(Reuters) – High inflation, volatility in stock and commodity markets and the war in Ukraine have emerged as the chief risks to the U.S. financial system, the Federal Reserve reported on Monday in a biannual update on financial stability that warned of a system poised for potentially “sudden” disruption. The quick rise in U.S. Treasury …
Inflation, Ukraine war seen as chief financial risks -Fed report Read More »
By Howard Schneider (Reuters) -Atlanta Federal Reserve President Raphael Bostic on Monday said he expects the U.S. central bank will deliver two or three more half-percentage-point interest rate hikes but won’t need to use anything bigger, noting some hopeful signs on inflation. “I would say that (a 75-basis-point rate hike) is a low probability outcome …
Bostic sees no 75 bps rate hike, hopeful inflation cools Read More »
By Herbert Lash NEW YORK (Reuters) -U.S. Treasury yields eased on Monday after the benchmark 10-year note hit fresh 3-1/2 year highs as inflation fears continued to roil markets and traders awaited consumer price data and the auction of $103 billion in new government debt later this week. Ten-year Treasury yields fell 4.1 basis points …
U.S. yields ease after hitting 3-1/2 year highs on rate hike jitters Read More »
BEIJING (Reuters) – China’s export growth slowed to single digits, the weakest in almost two years, while imports barely changed in April as tighter and wider COVID-19 curbs halted factory production and crimped domestic demand, adding to wider economic woes. Exports in dollar terms grew 3.9% in April from a year earlier, dropping sharply from …
China’s exports growth hits two year-low as virus curbs hit factories Read More »
By David Randall NEW YORK (Reuters) -Expectations of a hawkish Federal Reserve are dimming Wall Street’s outlook for stocks, with some investors now bracing for a potential bear market in the benchmark S&P 500 index. A bear market – often thought of as a 20% or more decline from a high – would mark the …
Analysis-Whispers of S&P 500 bear market grow louder as U.S. stock decline continues Read More »
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Monday the U.S. financial system was functioning in an “orderly manner” despite the current stock market sell-off, and valuations of some assets remain high compared to historical values. In prepared testimony for a U.S. Senate Banking Committee hearing on Tuesday, Yellen said the …
Treasury’s Yellen says U.S. financial system operating in ‘orderly manner’ Read More »
BERLIN (Reuters) – The proportion of German people working from home fell only slightly in April, according to a survey published on Monday, despite the country lifting remote-working requirements brought into force to combat the COVID-19 pandemic. The Ifo economic institute said its survey of 9,000 companies showed 24.9% of German employees worked from home …
Many Germans still work from home despite end of COVID requirement – Ifo Read More »
A look at the day ahead in markets from Julien Ponthus. On Friday, St. Louis Fed President James Bullard argued that the U.S. Federal Reserve is “not as far behind the curve as you might have thought”. With inflation running over 6%, the jury is out on whether last week’s 50 basis point rate hike …
By Chen Aizhu SINGAPORE (Reuters) – China’s crude oil imports grew nearly 7% in April from the same month a year earlier, its first rise in three months, although weakening fuel demand due to COVID-19 lockdowns has dampened throughput at Chinese refineries. The world’s top crude oil buyer imported 43.03 million tonnes last month, data …
China oil imports rebound in April, but weak fuel demand weighs on refiners Read More »
NAIROBI (Reuters) -Somalia’s government has asked the International Monetary Fund (IMF) to extend its financial support by three months to Aug. 17, the head of the IMF’s country mission told Reuters. The Washington-based fund warned in February that Somalia’s delayed legislative and presidential elections put the renewal of the three-year budget support programme, worth nearly …
Somalia seeks three-month extension of its IMF support programme Read More »
