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"What's going on in China is going to take centre stage," said Joseph Capurso, head of international and sustainable economics at Commonwealth Bank of Australia. MUFG analysts noted that more cautious remarks from Fed officials were also been a factor in the dollar losing some momentum on Tuesday. The major factor driving dollar moves in recent months has been market expectations of how aggressively the Federal Reserve will raise rates. The dollar fell 0.5% on the offshore yuan to 7.1412, having gained 0.7% overnight. The lending unit suspended redemptions last week, citing fallout from the collapse of FTX, which filed for bankruptcy on Nov 11.

☆ China's key money rate hits near 2-year low, but softening seen fleeting
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +3 min

SHANGHAI, Nov 22 (Reuters) - Liquidity conditions in China's interbank money markets eased further on Tuesday, as cash supply far outpaced demand, despite a huge withdrawal of funds by the central bank. Traders said declines in interbank rates were largely due to looser cash conditions after financial institutions cut leverage this month. While most other major economies are raising interest rates to tame inflation, Beijing is focusing more on propping up a slowing economy by keeping money rates low. And many market participants had taken advantage of the low repo rates to fund leveraged trades in bonds, traders said. However, markets are divided whether the falls in the money rates would be sustainable.

☆ Morning Bid: COVID blues
▼ + stars: | 2022-11-22 | by ( Kirsty Needham | ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Anshuman Daga:A nationwide spike in COVID-19 cases in China is again the main talking point for weary global markets on Tuesday as Beijing shut parks and museums and more cities resumed mass testing. Last week finance minister Jeremy Hunt announced tax hikes and spending cuts to fix the country's balance sheet and its economic policy reputation after former prime minister Liz Truss's controversial "mini-budget". Brent crude futures steadied at $87.85 a barrel after plunging by more than $5 a barrel to 10-month lows. Still, Brent crude is up 13% so far this year, marking one of the strongest performances in any asset class. Concerns about Genesis follow the collapse of FTX, one of the world's biggest crypto exchanges, which has shattered investor confidence.

read moreTwo-year yields crept back up to 4.46%, retracing a little of last week's sharp inflation-driven drop of 33 basis points to a low of 4.29%. The bond market's warnings of recession were not what Wall Street wanted to hear, and they left S&P 500 futures flat on Friday, while Nasdaq futures inched up 0.1%. EUROSTOXX 50 futures added 0.7% and FTSE futures 0.3%. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) bounced 0.6%, after slipping for two sessions. The dollar edged up to 140.20 yen and away from its recent low of 137.67, but faced resistance around 140.70/80.

☆ Morning Bid: Cat, mouse and 5%
▼ + stars: | 2022-11-18 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike Dolan. The cat-and-mouse game between the Fed and financial markets has intensified around 5% peak interest rates next year as next week's Thanksgiving holiday hoves into view. In Europe, the euro , euro bond yields and bank stocks (.SX7P) climbed on Friday as the European Central Bank prepared for the start the biggest withdrawal of cash from the euro zone's banking system in its short history. The crypto world continued to lick its wounds amid unfolding revelations and reverberations surrounding the collapse of exchange FTX. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Shares and pound splutter as UK dishes out budget gruel
▼ + stars: | 2022-11-17 | by ( Marc Jones | ) www.reuters.com time to read: +6 min

[1/3] Pound and Dollar banknotes are seen in this picture illustration taken June 13, 2017. Pound and UK Gilt recover from 'mini budget' turmoilOvernight in Asia, grim signals from Micron Technology about excess inventories and sluggish demand sent chipmaker stocks sprawling. Mainland Chinese shares also wobbled, with blue chips there (.CSI300) falling 0.5% having ripped 10% higher this month. Traders will also scrutinise speeches from Fed officials on Thursday for hints about rate hikes. Crude oil steadied in Europe after settling more than a dollar lower overnight, following the resumption of Russian oil shipments via the Druzhba pipeline to Hungary and as rising COVID-19 cases in China weighed on sentiment.

