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☆ Dollar eases as Fed clues awaited; bitcoin hits 2-year high
▼ + stars: | 2024-03-04 | by ( ) www.cnbc.com time to read: +3 min

U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023. The U.S. dollar drifted weaker on Monday, pressured by lower Treasury yields, as traders waited for more crucial economic data for fresh clues on the timing of Federal Reserve interest rate cuts. The U.S. dollar drifted weaker on Monday, pressured by lower Treasury yields, as traders waited for more crucial economic data for fresh clues on the timing of Federal Reserve interest rate cuts. The euro was firm following Friday's 0.33% advance, with a European Central Bank, or ECB, policy decision looming on Thursday. That also weighed on Treasury yields, removing additional support for the dollar, with the benchmark 10-year yield sliding as low as 4.178% for the first time in two weeks.

Persons: Bias, Jerome Powell's, Kazuo Ueda, Hajime Takata, Christine Lagarde's, Bitcoin Organizations: U.S, European Central Bank, Bank of, Treasury, Congress, Westpac, ECB Locations: Buenos Aires, Argentina

☆ IPSO: High dissatisfaction with Lagarde's leadership style
▼ + stars: | 2024-01-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIPSO: High dissatisfaction with Lagarde's leadership styleCarlos Bowles, vice-president of the European Central Bank's staff union, discusses the latest employee survey.

Persons: Carlos Bowles Organizations: European Central Bank's

☆ Dollar hovers near 6-week high on Fed view; yen edges up after BOJ
▼ + stars: | 2024-01-24 | by ( ) www.cnbc.com time to read: +4 min

The Japanese yen , though, ticked higher as expectations rose for a stimulus exit as soon as March, following hawkish comments from the Bank of Japan on Tuesday. "We have seen ECB (European Central Bank) officials push back on rate cut expectations as well, in line with the Federal Reserve." The dollar declined 0.17% to 148.085 yen, after swinging from as low as 146.99 and as high as 148.70 on Tuesday. The Bank of Canada meets on policy on Wednesday, and is expected to leave its key overnight rate unchanged at a 22-year high of 5%. Traders have unwound bullish positions built up in anticipation of U.S. approval of the country's first spot bitcoin exchange traded fund (ETF).

Persons: Mary Daly, Christopher Waller, James Kniveton, Christine Lagarde's, Sterling, Kazuo Ueda, China's, cryptocurrency, Bitcoin Organizations: Federal Reserve, Bank of Japan, U.S, San Francisco Fed, ECB, European Central Bank, Bank of England, Bank of Canada, Bloomberg, Traders Locations: U.S

☆ European Central Bank staff slam Lagarde's leadership in union survey
▼ + stars: | 2024-01-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

European Central Bank President Christine Lagarde received a harsh assessment in a union-run employee survey, with some staff accusing her of fostering a negative atmosphere and focusing on her own career. Many respondents said Lagarde spends "too much time on topics unrelated to monetary policy" and forays too often into political discussion, the ECB union IPSO said alongside the results released Monday. Just over half of the nearly 1,100 respondents rated Lagarde's performance so far as "very poor" or "poor." The survey was conducted between Dec. 12 and Dec. 22, 2023, around the mid-point of Lagarde's eight-year term. The former International Monetary Fund chief and French finance minister took on the job spearheading euro zone monetary policy in November 2019.

Persons: Christine Lagarde, Lagarde, IPSO Organizations: European Central Bank, ECB, International Monetary Fund

☆ Euro zone inflation tumble pits ECB against markets
▼ + stars: | 2023-11-30 | by ( Balazs Koranyi | ) www.reuters.com time to read: +5 min

Inflation has dropped quickly towards the ECB's 2% target from levels above 10% just a year ago but policymakers have cautioned against excessive optimism. The rapid inflation slowdown puts the euro zone central bank and investors on a collision course as the two appear to see greatly different paths ahead, both for consumer prices and ECB interest rates. "And if the recent trends in inflation and growth continue then 2024 will be the year when the ECB implements a pirouette in monetary policy." "The market is therefore right to start looking at rate cuts for 2024. Some economists argue that modelling current inflation is exceptionally difficult because corporate profits are the main driver, not wages as in normal bouts of rapid inflation.

