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A guest speaks on a mobile phone as she arrives for the French telecoms operator Iliad's media conference in Milan, Italy, May 29, 2018. REUTERS/Stefano Rellandini/File Photo Acquire Licensing RightsAug 30 (Reuters) - French telecom provider Iliad reported a more than 4% rise in half-year core profit on Wednesday, supported by gains across markets and the expansion of its activities in Italy. Telecommunications companies across Europe have been hit by rising energy prices, infrastructure costs to deploy fibre and 5G coverage, and a slowdown in subscriber growth. The group remains on the lookout for potential acquisitions in Italy after its 2022 Vodafone bid was rejected, he said. ($1 = 0.9204 euros)Reporting by Stéphanie Hamel and Victor Goury-Laffont in Gdansk; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

Persons: Stefano Rellandini, Thomas Raynaud, Raynaud, Stéphanie Hamel, Victor Goury, Milla Nissi Organizations: REUTERS, French, Orange, Telecommunications, Free Mobile, U.S, Telecom Italia's, Vodafone, Thomson Locations: Milan, Italy, France, Poland, Europe, Laffont, Gdansk

An electronic board shows Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China October 25, 2022. "It's pretty weak," said Sat Duhra, a portfolio manager at Janus Henderson who devises a macro score for countries by tracking seven factors including PMI surveys, real exchange rates, current accounts, growth estimates and liquidity. Even in Japan, the stock market success story of the year so far, portfolio manager Zuhair Khan at UBP Investments says he's shorting or avoiding companies reliant on China sales. However, I think more importantly, it has fallen short of initial expectations," said Jagdeep Ghuman, a portfolio manager for U.S. asset manager Nuveen. Reporting by Tom Westbrook and Rae Wee in Singapore, Dhara Ranasinghe in London and Summer Zhen and Xie Yu in Hong Kong.

Persons: Aly, Janus Henderson, Seema Shah, Zuhair Khan, Prashant Bhayani, it's, Jagdeep Ghuman, Nuveen, Tom Westbrook, Rae Wee, Dhara, Zhen, Xie Yu, Sam Holmes Organizations: REUTERS, Rights, BHP, PMI, Global Investors, UBP Investments, Vegas Sands, Wealth Management, U.S, Thomson Locations: Shanghai, Shenzhen, China, Rights SINGAPORE, London, Bangkok, Zealand, Europe, Thailand, Asia, Japan, Singapore, Hong Kong

[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. Profit-taking weighed on shares across the board, with the MSCI All Country stock index (.MIWD00000PUS) down 0.36%. Profit-taking also took hold in Europe, where European stocks (.STOXX) gave up earlier gains to edge down 0.37%. EASING YIELDSGovernment bond yields eased, adding to a sense of relief across markets. In currency markets, the dollar index, which measures the greenback against a basket of six other major currencies , added 0.474%, and remains higher over the month.

Persons: Brendan McDermid, Dow Jones, Jerome Powell, Patrick Harker, Harker, Robert Alster, Zhang Zihua, Koh Gui Qing, Tom Wilson, Julie Zhu, Kirsten Donovan, Matthew Lewis Organizations: New York Stock Exchange, REUTERS, Nasdaq, Investors, Federal, Federal Reserve Bank of Philadelphia, CNBC, Profit, Asset Management, Nvidia, Beijing Yunyi Asset Management, Brent, . West Texas, Hong, Thomson Locations: New York City, U.S, United States, Jackson Hole , Wyoming, Europe, Turkish, Asia, Pacific, Japan, China, Beijing, New York, London, Hong Kong

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 23, 2023. U.S. stocks ended sharply higher on Wednesday and shares of Nvidia jumped nearly 10% in trading after the bell, hitting an all-time high. EASING YIELDSGovernment bond yields eased, adding to a sense of relief across markets. Euro zone yields hit multi-week lows with Germany's 10-year yield 1.5 bps lower at 2.50%, having touched a 2-week low of 2.448%. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) closed 1.5% higher, also lifted by Nvidia's bullish outlook.

Persons: Chipmakers, Jerome Powell, Robert Alster, Zhang Zihua, Tom Wilson, Julie Zhu, Toby Chopra, Kirsten Donovan Organizations: REUTERS, Staff, Federal, Asset Management, Nvidia, Beijing Yunyi Asset Management, Thomson Locations: Frankfurt, Germany, Jackson Hole , Wyoming, U.S, Turkish, United States, Asia, Pacific, Japan, China, Beijing, London, Hong Kong

☆ Oil prices flat as rates anxiety, China gloom offset tighter supply
▼ + stars: | 2023-08-21 | by ( ) www.cnbc.com time to read: +2 min

Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. Oil prices were steady on Monday with Brent staying above $80 a barrel, as investors balanced tightening supply driven by OPEC+ cuts with nagging concerns about global demand growth amid high interest rates. Brent crude dipped 8 cents to $84.72 a barrel by 0033 GMT while U.S. West Texas Intermediate crude was at $81.28 a barrel, up 3 cents. The September WTI contract expires on Tuesday and the more active October contract eased 3 cents to $80.63 a barrel. China's renewed economic weakness has raised questions over whether its oil demand can remain resilient, they said.

