Gold treads water ahead of more Fed cues
Gold prices moved little in Asian trade on Thursday, reeling from steep losses this week as markets awaited more cues on the U.S. economy and monetary policy, while copper prices…
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Australia’s trade minister seeks end to trade curbs on visit to Beijing
Australia’s Trade Minister arrived in Beijing on Thursday, where he will meet his Chinese counterpart, as Canberra pushes for the removal of all trade impediments and diplomatic relations stabilise. Trade…
Dollar retreats after Fed meeting
The U.S. dollar retreated in early European trade Thursday, continuing the previous session’s selloff after the Federal Reserve signalled a pause to its year-long tightening cycle after its latest interest…
House Republicans pass debt-ceiling hike
The U.S. House of Representatives on Wednesday narrowly passed a bill to raise the government’s $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade. The bill…
Dollar largely flat, Central bank meetings in focus
The U.S. dollar traded in a subdued fashion in early European trade Thursday, clinging on to overnight gains with expectations growing that the Federal Reserve will tighten monetary policy further…
Inflation data looms
As markets count down to the much anticipated release of March inflation data, investors eye the Federal Reserve’s future interest rate path, while gold gains and oil prices oscillate. Elsewhere,…
US job growth strong in March
The U.S. economy continued to churn out jobs at a brisk pace in March, pushing the unemployment rate down to 3.5%, signs of persistent labour market tightness that could see…
U.S. stock futures edge up
U.S. stock futures rose on Monday, after First Citizens Bancshares helped calm unsettled markets by saying that it would take the deposits and loans of failed Silicon Valley Bank. The…
Dollar slips as Fed outlook shifts
The dollar was under pressure near seven-week lows on Thursday after the U.S. Federal Reserve sounded close to calling time on interest rate hikes, which markets think are more or…
HSBC to take over Silicon Valley Bank’s U.K. operations
HSBC (LON:HSBA) has agreed with the Bank of England to buy the U.K. operations of Silicon Valley Bank (NASDAQ:SIVB), whose collapse last week sent shudders through the U.S. financial system.…
Weak euro zone data point to cracks in recovery as inflation lingers
The euro zone’s economic recovery is tentative and fragile, several indicators suggested on Monday, adding to signs that even if a recession may have been avoided, no upturn is in…
European stock futures higher
European stock markets are expected to open higher Friday, boosted by gains in Asia and on Wall Street overnight ahead of the release of euro zone services activity data. At…
Shares struggle, bond yields jump after bright economic data
European stocks fell on Tuesday and bond yields jumped after a pickup in euro zone business activity this month fuelled predictions that the European Central Bank would remain hawkish as…
Oil prices on track to finish week lower on U.S. rate hike worries
Oil prices were on track for weekly losses as strong U.S. economic data heightened concerns that the Federal Reserve would further tighten monetary policy to tackle inflation, a move that…
European stock futures higher. German CPI, Credit Suisse in focus
European stock markets are expected to edge higher at the open Thursday, as investors digested the latest German inflation data as well as the continuation of the quarterly corporate earnings…
U.S. stock futures drift lower ahead of Fed decision
U.S. stock futures edged lower as traders looked ahead to the Federal Reserve’s much-anticipated interest rate decision this week, awaited a new slate of corporate earnings, and took in fresh…
After a long cold year Investors are flocking back to Europe
A European recession looked like a no-brainer just a few weeks ago, but that picture has changed dramatically, and investors have started pouring money into the region’s stocks, currency and…
Sterling nears one-month high on UK jobs data
Sterling rose on Tuesday, nearing a one-month high against the U.S. dollar after data showed the pace of pay growth in Britain, closely watched by the Bank of England as…
Dollar weakens in wake of CPI release
The U.S. dollar edged lower in early European trade Friday, continuing the previous session’s selloff after cooling U.S. inflation opened the way for the Federal Reserve to ease the pace…
Russian rouble up vs dollar, euro in light trade
The Russian rouble showed positive dynamics against the dollar and the euro amid a rebound in oil prices in thin holiday trading on Thursday. At 0711 GMT the rouble gained…