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RPT-GRAPHIC-Take Five: Fed-flation in focus
  + stars: | 2021-06-14 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +4 min
After years of very low inflation, a range of metrics, including the Fed’s preferred core personal consumption expenditures (PCE) price index, are on the rise. The PCE rose 3.8% in the 12-months to May, its largest jump in three decades. The Fed insists consumer price gains will be temporary and that it has the tools to combat an inflationary surge. -ANALYSIS-Job-inflation tradeoff, exiled from Fed policy, could mean a hot summer2/ DEBT DEBUTThe EU will issue its first bond under the 800 billion euro post-pandemic recovery fund, possibly within days. Yet, don’t underestimate the significance: The EU is set to become one of the world’s biggest issuers with 80 billion euros worth of bonds for the recovery fund sold this year.
Persons: Alexander Hamilton, Joe Biden, Tayyip Erdogan, Biden, Vladimir Putin, Putin Organizations: Federal Reserve, PCE, Fed, Treasury, ECB, EU, NATO, Wednesday, hawkish, Bank of New, Kiwi Locations: Europe, United States, China, Beijing, Brussels, Syria, Afghanistan, U.S, Ankara, Washington, Geneva, Ukraine, Bank of New Zealand, New Zealand
New Zealand's Prime Minister Jacinda Ardern leaves after Friday prayers at Hagley Park outside Al-Noor mosque in Christchurch, New Zealand March 22, 2019. read moreThe magazine described the film as an "inspirational story" about Ardern's response to the violence. Asked about it at a news conference, she said the Muslim community should be at the centre of any film about the shootings, not her. But they are the stories from our Muslim community so they need to be at the centre of that. Muslim community advocate Guled Mire told the 1 NEWS network that he thought the film was "distasteful".
Persons: Jacinda Ardern, Jorge Silva, Ardern, Zealander Andrew Niccol, Brenton Tarrant, Christchurch . Tarrant Organizations: Zealand's, REUTERS, New, Hollywood Reporter, New Zealand, Zealander, Thomson Locations: Hagley Park, Al, Noor, Christchurch , New Zealand, Christchurch, Christchurch .
United States President Joe Biden's plan to unite Washington's closest allies and take on China just scored a big political win. The G7 confronted China on just about every sore spot, from allegations of human rights abuses and forced labor in Xinjiang to ongoing political disputes over Hong Kong, Taiwan and the South China Sea. China still fired back against the statement, accusing the G7 of deliberately slandering China" and "arbitrarily interfering in China's internal affairs." Under Biden, the United States recently expanded a ban on American investment in dozens of Chinese firms. In his statement reported by Xinhua, the Chinese President said it was important to "maintain overall social stability and create a good atmosphere for the Party's centenary."
Persons: Joe Biden's, Washington's, Xi, Donald Trump, Trump, Angela Merkel, Emmanuel Macron, Yoshihide Suga, Queen Elizabeth II, Justin Trudeau, Mario Draghi, Joe Biden, Biden, China's mercantilist, Alex Capri, Hinrich, , Xi Jinping, Qu Yuan Organizations: CNN, US, United, Washington, Embassy, Canadian, Trump, Huawei, Hinrich Foundation, National University of Singapore, Mecrator Institute of China Studies, Eurasia Group, CNN . Rescue, Xinhua, Communist Locations: China, States, United Kingdom, Germany, France, Italy, Canada, Xinjiang, Hong Kong, Taiwan, South China, Taiwan Strait, London, Italian, St Austell , Cornwall, England, Beijing, Europe, United States, Britain, Asia, Korea, New Zealand, China's Hubei Province, China's Hubei, Zhangwan, Shiyan, Heilongjiang province, Shenzhen, Hubei, Tianjin
NZ to apologise for 'discriminatory' police raids against Pacific community
  + stars: | 2021-06-14 | by ( Praveen Menon | ) www.reuters.com sentiment -0.88   time to read: +1 min
New Zealand Prime Minister Jacinda Ardern participates in a televised debate with National leader Judith Collins at TVNZ in Auckland, New Zealand, September 22, 2020. Fiona Goodall/Pool via REUTERS/File PhotoNew Zealand is to make a formal apology to the Pacific community which felt "targeted and terrorised" during police raids searching for overstayers in the 1970s, Prime Minister Jacinda Ardern said on Monday. The raids were racist as they targeted people from neighbouring Pacific islands suspected of overstaying, but never those from Britain or the United States, even though about 40% of overstayers at the time were British or American. "Communities at the time felt targeted and terrorised and there is clear evidence the raids were discriminatory and have had a lasting negative impact," Ardern said. The formal apology will be delivered at a commemoration event on June 26 in Auckland Town Hall.