Persons: Sarah Meyssonnier, Kamil Kovar, Yannis Stournaras, Fabio Panetta, Panetta, Christine Lagarde's, Bert Colijn, Balazs Koranyi, Catherine Evans Organizations: REUTERS, ECB, Moody's, Bank of Italy, ING, Thomson Locations: Paris, France, FRANKFURT

The dollar index , which measures the currency against six major peers, slipped 0.1% to 103.37 and was headed for a monthly loss of more than 3%, its worst performance since November 2022. The market is also eyeing a rate decision from the Reserve Bank of New Zealand and Chinese purchasing managers' index (PMI) data. In other currencies, the euro was little changed against the dollar at $1.0937 . Against the yen, the dollar fell 0.4% to 148.885 yen . The dollar extended losses after data showed U.S. new home sales fell more than expected in October, dropping 5.6% to a seasonally-adjusted annual rate of 679,000 units.

Persons: ECB's Lagarde, Helen, Christine Lagarde's, Gertrude Chavez, Dreyfuss, Samuel Indyk, Rae Wee, Toby Chopra, Mark Potter, Paul Simao Organizations: U.S, Federal Reserve, Monex USA, Fed, European Central Bank, Bank of England, Reserve Bank of New, Australian, greenback, New, Thomson Locations: U.S, Washington, OPEC, Australia, Reserve Bank of New Zealand, New Zealand, China, New York, London, Singapore

☆ Morning Bid: Watching what the ECB giveth
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Vidya Ranganathan. The forward-looking flash November PMIs due out globally should help investors assess recession risks and how quickly rate cuts will begin. Interest rate futures show the market is pricing in rate cuts by April and more aggressively so in June . Later on Thursday, Sweden's central bank will announce its latest policy decision in what is expected to be a very close call on whether to hike again. A Reuters poll showed 10 of 19 economists looked for a rise, while market pricing is leaning against a move.

Persons: Vidya Ranganathan, haven't, Mario Centeno, Joachim Nagel's, Christine Lagarde's, Jeremy Hunt's, Van Haaren, ECB's Isabel Schnabel, Robert Holzmann, Francois Villeroy de, Edmund Klamann Organizations: Vidya, European Central, PMI, ECB, Reuters, Ubezpieczen SA, Virgin Money, Bank of France, Thomson Locations: Japan, United States, Britain, U.S, Sweden's

☆ I got run over by a train – twice
▼ + stars: | 2023-10-28 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Sarah de Lagarde had to have an arm and a leg amputated after two London Underground trains hit her. Her daughter now takes public transport and de Lagarde says she's "sick to my stomach" every time. The train departed and crushed my right arm. AdvertisementAdvertisementA second train came into the station and crushed my right leg below the knee. Beyond that, how can I give money to Transport for London when they have taken no responsibility and offered no financial compensation?

Persons: Sarah de Lagarde, She'd, Lagarde, —, Sarah de Lagarde's, Tori Ferenc, It's, it's, Nick Dent, Sarah De Lagarde, Sarah Hope, Dent, Elizabeth Organizations: London, Service, Transport, TfL, High Barnet Locations: Madeira, London, High

☆ ECB breaks record streak of rate hikes as economy weakens
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. REUTERS/Heiko Becker/File Photo Acquire Licensing RightsATHENS, Oct 26 (Reuters) - The European Central Bank broke the longest streak of interest rate hikes in its 25-year history on Thursday, saying the latest data continued to point to inflation slowly coming down to its 2% target. "The Governing Council’s past interest rate increases continue to be transmitted forcefully into financing conditions," the ECB said. This sharp policy tightening is leaving a mark on the economy, with data earlier this week showing weak credit creation and economic activity. ($1 = 0.9480 euros)Reporting By Leftheris Papadimas Writing by Francesco Canepa Editing by Catherine EvansOur Standards: The Thomson Reuters Trust Principles.

