Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "U.S . Federal Reserve"


25 mentions found


HONG KONG (Reuters) - Asian stocks largely rallied on Tuesday, following Wall Street’s record highs overnight, though fresh worries about China’s property sector weighed on investors’ sentiments. China property stocks extended their losses in the afternoon sessions as another developer, Modern land, defaulted on a payment, adding to worries about spiralling effects of the debt crisis at China Evergrande Group. “However, we need to watch whether it will put on extra pressure on the Chinese property market when the property tax is rolled out. “Of the S&P 500 firms that have reported this season, the net surprise on earnings has been 13%. The Dow Jones Industrials and S&P 500 closed at record highs on Monday.
Persons: Issei Kato Europe, , Anderson Alves, Australia’s, Edison Pun, Dow Jones Industrials, Tesla Organizations: Reuters, SoftBank Corp, Nikkei, REUTERS, China Evergrande Group, CSI, Saxo Markets, U.S . Federal Reserve, Facebook, Apple Inc, Microsoft, ANZ Research, European Central Bank and Bank of Japan, Nasdaq, Treasury, Federal Reserve, Brent, U.S . West Texas Locations: HONG KONG, Tokyo, Japan, U.S, Asia Pacific, Hong Kong, China, Edison Pun ,, United States
Gold prices edged lower on Tuesday, weighed down by an uptick in the dollar as investors eye upcoming key central bank meetings this week. On Monday, the metal rose nearly 1% to a high of $1,809.66, only about $4 shy of an over one-month peak scaled last week. The dollar rose 0.1% on Tuesday, recovering from a near one-month trough hit during the previous session. Market participants eye meetings from the Bank of Japan and the European Central Bank (ECB) on Thursday. Neither of the central bank is likely to announce a change in policy, though the ECB might address how inflationary pressures could affect policy.
Persons: Silvana Tenreyro Organizations: Tordella, Brookes, Inc, Treasury, Bank of Japan, European Central Bank, U.S . Federal Reserve, Bank of England, Bank of Locations: Manfra, New York City, Iraq, Bank of England
Bank of Canada Governor Tiff Macklem takes part in an event at the Bank of Canada in Ottawa, Canada, October 7, 2021. Just last month economists were almost evenly split on the risk of higher rates; now nearly all are saying sooner rather than later. read moreForecasts from economists on whether rates will go up in Q3 were on a knife's edge. If the poll is correct, the BoC will notably diverge from the U.S. Federal Reserve, which is expected to keep rates unchanged through the end of next year. That is also when the bank will provide its quarterly update on growth and inflation.
Persons: Blair Gable, James Knightley, it's, Stephen Brown, Benjamin Tal, Tal, Mumal Rathore, Sarupya Ganguly, Prerana Bhat, Susobhan Sarkar, Ross Finley, David Holmes Organizations: Canada, Bank of Canada, REUTERS, reuters, BoC, Reuters, ING, Survey, Financial, U.S . Federal Reserve, Capital Economics, CIBC Capital Markets, Thomson Locations: Ottawa, Canada, BENGALURU, U.S
Dollar steadies after bounce off of one-month low
  + stars: | 2021-10-25 | by ( David Henry | ) www.reuters.com   time to read: +3 min
The dollar index against major currencies steadied with a gain of nearly 0.2% for the day after turning up from a one-month low in early trading. Threats to current positions could come on Thursday from the European Central Bank and from U.S. economic data and from U.S. and European inflation data on Friday, as well as a meeting of the Bank of Canada on Wednesday. At one point the dollar index was up 0.4% on the day as the yield on the 10-year U.S. Treasury rose . The dollar eased off and the 10-year yield fell back, and was last around 1.63% and little changed for the day. The European Central Bank meeting on Thursday is not expected to make big news but comments from the bank could shift views on how much inflationary pressures could impact interest rates.