Persons: Jacinda Ardern, Judith Collins, Fiona Goodall, overstayers, Ardern Organizations: Zealand, TVNZ, Auckland Town Hall, Thomson Locations: Auckland , New Zealand, Zealand, Pacific, Britain, United States, overstayers, Auckland
"We are holding talks to earmark a base in Qatar to create an exclusive training ground for senior members of the Afghan forces," said a senior Western security official in Kabul. Qatar's government and NATO's communications office did not respond to questions about the proposal to use the Gulf state as a base for training Afghan forces. The final exit of foreign forces comes amid a surge in fighting between Taliban fighters and Afghan forces in several provinces. Earlier this month, NATO Secretary-General Jens Stoltenberg said the alliance was "looking into how we can provide out-of-country training for the Afghan Security Forces, especially the Special Operations Forces". A Taliban spokesperson said the group was not aware about NATO's plan to train Afghan forces in Qatar.
Persons: Mohammad Ismail, Jens Stoltenberg, , Zabihullah Mujahid Organizations: REUTERS, NATO, Western, Washington DC, U.S ., Taliban, Afghan Security Forces, Special Operations Forces, U.S, , Thomson Locations: Kabul, Afghanistan, Qatar, NATO's, U.S, Western, Resolute, Washington, Australia, New Zealand, Georgia, United States, Britain, Turkey
(CNN) Riz Ahmed is putting his money where his heart is. The Academy Award-nominated actor is one of the backers of a new study which looks at the representation of Muslims in Hollywood. Ahmed partnered with advocacy organization Pillars Fund and the Ford Foundation to sponsor the study "Missing & Maligned: The Reality of Muslims in Popular Global Movies," which was released by Dr. Stacy L. Smith and the USC Annenberg Inclusion Initiative. "The results point to the scope of the problem and have prompted action from this coalition of voices to tackle some of the underlying reasons for the lack of Muslims in popular movies." Despite being one of the fastest-growing groups in the world, according to the Pillars Fund the study found "Less than 2% of more than 8,500 speaking characters across the films examined were Muslim.
Persons: Riz Ahmed, Ahmed, Stacy L, Smith Organizations: CNN, Fund, Ford Foundation, Popular, USC, New Zealand, Pillars, Pillars Fund Locations: Hollywood, U.S, Australia, New
England's and Romania's players take a knee before the international friendly soccer match between England and Romania in Middlesbrough, England, Sunday, June 6, 2021. An England fan wears a flag outside a stadium in Middlesbrough, England, during an international friendly match between England and Austria. Some England fans have been booing players taking a knee, to call attention to racial injustice, sparking criticism. Alex Pantling / The FA via Getty ImagesThe reputation of English soccer fans often precedes them — boisterous, vocal and at times responsible for hooliganism abroad. It also found just over half of soccer fans in England (54 percent) supported the gesture.