Persons: Heiko Becker, Christine Lagarde's, Francesco Canepa, Catherine Evans Organizations: European Central Bank, REUTERS, Rights, ECB, Thomson Locations: Frankfurt, Germany

In the United States, the manufacturing sector pulled out of a five-month contraction on a pickup in new orders, and services activity accelerated modestly amid signs of easing inflationary pressures. HEADACHE FOR THE ECBIn the euro zone, business activity drooped as demand fell in a broad-based downturn across the region, causing the bloc to enter the fourth quarter on the wrong foot and suggesting it may slip into recession. "The flash PMIs mark a poor start to October for the euro zone, especially after showing some early signs of recovery in September," said Rory Fennessy at Oxford Economics. Suggesting a recession is well underway in Germany, Europe's largest economy, business activity contracted there for a fourth straight month as the downturn in manufacturing was matched by a renewed decline in services, its PMI showed. In France, the euro zone's second-largest economy, business activity remained in contraction territory in October, PMI data showed, improving just slightly from September's near three-year low.

Persons: Rebecca Cook, Chris Williamson, Christine Lagarde's, Rory Fennessy, Williamson, Ajay Banga, Dan Burns, Jonathan Cable, Lindsay Dunsmuir, Andrea Ricci Organizations: Ford Rouge Electric Vehicle, REUTERS, P Global, Composite, Federal, Commerce Department, Reuters, P, P Global Market Intelligence, P Global PMI, September's, European Central Bank, Oxford Economics, PMI, European Union, Bank of, Palestinian, Hamas, Thomson Locations: Dearborn , Michigan, U.S, United States, joblessness, Germany, Europe's, France, September's, Britain, Gaza, Ukraine

☆ I lost 2 limbs in an accident on the London Underground a year ago. I still feel sick to my stomach when my 12-year-old daughter takes the Tube.
▼ + stars: | 2023-10-10 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Sarah de Lagarde had to have an arm and a leg amputated after two London Underground trains hit her. Her daughter now takes public transport and de Lagarde says she's "sick to my stomach" every time. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Beyond that, how can I give money to Transport for London when they have taken no responsibility and offered no financial compensation?

European Central Bank (ECB) President Christine Lagarde speaks to the media following the Governing Council's monetary policy meeting at the ECB headquarters in Frankfurt, Germany, July 27, 2023. Lagarde stigmatised the leak at the start of the two-day meeting, a criticism that was echoed by several colleagues. But as borrowing costs were pushed higher, more policymakers expressed reservations about further hikes, the sources said. Lagarde has spared no effort in trying to woo her colleagues. In return, she asked for governors to stop trashing policy decisions once taken, keep internal disputes out of the media and put their phones away while colleagues were speaking.

Persons: Christine Lagarde, Kai Pfaffenbach, Mario Draghi, Claudia Buch, Andrea Enria, Lagarde's, Lagarde, Weeks, Draghi, Francesco Canepa, Mike Harrison Organizations: European Central Bank, ECB, REUTERS, SANTIAGO DE, Central Bank, Reuters, Governing Council, Single, Thomson Locations: Frankfurt, Germany, FRANKFURT, SANTIAGO, SANTIAGO DE COMPOSTELA, Draghi

☆ European shares rise as fresh Chinese measures lift mood, tech stocks rally
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +1 min

The German share price index DAX graph is pictured as the German index celebrates its 35th birthday at the stock exchange in Frankfurt, Germany, August 15, 2023. By 0710 GMT, the pan-European STOXX 600 (.STOXX) added 0.7% after posting its first weekly gain in four. Technology stocks (.SX8P) advanced 1.5%, their first climb in three sessions, tracking an overnight rally on Wall Street. Meanwhile, interest rate expectations in the euro zone remained tepid following the European Central Bank President Christine Lagarde's speech late on Friday at the Jackson Hole symposium. Reporting by Shashwat Chauhan in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: Hermes, Christine Lagarde's, Shashwat Chauhan, Dhanya Ann Thoppil Organizations: REUTERS, Staff, Beijing, Technology, European Central Bank, Thomson Locations: Frankfurt, Germany, China, United Kingdom, Bengaluru

