ROME (Reuters) – Italy is ready to consider ratifying the reform of the euro zone’s bailout fund (ESM) for countries and banks cut off from markets “if it is transformed into a growth instrument”, Prime Minister Giorgia Meloni was quoted as saying on Friday. Under the reform agreed at the EU level in 2021 but …
Italy may ratify EU bailout fund reform “if turned into growth instrument” – Meloni Read More »
A look at the day ahead in European and global markets from Tom Westbrook A month-long risky-asset rally, in the absence of any further banks collapsing, seems to be running out of steam as economic data offers few excuses for confidence. Softening second-tier data in the U.S. on Thursday put a bid under bonds for …
Marketmind: Purchasing managers of the world, diverge Read More »
By Kantaro Komiya TOKYO (Reuters) – The Bank of Japan’s new chief Kazuo Ueda will not start unwinding its ultra-easy policy at April 27-28 meeting, nearly 90% of economists polled by Reuters said, as the chance of a surprise tweak at his first rate-review subsided. Since succeeding Haruhiko Kuroda early this month, Ueda has reassured …
BOJ unlikely to move in April, most economists say: Reuters poll Read More »
By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) – Major U.S. stock indexes ended lower on Thursday after disappointing quarterly reports from companies including Tesla and AT&T, while investors sought clarity on the path of interest rates. Tesla shares tumbled 9.7% after the electric vehicle maker posted its lowest quarterly gross margin in two …
Wall St slides after gloomy earnings led by Tesla Read More »
By Davide Barbuscia NEW YORK (Reuters) – A debt ceiling fight is looming in the U.S. yet again, giving investors another worry for markets this year. The U.S. government’s deadline to raise the $31.4 trillion debt ceiling could be sooner than expected, analysts have said, pulling forward the risk of a debt default that could …
Explainer-Looming US debt ceiling fight is starting to worry investors Read More »
By Michael S. Derby NEW YORK (Reuters) -Cleveland Federal Reserve President Loretta Mester said on Thursday the U.S. central bank still has more interest rate increases ahead of it, while noting the aggressive move to boost the cost of borrowing over the last year to quash high inflation is nearing its end. “Demand is still …
Fed’s Mester sees policy rate over 5% and ‘soft landing’ on horizon Read More »
By Wayne Cole SYDNEY (Reuters) -Australia’s central bank is expected to get a new specialist board to manage monetary policy that will give independent expert members more responsibility for setting interest rates, a dilution of the bank’s traditional power over policy. A 272-page review of the Reserve Bank of Australia (RBA) released on Thursday outlined …
Australia’s central bank to get new rate-setting board under review shake up Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -Markets are struggling to disentangle their assumption the Federal Reserve will quickly reverse its final rate rise within months from anxiety around a summer debt ceiling showdown – and suspect rates pricing may be skewed by the latter. Policymakers have indicated, via their median ‘dot plot’ projections and public …
‘Peak Fed’ aggravates U.S. debt ceiling strains: McGeever Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan is warming to the idea of tweaking its controversial bond yield control policy later this year, but will likely keep settings unchanged at next week’s meeting as it awaits more evidence of sustained wage growth, sources say. Kazuo Ueda chairs his first policy meeting since becoming …
BOJ open to tweaking YCC this year if wage momentum holds – sources Read More »
BERLIN (Reuters) – German producer prices rose less than expected in March, posting the smallest year-on-year increase since June 2021, according to data released on Thursday. Producer prices of industrial products were up 7.5% on the same month last year, the Federal Statistical Office reported. A Reuters poll had indicated a rise of 9.8% year-on-year. …
German producer prices rise less than expected in March Read More »