Persons: Jo Yong, Joseph Manimbo, Jeremy Thomson, Cook, bitcoin, David Henry, Tommy Wilkes, Peter Graff, Chizu Organizations: Korea Exchange Bank, REUTERS, Swiss, greenback, European Central Bank, Bank of Canada, U.S . Federal Reserve, Western Union Business Solutions, Treasury, ., Bank of Japan, ECB, Thomson Locations: Seoul, U.S, New York, London
REUTERS/Fabrizio Bensch/File PhotoLONDON, Oct 22 (Reuters) - Euro zone inflation expectations among bond investors hit their highest levels in years on Friday, putting additional pressure on the European Central Bank and its insistence on maintaining crisis-era stimulus. A similar gauge in the United States held at its highest level since August 2006 at 2.64%. He was referring to the five-year, five-year forward inflation swap, a key market gauge of long-term euro zone inflation expectations, which was at its highest since September 2014 at 1.9489% on Friday. Rising inflation expectations also pulled nominal bond yields higher, with Italy's 10-year government bond yield hitting its highest level in five months at 0.973%. Later on Friday, Markit's initial purchasing managers' index (PMI) for the euro zone services and manufacturing sectors are due to be released at 0800 GMT, a key business survey that indicates the health of the economy.
Persons: Fabrizio Bensch, Jim Reid, Saikat Chatterjee, Abhinav, Emelia Sithole Organizations: REUTERS, European Central Bank, Deutsche Bank, U.S . Federal Reserve, Bank of England, Thomson Locations: Berlin, Germany, United States, COVID
UPDATE 2-Euro zone bond yields rise after brief relief
  + stars: | 2021-10-21 | by ( Yoruk Bahceli | ) www.reuters.com   time to read: +3 min
(Updates with change in market direction)Oct 21 (Reuters) - Euro zone bond yields resumed their rise on Thursday after a brief respite from a sell-off that has gripped government bond markets. Government bond yields across developed markets have shot up in recent weeks following hawkish turns from the U.S. Federal Reserve and the Bank of England. A key market gauge of euro zone inflation expectations, the five-year, five-year breakeven inflation forward, rose as high as 1.9329%, the highest since late 2014, as oil prices surged to a three-year high. He was referring to the UK’s issuance of 6 billion pound green bond, which likely put pressure on gilt yields. Another driver was a fall in “real” yields on inflation-linked bonds while nominal bond yields rose.
Persons: BoE, won’t, , Antoine Bouvet, Bouvet, Ignazio Visco, Yoruk Bahceli, Alex Richardson, Ramakrishnan, Mark Heinrich Organizations: U.S . Federal Reserve, Bank of England, Treasury, ING, policymaker, Bank of Italy Locations: Government, U.S, , Union, Spain, France
UPDATE 3-Euro zone bond yields rise after brief relief
  + stars: | 2021-10-21 | by ( Yoruk Bahceli | ) www.reuters.com   time to read: +3 min
(Adds details, updates prices)Oct 21 (Reuters) - Euro zone bond yields resumed their rise on Thursday after a brief respite from a sell-off that has gripped government bond markets. Government bond yields across developed markets have shot up in recent weeks following hawkish turns from the U.S. Federal Reserve and the Bank of England (BoE). Following UK government bond yields, which led the move, and U.S. Treasury yields higher, Germany’s 10-year government bond yield, the benchmark for the euro area, rose closer to its May highs. ‘DEGREE OF SCEPTICISM’A key market gauge of euro zone inflation expectations, the five-year, five-year breakeven inflation forward, rose as high as 1.9728%, the highest since mid-September 2014, as oil prices surged to a three-year high. Another driver was a fall in “real” yields on inflation-linked bonds while nominal bond yields rose.