☆ ECB’s Lagarde says interest rates to stay high as long as needed to defeat inflation
▼ + stars: | 2023-08-26 | by ( ) www.cnbc.com time to read: +2 min

Interest rates in the European Union will need to stay high "as long as necessary" to slow still-high inflation, Christine Lagarde, president of the European Central Bank, said Friday. "While progress is being made," she said, "the fight against inflation is not yet won." Lagarde's remarks, at an annual conference of central bankers in Jackson Hole, Wyoming, came against the backdrop of the ECB's efforts to manage a stagnating economy with still-high inflation. The central bank has raised its benchmark rate from minus 0.5% to 3.75% in one year — the fastest such pace since the euro was launched in 1999. "If we also face shocks that are larger and more common — like energy and geopolitical shocks — we could see firms passing on cost increases more consistently," Lagarde said.

Persons: Jerome Powell, Christine Lagarde, Kazuo Ueda, Lagarde Organizations: European Central Bank, Bank of Japan, Kansas City Federal, European Union Locations: Jackson Hole , Wyoming, European, Ukraine

☆ Gold eases as U.S. dollar jumps, spotlight on Powell's speech
▼ + stars: | 2023-08-25 | by ( ) www.cnbc.com time to read: +1 min

Spot gold eased 0.2% to $1,913.90 per ounce by 0323 GMT, while U.S. gold futures shed 0.3% to $1,942. "The stronger U.S. dollar is clearly acting as a headwind for gold." The U.S. dollar raced for its sixth straight weekly gain, making bullion more expensive for overseas buyers. SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings fell further on Thursday and were at their lowest since January 2020. Palladium was set for a second straight weekly decline.

Persons: Jerome Powell, Powell, Christine Lagarde's, Matt Simpson Organizations: U.S ., Federal, Treasury, European Central Bank, Trust Locations: U.S, Jackson Hole , Wyoming

☆ US dollar slips as traders cautious before Fed's Jackson Hole symposium
▼ + stars: | 2023-08-21 | by ( Laura Matthews | ) www.reuters.com time to read: +3 min

The Japanese yen , which is on intervention watch, weakened 0.55% versus the greenback at 146.21 per dollar, with analysts now seeing the threshold for intervention at around 150 per dollar. Meanwhile, the offshore yuan , also on watch for intervention, rose 0.3% versus the greenback at 7.2853 per dollar. Jane Foley, head of FX strategy at Rabobank in London, said a firm dollar is problematic for both central banks since "it threatens to expose both currencies to undesirable weakness." His comments may set the direction for U.S. Treasury yields, which have driven the rise in the dollar in recent weeks. "If Powell stays on the theoretical side of things, that might lower implied volatility of the dollar and lead to a smaller reaction."

Persons: Dado Ruvic, Jackson, Sahota, Jane Foley, Jerome Powell, Karl Schamotta, Christine Lagarde, Powell, Laura Matthews, Samuel Indyk, Tom Westbrook, Kirsten Donovan, Mark Potter, Will Dunham, Jonathan Oatis Organizations: REUTERS, U.S, U.S . Federal, FX, Fed, Reuters, Rabobank, Treasury, European Central Bank, Thomson Locations: U.S ., , Wyoming, San Francisco, China, London, United States, Wyoming, Toronto, New York, Singapore

☆ ECB raises key rate to historic high, keeps options open
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, July 26 (Reuters) - The European Central Bank raised its deposit rate to a historic high on Thursday and kept its options open on whether more increases will be needed to bring down inflation against a worsening economic backdrop. "The Governing Council’s future decisions will ensure that the key ECB interest rates will be set at sufficiently restrictive levels," the ECB said. In its June statement, the ECB had said rates would "be brought" to sufficiently restrictive levels, implying more rises. The ECB has now increased borrowing costs by a combined 4.25 percentage points in a year, its fastest pace on record. Both facilities have been little used as the banking system is still awash with cash from a decade of monetary stimulus by the ECB.

