SYDNEY, Dec 9 (Reuters) – Australia’s central bank on Tuesday left its cash rate steady as expected at 3.60%, saying risks to inflation had tilted to the upside and it would take a little longer to asses the persistence of price pressures. Wrapping up a two-day policy meeting, the Reserve Bank of Australia (RBA) also …
Australia central bank keeps rates at 3.6%, warns of inflation risk Read More »
SYDNEY, Dec 9 (Reuters) – A measure of Australian business conditions pulled back in November as sales and profits both eased after a couple of strong months, a survey showed on Tuesday, while many firms still reported limited spare capacity. The survey from National Australia Bank showed its index of business conditions fell 3 points …
Australia business conditions soften in November, capacity constrained Read More »
By Purvi Agarwal and Ragini Mathur Dec 8 (Reuters) – European shares ended subdued on Monday, with higher bond yields weighing slightly on the main index, as the week began on a cautious note with investors looking ahead to the U.S. Federal Reserve’s monetary policy meeting. The pan-European STOXX 600 was down 0.1% at 578.38 …
European shares subdued at close amid caution ahead of week’s Fed rate decision Read More »
Dec 8 (Reuters) – Global equity funds attracted significant inflows in the week through December 3 as expectations of a potential Federal Reserve rate cut this week boosted risk sentiment. Investors bought global equity funds worth a net $7.93 billion during the week in a reversal from approximately $6.41 billion worth of net sales the …
Global equity funds draw inflows ahead of Fed decision Read More »
FRANKFURT, Dec 8 (Reuters) – The European Central Bank has no reason to change interest rates for months and should be mindful of some upside inflation risks, including from slower wage moderation and a smaller impact from the euro’s firming, Slovak policymaker Peter Kazimir said. The ECB has been holding interest rates steady since cutting …
ECB must be vigilant about some upside risks to inflation, Kazimir says Read More »
By Maria Martinez Dec 8 (Reuters) – German industrial production rose much more than expected in October but economists see no signs of a broader upturn as structural headwinds will continue to take their toll on businesses. Industrial production increased by 1.8% compared with the previous month, the federal statistics office said on Monday. Analysts …
German industrial output rises more than expected in October Read More »
LONDON, Dec 8 (Reuters) – The long-awaited December U.S. Federal Reserve meeting is almost here. But it’s not the only game in town for financial markets with Canadian, Swiss, Australian and Turkish central banks also meeting and the latest China data to pore over. Here’s your one-stop shop for the week ahead in world markets …
ROME, Dec 6 (Reuters) – Inflation in the euro zone faces downside risks in the medium term, even as price growth has returned to the ECB’s 2% target, European Central Bank policymaker Olli Rehn said, according to a report in a magazine on Saturday. The sharp drop from the October 2022 peak of 10.6% to …
ECB’s Rehn sees downside risks to inflation, urges action on Ukraine funding Read More »
By Gabriel Burin BUENOS AIRES, Dec 3 (Reuters) – Mexico’s peso will keep trading in 2026 close to the center of a range between 16.00-22.00 per U.S. dollar that recently turned 10 years old, a Reuters poll found. The currency first entered the interval in July 2015. It has averaged a mid-value of 19.20 since …
Mexico’s peso to trade within decade-old range in 2026: Reuters Poll Read More »
By Sarupya Ganguly BENGALURU, Dec 3 (Reuters) – FX strategists largely stuck to forecasts for a weaker U.S. dollar over the coming year on Federal Reserve rate cut bets but a sizeable minority have now broken away from the consensus, predicting it would strengthen instead, a Reuters survey showed. The greenback, down roughly 9% for …
Cracks appear in entrenched weak dollar outlook: Reuters Poll Read More »