Persons: Boris Johnson, Paul Ellis, Johnson, , Brendan Clarke, Smith, Andy Westwood, Westwood, Alex Pantling, Gareth Southgate, Southgate, Henry Winter, Southgate's missive, They've, Leon Mann, Ireland's, ina, Mann, England's Ollie Robinson, Robinson, Adreian Dennis, Ollie Robinson, Oliver Dowden, Dowden, Nigel Farage Organizations: NBC News, Conservative, NBC, University of Manchester, Conservative Party, European Union, Trump, England, Getty, Football Association, Free Lions, Football, Scottish, Championship, New Zealand, Twitter Locations: Britain, England, Romania, Middlesbrough, Italy, Turkey, Rome, Austria, Wales, Europe, Portugal, Spain, U.K, Budapest, Hungary, London, New, AFP, Britain's
For the past 200 years, tales of discovering Antarctica have centered on Russian, European and American expeditions. But a new study suggests that New Zealand’s Māori explorers could have been the first humans to set eyes on the frozen continent as far back as the seventh century. The New Zealand study relies on literature and oral histories to better understand Māori presence and perspectives on Antarctica and its exploration. The study cites a report published in 1899 that suggests Māori accounts of voyages referred to sub-Antarctic flora, fauna and physical geography. “Growing more Māori Antarctic scientists and incorporating Māori perspectives will add depth to New Zealand’s research programmes and ultimately the protection and management of Antarctica,” said Wehi.
Persons: Hui Te Rangiora, Meera Sabaratnam, Sabaratnam, , Percy Smith, ” Smith, Atu, Charles Wilkes, , Priscilla Wehi, Manaaki Whenua, Pamela Young Organizations: Royal Society of New, NBC, SOAS University of London, The, Polynesian Society Locations: Antarctica, Royal Society of New Zealand, Russian, Zealand, Southern, New Zealander, Vincennes, United States
The 10-year yield, which falls when prices rise, was down about a basis point at 1.4502% on Friday after touching as low as 1.428% earlier in the session, its lowest since early March. At that point, the yield had fallen roughly 13 basis points for the week so far, the steepest weekly drop since last June. "Traders have been holding on to old, stale positions and the market needs news to endorse those positions. Short positions in Treasuries had hit their highest since 2018, according to JP Morgan positioning data last week. The gap between 5-year notes and 30-year bonds was at 142 basis points, less than a basis point higher than Thursday's close.
Persons: Ross Kerber, Tom Westbrook, Priya Misra, Imre Speizer, Ana Nicolaci da Costa, Nick Zieminski Organizations: Treasury, Traders, Securities, Global, Westpac, Morgan Locations: 1yr, Tom Westbrook BOSTON, SINGAPORE, New Zealand, Treasuries, New York, Boston, Singapore
Take Five: Fed-flation in focus
  + stars: | 2021-06-11 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +4 min
1/ FED-FLATION RUMBLINGSFILE PHOTO: Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. After years of very low inflation, a range of metrics, including the Fed’s preferred core personal consumption expenditures (PCE) price index, are on the rise. The Fed insists consumer price gains will be temporary and that it has the tools to combat an inflationary surge. Yet, don’t underestimate the significance: The EU is set to become one of the world’s biggest issuers with 80 billion euros worth of bonds for the recovery fund sold this year. -New Zealand manufacturing sales rise in first quarter Graphic: New Zealand economy poised to grow:
Persons: Leah Millis, Alexander Hamilton, Joe Biden, Tayyip Erdogan, Biden, Vladimir Putin, Putin Organizations: Federal Reserve Board, REUTERS, Federal Reserve, PCE, Fed, Treasury, ECB, EU, NATO, Wednesday, hawkish, Bank of New, Kiwi Locations: Washington , U.S, Europe, United States, China, Beijing, Brussels, Syria, Afghanistan, U.S, Ankara, Washington, Geneva, Ukraine, Bank of New Zealand, New Zealand, Zealand
Australia, NZ dlrs broadly steady as action shifts to bonds
  + stars: | 2021-06-11 | by ( Swati Pandey | ) www.reuters.com + 0.00   time to read: +3 min
The Aussie was dozing at $0.7747, having spent the entire week in a tight range of $0.7719/$0.7765. “On a 100-day basis, all major drivers of the cross have failed to spark a move,” ANZ analysts wrote in a note. Investor activity has shifted to bonds instead, with yields on Australian 10-year government papers down 22 basis points this week, the biggest fall since March 2020. New Zealand government bonds rose, sending yields about 5 basis points lower at the long-end of the curve while yields on 10-year government paper were at their lowest since end-April. Short positions in Treasuries were the highest since 2018, according to JP Morgan positioning data last week.
