(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever As Hurricane Ian batters parts of Florida, investors are once again battening down the hatches to protect themselves from the storm of financial stress and volatility ripping through world markets. Thursday’s churn served only to show the fleeting nature of Wednesday’s …
By Kate Abnett BRUSSELS (Reuters) -European Union countries are poised to approve a package of emergency measures including windfall profit levies on energy companies on Friday, at a meeting where states will also lock horns over whether to cap gas prices. The 27 EU member countries are negotiating measures proposed by Brussels last week to …
EU heads for deal on energy windfall levies, edges towards gas price caps Read More »
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) – Colombia’s central bank board raised the benchmark interest rate by 100 basis points to 10% on Thursday, as inflation pressures and domestic consumption remain robust and central banks around the world boost rates. The board was divided on how sharply to increase the rate, with six …
Colombia central bank hikes borrowing costs to 10%, raises 2022 GDP estimate Read More »
By David Randall NEW YORK (Reuters) – U.S. fixed income and international equities could benefit from quarter-end rebalancing as pension funds square their books after a brutal three months for most asset classes, according to estimates from several Wall Street banks. Overall, Credit Suisse expects pension funds to buy $30 billion worth of developed market …
U.S. pension rebalancing could boost bonds, international stocks, banks say Read More »
By Bozorgmehr Sharafedin, Kate Abnett and Marwa Rashad LONDON (Reuters) – The European Union wants a new transaction-based benchmark for liquefied natural gas (LNG) as it says the fall in Russian pipeline gas flows and record high LNG imports have created imbalances in the current pricing mechanism. The 27 EU member countries are negotiating …
EU wants new transaction based LNG benchmark in bid to calm prices Read More »
BERLIN (Reuters) -German inflation likely grew significantly in September based on initial data from its most populous state, which saw the biggest jump since the early 1950s, according to its statistics office. The state of North Rhine Westphalia saw inflation rise 10.1% year-on-year in September, mainly due to higher costs for goods and services after …
Germany’s most populous state sees biggest inflation jump in decades Read More »
PARIS (Reuters) – French business executives see wage gains picking up over the next 12 months but remaining below expected inflation over the period, a quarterly survey by the central bank showed on Thursday. The central bank said the median inflation expectation of firms surveyed at the end of August-early September stood at 5.0% one …
French firms see 4% wage inflation over 12 months – central bank survey Read More »
By Simon Johnson STOCKHOLM (Reuters) -Sweden’s central bank must act robustly to get inflation under control or rising prices could become entrenched, rate-setters said in the minutes of the bank’s most recent policy meeting, published on Thursday. As late as February this year, the Riksbank was forecasting that rates – then at 0% – would …
Swedish rate-setters say quick action needed to fight inflation Read More »
By Dhara Ranasinghe and Jorgelina do Rosario LONDON (Reuters) – Federal Reserve Bank of Chicago President Charles Evans said on Wednesday that volatility in markets can create additional restrictiveness in financial conditions. Global markets have been whipsawed this week by turmoil in UK markets, already on edge over aggressive rate hikes from the U.S. Federal …
Fed’s Evans: Market volatility can create restrictiveness Read More »
By Noel Randewich and Shreyashi Sanyal (Reuters) – Wall Street ended sharply higher on Wednesday following its recent sell-off, helped by falling Treasury yields, while Apple dropped on concerns about demand for iPhones. The S&P 500 recorded its first gain in seven sessions after closing on Tuesday at its lowest since late 2020. Interest rate-sensitive …
Wall Street ends sharply higher as Treasury yields dip Read More »
