close 63% higher. Shareholders of Chico’s will receive $7.60 per share, representing a 65% premium to the stock’s last close. Sycamore is known to …
Sycamore to take apparel retailer Chico’s FAS private for nearly $1 billion Read More »
WASHINGTON (Reuters) – The World Bank on Thursday proposed steps that would boost its lending to developing countries by an additional $100 billion over a decade as part of an ongoing reform process aimed at helping the bank expand its mission to include climate change. In a 24-page report to the joint ministerial committee that …
World Bank maps out plans to further boost lending by $100 billion-plus over a decade Read More »
By Lewis Krauskopf, Ankika Biswas and Shashwat Chauhan (Reuters) – Wall Street’s main indexes ended higher on Thursday as investors assessed the latest batch of economic data and as a surge in Treasury yields stalled ahead of a key inflation report. Investors were also watching developments in Washington to see whether U.S. lawmakers could avert …
Wall St ends higher as investors digest economic data ahead of inflation report Read More »
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Richmond President Thomas Barkin said on Thursday that it is not yet clear to him what the central bank will need to do on monetary policy into the end of the year. When it comes to the prospect of another interest rate rise, …
Fed’s Barkin says it’s too soon to say if another hike needed -Bloomberg TV Read More »
(Reuters) – Ray Dalio believes the United States is going to have a debt crisis and is closely watching the “risky” fiscal situation, CNBC reported on Thursday, citing an interview with the billionaire investor. “How fast it transpires, I think, is going to be a function of that supply-demand issue, so I’m watching that very …
Bridgewater’s Ray Dalio warns of impending debt crisis in US – CNBC Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A $16 billion JP Morgan fund, expected to reset its options positions on Friday, is drawing traders’ attention as a potential source of additional volatility at the end of the worst month for U.S. stocks this year. The JPMorgan Hedged Equity Fund, with about $16.05 billion in …
Traders wary of volatility as JP Morgan fund’s big options trade looms Read More »
