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Top related persons:
Stefan Koopman - 4 Jonathan Cable - 3 BoE - 2 Ross Finley - 2 Aditi Verma - 2 Anitta Sunil - 2 Joshua Warner - 1 Wells Fargo - 1
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Bengaluru BENGALURU J.P British Britain Investec
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Rabobank - 4 Thomson - 4 Bank of England - 3 Bank - 2 Microsoft - 1 Dow - 1 Nasdaq - 1 Wall - 1

Search resuls for: "Stefan Koopman"


7 mentions found


☆ Futures slip as Big Tech results roll in; Fed in focus
  + stars: | 2023-07-26 | by ( Bansari Mayur Kamdar Johann M Cherian | Bansari Mayur Kamdar | Johann M Cherian | ) www.reuters.com   time to read: +3 min
SummaryCompanies Alphabet climbs on Q2 profit beatMicrosoft slides as AI spending grows faster than revenueFed's rate decision awaited at 2:00 p.m. Meta Platforms <META.O> rose 1.8% after Alibaba's cloud unit said it would support the Facebook owner's open-source AI model Llama. The Fed is expected to deliver a 25-basis point interest rate hike later in the day, though there is less clarity over what the central bank will do at subsequent meetings. ET, Dow e-minis were down 65 points, or 0.18%, S&P 500 e-minis were down 7.25 points, or 0.16%, and Nasdaq 100 e-minis were down 43.75 points, or 0.28%. Wells Fargo (WFC.N) climbed 2.8% after the bank's board authorized a new share buyback program of up to $30 billion.
Persons: Joshua Warner, Stefan Koopman, Wells Fargo, Bansari Mayur Kamdar, Johann M, Savio D'Souza, Anil D'Silva Organizations: Microsoft, Dow, Nasdaq, Wall, Google, NYSE, Facebook, Rabobank, Dow e, Federal Trade Commission, Thomson Locations: Bengaluru
☆ Bank of England rates set to peak at 5.75% by year-end: Reuters poll
  + stars: | 2023-07-25 | by ( Shaloo Shrivastava | ) www.reuters.com   time to read: +3 min
BENGALURU, July 25 (Reuters) - The Bank of England will raise its Bank Rate by a quarter-point to 5.25% on August 3, making borrowing the costliest since early 2008, and hike twice more by the year-end as price pressures persist, a Reuters poll showed. While the median peak rate forecast was 5.75%, nearly half of respondents, 29 of 61, still said 5.50%, the same as a June 26 poll. As recently as a June 14 poll, the consensus was for Bank Rate to peak at 5.00%. Predictions for Bank Rate at year-end were in a wide range. Asked where core inflation will be at year-end, nearly two thirds of respondents, 14 of 22, said slightly lower.
Persons: BoE, Bruce Kasman, Morgan, Stefan Koopman, Shaloo Shrivastava, Mumal Rathore, Pranoy Krishna, Rahul Trivedi, Jonathan Cable, Ross Finley, Barbara Lewis Organizations: Bank of England, Bank, Company, Rabobank, Thomson Locations: BENGALURU, J.P, British
☆ Bank of England to take Bank Rate to 5.50% over next two meetings: Reuters poll
  + stars: | 2023-06-26 | by ( Jonathan Cable | ) www.reuters.com   time to read: +3 min
Last week, the central bank surprised investors by raising interest rates half a percentage point, taking Bank Rate to 5.00%, and said there had been "significant" news suggesting persistently high inflation in Britain would take longer to fall. Bank Rate is now expected to peak at 5.50% next quarter following 25 basis point hikes at the BoE's August and September meetings, medians in the poll taken after the Bank's Thursday move showed. In a June 14 poll, policymakers were expected to draw a halt at 5.00% next quarter. "Are they going to be happy with just one more 25 basis points in August? Forty of 52 poll participants said the Bank would dial down the pace to 25 basis points on August 3 but gave a high median 40% chance of another 50 basis point lift.
Persons: James Smith, Stefan Koopman, Jonathan Cable, Aditi Verma, Anitta Sunil, Christina Fincher Organizations: Bank of England, Reuters, ING, Bank, Rabobank, Thomson Locations: Britain
☆ Bank of England to press on with rate hikes, peak at 5.00% in Q3
  + stars: | 2023-06-14 | by ( Jonathan Cable | ) www.reuters.com   time to read: +4 min
