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 […]
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 […]
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 […]
Morning bid: Markets go all in for disinflation
SYDNEY, Feb 2 (Reuters) – A look at the day ahead in European and global markets from Wayne Cole.Push back? What push back? The main theme ahead of the Fed announcement was that Chair Jerome Powell would definitely, totally, absolutely push back against the recent rapid easing in market conditions given inflation was still sky […]
Global factory activity contracted again in January, highlighting fragile recovery
U.S. manufacturing sinks further in Jan, but few layoffs – ISMEuro zone factories have passed their trough in activity – PMIChina’s Jan factory activity shrinks – Caixin PMI surveyWASHINGTON/LONDON, Feb 1 (Reuters) – Manufacturing activity across the United States, Europe and Asia contracted again last month, underscoring the fragility of the global economic recovery, although […]
Biden says no F-16s for Ukraine as Russia claims gains
Russian administrator claims foothold in VuhledarKyiv says Russian gains come at huge costThink-tank says delay in Western arms halted Ukraine’s advanceKYIV, Ukraine/WASHINGTON Jan 30 (Reuters) – The United States will not provide the F-16 fighter jets that Ukraine has sought in its fight against Russia, President Joe Biden said on Monday, as Russian forces claimed […]
Gold eases off nine-month peak as U.S. dollar, yields gain
Holdings in iShares Silver Trust rose 4% on MondayU.S. 10-Treasury yields at near one-week peakJan 24 (Reuters) – Gold prices pulled back from a nine-month high on Tuesday due to a slight uptick in the dollar and U.S. bond yields, although hopes of slower interest rate hikes from the Federal Reserve underpinned the market.Spot gold […]
ECB policymakers spar on rate outlook beyond Feb hike
Knot, Kazimir explicitly back 50 bps hike in MarchLagarde sees significant, steady pace rate riseStournaras, Visco call for cautionInflation high but fallingFRANKFURT/PRAGUE, Jan 23 (Reuters) – European Central Bank policymakers laid out diverging views on future interest rate hikes on Monday, suggesting that moves beyond next week’s half a percentage point increase remain contentious.The ECB […]
ECB set to raise rates by 50 basis points in February and March, Knot says
AMSTERDAM, Jan 22 (Reuters) – The European Central Bank (ECB) is set to raise interest rates by 50 basis points in both February and March and will continue to raise rates in the months after, ECB governing council member Klaas Knot said in an interview with Dutch broadcaster WNL on Sunday.”Expect us to raise rates […]
Gold gains on softer dollar, slower Fed rate-hike bets
U.S. weekly jobless claims data due at 1330 GMTGold benefiting from flight to safety after U.S. data – analystU.S. producer prices fall more than expected in DecemberJan 19 (Reuters) – Gold prices rose on Thursday and are set to snap a three-day losing streak, helped by a weaker dollar and as signs of cooling U.S. […]