Shares lifted by prospect of lower rates for longer
Global shares posted their longest winning streak in three months on Monday, aided by the chance of low interest rates for longer in the United States and talk of more stimulus in Japan and China, while oil slid as the Saudis cut prices for Asian customers.
Asia stocks in cautious mood, dollar near 1-mth lows
Asian share markets were in a cautious mood on Thursday as concerns grew over the Chinese economy after a run of soft data, while the risk of a sub par U.S. payrolls report kept the dollar on the defensive.
Euro zone Aug factory growth strong – as were price rises, PMI shows
Euro zone manufacturing growth remained strong in August but supply chain issues caused by the coronavirus pandemic continued to constrain supplies of the raw materials factories need, driving up prices, a survey showed on Wednesday.
Delta delays great exit as RBNZ holds fire on hikes
The Delta variant has delayed an expected rate hike in New Zealand, leaving Norway likely the first G10 economy to begin the journey out of an era of emergency-level interest rate lows.
Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
Four years after spending 5.4 billion euros ($6.3 billion) to rescue it, Rome is in talks to sell Monte dei Paschi (BMPS.MI) to UniCredit (CRDI.MI) and cut its 64% stake in the Tuscan bank.
Dollar holds firm near 4-month high on Fed tapering bets
The dollar held firm on Friday, staying near its highest level in four months against a basket of currencies as investors looked for more hints from the Federal Reserve on its plans to reduce monetary stimulus.
Euro zone banks see small tightening of credit standards in Q3
Euro zone banks expect corporate loan demand to surge in the third quarter and see just a moderate tightening of credit standards or loan approval criteria, the European Central Bank said on Tuesday.
Take Five: ECB, earnings galore and ‘Freedom Day’
July 16 (Reuters) – 1/ ECB DAY Two weeks after unveiling its closely anticipated strategy review, the ECB will face questions at its Thursday meeting on what its new 2% inflation target might mean for policy. If the ECB is serious about boosting inflation to 2% (versus close to but below 2% before), surely hefty […]
Asia shares bounce as mood shifts, sentiment fickle
Asian shares were enjoying a relief rally on Monday as record highs on Wall Street and policy easing in China helped calm some of the recent jitters on global growth, though plenty of potential pitfalls lay ahead this week.
Fed, ECB minutes and all eyes on China inflation
Minutes of the June meetings of the U.S. Fed and the ECB, plus the latest inflation data from China – here’s a rapid tour of next week’s top economic events and themes to be covered by Reuters bureaus.
