Why is the euro falling and could it hit $1?
LONDON (Reuters) – The euro has fallen to one-year lows, reviving talk the currency could hit the $1 mark. Donald Trump’s U.S. election win raises the prospect of a hike…
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Traders bet on Fed December rate cut after inflation data
(Reuters) – Traders of contracts that settle to the Federal Reserve’s policy rate moved Wednesday to price in a firmer chance of another quarter-point interest-rate cut at the central bank’s…
Scholz, fighting for survival, says Germans should not choose between security and prosperity
By Thomas Escritt and Sarah Marsh BERLIN (Reuters) – Chancellor Olaf Scholz on Wednesday appealed to parties to pass measures such as raising child benefit and lifting tax thresholds before…
Musk to join Trump at meeting with House Republicans, reports say
WASHINGTON (Reuters) – Billionaire entrepreneur Elon Musk is expected to join President-elect Donald Trump at the meeting of U.S. House of Representatives’ Republicans on Wednesday morning, the New York Times…
Factbox-Airlines suspend flights as Middle East tensions rise
(Reuters) -Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of…
Inflation worries come back to haunt bond strategists after Trump victory: Reuters poll
By Sarupya Ganguly BENGALURU (Reuters) – Donald Trump’s presidential election win has forced bond strategists to make a material change in their outlook towards higher longer-dated Treasury yields, a Reuters…
Long-term impact of Trump policy plans on the dollar uncertainty, BofA says
Investing.com – The dollar index and dollar index futures edged down slightly in European trade on Wednesday after slipping from a four-month high in the prior session. Traders had previously piled…
UK stocks slip ahead of U.S. inflation data; Smiths Group rallies
By Sruthi Shankar (Reuters) – The main UK stock indexes slipped on Wednesday as traders awaited key U.S. inflation data to gauge the path of monetary policy, while defence company…
Hedge funds bring more benefits than risks to bond market, says Italy’s debt chief
By Harry Robertson BRUSSELS (Reuters) – Hedge funds are becoming increasingly active in Europe’s bond markets and, so far, they have brought with them more benefits than risks, Italy’s debt…
China unveils new tax incentives to revive struggling property sector
BEIJING (Reuters) – China on Wednesday unveiled tax incentives to support the ailing property sector, which will take effect from Dec. 1 this year, according to a finance ministry statement.…