Morning Bid: US ‘no landing’ scenario lifts markets
A look at the day ahead in European and global markets from Kevin Buckland What a difference a payrolls report makes. From worries about a U.S. economic “hard landing”, the…
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China’s gold reserves unchanged for fifth straight month in September
SHANGHAI (Reuters) – China’s central bank held back on buying gold for its reserves for a fifth straight month in September, official data showed on Monday, mainly due to a…
Japan leads Asia stock rally, dollar gains after blowout US payrolls
By Kevin Buckland TOKYO (Reuters) – Asian stocks rallied and the dollar reached a fresh seven-week peak on the yen on Monday after blowout U.S. labour data dispelled fears of…
UK pay growth weakest since February 2021, REC survey show
LONDON (Reuters) – Britain’s jobs market showed more signs of cooling in September as pay growth increased at the slowest pace in almost four years, according to a survey likely…
Japan’s top FX diplomat warns against speculative moves as yen falls
By Makiko Yamazaki TOKYO (Reuters) -Japan’s top currency diplomat, Atsushi Mimura, issued on Monday a warning against speculative moves on the foreign exchange market as the yen fell below 149…
Dollar on a roll after US jobs data and Middle East flare-up
By Vidya Ranganathan SINGAPORE (Reuters) – Japan’s yen fell to its lowest in nearly two months and other major currencies too were grappling with losses early on Monday as the…
ECB will probably cut rates in Oct on risk of too low inflation: Villeroy
FRANKFURT (Reuters) – The European Central Bank will probably cut interest rates on Oct 17 as economic growth is weak and this raises the risk that inflation will undershoot its…
Morning Bid: Markets mull potential US ‘no landing’
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Trading in Asia kicks off on Monday with the global macro and market landscape suddenly appearing…
BOJ faces fresh challenge as politics, yen complicate rate hikes
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda’s efforts to lift rock-bottom borrowing costs face fresh challenges as a yen rebound and the new political leadership’s preference…
Powell Industries stock has surged: time to buy or sell?
Highly shorted Powell Industries (POWL) has done well in the past few years, making it one of the best-performing companies in Wall Street. It has risen in the last two…