"The softer inflation data took some wind out of the dollar's sails," said Joe Manimbo, senior market analyst at Convera in Washington. "The dollar is steadier because we're having this residual, geopolitical skittishness as well as signs of a fairly sturdy U.S. economic backbone in the forms of U.S. retail sales." Retail sales rose 1.3% in October, more than the 1.0% increase that economists polled by Reuters had forecast. The dollar briefly pared losses on release of the retail sales data, but later fell against the euro to trade little changed against major currencies. Yields fell further on the market's benign inflation outlook.

☆ Gold firms on Fed slowdown hopes, latest Russia jitters
▼ + stars: | 2022-11-16 | by ( ) www.cnbc.com time to read: +1 min

One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Spot gold held its ground at $1,776.50 per ounce, as of 0103 GMT, after hitting its highest since Aug. 15 in the previous session. U.S. gold futures rose 0.2% at $1,780.40 per ounce. But, safe-haven gains for the dollar limited greenback-priced gold's advance as the U.S. unit rose 0.2% against its rivals. Spot silver eased 0.2% to $21.48 per ounce.

[1/4] The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. Equities were boosted by Tuesday's inflation report that showed producer prices rising 8% in the 12 months through October against an estimated 8.3% rise. The gains built on a rally that was kicked off late last week by a cooler-than-expected report on consumer prices. "The decline was triggered by reports of a Russian missile landing in Poland," said Steve Sosnick, chief strategist at Interactive Brokers. About 13.1 billion shares changed hands in U.S. exchanges, compared with the 12.2 billion daily average over the last 20 sessions.

☆ Shares and bonds chastened as Fed, ECB urge care
▼ + stars: | 2022-11-14 | by ( Lawrence White | ) www.reuters.com time to read: +5 min

Meanwhile dovish comments from European Central Bank policymaker Fabio Panetta saw European bond yields ease, but short-dated rates remained within striking distance of multi-year highs. Panetta said the ECB needs to avoid overtightening as that could destroy productive capacity and deepen a recession. The benchmark European STOXX index rose 0.26% (.STOXX), and MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.6%, after jumping 7.7% last week. The dollar index was last seen on Monday at 106.86, still well short of last week's 111.280 top , while the euro eased a touch to $1.032 , after climbing 3.9% last week. The firming dollar also dragged down oil prices, despite the hopes of a demand boost from China's hints at reopening.

☆ Shares and bonds chastened as Fed urges caution
▼ + stars: | 2022-11-14 | by ( Lawrence White | ) www.reuters.com time to read: +5 min

The benchmark European STOXX index rose 0.15% (.STOXX), and MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.5%, after jumping 7.7% last week. EYES ON CHINAChinese stocks gained on reports that regulators have asked financial institutions to extend more support to stressed property developers. The support for China's property sector, which consumes a vast amount of metals, boosted copper towards a five-month high. The dollar index was last seen on Monday at 107.15, still well short of last week's 111.280 top , while the euro eased a touch to $1.02875 , after climbing 3.9% last week. The firming dollar also dragged down oil prices, despite the hopes of a demand boost from China's hints at reopening.

A modest miss on U.S. inflation on Thursday put pressure on the dollar , which declined almost 4% in a week, marking its worst week in more than two and half years. But Waller said on Sunday that the inflation print last week was "just one data point" and that other similar readings would be needed to show convincingly that inflation was slowing. Waller did add, however, that the Fed could now start thinking about hiking at a slower pace. U.S. inflation will likely remain high and keep the Fed on its monetary tightening path, Kong said. Elsewhere, the Japanese yen weakened 0.9% versus the greenback to 140 per dollar, while the euro was down 0.2% at $1.0324.

☆ Gold eyes best week since March on hopes of less aggressive Fed
▼ + stars: | 2022-11-11 | by ( ) www.cnbc.com time to read: +2 min

One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Gold prices eased on Friday, but were set for their biggest weekly gain in more than eight months, as U.S. data pointing to slowing inflation boosted hopes that the Federal Reserve would slow its aggressive rate hikes. The dollar index steadied after Thursday's fall but was headed for its biggest weekly drop since March 2020. U.S. consumer prices rose less than expected in October, indicating that inflation was slowing, which raised hopes that the Fed will begin scaling back its hefty rate hikes. Gold is considered a hedge against inflation, but rising interest rates increase the opportunity cost of holding non-yielding bullion.