Persons: BoE, won’t, , Antoine Bouvet, Bouvet, Ignazio Visco, Yoruk Bahceli, Danilo Masoni, Mark Heinrich, Gareth Jones Organizations: U.S . Federal Reserve, Bank of England, Treasury, ING, policymaker, Bank of Italy Locations: Government, U.S, , Union, Spain, France
German Bundesbank President Jens Weidmann presents the annual 2018 report in Frankfurt, Germany, February 27, 2019. REUTERS/Kai Pfaffenbach/File PhotoWASHINGTON, Oct 21 (Reuters) - German Bundesbank President Jens Weidmann was just a year into his tenure when the world began to change with three words. In another era, even just a decade ago, drawn-out battles would have ensued over all of that. But "hawks come in different shades, and it will matter exactly what type of hawk we get," Guha said. The true believers are now mostly found among former officials who comment at academic conferences and in the financial press.
Persons: Jens Weidmann, Kai Pfaffenbach, Mario Draghi, Peter Ireland, Krishna Guha, Guha, Howard Schneider, Dan Burns, Leslie Adler Organizations: REUTERS, European Central Bank, ECB, U.S . Federal Reserve, Boston College, New, Thomson Locations: Frankfurt, Germany, German, Ireland, Central, U.S
Boosting oil was data showing crude inventories at the largest U.S. storage site hit their lowest level in three years. In cryptocurrencies, bitcoin touched a record high, a day after the first U.S. bitcoin futures-based exchange-traded fund began trading. In the U.S. Treasury market, long-dated yields rose after a weak auction of 20-year notes. U.S. 20-year yields rose to one-week highs of 2.1%, and were last up 2 basis points at 2.0873%. In energy, Brent crude futures settled at $85.82 a barrel, a gain of 0.9% or 74 cents, and the highest since October 2018.
Persons: bitcoin, , you’ve, , Paul Nolte Organizations: Dow, Dow Jones, Verizon Communications Inc, Kingsview Investment Management, Investors, Nasdaq, U.S . Treasury, U.S . Federal Reserve, Fed, Canadian, West Texas, U.S . Energy, Administration Locations: U.S, Chicago
U.S. mortgage rates surge to 6-month high -MBA
  + stars: | 2021-10-20 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Octavio JonesOct 20 (Reuters) - Interest rates on the most popular type of U.S. home loan shot to a six-month high last week as global rates continued their march higher against a bout of stiff inflation and expectations that central banks will back further away from their pandemic-era easy-money policies. That was the highest level since early April and is up by more than a quarter percentage point since the end of July. The increase in rates helped drive overall mortgage-application volumes down by 6.3% to the lowest since July, led by a 7.1% drop in refinancing applications, the MBA said. Refinancing application volumes are also at their lowest since July, just fractionally above their lowest levels since early 2020. The yield on the 10-year U.S. Treasury note , the most influential benchmark security in determining mortgage interest rates, hit its highest since May on Wednesday and has climbed nearly half a percentage point since late July.
Persons: Octavio Jones, Joel Kan, homebuilding, Dan Burns, Andrea Ricci Organizations: REUTERS, Mortgage Bankers Association, Reuters, Economic, Industry, Commerce Department, U.S . Federal Reserve, Treasury, Thomson Locations: Tampa , Florida, U.S
Shares squeeze out gains on earnings prospects
  + stars: | 2021-10-20 | by ( Tom Wilson | ) www.reuters.com   time to read: +4 min
REUTERS/Peter NichollsThe regional Euro STOXX 600 added 0.1% after opening in negative territory, amid a somewhat mixed picture for earnings, with investors largely upbeat. The corporate earnings season will be in full swing in many countries over the coming weeks. “The long-term outlook is actually quite good.”MSCI’s world equity index, which tracks shares in 50 countries, traded flat. Its broadest index of Asia-Pacific shares outside Japan rose 0.5%, led by gains of 1.4% in Hong Kong. The 10-year U.S. Treasuries yield rose as high as 1.673%, a level last seen in May.
