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☆ Bank of England to leave rates on hold through mid-2024, cut in Q3
▼ + stars: | 2023-09-26 | by ( Shaloo Shrivastava | ) www.reuters.com time to read: +4 min

A pedestrian walks past the Bank of England in the City of London, Britain, September 25, 2023. Last week, the Bank surprised markets by not raising rates, sending sterling to a six-month low, but signalled rates would remain higher for longer. Still, over 40% of economists, 15 of 37, who answered an extra question said the BoE should hike rates again this year. Sixteen economists predicted Bank Rate at 5.00% in the third quarter, 10 forecast 4.75%, six said 4.50%, one expected 4.25% and one 3.75%. The European Central Bank was predicted to cut rates in the third quarter next year but the Federal Reserve might start in the second quarter, separate Reuters polls showed.

Persons: Hollie Adams, The BoE, BoE, James Smith, James Rossiter, Shaloo Shrivastava, Anitta Sunil, Purujit Arun, Jonathan Cable, Bernadette Baum Organizations: Bank of England, City of, REUTERS, Rights, Bank, Monetary, The, ING Financial Markets, TD Securities, European Central Bank, Federal Reserve, Thomson Locations: City, City of London, Britain

China property woes, geopolitical tensions and ongoing strikes also stoked worries about global growth. CENTRAL BANKSGlobal central banks take centre stage, with five of those overseeing the 10 most heavily traded currencies holding rate-setting meetings this week. A swathe of emerging market central banks such as Turkey and South Africa will also meet. In currency markets, the dollar drifted lower with the dollar index last down a touch at 105.24 but within sight of recent six-month highs. The euro gained about 0.1% to $1.0663, after slumping to a 3-1/2 month low of $1.0632 last week as the European Central Bank signalled its rate hikes could be over.

Persons: BOE, BOJ, France's, Taiwan's TSMC, Xi, James Rossiter, Rossiter, Marc Chandler, Goldman Sachs, Kazuo Ueda, Nell Mackenzie, Stella Qiu, Dhara, Philippa Fletcher, Alexander Smith Organizations: REUTERS, Staff, Societe Generale, China Evergrande, HK, Technology, Reuters, TD Securities, Japan's Nikkei, Brent, . West Texas, Federal Reserve, Bannockburn Global, CENTRAL, Global, Fed, Bank of England, Bank of Japan, Treasury, European Central Bank, Thomson Locations: Frankfurt, Germany, China, United States, Japan, Scandinavia, Switzerland, Britain, Asia, U.S, London, Bannockburn, Turkey, South Africa, Europe, SYDNEY

☆ Australia Indigenous referendum set to fail as support dips, poll shows
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

A Yes23 volunteer holds pamphlets while speaking with commuters about the upcoming Voice to Parliament referendum, in Melbourne, Australia August 30, 2023. Australians will vote in the referendum on Oct. 14, when they will be asked whether they support altering the constitution to set up an Indigenous committee to advise the federal parliament. The referendum requires a national majority of votes as well as a majority of votes in at least four of the six states in order to change the constitution. The survey, however, showed only the island state of Tasmania supported the Voice. The 'No' vote is strongest in Queensland and Western Australia with 61% set to reject the Voice.

Persons: James Ross, Anthony Albanese, Renju Jose, Lincoln Organizations: REUTERS Acquire, Rights, Voters, Sydney Morning Herald, Thomson Locations: Melbourne, Australia, Tasmania, New South Wales, Victoria, Australia's, Queensland, Western Australia, Sydney

☆ More than half of Australians oppose Indigenous panel in constitution, poll shows
▼ + stars: | 2023-09-03 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

[1/5] A Yes23 volunteer holds pamphlets while speaking with commuters about the upcoming Voice to Parliament referendum, in Melbourne, Australia August 30, 2023. AAP Image/James Ross via REUTERS Acquire Licensing RightsSYDNEY, Sept 4 (Reuters) - More than half of Australians would reject the inclusion of an Indigenous advisory panel in the constitution, a newspaper poll showed on Monday, as the government struggles to lift support for the landmark proposal ahead of a vote in about six weeks. The centre-left Labor government is under pressure to improve its messaging amid a steady fall in support for the referendum in opinion polls. On a two-party preferred basis, Labor still enjoys a lead of 53-47%, though that was down from 55-45% in the previous poll. Over the weekend, opposition leader Peter Dutton said he would hold a second referendum on Indigenous recognition if the Voice referendum fails but would not support a constitutionally-enshrined body, drawing criticism from the Voice support group.