Persons: , , Rodrigo Catril, Philip Lowe, Swati Pandey, Wayne Cole, Ana Nicolaci da Organizations: SYDNEY, New, New Zealand, ” ANZ, Morgan, Reserve Bank of Australia Locations: New Zealand, Treasuries, Ana Nicolaci da Costa
Dollar slips as currency traders see inflation spike as temporary
  + stars: | 2021-06-11 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken February 8, 2021. Currency markets had been sluggish all week in anticipation of the data, but when it came in above expectations, there was little market reaction. The dollar index edged lower in the Asian session and at 0723 GMT, was down 0.1% on the day at 89.995. In Russia, the central bank is expected to raise its 5% interest rate by as much as 50 basis points - its third rate rise in a row. The central bank targets annual consumer inflation of 4%.
Persons: Dado Ruvic, Treasuries, , Bitcoin Organizations: REUTERS, Federal Reserve, CPI, UBS, European Central Bank, New Zealand, ECB, ING, ” ING, Fed, Seven Locations: Russia, Carbis
FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken February 8, 2021. Currency markets had been sluggish all week in anticipation of the data, but when it came in above expectations, there was little market reaction. The dollar index edged lower in the Asian session but picked up later in the day. The British pound, Canadian dollar, Australian dollar and New Zealand dollar are currencies that may gain against a weaker U.S. dollar, Jones said. ING strategists wrote in a note to clients that the “glut of liquidity” from central banks was driving a search for “carry”.
Persons: Dado Ruvic, Neil Jones, , Jones, bitcoin, Mizuho’s Jones Organizations: REUTERS, Federal Reserve, UBS, European Central Bank, U.S ., ECB, Mizuho, Fed, , New Zealand, ING, ” ING, Seven Locations: cryptocurrencies, Carbis
Dollar looks stronger as euro and sterling dip
  + stars: | 2021-06-11 | by ( Sinéad Carew | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration/File PhotoThe dollar index was last up 0.46% at 90.4790 while the euro was down 0.53% at $1.2112. “ECB policy makers are indicating that inflation rates are way below levels that are needed to put upward pressure on rates,” said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto. The biggest contributor to the move we’ve seen overnight is the (euro) weakness as opposed to idiosyncratic dollar positive forces. Meanwhile investor left riskier currencies such as the Australian dollar was down 0.63% against the U.S. dollar and the New Zealand dollar was off 0.92% at $0.7129.
Persons: Dado Ruvic, Klaas Knot, , Karl Schamotta, ” Sterling, ” Schamotta Organizations: YORK, REUTERS, European Central Bank, ECB, Cambridge Global Payments, Bank, England, , Federal, Committee, U.S ., New Zealand Locations: Europe, Toronto, Britain
New Zealand Muslims object to mosque attack film while pain still raw
  + stars: | 2021-06-11 | by ( ) www.reuters.com + 0.00   time to read: +2 min
New Zealand's Prime Minister Jacinda Ardern leaves after Friday prayers at Hagley Park outside Al-Noor mosque in Christchurch, New Zealand March 22, 2019. REUTERS/Jorge Silva/File PhotoNew Zealand Muslims objected on Friday to a plan for a film about the 2019 Christchurch mosque shootings in which a gunman killed 51 people, saying the attack was still too raw for grieving families and their community. The 40-year-old leader's compassionate response to the attack united her shocked country and was praised globally. "Although recognition of our prime minister for her response to attacks is well deserved, we question the timing and whether a movie is appropriate right now? Australian actress Rose Byrne is set to play Ardern in the film, the Hollywood Reporter said, and New Zealander Andrew Niccol would write and direct it.