Persons: Peter Nicholls, Tesla, , Sebastien Galy, , Naokazu Koshimizu, Sterling, Bitcoin Organizations: London Stock Exchange, REUTERS, ASML Holdings, Nestle, Nordea Asset Management, European Central Bank, ” Deutsche Bank, U.S . Federal Reserve, Nomura Securities, Bank of England Locations: Europe, London, Britain, Netherlands, Swiss, Asia, Pacific, Japan, Hong Kong, United States, U.S
NEW YORK (Reuters) -Stock indexes rose globally on Wednesday as more companies reported earnings that beat analysts’ expectations, while the U.S. dollar dipped. Slideshow ( 3 images )U.S. crude oil futures turned positive after data from the U.S. Energy Information Administration showed inventories dropped in the most recent week. The corporate earnings season will be in full swing in many countries over the coming weeks. The pan-European STOXX 600 index rose 0.30% and MSCI’s gauge of stocks across the globe gained 0.39%. U.S. gold futures gained 0.73% to $1,782.70 an ounce.
Persons: bitcoin, Tesla, , Peter Cardillo, Brent Organizations: YORK, U.S, U.S . Energy, Verizon Communications Inc, Spartan Capital Securities, Dow Jones, Nasdaq, U.S . Treasury, Investors, U.S . Federal Reserve, Fed, Canadian Locations: U.S, New York
REUTERS/Brendan McDermid/File PhotoBoosting oil was data showing crude inventories at the largest U.S. storage site hit their lowest level in three years. In the U.S. Treasury market, long-dated yields rose after a weak auction of 20-year notes. U.S. 20-year yields rose to one-week highs of 2.1%, and were last up 2 basis points at 2.0873%. In energy, Brent crude futures settled at $85.82 a barrel, a gain of 0.9% or 74 cents, and the highest since October 2018. U.S. gold futures gained 0.90% to $1,784.10 an ounce.
Persons: Brendan McDermid, bitcoin, Tesla, , you’ve, , Paul Nolte Organizations: YORK, Dow Jones, New York Stock Exchange, REUTERS, Verizon Communications Inc, Kingsview Investment Management, Investors, Nasdaq, U.S . Treasury, U.S . Federal Reserve, Fed, Canadian, West Texas, U.S . Energy, Administration Locations: New York City, U.S, Chicago
TOKYO, Oct 20 (Reuters) - Asian shares advanced and U.S. long-dated bond yields edged up to a five-month high on Wednesday on rising optimism about the global economy and corporate earnings while the yen slipped to a four-year low on the dollar. Japan’s Nikkei rose 0.8% while MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.3%, led by 0.9% gains in Australia. “Tech shares and other high-growth shares that would have been sold on rising bond yields are rallying, which clearly shows that there is now strong optimism on upcoming earnings,” Fujito said. The positive mood saw U.S. bond yields rising further, with the 10-year U.S. Treasuries yield climbing to 1.662% , a high last seen in May. In the currency market, rising U.S. yields helped to boost the U.S. dollar to a four-year high against the yen at 114.585 per dollar.
Persons: stagflation, , Norihiro Fujito, Mitsubishi UFJ, Mitsubishi UFJ Morgan Stanley, ” Fujito, , Naokazu Koshimizu, bitcoin Organizations: U.S, Nikkei, Mitsubishi, Mitsubishi UFJ Morgan, Mitsubishi UFJ Morgan Stanley Securities, “ Tech, ASML Holdings, Tesla, U.S . Federal Reserve, Investors, Nomura Securities, Bank of Locations: TOKYO, Asia, Pacific, Japan, Australia, New York, Bank of Japan, Tuesday’s, U.S
REUTERS/Issei KatoTOKYO, Oct 20 (Reuters) - Asian shares advanced and U.S. long-dated bond yields edged up to a five-month high on Wednesday on rising optimism about the global economy and corporate earnings while the yen slipped to a four-year low on the dollar. Japan's Nikkei (.N225) rose 0.8% while MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.3%, led by 0.9% gains in Australia (.AXJO). "Tech shares and other high-growth shares that would have been sold on rising bond yields are rallying, which clearly shows that there is now strong optimism on upcoming earnings," Fujito said. The positive mood saw U.S. bond yields rising further, with the 10-year U.S. Treasuries yield climbing to 1.662% , a high last seen in May. In the currency market, rising U.S. yields helped to boost the U.S. dollar to a four-year high against the yen at 114.585 per dollar .
