NEW YORK (Reuters) – U.S. stocks surged, the dollar slid and Treasury yields dropped on Thursday after a cooler-than-expected October consumer prices report suggested the Federal Reserve’s barrage of interest rate hikes are beginning to have their intended effect. All three major U.S. stock indexes rebounded sharply on the heels of Wednesday’s sell-off, and the …
Markets rejoice after surprisingly cool inflation report Read More »
NEW YORK (Reuters) – The Chilean central bank will likely begin its easing cycle in April as inflation begins to slow, JPMorgan said in a research note. Data this week showed Chile’s inflation slowed in October to its lowest level in eight months. The Wall Street bank said markets are discounting interest rate cuts to …
Chile central bank likely to start easing cycle in April – JPMorgan Read More »
(Reuters) – European shares edged lower at the open on Thursday, with real estate stocks leading declines, ahead of a closely watched reading on U.S. inflation to determine whether the Federal Reserve’s aggressive monetary policy has taken hold. The pan-European STOXX 600 index fell 0.3% by 0814 GMT, after snapping a three-day winning streak on …
European shares open lower as real estate stocks fall ahead of U.S. CPI data Read More »
BERLIN (Reuters) – Germany’s parcel industry is expecting to deliver fewer packages to consumers during this year’s Christmas season than the year before as inflation and rising energy costs push down demand, said the German package and logistics industry association BIEK. Around 415 million packages are expected to reach consumers this November and December, versus …
Germany’s parcel industry expects fewer deliveries this Christmas Read More »
By Hannah Lang and Angus Berwick NEW YORK (Reuters) – FTX Chief Executive Officer Sam Bankman-Fried told employees he was exploring all options for his firm after a deal with cryptocurrency exchange Binance collapsed on Wednesday. The proposed deal between Bankman-Fried and rival Binance Chief Executive Officer Changpeng Zhao of Binance had been the latest …
Crypto’s FTX CEO looking at all options as Binance deal collapses Read More »
SEOUL (Reuters) – South Korea’s monetary tightening should be done at a gradual pace because of the risks of an economic contraction, the top government research agency said, as it downgraded GDP growth forecasts. “Monetary policy needs to maintain the tightening policy stance for the time being to keep inflation expectations stable, but its rate …
South Korean think tank recommends gradual pace of rate hikes due to economic risks Read More »
A look at the day ahead in European and global markets from Tom Westbrook The outcome of the U.S. midterm elections remains inconclusive – short of the Republican sweep some had expected. The “red wave”, however, showed up in markets. The S&P 500 fell 2% on Wednesday and the dollar seemed to catch a bid …
WASHINGTON/MEXICO CITY (Reuters) -U.S. Deputy Secretary of State Wendy Sherman is visiting Mexico through Thursday to build on the two countries’ bilateral High-Level Economic Dialogue (HLED) and prepare for next month’s American Leaders’ Summit, the U.S. State Department said on Wednesday. Sherman met with Mexican Foreign Minister Marcelo Ebrard and discussed efforts to strengthen supply …
U.S. diplomat Sherman visits Mexico to build on trade momentum Read More »
By Lucy Craymer WELLINGTON (Reuters) – The New Zealand government said in a statement on Thursday it will introduce open banking, with the sector the first to come under rules giving consumers full control of their financial data. “Open banking ensures banks must share customer information if they request it, making it easier for New …
New Zealand Government says it will introduce ‘open banking’ Read More »
WELLINGTON (Reuters) – An internal review of New Zealand’s central bank decisions over the past five years found that the dramatic easing in monetary policy was largely warranted over the pandemic but that with hindsight monetary policy should have been tightened earlier in 2021. The monetary policy review found that there were a number of …
RBNZ review finds monetary policy decisions largely warranted Read More »