Persons: James Ross, Anthony Albanese, Peter Dutton, " Albanese, Renju Jose, Shri Navaratnam Organizations: REUTERS Acquire, Rights, The Australian, Labor, Thomson Locations: Melbourne, Australia, Sydney

[1/5]A Yes23 volunteer holds pamphlets while speaking with commuters about the upcoming Voice to Parliament referendum, in Melbourne, Australia August 30, 2023. Some senior Liberal party leaders, however, have broken ranks and supported the Voice referendum. "The Voice delivers recognition and respect to Indigenous Australians in the manner they have sought," Turnbull said in an opinion piece in The Sydney Morning Herald on Wednesday. In the most recent referendum in 1999, Australians voted against changing the constitution to establish Australia as a republic. "I’m just trying to vote yes for the recognition of the real owners of Australia," Sydney resident Oscar Rodas, who was at one of the campaigns, told Reuters.

Persons: Albanese, SYDNEY, Anthony Albanese, Pat Anderson, Jacinta Nampijinpa Price, James Ross, Malcolm Turnbull, Turnbull, I’m, Oscar Rodas, Cordelia Hsu, Stephen Coates Organizations: Wednesday, Aboriginal, Torres Strait, First Nations Peoples, Liberal, REUTERS Acquire, Liberal Party, Sydney Morning Herald, Sydney, Reuters, Thomson Locations: Torres Strait, Adelaide, Torres, Australia, Canada, New Zealand, Melbourne, Lincoln

☆ Women’s World Cup: Italy Starts a 16-Year-Old, and Germany Leans on Its Experience
▼ + stars: | 2023-07-24 | by ( Juliet Macur | The New York Times | ) www.nytimes.com time to read: +16 min

Women’s World Cup: Italy Starts a 16-Year-Old, and Germany Leans on Its Experience Italy’s Giulia Dragoni became one of the youngest players ever to appear in the tournament. Credit... Hannah Mckay/Reuters Morocco’s presence at the Women’s World Cup already has yielded a string of notable moments. Italy vs. Argentina Italy reached the quarterfinals of the last World Cup, a solid result after a 20-year absence from the tournament. The Brazilian legend is appearing in her sixth World Cup at age 37, and still hoping to capture an ever-elusive title. The South Koreans have made it to the knockout stage once in three previous World Cup appearances, in 2015.

Persons: Giulia Dragoni, Morocco Asanka Brendon Ratnayake, Hannah Mckay, Morocco James Ross, Robert Cianflone, Hamish Blair, Argentina Phil Walter, Abbie Parr, David Rowland, Argentina Buda Mendes, Panama Bienvenido Velasco, Naomi Girma, Julie Ertz, Alyssa Naeher, Andrew Cornaga, Vlatko Andonovski, Ertz, Andonovski, Alana Cook, Girma, ” Girma, Becky Sauerbrunn, Sauerbrunn, ” Andonovski, Nouhaila, Nouhaila Benzina, Prince Ali bin al, Hussein, Benzina, Morocco’s, Reynald Pedros, Ghizlane, Chebbak, “ It’s, ”, Megan Rapinoe, Quinn, Pedros, Sam Kerr, Australia’s Sam Kerr, Darren England, Kyra Cooney, Kerr, “, Sam, ” Cooney, we’re, Sam’s, ZT8aF7puDp — Tracey Holmes, Cooney, Cristiana, Phil Walter, Marta, Pia Sundhage, Milena Bertolini, Little Messi, Chiara Beccari, Italy nabbed, Cristiana Girelli Organizations: Morocco, Reuters, Associated Press, Argentina, Getty, Panama, Group, Argentina Cristiana, Brazil Group, Vietnam, United States, Tokyo Olympics, Portugal, U.S, North, Germany, FIFA, Moroccan, BBC, ., Ireland, United, European Locations: Germany, Morocco, Reuters Germany, Reuters Morocco, Associated Press Italy, Italy, Associated Press Argentina, Reuters Italy, Argentina, Brazil, Panama, Alyssa Naeher ., United States, Ertz, Netherlands, United, Vietnam, Melbourne ., Arab, France, Moroccan, Melbourne, Brisbane, Australia, Nigeria, Colombia, South Korea, Argentina Italy