Persons: Issei Kato TOKYO, stagflation, Norihiro Fujito, Mitsubishi UFJ, Mitsubishi UFJ Morgan Stanley, Fujito, Naokazu Koshimizu, bitcoin, Shri Navaratnam Organizations: Nikkei, REUTERS, U.S, Japan's Nikkei, Mitsubishi, Mitsubishi UFJ Morgan, Mitsubishi UFJ Morgan Stanley Securities, Tech, ASML Holdings, U.S . Federal Reserve, Investors, Nomura Securities, Bank of, Thomson Locations: Tokyo, Japan, Asia, Pacific, Australia, New York, Bank of Japan, Tuesday's, U.S
PRECIOUS-Gold rises 1% as weaker dollar lifts appeal
  + stars: | 2021-10-19 | by ( Bharat Gautam | ) www.reuters.com   time to read: +2 min
Spot gold was up 0.5% to $1,772.61 per ounce by 10:24 a.m. EDT (1624 GMT), after climbing to $1784.85 earlier. The dollar, whose recent strength has pressured gold, was hit by growing rate-hike bets in other markets, lifting bullion’s appeal for holders of other currencies. “In addition to that, we still believe that the inflationary pressures are a driving force for both gold and silver.”Spot silver rose 3.4% to $23.94 per ounce, scaling a more than one-month high. Reduced stimulus and interest rate hikes tend to drive up government bond yields, raising non-yielding bullion’s opportunity cost. (Reporting by Bharat Govind Gautam, Amy Caren Daniel and Arundhati Sarkar in Bengaluru Editing by Mark Potter)
Persons: , David Meger, Giovanni Staunovo, ” Staunovo, Bharat Govind Gautam, Amy Caren Daniel, Arundhati Sarkar, Mark Potter Organizations: High, U.S . Federal Reserve Locations: , Bengaluru
(Updates prices)LONDON, Oct 18 (Reuters) - Euro zone bond yields rose on Monday as a global repricing of interest rate expectations pushed borrowing costs in the common currency bloc back towards recent multi-month highs. Recent comments from European Central Bank officials including ECB chief Christine Lagarde have soothed concern in debt markets that the central bank is likely to tighten policy soon in the face of higher inflation. British gilt yields rose. Yields on 10-year Italian government bonds rose more than 3 bps to 0.9%, after hitting their highest since late May at 0.954%. Market gauges of inflation expectations also rose, with a key euro area measure rising to 1.9122%, the highest since September 2014.