Persons: Brent, China's, Baker Hughes Organizations: Chevron Corp, Brent, West Texas, U.S ., ANZ, Organization of, Petroleum Locations: San Ardo , California, U.S, Russia, OPEC, Saudi, China

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.1%, to settle at $81.25 a barrel, and Brent crude futures rose 68 cents, or 0.8%, to settle at $84.80 a barrel. Those concerns, spurred on by output cuts from the Organization of the Petroleum Exporting Countries and allies, helped oil prices gain for seven straight weeks since June. Higher borrowing costs can impede economic growth and in turn reduce overall demand for oil. Hatfield said he expects demand to hold up in China despite its slowing economy and forecast oil prices would trade between $75 to $90 a barrel over the coming months.

Persons: Brent, WTI, Rob Haworth, Haworth, Jay Hatfield, Hatfield, Shariq Khan, Natalie Grover, Paul Carsten, Sudarshan, Shri Navaratnam, Jamie Freed, Conor Humphries, Jane Merriman, Barbara Lewis, David Gregorio Our Organizations: REUTERS, West Texas, Brent, Organization of, Petroleum, U.S, Bank Asset Management, U.S . Federal Reserve, Infrastructure Capital Management, Thomson Locations: Zhoushan, Zhejiang province, China, BENGALURU

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. "Prices are likely to remain range-bound for now," Haworth said, adding that demand is in question for investors worried by the weak data from China. Higher borrowing costs can impede economic growth and in turn reduce overall demand for oil. Oil benchmarks were further depressed by seasonal demand weakness heading into the autumn, said Jay Hatfield, CEO of Infrastructure Capital Management. Hatfield said he expects demand to hold up in China despite its slowing economy and forecast oil prices would trade between $75 to $90 a barrel over the coming months.

Persons: Brent, Rob Haworth, Haworth, Jay Hatfield, Hatfield, WTI, Natalie Grover, Paul Carsten, Sudarshan, Shri Navaratnam, Jamie Freed, Conor Humphries, Jane Merriman, Barbara Lewis Organizations: REUTERS, U.S . West Texas, U.S, Bank Asset Management, U.S . Federal Reserve, Infrastructure Capital Management, Organization of, Petroleum, Thomson Locations: Zhoushan, Zhejiang province, China, BENGALURU, U.S, London, Singapore

☆ Oil prices down on weaker growth in China, U.S. rate hike jitters
▼ + stars: | 2023-08-17 | by ( ) www.cnbc.com time to read: +1 min

Oil prices fell in early trade on Thursday, extending losses to a fourth consecutive session on fears of slowing growth in China and possible further U.S. interest rate hikes weakening fuel demand in the world's two biggest economies. Brent crude futures fell 37 cents, or 0.44%, to $83.08 a barrel, while U.S. West Texas Intermediate crude was down 39 cents, or 0.49%, to $78.99 a barrel at 0038 GMT. "A risk off tone across markets weighed on sentiment across commodities, compounded by further economic weakness in China," ANZ Research said in a note. Minutes of the U.S. Federal Reserve's July meeting released on Wednesday are also weighing on oil prices, as they showed that most of the central bank's officials continued to prioritize the battle against inflation. The minutes "showed most officials noted significant upside to inflation means we may see more tightening ...

Organizations: Brent, U.S, West Texas, ANZ Research, U.S . Federal Locations: China, China's, U.S .

☆ Exchange operator Cboe's profit rises on swelled up trading volumes
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

People walk by the Chicago Board Options Exchange (CBOE) Global Markets headquarters building in Chicago, Illinois, U.S., September 19, 2018. REUTERS/Michael Hirtzer/File PhotoAug 4 (Reuters) - Exchange operator Cboe Global Markets (CBOE.Z), on Friday reported a rise in its quarterly profit, driven by swelled up trading volumes as markets continue to rebound from last year. The Chicago-based group, which provides trading platforms for equities, foreign exchange and derivative products across markets in different regions, saw its net revenue rise 10% to $467.1 million. Cboe's results wrap up a strong quarter for exchange operators. Its peer, New York Stock Exchange-parent Intercontinental Exchange (ICE.N), also reported upbeat results on Thursday.

