Dollar index hits seven-week high on higher-for-longer U.S. rates
LONDON, Feb 23 (Reuters) – The dollar index rose to its highest in nearly seven weeks on Thursday, a day after minutes from the Federal Reserve’s last policy meeting that supported, but did not add to markets’ view the central bank will raise rates further.The index , which tracks the greenback against six major peers […]
Japan’s factory activity shrinks at fastest pace in 2-1/2 years
TOKYO, Feb 21 (Reuters) – Japan’s manufacturing activity contracted at the fastest pace in 30 months in February, a business survey showed on Tuesday, in a worrying sign for the world’s third-largest economy, which is facing weakening demand and struggling to tame cost pressures.The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) fell […]
Global shares sink, dollar soars on rate-hike outlook
LONDON, Feb 17 (Reuters) – Stock markets dropped across the globe on Friday and the dollar leapt to six-week highs as jobs data revived expectations the U.S. central bank would stick to its monetary tightening path.Data from the U.S. Labor Department overnight showed monthly producer prices had accelerated in January and the number of Americans […]
Japan’s weak Q4 GDP rebound poses challenge for BOJ’s exit path
Japan Q4 GDP expands annualised 0.6% vs f’cast +2.0%Drop in capex, inventory behind weaker-than-expected reboundData underscore view Japan making delayed recovery from pandemicOutlook on growth, wages key to how soon BOJ exits easy policyTOKYO, Feb 14 (Reuters) – Japan’s economy averted recession but rebounded much less than expected in the fourth quarter as business investment […]
United States tells citizens: Leave Russia immediately
MOSCOW, Feb 13 (Reuters) – The United States has told its citizens to leave Russia immediately due to the war in Ukraine and the risk of arbitrary arrest or harassment by Russian law enforcement agencies.”U.S. citizens residing or travelling in Russia should depart immediately,” the U.S. embassy in Moscow said. “Exercise increased caution due to […]
Saudi minister warns sanctions, underinvestment may cause energy shortages
DUBAI, Feb 5 (Reuters) – Saudi Energy Minister Prince Abdulaziz bin Salman warned on Saturday that sanctions and underinvestment in the energy sector could result in a shortage of energy supplies.The European Union has imposed a series of sanctions against Russia, reducing Russian energy exports, and other Western powers have also imposed measures as they […]
Morning Bid: Powell confesses ‘This time it’s different’
A look at the day ahead in U.S. and global markets from Mike Dolan.Jerome Powell calmed the horses, a bit.In attempting to parse last week’s blockbuster January jobs report, the Federal Reserve Chair on Tuesday reprised his take from last Wednesday’s policy meeting – essentially that another couple of Fed rate hikes were probably needed […]
China says it will set up yuan clearing arrangements in Brazil
BEIJING, Feb 7 (Reuters) – China’s central bank has signed a memorandum of understanding on setting up yuan clearing arrangements in Brazil, it said on Tuesday, in a move to help boost the currency’s global clout.The establishment of such arrangements for the renminbi (RMB), or the yuan, would be beneficial to cross-border transactions, and further […]
Global shares slide as interest-rate risk rises and geopolitics heat up
U.S. stock futures slip, European shares dropYen skids as market eyes possible BOJ governorInvestors ponder U.S. rates with host of Fed speakers dueLONDON, Feb 6 (Reuters) – Global shares slipped on Monday, after a run of upbeat economic data suggested interest rates will have to rise further and stay higher for longer, while a stronger […]
Russians bought record number of gold bars in 2022, data shows
This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.MOSCOW, Feb 3 (Reuters) – Russians bought an all-time record number of gold bars in 2022, finance ministry data showed on Friday, as tax cuts on precious metals encouraged people to stock up on bullion as a safe asset.Moscow […]