Persons: Christine Lagarde, Andrew Bailey, , Rainer Guntermann, Ignazio Visco Organizations: European Central Bank, U.S . Federal Reserve, Bank of England, ECB, Financial Times, European Union, EU, European Investment Bank, ECB policymaker Locations: British, U.S, Italian
Spot gold ticked up 0.2% at $1,770.30 per ounce by 10:33 a.m. EDT (1433 GMT), while U.S. gold futures rose 0.1% to $1,770.30. “We’re also seeing risk aversion in the market and the dollar isn’t seeing the usual support, which may be keeping gold afloat for now,” OANDA analyst Craig Erlam said. U.S. benchmark 10-year Treasury yields climbed as investors ramped up rate hike bets, while the dollar index held steady. Market participants are increasingly expecting the U.S. Federal Reserve to start tapering asset purchases soon after data showed a solid increase in U.S. consumer prices. (Reporting by Bharat Govind Gautam and Arundhati Sarkar in Bengaluru; Editing by Shailesh Kuber)
Persons: “ We’re, , Craig Erlam, Han Tan, Bharat Govind Gautam, Arundhati Sarkar, Shailesh Kuber Organizations: U.S, Treasury, greenback, U.S . Federal Reserve, Locations: China, Bengaluru
PRECIOUS-Gold pressured by rising U.S. Treasury yields
  + stars: | 2021-10-18 | by ( Bharat Gautam | ) www.reuters.com   time to read: +2 min
(Recasts, updates prices)* If yields keep rising, headwinds will be significant- analyst* Palladium at lowest in over one weekOct 18 (Reuters) - Gold edged lower on Monday as a rise in U.S. Treasury yields dented its appeal, although a risk-off sentiment in wider financial markets limited losses for the metal. Spot gold was down 0.1% at $1,765.14 per ounce by 1:35 p.m. EDT (1735 GMT), while U.S. gold futures settled down 0.2% at $1,765.70. “If yields keep rising, the headwinds will remain significant for gold,” OANDA analyst Craig Erlam said. U.S. benchmark 10-year Treasury yields climbed as investors ramped up rate hike bets, while the dollar index held steady. Reduced central bank stimulus and the prospect of interest rate hikes push government bond yields up, weighing on non-yielding bullion.
Persons: , Craig Erlam, Han Tan, Bharat Govind Gautam, Arundhati Sarkar, Ashitha, Shailesh Kuber, Aditya Soni Organizations: Treasury, greenback, Investors, U.S . Federal Reserve, , Exinity Locations: U.S, China, Bengaluru
Investors have chosen to trade that theme by buying the greenback against its rivals while simultaneously dumping currencies of commodity importers like Japan. “Higher Treasury yields combined with China’s weak GDP numbers are spurring demand for the U.S. dollar and other safe haven currencies on Monday,” said Raffi Boyadjian, an investment strategist at brokerage XM. U.S. Treasury yields firmed on Monday, extending a trend in recent weeks with five-year bond yields rising to their highest levels since February 2020 as investors ramped up bets that the U.S. Federal Reserve was preparing to raise interest rates as early as next year. The yen was close to a new three-year low, with the dollar last up 0.1% at 114.36 yen, close to Friday’s 114.47 level that was last hit in October 2018. Sterling slipped 0.1% to $1.3735 despite hawkish weekend remarks from Bank of England Governor Andrew Bailey who said policymakers “will have to act” as energy prices drive consumer prices higher.
Persons: Sterling, hawkish BoE, , Raffi Boyadjian, Andrew Bailey, Organizations: U.S ., Treasury, Bank of England, Investors, , XM, U.S, U.S . Federal Reserve, Danske Bank, Fed, HSBC Locations: China, New Zealand, Japan, Auckland
Yields on benchmark five-year bonds rose to 1.18%, its highest levels since Feb 2020 extending a two consecutive week rising streak. While yields on 30-year U.S. bonds also crept higher, they rose lesser than the 4 bps move rise on the short-end of the curve. Yields on benchmark 10-year U.S. debt held at 1.61%, just below a June high of 1.63% hit last week. U.S. Treasuries had sold off last week on strong U.S. retail sales data and some hawkish comments from some Fed speakers but Jefferies analysts believe it encouraged some investors to add new short bets on U.S. bonds. U.S. retail sales rose 0.7% last month and data for August was revised higher to show retail sales increased 0.9% instead of 0.7% as initially reported by the Commerce Department.
Persons: Treasuries Organizations: U.S, Treasury, Jefferies, Commerce Department, U.S . Federal Reserve
(Corrects to say Italian yield highest since May, not June, in paragraph 9)LONDON, Oct 18 (Reuters) - Euro zone bond yields rose on Monday as a global repricing of interest rate expectations pushed borrowing costs in the common currency bloc back towards recent multi-month highs. Recent comments from European Central Bank officials including ECB chief Christine Lagarde have soothed concern in debt markets that the central bank is likely to tighten policy soon in the face of higher inflation. British gilt yields rose sharply. Market gauges of inflation expectations also rose, with a key euro area measure rising to 1.8896%, the highest since November 2014. Nonetheless, yields on bonds from the EU and the European Investment Bank -- the bloc’s other key supranational borrower -- were mostly higher on the day, in line with moves in the government bond market.