In December 2021 the BoE was one of the first major central banks to draw a line under its ultra-loose pandemic-era monetary policy. It has now raised borrowing costs by 440 basis points across 12 consecutive meetings in modest-sized rate rises. All 64 economists polled June 12-14 said the BoE would add another 25 basis points to Bank Rate on June 22, taking it to 4.75%. A majority of economists surveyed, 52 of 64, said Bank Rate will have peaked by end-August with the median forecast putting it at 5.00%. Although starting later, both the Fed and the European Central Bank have largely been raising rates in greater magnitudes than the BoE.
Persons: BoE, Ellie Henderson, BoE Governor Andrew Bailey, Jonathan Haskel, Catherine Mann, Megan Greene, Silvana Tenreyro, Stefan Koopman, Investec's Henderson, Jonathan Cable, Aditi Verma, Anitta Sunil, Ross Finley, Catherine Evans Organizations: Bank of England, Monetary, Committee, Rabobank, U.S . Federal, Fed, European Central Bank, Reuters, Thomson Locations: Investec
☆ London stocks fall as hot UK inflation data spurs rate-hike fears; Fed in focus
  + stars: | 2023-03-22 | by ( Shashwat Chauhan | ) www.reuters.com   time to read: +2 min
SummarySummary Companies UK inflation still in double-digit territoryReal estate stocks fall on rate-hike concernsBank stocks gain, help cut lossesFed decision awaited on Wednesday, BoE on ThursdayFTSE 100 down 0.2%, FTSE 250 off 0.3%March 22 (Reuters) - London's exporter-heavy FTSE 100 fell on Wednesday, with real estate stocks leading the retreat, as hotter-than-expected UK inflation data raised fears of more interest rate hikes and boosted the pound. The blue-chip FTSE 100 index (.FTSE) fell 0.2% after a near 2% bounce on Tuesday, with investors also waiting for the U.S. Federal Reserve's monetary policy decision later in the day. The pound rose sharply against the dollar after Britain's consumer price index (CPI) inflation unexpectedly rose to 10.4% in February. Real estate stocks fell (.FTUB3510) 2.2%, with British Land Company (BLND.L) down 4.2% after Morgan Stanley reduced its price target. ,Helping cut losses were banking stocks (.FTNMX301010), which gained 0.9% as fears of a crises appeared to ease.
☆ FTSE 100 tracks glum global sentiment ahead of BoE rate decision
  + stars: | 2022-12-15 | by ( Johann M Cherian | ) www.reuters.com   time to read: +2 min
SummarySummary Companies FTSE 100 down 0.7%, FTSE 250 off 0.6%Currys drops to bottom of FTMCHSBC slumps on shareholder's campaign for spinoffDec 15 (Reuters) - UK's export-driven FTSE 100 fell on Thursday, tracking glum global sentiment, while traders avoided bets on risky assets ahead of the Bank of England's monetary policy decision. The blue-chip FTSE 100 (.FTSE) fell 0.7%, while the FTSE 250 (.FTMC) shed 0.6% by 9:29 GMT. After the Fed's hawkish commentary on Wednesday, traders now await the BoE's monetary policy meeting at 1200 GMT. "The split within the Monetary Policy Committee could give a hawkish edge to the meeting. Besides the 50 basis point hike on Thursday, Koopman expects BoE's terminal rate to be 4.75% by mid-2023.
☆ Stocks dip as growth fears offset China COVID shift
  + stars: | 2022-12-07 | by ( Danilo Masoni | ) www.reuters.com   time to read: +5 min
"Now, concerns over economic growth seem to be overtaking those over inflation," he added. The darkening economic outlook initially drove safe-haven demand for the U.S. dollar and longer-dated bonds but these moves partially reversed by early afternoon in Europe. In foreign exchange markets, the U.S. dollar reversed initial gains, as traders weighed up an uncertain economic outlook. The U.S. dollar index fell 0.35% to 105.18 after hitting earlier in the session a near one-week high, trending closer to the June 2022 low of 104.10 hit on Monday. The Canadian dollar was steady at 1.365 per dollar ahead of an expected rate hike from the Bank of Canada later on Wednesday.
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