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Sterling falls as BoE expects recession, U.S. futures up

Sterling falls as BoE expects recession, U.S. futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in Sept “reasonable” Oil stabilises after hitting six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and euro …

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Wall Street rallies on economic data, crude falls as stockpiles jump

Wall Street rallies on economic data, crude falls as stockpiles jump

NEW YORK, Aug 3 (Reuters) – U.S. stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday as robust economic data, upbeat corporate guidance and easing geopolitical concerns boosted investor risk appetite. Front-month crude futures dropped following a report that U.S. stockpiles of crude and gasoline unexpectedly surged last week. …

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Asian stocks slide with U.S. yields on Pelosi jitters; Aussie drops

Asian stocks slide with U.S. yields on Pelosi jitters; Aussie drops

A man wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen showing Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 14, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register TOKYO, Aug 2 (Reuters) – Asia stocks …

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Stocks make recovery bid, hemmed in by weakening world economy

Stocks make recovery bid, hemmed in by weakening world economy

Chinese economy slowed sharply in Q2 U.S. yields, dollar pull back after Fed officials’ comments European markets firmer, with eyes on Italy political crisis LONDON, July 15 (Reuters) – World stocks attempted a move higher on Friday after four days of losses caused by mounting fears of economic downturn, even though the growth concerns were …

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Euro battles parity pressure ahead of U.S. inflation data

Euro battles parity pressure ahead of U.S. inflation data

LONDON, July 13 (Reuters) – Stocks slipped on Wednesday and the euro lurked just above parity against the dollar, as traders waited to see if U.S. inflation data later bolsters the case for another supersized Federal Reserve interest rate hike this month. Recession worries meant Europe’s bourses were stumbling again after a relatively steady session …

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Shares slide ahead of U.S. inflation data, earnings hurdles

Shares slide ahead of U.S. inflation data, earnings hurdles

People pass by an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register European shares down 1.3%, S&P 500 futures off 0.8% Dollar tops 137 yen before U.S. CPI, inflation expectations Banks kick off earnings …

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Chipmaker stocks climb, sickly euro treads water

Chipmaker stocks climb, sickly euro treads water

LONDON, July 7 (Reuters) – Gains in chipmakers lifted stocks to calm investors after hawkish Federal Reserve comments increased the likelihood of a hefty interest rate hike later this month and raised fears over how much this could slow the economy. The euro struggled to avoid dipping below parity with the safe-haven dollar. Sterling was …

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