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☆ India rupee to receive help from pullback in oil, traders eye US inflation
▼ + stars: | 2023-10-12 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, India, August 13, 2018. REUTERS/Francis Mascarenhas/File photo Acquire Licensing RightsMUMBAI, Oct 12 (Reuters) - The Indian rupee on Thursday will be boosted by the pullback in oil prices and softer U.S. Treasury yields, while investors wait for the important U.S. inflation data due later in the day. India's inflation data is due after market hours. Meanwhile, headline U.S. consumer inflation index (CPI) is expected to rise 0.3% month-on-month. "Today’s U.S. CPI inflation may surprise like yesterday’s PPI inflation," DBS Research said in a note.

Persons: Francis Mascarenhas, Brent, Nimesh Vora, Mrigank Organizations: REUTERS, Rights, Treasury, Reuters, Federal Reserve, Fed, CPI, DBS Research, Brent, Thomson Locations: Mumbai, India, Rights MUMBAI, Asia, U.S

☆ Investors hope U.S. job numbers give Fed less reason to hike
▼ + stars: | 2023-10-06 | by ( Huw Jones | ) www.reuters.com time to read: +4 min

Although the MSCI All-Country stock index (.MIWD00000PUS) was 0.2% higher, it has lost about 8% since its July peak, leaving it about 7% ahead for the year. We are talking about the duration, rather than higher rates," Spencer said. The dollar index is up 12 weeks in a row, equalling a streak that ran from July to October 2014. The dollar index was steady on Friday at 106.38. Gold was also steady at $1,821 an ounce after nine days of losses driven by rising global bond yields.

Persons: Brendan McDermid, Nonfarm, Patrick Spencer, RW Baird, Spencer, YEN, Kyle Rodda, Huw Jones, Tom Westbrook, Shri Navaratnam, Clarence Fernandez, Chizu Organizations: New York Stock Exchange, REUTERS, Federal, Treasury, Global, Analysts, Tokyo's Nikkei, London, Thomson Locations: New York City, U.S, Europe, Asia, Pacific, Japan

☆ Top U.S. leaders and their unexplored family connections to slavery
▼ + stars: | 2023-10-04 | by ( Reuters Staff | ) www.reuters.com time to read: 1 min

At a time of renewed debate over slavery and its legacy, many of today’s U.S. leaders have staked key positions on policies related to race. Reuters sought to determine how many of those political elites descend from slaveholders, and what it means for them to learn – in personal, specific and sometimes graphic ways – the facts behind their own family’s part in slavery.

Organizations: today’s, Reuters Locations: today’s U.S

[1/2] The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. Investor attention will be squarely on the July U.S. non-farm payrolls report, with a Reuters survey of 80 economists expecting payrolls to have increased by 200,000 last month, after rising 209,000 in June. "Today’s U.S. payrolls data is likely to continue to showcase the resilience of the U.S. economy," Michael Hewson, chief market analyst at CMC Markets, said in a note. The dollar meanwhile rose 0.1% against a basket of major currencies , heading for its third weekly gain in a row. Oil prices headed for a sixth straight weekly gain, driven up by the prospect of reduced supply from Saudi Arabia and Russia.

Persons: Toby Melville, payrolls, Michael Hewson, Germany's DAX, Francesco Sandrini, Fitch, Brent, Ankur Banerjee, Muralikumar Anantharaman, Kirsten Donovan, Alexander Smith Organizations: London Stock Exchange Group, City of, REUTERS, Treasury, U.S . Federal, CMC Markets, FTSE, Nasdaq, Apple, Bank of England, U.S ., U.S . Treasury, Thomson Locations: City, City of London, Britain, U.S, United States, Saudi Arabia, Russia, Singapore

BEIJING, March 31 (Reuters) - Oil prices ticked down in Asian trade on Friday as bullish sentiment about Chinese demand and potential Middle Eastern supply disruptions was tempered by uncertainty over U.S. economic data to be released later in the day. U.S. West Texas Intermediate (WTI) crude fell by 22 cents, or -0.3%, to $74.15, having gained about 8% this week. Markets are now waiting for U.S. spending and inflation data on Friday and the resulting impact on the U.S. dollar. "Disappointing data may cause concerns about Fed policy again and cap the recent gains," she added. The U.S. Energy Information Administration said U.S. crude oil stockpiles fell unexpectedly in the week to March 24 to a two-year low.

BEIJING, March 31 (Reuters) - Oil prices were very slightly down in Asian morning trade on Friday as bullish sentiment about Chinese demand and potential Middle Eastern supply disruptions was tempered by uncertainty over U.S. economic data on Friday. Markets are now waiting for U.S. spending and inflation data on Friday and the resulting impact on the U.S. dollar. Industrial activity in China has become a key determinant of prices in recent weeks after its ending of coronavirus-related restrictions, amid weaker global demand. Oil prices are set to cap a second straight week of gains after the largest bank failure after the 2008 financial crisis spooked traders and roiled markets. The U.S. Energy Information Administration said U.S. crude oil stockpiles fell unexpectedly in the week to March 24 to a two-year low.

Bonds also rose, mirroring hopes of a softer inflation report, and the U.S. dollar was near seven-month lows against a basket of currencies. Europe's STOXX 600 (.STOXX) equity benchmark index rose 0.6% to its highest since April 2022. Roberto Lottici, portfolio manager at Banca Ifigest, said he was concerned markets could potentially even react negatively to any big downside surprise in the U.S. CPI data. Foreign exchange markets elsewhere were quieter ahead of the U.S. CPI data while China's reopening kept a bid under Asia's currencies. The dollar index eased 0.1% to 103.06, not far from a seven-month low of 102.93 hit this week.

☆ Boardrooms will rediscover the value of gray hair
▼ + stars: | 2022-12-29 | by ( John Foley | ) www.reuters.com time to read: +3 min

To firms keen to avoid repeating past mistakes, the graying of the Western workforce may not be a bad thing in 2023. The share of European over-55s in jobs grew to 20% in 2019, from 12% in 2014, according to official data. The typical incoming CEO is 55, a decade older than the average in 2005, according to Crist Kolder Associates. Money markets are pricing in U.S. rates of 5% by the summer. Financial markets will always love the next new thing, but for the time being, gray is good.

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