Persons: Jacinda Ardern, Jorge Silva, Abdigani Ali, Ardern, Rose Byrne, New Zealander Andrew Niccol, Niccol, Mohamed Hassan, Ali, we’ve Organizations: Zealand's, REUTERS, Hollywood Reporter, Muslim Association of Canterbury, New Zealander, Hollywood, Radio New Zealand, Thomson Locations: Hagley Park, Al, Noor, Christchurch , New Zealand, Christchurch, Australian, New, Auckland, New Zealand
Overall, a median of 74 percent has confidence in Biden to “do the right thing” in world affairs, according to Pew. But 44 percent in Taiwan and 43 percent in Greece say the U.S. is not very or not at all reliable, the survey found. And favorability in Taiwan is down slightly from 68 percent to 61 percent, compared to a 2019 Pew poll. However, a median of only 50 percent of respondents said in the Pew survey that they believe American democracy is working well. Pew noted that when former President Barack Obama took office in 2009, favorability increased compared to George W. Bush’s administration.
Persons: Donald Trump, Joe Biden, Biden, They're, , Pew . Pew, , America’s, Pew, Barack Obama, George W, Trump, favorability Organizations: Pew Research, Trump, Pew ., White House, U.S Locations: Europe, France, Germany, Italy, Netherlands, North America, Asia, Pacific, Britain, United States, Australia, Belgium, Canada, Greece, Japan, New Zealand, Singapore, South Korea, Spain, Sweden, Taiwan, U.S, New Zealanders, American
Muslim characters were almost entirely absent from 200 top-grossing movies in recent years, according to the latest study from the Annenberg Inclusion Initiative at the University of Southern California. When they were represented, the study found, many were associated with violence and other potentially harmful stereotypes. It comes as the entertainment industry faces growing scrutiny over issues of diversity, representation and inclusion across movies, television and other media. The authors, pointing to their qualitative analysis, said roughly one-third of Muslim characters were perpetrators of violence and more than half were targets of violence. "By presenting Muslims in an abundance of storylines, audiences can see and resonate with the innumerable experiences of Muslims from all walks of life."
Persons: Riz Ahmed, ” Ahmed, Baab Khan, Khan Organizations: Annenberg, University of Southern, New Zealand, Popular, Ford Foundation, Pillars Fund, Pew Research Center Locations: University of Southern California, United States, United Kingdom, Australia, New, Mumbai, U.S
U.S., Taiwan officials discuss trade, plan meeting 'in coming weeks'-USTR
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.98   time to read: +2 min
U.S. Trade Representative Katherine Tai testifies before the Senate Finance Committee on Capitol Hill in Washington, U.S., May 12, 2021. Susan Walsh/Pool via REUTERS/File PhotoUnited States Trade Representative Katherine Tai discussed trade and investment issues with Taiwan minister John Deng on Thursday and agreed to convene a meeting of the countries' Trade And Investment Framework Agreement Council "in coming weeks", Tai's office said in a statement. "Ambassador Tai emphasized the importance of the U.S.-Taiwan trade and investment relationship and explained the Biden-Harris administration's worker-centered trade priorities," USTR said. Taiwan has long angled for a free trade deal with the United States, but trade and investment talks between the two have been stalled since the Obama administration. The outcome could affect trade talks with Washington.
Persons: Katherine Tai, Susan Walsh, John Deng, Tai, Harris, USTR, Antony Blinken, Biden, Obama, Barack Obama, Donald Trump's, Robert Lighthizer Organizations: Trade, Senate, Capitol, United States Trade, U.S ., Biden, Reuters, American Institute, Cultural, World Trade Organization, New Zealand, Washington, Thomson Locations: Washington , U.S, Taiwan, U.S, Washington, Beijing, United States, Taipei, China, Singapore, New
FILE PHOTO: An Apt F retailer goes wholesale shopping on the Faire platform that connects small brands with small retailers in this picture taken in Austin, U.S., August 2019. Faire/Handout via REUTERS(Reuters) - Online wholesale marketplace Faire said on Thursday it raised $260 million in its latest funding round and is now valued at $7 billion, thanks to the fast growth in e-commerce following the pandemic. Faire helps small retailers connect with small brands, helping them to compete with retail giants like Amazon.com Inc or Walmart Inc, said Faire Chief Executive and co-founder Max Rhodes. Following its success in the U.S. market, Faire expanded into Europe three months ago and is seeing fast growth there, said Rhodes. “We’re still in the single-digit online penetration for the wholesale market,” said Sequoia partner Ravi Gupta.