☆ Dollar catches breath while investors await midterms; cryptos skittish
▼ + stars: | 2022-11-09 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

The greenback has been under downward pressure from bets on the Federal Reserve easing back on interest rate rises and on China reopening and driving growth. It touched multi-week lows against the euro, Australian dollar and New Zealand dollar overnight, then edged off those levels during the Asia session. Some analysts view likely Congressional gridlock as a slight negative for the dollar if it limits fiscal spending. MORE TO DOLooming on Thursday is U.S. inflation data. The New Zealand dollar wobbled 0.3% lower to $0.5942.

☆ Dollar wobbles while investors await midterms; cryptos skittish
▼ + stars: | 2022-11-09 | by ( Tom Westbrook | Anant Chandak | ) www.reuters.com time to read: +2 min

It touched multi-week lows against the euro, Australian dollar and New Zealand dollar overnight, then edged off those levels early in the Asia session. "We all know the dollar will probably turn at some point - when is the big question," said Bank of Singapore currency analyst Moh Siong Sim. Investors expect Republican gains, and some analysts view likely Congressional gridlock as a slight negative for the dollar if it limits fiscal spending. On Thursday, U.S. inflation data is on the horizon. The New Zealand dollar wobbled 0.1% lower to $0.5951.

[1/3] U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Some analysts say that outcome could be positive for bonds and negative for the dollar if it leads to less fiscal stimulus. The euro touched $1.003 in Asia trade, its highest in nearly two weeks, before sliding to trade down a touch straddling the $1 level. The Japanese yen hit a one-week high of 146.35 per dollar. COVID POLICYAnother factor that has weighed on the dollar in recent days was speculation that China might relax aspects of its dynamic zero COVID policy.

☆ Dollar catches footing ahead of U.S. midterms
▼ + stars: | 2022-11-08 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

[1/3] U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/IllustrationSINGAPORE, Nov 8 (Reuters) - The dollar steadied during Asia trade on Tuesday after some of the momentum ebbed out of bets on China's reopening, and as traders looked ahead to U.S. midterm elections. Some analysts say that outcome could be positive for bonds and negative for the dollar if it leads to less fiscal stimulus. Sterling , which surged on Monday, was 0.2% weaker at $1.1490, with focus there on fiscal update expected on Nov. 17. The Japanese yen hit a one-week high of 146.35 per dollar.

☆ FTSE 100 steady, midcaps fall ahead of key Fed meeting
▼ + stars: | 2022-11-02 | by ( Johann M Cherian | ) www.reuters.com time to read: +2 min

UK pharmaceuticals stocks (.FTNMX201030) rose 1.2% after GSK (GSK.L) said it expects sales to rise between 8% and 10%, sending its shares up 1.2%. The blue-chip FTSE 100 (.FTSE) was flat, while the mid-cap FTSE 250 (.FTMC) fell 0.4% by 0934 GMT, dragged down by budget airline Wizz Air (WIZZ.L) after it said uncertainty for consumers rose. Third-quarter earnings among companies on the FTSE 100 have so far painted a mixed picture, as some firms performed better than expected as COVID restrictions eased globally, while some battled supply chain snags and surging inflation. British American Tobacco Plc fell 3%, to the bottom of FTSE 100, after Goldman Sachs downgraded its performance rating for the stock to "neutral". Reporting by Johann M Cherian in Bengaluru; Editing by Dhanya Ann Thoppil and Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Dollar, bond yields rise ahead of pivotal rate hikes
▼ + stars: | 2022-10-31 | by ( Marc Jones | ) www.reuters.com time to read: +6 min