Persons: Christine Lagarde, Andrew Bailey, , Rainer Guntermann, Ignazio Visco Organizations: European Central Bank, U.S . Federal Reserve, Bank of England, ECB, Financial Times, European Union, EU, European Investment Bank, ECB policymaker Locations: British, U.S, Italian
Dollar stands tall vs rivals on firmer yields
  + stars: | 2021-10-18 | by ( Saikat Chatterjee | ) www.reuters.com   time to read: +2 min
LONDON (Reuters) - The U.S. dollar headed back on Monday towards a one-year high hit last week as rising inflation expectations and higher bond yields boosted its appeal against its rivals, with the New Zealand dollar bucking the trend thanks to strong data. FILE PHOTO: U.S. dollar banknote is seen in this picture illustration taken May 3, 2018. “This occurred sooner than we expected.”The dollar index rose 0.1% to 94.02, edging it back toward last week’s one-year high of 94.563 which was the highest level since September 2020. The kiwi was an outlier, having jumped almost 0.5% to a one-month high of $0.7105 before easing back to flat at $0.7070 after a decade-high quarterly inflation reading. But taken together, China’s slowdown, power crunch and worldwide signs that pressure from energy costs is hurting, seemed to turn investors broadly cautious as they brace for a bumpy period.
Persons: Dado, Sterling, Andrew Bailey, Organizations: U.S, New Zealand, REUTERS, Treasury, U.S . Federal Reserve, Danske Bank, Fed, HSBC, Bank of England Locations: New Zealand, Auckland
A man watches an electric board showing Nikkei index outside a brokerage at a business district in Tokyo, Japan, June 21, 2021. Oil prices hit new multi-year peaks, continuing their recent surge amid a global energy shortage, with U.S. crude at a fresh seven-year high and Brent at a three-year high. read moreMSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was little changed in early trading on Monday, off 0.07%, while Japan's Nikkei (.N225) lost 0.12%. The yield on benchmark 10-year Treasury notes rose to 1.5904% on Monday, heading back towards the four-month high of 1.6310% hit early Tuesday, before a wobble later in the week. U.S. crude was last up 0.92% at $83.04 a barrel, while Brent crude was last 0.57% higher at $85.35 per barrel.
Persons: Kim Kyung, Brent, bitcoin, Gang, Alun John, Richard Pullin Organizations: Nikkei, REUTERS, Reuters, Oil, Japan's Nikkei, Barclays, China Evergrande, HK, rumbles, U.S . Federal Reserve, CBA, U.S ., Thomson Locations: Tokyo, Japan, China, HONG KONG, Asia, Pacific, China's
People wearing face masks walk in front of a big Euro sign in Frankfurt am Main, western Germany, as the European Central Bank (ECB) headquarters can be seen in the background on April, 24, 2020. LONDON — A substantial portion of investors expect the U.S. Federal Reserve and the European Central Bank to keep monetary policy slightly too loose for too long, according to a Deutsche Bank survey. By contrast, 45% see a bigger risk of the Bank of England making a hawkish policy error, compared to 20% for "about right" and 20% for dovish. Central bank policymakers have been striking a cautious tone in recent weeks, seemingly adopting a "wait and see" approach to inflation and the prospect of hiking rates. He noted that along with "deteriorating asset quality," banks' "excessive search for yield" was feeding growing demand for leverage, increasing market risk.
Persons: Andrew Bailey, ECB Andrea Enria, Enria Organizations: European Central Bank, LONDON, U.S . Federal Reserve, Deutsche Bank, ECB, Bank of England, dovish, Sunday, Monetary Affairs Locations: Frankfurt, Germany, Central
Total: 25