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Search resuls for: "Michelle Bullock"


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China rally runs on hope; bonds bet on slowdown
  + stars: | 2023-08-29 | by ( Tom Westbrook | ) www.reuters.com   time to read: +4 min
European futures rose 0.2% and FTSE futures rose 0.8% to point to a positive return from a day's holiday in London. SLOWINGElsewhere in Asia, investors' focus was on U.S. data that may determine whether or not interest rates need to rise further. U.S. Treasuries extended overnight gains, driving two-year yields down five basis points (bps) to 5% and 10-year yields down two bps to 4.1922%. The Australian dollar inched 0.3% higher to $0.6440, with incoming central bank governor Michelle Bullock due to speak later in the day. The yen remained pinned near Monday's 10-month low, for a loss of some 10% on the dollar this year.
Persons: Ryan Felsman, Michelle Bullock, Jason Xue, Sam Holmes, Kim Coghill Organizations: Foreigners, Treasury, Workers, of America, Financial, HK, Traders, Benchmark, Commonwealth Bank, Thomson Locations: China, Australia, SINGAPORE, Asia, Pacific, Japan, Hong Kong, London, U.S, Sydney . U.S, Shanghai
Morning Bid: Bonds droop as inflation cheer fades
  + stars: | 2023-08-11 | by ( ) www.reuters.com   time to read: +3 min
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 1, 2023. Perhaps ask your friendly bond dealer, as traders in the world's deepest market quickly got over their excitement at steadying inflation, which held at 0.2% month-on-month. Yields went up along the curve, even if markets took the risk of another rate hike next month down a little. Yet the U.S. dollar held gains made overnight and took the yen back near levels that prompted intervention last year. Stocks there were back under pressure during Friday, with Alibaba (9988.HK) handing back gains on its solid result and property stocks sliding.
Persons: Tom Westbrook, Stocks, Treasuries, Joe Biden, Philip Lowe, Michelle Bullock, Jacqueline Wong Organizations: REUTERS, Staff, U.S ., HK, Chevron, PPI, Thomson Locations: Frankfurt, Germany, Asia, untraded, Tokyo, China, HK, Australia, Woodside, WDS.AX, Europe, joblessness
SYDNEY, June 20 (Reuters) - Australia's unemployment rate needs to rise to help contain inflation and avoid higher interest rates and a deep recession, a top central banker warned on Tuesday, after data showed little loosening in a still drum-tight labour market. Reserve Bank of Australia (RBA) Deputy Governor Michelle Bullock said the jobless rate would need to rise to about 4.5% from the current rate of 3.6% to bring the economy back into balance, a rate still well below pre-pandemic levels. Indeed, Bullock also warned that if inflation were to become entrenched in people's expectations, that would mean higher rates and a larger rise in unemployment. "A deep and long-lasting recession would be likely, which would mean a substantial rise in the unemployment rate." Reporting by Stella Qiu; Editing by Jacqueline Wong & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.
Persons: Michelle Bullock, Bullock, Stella Qiu, Jacqueline Wong, Simon Cameron, Moore Organizations: SYDNEY, Reserve Bank of Australia, Ai Group, Thomson Locations: Newcastle
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