FRANKFURT (Reuters) -The European Central Bank’s policy-setting Governing Council will hold a a rare, unscheduled meeting on Wednesday to discuss the turmoil in bond markets, underscoring official concern around a blowout in borrowing costs for some euro zone nations. Bond yields have risen sharply since the ECB promised a series of rate hikes last Thursday …
ECB to discuss market rout in unscheduled meeting Read More »
A look at the day ahead in markets from Sujata Rao The bond selloff triggered by last week’s May consumer inflation print got fresh legs on Tuesday when U.S. factory gate inflation or PPI was revealed to have increased by 10.8% last month; higher gasoline prices comprised 40% of the rise in goods costs. Given …
By Hernan Nessi and Jorge Iorio BUENOS AIRES (Reuters) – Argentina’s monthly inflation clocked in at 5.1% in May, still painfully high but below expectations and slower than the two previous months as the South American grains producer battles to bring down consumer prices. That was below the median forecast of 5.2% that local and …
Argentina’s sky-high inflation eases slightly to 5.1% in May Read More »
By Julien Ponthus and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) -Investors have dramatically raised their bets that the U.S. Federal Reserve will raise interest rates by 75 basis points (bps) rather than 50 bps on Wednesday, a swing in expectations which has fuelled a violent selloff across world markets. Expectations for a 75-bps hike at the …
U.S. rate markets price in aggressive 75-bps hike on Wednesday Read More »
OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau on Tuesday said his government was watching rising interest rates “with concern,” when asked about the impact higher borrowing costs are having on housing affordability in the country. “We know full well that housing prices are a real concern, especially for middle class Canadians hoping to buy …
Canada’s Trudeau says we’re watching rising interest rates ‘with concern’ Read More »
By Karen Brettell NEW YORK (Reuters) – U.S. Treasury yields climbed to their highest levels in a decade on Tuesday as investors raised bets that the Federal Reserve will hike rates by 75 basis points when it concludes its two-day meeting on Wednesday. Surging consumer prices in May, which rose at their fastest pace in …
Yields hit decade highs before expected 75 bp Fed rate hike Read More »
WASHINGTON (Reuters) -The United States, Canada and other countries have established a new partnership aimed at securing the supply of critical minerals, which are essential for clean energy and other technologies, as global demand for them rises, the State Department said on Tuesday. Demand for the minerals, such as nickel, lithium and cobalt, is projected …
U.S. and partners enter pact to secure critical minerals like lithium Read More »
By Indradip Ghosh and John Revill BENGALURU/ZURICH (Reuters) – The Swiss National Bank will keep its negative policy interest rate unchanged on Thursday and will not raise it to zero until early next year, according to a majority of economists polled by Reuters, despite the highest inflation in 14 years. That would leave the SNB …
Swiss National Bank to leave rates steady in June, raise 25 bps in Sept- Reuters poll Read More »
A look at the day ahead in markets from Dhara Ranasinghe Central banks’ challenge — hiking interest rates to contain soaring inflation without wrecking their economies — has just got harder. From stocks to crypto and emerging markets, risk assets are reeling from the likelihood of aggressive U.S. interest-rate increases that raise recession risks for …
PARIS (Reuters) – French Finance Minister Bruno Le Maire told France 2 television on Tuesday that the rise in U.S. bond yields showed that the “era of cost-free money” was over. Le Maire added it wold cost France several billion euros to pay back its debt to the market, which showed that importance of sticking …
