Citigroup expects ECB to cut policy rates by 25 bps in October meeting
(Reuters) – Citigroup said that it now expects the European Central Bank (ECB) to cut interest rates by 25 basis points in its Oct. 17 meeting, according to a note…
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Column-Projected Fed rate cuts could see ‘income drag’ akin to 2020 :Mike Dolan
By Mike Dolan LONDON (Reuters) – If you think Federal Reserve interest rate cuts could overly spur an already briskly growing U.S. economy, consider the other side of the equation:…
Analysis-Futures in Japan face hangover from BOJ’s bond-buying binge
By Junko Fujita and Tom Westbrook TOKYO/SINGAPORE (Reuters) – Japan’s $9 trillion bond market is bracing for disruption as a shortage of paper caused by the central bank’s massive buying…
White House sides with union as dockworker strike enters second day
By Doyinsola Oladipo NEW YORK (Reuters) – President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labor deal with dockworkers on strike…
Morning Bid: Worries over Middle East escalation weigh
A look at the day ahead in European and global markets from Kevin Buckland Escalating hostilities in the Middle East gripped the attention of traders and investors in Asia on…
Hedge funds fuel record weekly buying in Chinese stocks on stimulus cheer
By Summer Zhen HONG KONG (Reuters) – Global hedge funds flocked to Chinese equities on the back of Beijing’s much bigger than expected stimulus measures, leading to the strongest weekly…
New Japan PM wants BOJ to be careful when hiking rates further, economy minister says
TOKYO (Reuters) -Japan’s newly appointed economy minister, Ryosei Akazawa, said on Wednesday that Prime Minister Shigeru Ishiba expects the Bank of Japan to make careful economic assessments when raising interest…
Dollar firm as war widens in Middle East
SYDNEY (Reuters) – The dollar held its sharpest gain in a week on Wednesday after an Iranian missile attack on Israel drove buying of safe assets as investors fretted about…
Asia stocks slide, oil extends gains on Middle East risks
By Kevin Buckland TOKYO (Reuters) – Asia stocks sank on Wednesday, catching up with the sell-off on Wall Street after Iran’s ballistic missile strike on Israel provoked fears of a…
UK pay awards hold at 2-year low, IDR survey shows
LONDON (Reuters) – Pay settlements awarded by British employers held at their lowest in two years in the three months to August, according to a survey that could reassure the…