☆ US stock futures tip lower, yen stumbles and euro shines
▼ + stars: | 2023-06-28 | by ( Nell Mackenzie | ) www.reuters.com time to read: +4 min

“Maybe we’ll see some successes on inflation here and there, but it just won’t be enough,” said Rossiter. European inflation and rate hike hints from the Portugal meeting were also a focus for Tim Graf, head of EMEA macro strategy at State Street Global Advisors. “Recession probability models in the U.S. project a 55-70% to 65-70% probability we’ll get a recession in the next 12 months. Markets imply a 90% probability of an ECB rate hike to 3.75% in July and a peak around 4.0%. That underpinned the euro against the dollar at $1.095, while keeping it near a 15-year peak of 157.98 yen.

Persons: Jerome Powell, Kim Kyung, Christine Lagarde, Kazuo Ueda, ”, James Rossiter, Rossiter, Martins Kazaks, Tim Graf, they’re, we’ve, it’s, Graf, Masato Kanda, Brent Organizations: Federal, National Printing Bureau, Bank of Japan, REUTERS, Nvidia, Wall Street Journal, Commerce Department, Treasury, European Central Bank, TD Securities, ECB, Street Global Advisors, U.S . Locations: China, Tokyo, Japan, Portugal, “, Europe, London, U.S

The S&P 500 index (.SPX) rose 0.2%, the Dow Jones Industrial Average (.DJI) added 0.12%, and the Nasdaq Composite Index (.IXIC) climbed 0.28%. The pan-European STOXX 600 index (.STOXX) rose 0.37%, while MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was little changed. With major share markets all in the black, investors might think that stocks are set to rise further. Government bond yields - a proxy for borrowing rates - eased earlier after a European Central Bank (ECB) survey showed euro zone consumers had lowered their inflation expectations. Australia's central bank hiked rates by a quarter-point to 4.1% - an 11-year high - and warned that further increases might be required to ensure inflation is brought back under control.

Persons: Brendan McDermid, James Rossiter, Bitcoin, Nansen, Brent, Nell Mackenzie, Marc Jones, Dhara Ranasinghe, Mark Potter Organizations: New York Stock Exchange, REUTERS, Fed, ECB, SEC, Dow Jones, Nasdaq, Federal Reserve, Bank of America Securities, Treasury, European Central Bank, Canada, Securities Senior Global, U.S . Federal Reserve, Bank of, Aussie, Reserve Bank of, U.S . Securities, Exchange Commission, U.S, Thomson Locations: New York City, U.S, Asia, Pacific, Japan, Government, Australia's, Bank of Japan, Reserve Bank of Australia, Binance, Saudi Arabia

☆ Possible meteorite crashes through the roof of a New Jersey home, lands in bedroom still warm
▼ + stars: | 2023-05-10 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

A grapefruit-sized metallic object fell through the roof of a New Jersey home and dented the floor. Police who responded to the incident in Hopewell, New Jersey, believe the falling object may be a meteorite, possibly from the Eta Aquarids meteor shower, which peaked this weekend. The offending falling object, beside a dent it cracked in the hardwood floor. It's rare for these falling space rocks to hit buildings or people. He added that this falling object could be as old as the solar system: 4 to 5 billion years old.

☆ Asian markets take breather from banking turmoil, capping tumultuous week
▼ + stars: | 2023-03-17 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.9% on Friday, erasing earlier losses this week. S&P 500 futures eased 0.1% and Nasdaq futures were flat after major U.S. stock indices rallied hard on easing fear of a global banking crisis. This is a theme other central banks are likely to echo," said James Rossiter, head of global macro strategy at TD Securities. Yields were, however, headed for the steepest weekly decline since February 2020 when markets were thrown into chaos by COVID-19 fear. "The past week has provided an unwelcome reminder of the inherent fragility of banking systems," said analysts at Capital Economics in a note to client.