Persons: Christine Lagarde's, Francesco Canepa, Catherine Evans Organizations: European Central Bank, ECB, Thomson Locations: FRANKFURT

☆ ECB Lagarde's speech fails to address balance sheet reduction measures: S&P Global Ratings
▼ + stars: | 2023-06-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailECB Lagarde's speech fails to address balance sheet reduction measures: S&P Global RatingsSylvain Broyer, Chief Economist EMEA at S&P Global Ratings discusses their forecasts for ECB hikes and Lagarde's speech on tackling inflation.

Persons: Sylvain Broyer Organizations: ECB

☆ Morning Bid: Beijing leaves market guessing on yuan
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +3 min

The People's Bank of China seems to like being enigmatic, throwing the market a curve ball as it fixed the yuan weaker against the dollar than many expected. Dealers had thought the firmer fix on Tuesday meant Beijing was signalling it wanted the yuan's fall to slow, or even stop. The result has been a drop in the offshore yuan back toward Monday's trough, while the market waits for some clarity on Beijing's intentions. Malaysia is set to be the latest to intervene to support its currency, and Japan sounds closer to pulling the trigger every day. Still, the market is clearly betting the yen will keep falling unless, and until, the Bank of Japan backs away from its yield curve policy.

Persons: Wayne Cole, Ueda, Lagarde, it's, That's, Christine Lagarde, Fed's Jerome Powell, Kazuo Ueda, Andrew Bailey, Edmund Klamann Organizations: People's Bank of, Dealers, Wall, Journal, Ministry of Finance, Bank of Japan, Bank's, OECD, Bank of England, Thomson Locations: Wayne, People's Bank of China, Beijing, Monday's, Washington, China, Asia, Malaysia, Japan, Bank's Sintra, Sintra , Portugal

☆ Wall Street rallies, dollar softens after solid economic data
▼ + stars: | 2023-06-27 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

REUTERS/Brendan McDermidNEW YORK, June 27 (Reuters) - U.S. stocks moved sharply higher in a broad rally on Tuesday, and the dollar softened as robust economic data eased recession fears and stoked investors' risk appetite. "The economic data today was particularly strong," said Thomas Martin, senior portfolio manager at GLOBALT Investments in Atlanta. Emerging market stocks rose 0.58%. U.S. Treasury yields edged higher as solid economic data calmed recession jitters. Crude prices slid after U.S. economic indicators surprised to the upside, ahead of energy demand data expected later in the session.

Persons: Brendan McDermid, Thomas Martin, Martin, Jerome Powell's, Christine Lagarde, Lagarde, Brent, Stephen Culp, Elizabeth Howcroft, Chizu Nomiyama, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Nasdaq, U.S, GLOBALT Investments, Financial, European Central Bank, ECB, Dow Jones, Japan's Nikkei, Treasury, Thomson Locations: New York City, U.S, Atlanta, China, Asia, Pacific, Japan, London

☆ ECB raises rates to 22-year high and signals more to come
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, June 15 (Reuters) - The European Central Bank raised interest rates for the eighth successive time as expected on Thursday and signalled further policy tightening, as it battles high inflation. "The Governing Council’s future decisions will ensure that the key ECB interest rates will be brought to levels sufficiently restrictive to achieve a timely return of inflation to the 2% medium-term target," the ECB said after lifting the deposit rate by 25 basis points to a 22-year high of 3.5%. But the labour market remains tight, nominal wage growth is quick and underlying price pressures, particularly for services, appear to be stubbornly high. Prior to Thursday's decision, markets had priced in another 25 basis point ECB rate hike in July or September and saw a moderate chance of another move later this year, perhaps in September or October. Attention now turns to ECB President Christine Lagarde's 1245 GMT news conference.