Combined with news that Italy's economy grew far more strongly than expected in the third quarter, euro zone bond yields moved higher EUR/GVD although the euro succumbed to another bout of U.S. dollar strength. /FRX"A lot of data is coming out this week and lot of central banks are meeting," said Societe Generale strategist Kit Juckes. Palm oil futures rose nearly 5%. In the oil markets, Brent crude futures fell 1% to $94.65 a barrel, while spot gold was fractionally lower at $1,637 an ounce in the precious metals markets. Additional reporting by Tom Westbrook in Singapore; Editing by Kirsten Donovan and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks splutter, euro falls ahead of euro zone inflation data
▼ + stars: | 2022-10-31 | by ( Marc Jones | ) www.reuters.com time to read: +6 min

,Euro zone October inflation numbers due shortly are seen hitting a fresh record of 10.2% year on year, in what will make for more uncomfortable reading for the European Central Bank, which is targeting 2% price growth. Combined with news that Italy's economy grew far more strongly than expected in the third quarter, euro zone bond yields moved higher EUR/GVD although the euro succumbed to another bout of U.S. dollar strength. /FRX"A lot of data is coming out this week and lot of central banks are meeting," said Societe Generale strategist Kit Juckes. We are now waiting for euro zone GDP and CPI. S&P 500 futures fell 0.2%, while Germany's 10-year government bond yield, the benchmark for the euro area, was up 5.5 basis points (bps) to 2.143%.

☆ Stocks rally wobbles as Fed hike draws near
▼ + stars: | 2022-10-31 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1%, though China stocks were held flat by disappointing economic data. The index is down ten months in a row and near two-year lows, rattled by growth and interest-rate hike fears. The mixed performance follows an erratic earnings season on Wall Street and bond and currency markets tempering some wagers on a change in tone from the Fed. S&P 500 futures fell 0.2%, while European futures rose 0.4%. Palm oil futures rose nearly 5%.

☆ Asia stocks creep higher on hopes Fed will tone down hikes
▼ + stars: | 2022-10-31 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

But China stocks fell following weak economic data, and the MSCI index is set for a tenth consecutive monthly loss. The performance follows a Friday rally on Wall Street but comes with bond and currency markets tempering some wagers on a change in tone from the Fed. S&P 500 futures fell 0.2%. Corn futures rose 2%. Rates and Fed funds futures traders have now tempered initial optimism and see the funds rate hitting near 5% by May next year.

But for the past few months, bitcoin's price has bounced stubbornly around $20,000 in a sign that volatility in the market has settled. Large crypto investors with highly leveraged bets like Three Arrows Capital were floored by the pressure on prices, further accelerating the market's drop. Mastercard announced a service that allows banks to offer crypto trading, having previously launched a new blockchain security tool for card issuers. In a note released Thursday, analysts at the bank said there were parallels with bitcoin's trading in Nov. 2018, when prices steadied for a while before rising steadily. Publicly-traded bitcoin miners sold 12,000 bitcoins in June and only around 3,000 in September, according to Goldman Sachs.

☆ Barcelona Bet Its Financial Future on the Champions League—and Lost in the Group Stage
▼ + stars: | 2022-10-27 | by ( Joshua Robinson | ) www.wsj.com time to read: 1 min

Earlier this month, the president of FC Barcelona stood before the club’s members and made a momentous announcement. After two years of relentless turmoil, Joan Laporta said, “Together we have saved the club.”The process of climbing out from more than $1.4 billion of debt had been brutal, but through a series of commercial maneuvers that included renaming Barça’s historic stadium, the club had just about steadied itself. As long as it could count on the lavish prize money and television payments from playing in the Champions League, everything would be fine.

☆ Dollar sags as bets build for less hawkish Fed
▼ + stars: | 2022-10-26 | by ( ) www.cnbc.com time to read: +4 min

The dollar wallowed near a three-week low versus major peers on Wednesday as more signs of economic weakness in the United States fanned speculation about a less hawkish Federal Reserve. The euro also remained near a six-week high, trading less than half a cent from parity with the greenback. The European Central Bank decided policy on Thursday and is widely expected to raise rates by 75 basis points. The dollar reached a 32-year top at 151.94 yen on Friday, but was then beaten back as far as 144.55 amid two bouts of suspected Bank of Japan intervention either side of the weekend. "A further pullback in the U.S. dollar seems to be the Aussie's best chance of sustaining pushes above $0.64.

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