☆ Central banks are fighting a war on inflation. They're not done yet
▼ + stars: | 2023-01-31 | by ( Julia Horowitz | ) edition.cnn.com time to read: +6 min

London CNN —One of the main jobs of central banks is to keep prices under control, allowing households and businesses to plan for the future with some certainty on what things will cost. Tolga Akmen/EPA-EFE/ShutterstockPolicymakers face difficult questions about exactly when to pause interest rate hikes. The European Central Bank’s main rate is 2%, while the Bank of England’s is 3.5%. Still, investors are becoming increasingly confident that major central banks will change course soon. “Central banks are relatively close to the end,” Sels said.

☆ Falling stocks and bruised dollar reel from BOJ's surprise policy shift
▼ + stars: | 2022-12-20 | by ( Nell Mackenzie | ) www.reuters.com time to read: +3 min

LONDON, Dec 20 (Reuters) - World stocks slid on Tuesday after a policy tweak by Japan's central bank rattled investors already worried about the economic fallout of rising interest rates and untameable inflation. The policy decision caused an immediate spike in the yen, with the dollar index dropping 0.80% to 103.95, a six-month low. Japanese 10-year government bond yields surged to their highest level since 2014, with euro zone yields following suit. This knocked other currencies from recent gains, with both the euro and pound falling more than 3.5% against the yen. In the oil market, Brent crude rose 0.20% to $79.95 per barrel, while U.S. crude rose 1.3% to $76.19.

☆ Stocks, bonds fall as BOJ's surprise policy shift spooks investors
▼ + stars: | 2022-12-20 | by ( Nell Mackenzie | ) www.reuters.com time to read: +3 min

The Bank of Japan (BOJ) widened the allowable band for long-term yields to 50 basis points either side of its 0% target, from 25 basis points previously. European stock markets hit six-week lows, with the German (.GDAXI) and French benchmark indices (.FCHI) falling by as much as 1%, while London's FTSE 100 (.FTSE) lost as much as 0.8%. Japanese 10-year government bond yields surged to their highest since 2014, with euro zone yields following suit. The policy decision caused an immediate spike in the yen with the dollar index dropping 0.80% to 103.95, a six-month low. Credit Suisse on Monday upgraded its outlook from neutral to outperform for China's stock markets in the year ahead.

☆ World stocks in upbeat spirits, Fed's Powell in the spotlight
▼ + stars: | 2022-11-30 | by ( Dhara Ranasinghe | Foo Yun Chee | ) www.reuters.com time to read: +4 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 29, 2022. REUTERS/StaffLONDON, Nov 30 (Reuters) - World equity markets rallied on Wednesday and focus turned to Jerome Powell, who speaks later in the day in what will be the U.S. Federal Reserve chief's last opportunity to steer sentiment ahead of the Fed's December meeting. European stock markets rallied (.STOXX) and U.S. equity futures pointed to a firm start for Wall Street , . MSCI's broadest gauge of Asia Pacific stocks outside Japan (.MIAPJ0000PUS) rallied more than 1% to its highest since September. Hong Kong's Hang Seng Index rallied more than 2% (.HSI), although Japan's blue-chip Nikkei fell 0.2% (.N225).

☆ Pound to dollar: The pound's crash will make inflation worse
▼ + stars: | 2022-09-26 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

Consequently, the Bank of England will come under pressure to jack up interest rates further and faster. It has been sharply critical of the UK government’s proposals. Why a plunging pound is bad newsThe pound hit a record low against the dollar on Monday, dropping near $1.03 before recovering to almost $1.07. Investors expect the Bank of England will need to increase interest rates much more aggressively to get inflation in check. The central bank has given no indication it will hike interest rates outside its normal schedule of meetings.

☆ The pound’s crash will make inflation worse and push interest rates higher
▼ + stars: | 2022-09-26 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

Consequently, the Bank of England will come under pressure to jack up interest rates further and faster. It has been sharply critical of the UK government’s proposals. Investors expect the Bank of England will need to increase interest rates much more aggressively to get inflation in check. The central bank has given no indication it will hike interest rates outside its normal schedule of meetings. “If markets still don’t have faith in the fiscal picture, I’m not sure how the Bank of England wins this,” Rossiter said.

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