Persons: Christine Lagarde's, Balazs Koranyi, Catherine Evans Organizations: European Central Bank, ECB, Staff, U.S . Federal Reserve, Thomson Locations: FRANKFURT

☆ Morning Bid: The ECB won't throw a curve ball
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

It's a given the ECB will deliver its eighth straight rate hike of 25 bps, and confirm that the pace of quantitative tightening will pick up. They might hike again in July and September, is the broad view, putting the inflation battle ahead of the growth slowdown. Macro forecasts are also due but are unlikely to change ECB President Christine Lagarde's determination and view that "there is no clear evidence that underlying inflation has peaked". Reuters GraphicsNever say never, but ING believes markets are "priced to perfection" for the ECB, with at least two rate rises, including Thursday's, in the price. In Asia, Japan's stock market (.N225) continued to scale fresh 33-year highs, while China's economy continued to underwhelm.

Persons: Vidya Ranganathan, It's, Christine Lagarde's, Jerome Powell, Hafize Gaye, Bank of England's Jon Cunliffe, Edmund Klamann Organizations: Vidya, European, ECB, ING, Fed, Bank of England's, Thomson Locations: U.S, Asia, China, Turkey, Brussels

☆ ECB's Lagarde sees no peak in core inflation despite 'moderation'
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +2 min

[1/2] European Central Bank President Christine Lagarde walks on the day of addressing the European Parliament's Committee on Economic and Monetary Affairs, at the European Parliament, in Brussels, Belgium June 5, 2023. REUTERS/Yves HermanFRANKFURT, June 5 (Reuters) - European Central Bank President Christine Lagarde on Monday acknowledged "signs of moderation" in core inflation in the euro zone but reaffirmed it was too early to call a peak in that key gauge of price growth. Lagarde's comments were likely to cement market expectations for more interest rate increases from the ECB this month and the next despite a sharp fall in inflation last month. "The latest available data suggest that indicators of underlying inflationary pressures remain high and, although some are showing signs of moderation, there is no clear evidence that underlying inflation has peaked," Lagarde told European lawmakers. Lagarde conceded that the effects of past rate hikes "were starting to materialise" and were likely to "strengthen in the coming years".

Persons: Christine Lagarde, Yves Herman FRANKFURT, Lagarde, Francesco Canepa, Balazs Koranyi, Bernadette Baum Organizations: European Central Bank, European Parliament's, Economic, Monetary Affairs, REUTERS, Central Bank, ECB, Thomson Locations: Brussels, Belgium

☆ Euro steadies after Lagarde promises rate hike as inflation still too high
▼ + stars: | 2023-06-01 | by ( Joice Alves | ) www.reuters.com time to read: +3 min

LONDON, June 1 (Reuters) - The euro held its ground on Thursday, above a two-month low, after European Central Bank (ECB) President Christine Lagarde said inflation remains too high and further policy tightening was necessary. But the current level is still more than three times the ECB's 2% inflation target. "Today, inflation is too high and it is set to remain so for too long," Lagarde said in a speech. Money markets are pricing in an 85% chance of a 25 bps hike when the ECB meets on June 15. Another 25 bps hike is expected in July, according to Refinitiv.

Persons: Christine Lagarde, Lagarde, Simon Harvey, Luis de Guindos, Carol Kong, Joice Alves, Rae Wee, Simon Cameron, Moore, Sharon Singleton, Andrew Heavens Organizations: European Central Bank, ECB, Reserve, U.S . House, Fed, U.S, Democratic, Commonwealth Bank of Australia, Thomson Locations: Europe, London, Singapore

☆ Morning Bid: Not so fast, debt ceiling bulls!
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Kevin BucklandYou didn't think it would be that easy, did you? Investors are on edge after equities and the dollar got knocked back Friday, when Republican negotiators unexpectedly walked out of debt ceiling talks. Discussions now seem to be back on track, with President Joe Biden due to meet House Republican Speaker Kevin McCarthy later today. Another potential boost comes from the PBOC's assessment that the fundamentals of China's economic stability and long-term improvement have not changed. Luis de Guindos and Philip Lane are among Lagarde's ECB colleagues on speaking duty today.

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