Persons: Max Rhodes, , Rhodes, “ We’re, Ravi Gupta, Organizations: REUTERS, Reuters, Amazon.com Inc, Walmart Inc, Zealand, Sequoia Capital Locations: Austin , U.S, United States, U.S, Europe
Online wholesale marketplace Faire raises $260 mln, valued at $7 bln
  + stars: | 2021-06-10 | by ( Jane Lee | ) www.reuters.com + 1.00   time to read: +2 min
An Apt F retailer goes wholesale shopping on the Faire platform that connects small brands with small retailers in this picture taken in Austin, U.S., August 2019. Faire/Handout via REUTERSOnline wholesale marketplace Faire said on Thursday it raised $260 million in its latest funding round and is now valued at $7 billion, thanks to the fast growth in e-commerce following the pandemic. Faire helps small retailers connect with small brands, helping them to compete with retail giants like Amazon.com Inc (AMZN.O) or Walmart Inc (WMT.N), said Faire Chief Executive and co-founder Max Rhodes. Following its success in the U.S. market, Faire expanded into Europe three months ago and is seeing fast growth there, said Rhodes. “We're still in the single-digit online penetration for the wholesale market,” said Sequoia partner Ravi Gupta.
Persons: Max Rhodes, , Rhodes, “ We're, Ravi Gupta, , Eric Newcomer Organizations: REUTERS Online, Amazon.com Inc, Walmart Inc, Zealand, Sequoia Capital, Thomson Locations: Austin , U.S, United States, U.S, Europe
Australia, NZ dlrs play defence as bond yields fall further
  + stars: | 2021-06-10 | by ( Wayne Cole | ) www.reuters.com + 0.00   time to read: +2 min
A break of support at $0.7724 would risk a return to last week’s lows around $0.7650. The kiwi dollar eased to $0.7178, and further away from a $0.7242 top early in the week. The risk is all the greater as investors seemed to be wagering on a benign outcome with 10-year Treasury yields dropping to a one-month low overnight. Local bonds performed even better as Australian 10-year yields fell to their lowest in four months at 1.458%, a drop of 18 basis points for the week. That was the sharpest weekly fall since June last year and took yields 2 basis points below their U.S. counterpart, the first negative spread since March.
Persons: David Plank, , Plank, Bonds, Ana Nicolaci da Organizations: SYDNEY, New, Federal Reserve, U.S ., ., Reserve Bank of Australia, ANZ Locations: New Zealand, Ana Nicolaci da Costa
Asian shares hold range as investors eye U.S. CPI
  + stars: | 2021-06-10 | by ( Swati Pandey | ) www.reuters.com + 0.00   time to read: +3 min
SYDNEY (Reuters) - Asian shares edged higher but held their recent trading range on Thursday as investors focussed on U.S. inflation data and the risk of an upside surprise that could prompt the Federal Reserve to start tapering its massive stimulus. REUTERS/Kim Kyung-Hoon/File PhotoMSCI’s broadest index of Asia-Pacific shares outside Japan were marginally higher at 700.6 points, but stayed in the 698-712 points range it has traded in since late May. [.N]Markets are looking to the European Central Bank (ECB)policy meeting later in the day where it will likely keep its policy guidance unchanged and publish updated euro area macroeconomic projections. Brent crude futures fell 22 cents to 72 a barrel, while U.S. crude futures were 27 cents lower at $69.69 a barrel. The euro was a tad weaker at $1.2169 ahead of the ECB meeting while the British pound eased to $1.4100.
Persons: Kim Kyung, Dow, , coronavirus lockdowns Organizations: SYDNEY, Federal Reserve, REUTERS, Japan’s Nikkei, Morgan, Treasury, Nasdaq, European Central Bank, U.S, CPI, Reuters, ANZ, Brent, ECB, New Zealand Locations: Tokyo, Japan, Asia, Pacific, Treasuries, coronavirus
Asian shares in tight range ahead of U.S. CPI, ECB meeting
  + stars: | 2021-06-10 | by ( Swati Pandey | ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Kim Kyung-Hoon/File PhotoIn early European trades, the pan-region Euro Stoxx 50 futures added 0.52% and German DAX futures rose 0.1%, as did London’s FTSE futures. MSCI’s broadest index of Asia-Pacific shares outside Japan gained to 703.7 points, but stayed in the 698-712 points range it has traded in since late May. [.N]Markets are looking to the European Central Bank (ECB) policy meeting later in the day where it will likely keep its policy guidance unchanged and publish updated euro area macroeconomic projections. Brent crude futures fell 51 cents to 71.71 a barrel, while U.S. crude futures were 46 cents lower at $69.50 a barrel. The euro was a tad weaker at $1.2162 ahead of the ECB meeting while the British pound eased to $1.4105.
Persons: Kim Kyung, DAX, Dow, Organizations: SYDNEY, Federal Reserve, REUTERS, Japan, Japan’s Nikkei, Morgan, Treasury, Nasdaq, European Central Bank, U.S, CPI, Reuters, ANZ, Brent, ECB, New Zealand Locations: Tokyo, Japan, Asia, Pacific, U.S, Treasuries, United States
Dollar oscillates as market digests U.S. inflation data, ECB
  + stars: | 2021-06-10 | by ( Sinéad Carew | ) www.reuters.com + 0.00   time to read: +4 min
NEW YORK (Reuters) - The dollar index was down slightly on Thursday in a choppy session in which it alternated between losses and gains as investors digested elevated U.S. inflation data and commentary from the European Central Bank. FILE PHOTO: U.S. dollar notes are seen on a desk at a currency exchange booth in Karachi, Pakistan December 3, 2018. The yen traded at 109.5850 per dollar, also down slightly from Wednesday. The data today didn’t give enough lift to commit to one side or the other,” said Trang. Traders sent longer-term U.S. Treasury yields higher after Thursday’s inflation data steepening a closely watched part of the yield curve.
Persons: Akhtar Soomro, , Minh Trang, bitcoin Organizations: YORK, European Central Bank, REUTERS, Valley Bank, Zealand, Deutsche, Investors, Trang . Traders, Treasury, RIC Locations: Karachi, Pakistan, U.S, Trang, Norway, Sweden
Taiwan ‘cautiously optimistic’ on resuming U.S. trade talks, official says
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.98   time to read: +2 min
REUTERS/Stephen LamTaiwan is “cautiously optimistic” about resuming stalled high level trade talks with the United States this year, a senior official said on Thursday, after U.S. Secretary of State Antony Blinken signalled a possible resumption. Taiwan has long angled for a free trade deal with the United States, but trade and investment talks between the two have been stalled since the Obama administration. A senior official at Taiwan's Economy Ministry told Reuters they hope to resume the Trade and Investment Framework Agreement(TIFA) talks this year. read moreTIFA talks stalled after former President Barack Obama left office in 2016 and his successor Donald Trump's trade representative, Robert Lighthizer, focused on trade talks with China, the world's second-largest economy. The outcome could affect trade talks with Washington.
Persons: Tsai Ing, Stephen Lam, , Antony Blinken, Biden, Obama, Blinken, Barack Obama, Donald Trump's, Robert Lighthizer Organizations: REUTERS, U.S, Taiwan's Economy Ministry, Reuters, Trade, World Trade Organization, New Zealand, Washington, Thomson Locations: Taiwan, United States, America, Burlingame , California, U.S, Stephen Lam Taiwan, Beijing, China, Singapore, New
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