Persons: Michael Hirtzer, Investors, Cboe, Jaiveer Singh, Milla Nissi Organizations: Chicago, Exchange, REUTERS, Cboe, New York Stock Exchange, Intercontinental Exchange, Thomson Locations: Chicago , Illinois, U.S, Chicago, Bengaluru

☆ Goldman Sachs' summer internships are coming to a close. A former intern turned partner breaks down the 5 secrets to successfully snagging a return offer.
▼ + stars: | 2023-08-04 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +12 min

This summer Goldman hosted 2,970 interns, about 500 of whom were placed in the investment bank, according to stats provided by Goldman. They advised future Goldman interns to learn how to multitask and have a solutions-oriented mindset, among other suggestions. "You go into someone's office, you don't sit there and say, 'I don't know how to do this,'" he said. As selective as the application process is, Goldman summer analysts are not expected to know how to do their jobs before they start. "I said, I'm really nervous, I don't know how to model.

Persons: Goldman Sachs, Dave Friedland debunks, Stephenson, —, it's, Goldman, Dave Friedland, India Stephenson, Friedland, David Freidland Goldman Sachs Friedland, we've, It's, Princeton University —, they're, who's, I'm Organizations: Wall, Cross Markets, Investment Banking, Committee, Columbia University, University of Michigan, Princeton University Locations: dealmaking, India

But the benign reaction across markets to the BOJ's latest "yield curve control" tweak suggests BOJ Governor Kazuo Ueda may have timed this one just right. In those eight months global inflation has topped out and is now clearly falling, and major central banks are closer to "peak rates." Barclays analysts reckon the BOJ will scrap YCC in October, which would be "sufficiently justified" by Japan's strengthening inflation dynamics. BOJ GETS MARKET BUY-INWhenever the BOJ decides to start offloading its JGBs, there will be plenty of pent-up demand. But the early signs suggest investors believe the BOJ has timed it right and can, to coin a phrase, achieve its own "soft landing."

Persons: Issei Kato, Kazuo Ueda, Government Bond, Jamie McGeever, Paul Simao Organizations: Bank of Japan, REUTERS, Government, Reuters, HSBC, Barclays, International Monetary Fund, U.S . Federal, European Central Bank, Reserve Bank of Australia, Thomson Locations: Tokyo, Japan, ORLANDO, Florida

☆ Morning Bid: Relief over US inflation keeps Asia upbeat
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +2 min

[1/2] A woman shops for groceries at El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. Indeed, Friday's rise in the yen put it within striking distance of its converging 100-day and 200-day moving averages near 137.00 to the dollar. The Reserve Bank of Australia was also in the spotlight in Asia, with the much-anticipated announcement of its next governor. The rest of the day is light on economic data with euro zone May trade, U.S. export and import prices and University of Michigan consumer sentiment the main releases. But it's a bumper day for bank earnings as JPMorgan Chase (JPM.N), Citigroup (C.N), Wells Fargo (WFC.N) and BlackRock (BLK.N) are all due to report second-quarter results.

Persons: Sarah Silbiger, Sonali Desai, Michele Bullock, JPMorgan Chase, Luis de Guindos, Edmund Klamann Organizations: El Progreso Market, Washington , D.C, REUTERS, Treasury, Bank of, People's Bank of China, The Reserve Bank of Australia, University of Michigan, JPMorgan, Citigroup, BlackRock, Hollywood, Central Bank, JPMorgan Chase, Thomson Locations: Mount Pleasant, Washington ,, Asia, Japan Asia, U.S, Wells Fargo, Brussels U.S

☆ Barry's CEO went from joining the gym to running the business in 11 years: I 'never expect to know what's next'
▼ + stars: | 2023-07-12 | by ( Chris Dilella | ) www.cnbc.com time to read: +10 min

In 2004, at the age of 26, Gonzalez took his first Barry's Bootcamp class in West Hollywood. "I had someone that I was dating at the time kind of challenged me to take a class," Gonzalez recalls. In 1998, entrepreneur Barry Jay established the inaugural Barry's Bootcamp in West Hollywood. And that was really how I like cut my teeth and got, you know, even more obsessed with the business," Gonzalez says. Joey Gonzalez Barry's CEOAfter North Castle Partners invested and named him CEO in 2015, Gonzalez started to build a strong leadership team.

Persons: Joey Gonzalez, Little, Gonzalez, Barry Jay, Barry's, Jonathan, Francesca, Jake, I've, What's Organizations: Entertainment, Barry's, Big Apple, North Castle Partners, Harvard Business School Locations: —, Los Angeles, West Hollywood, New York City, Cuban, Italian, Chicago, Instagram, COVID, Austin, Denver, New York, LA, Frankfurt, Berlin, Copenhagen, San Francisco

☆ Use of AI in finance likely to trigger rise in fraud, says UK watchdog
▼ + stars: | 2023-07-11 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

LONDON, July 12 (Reuters) - Applying artificial intelligence (AI) to financial services must go hand-in-hand with better fraud prevention and resilience to hacking and outages, Britain's Financial Conduct Authority (FCA) was expected to say on Wednesday. AI's use can benefit markets, such as cutting prices for consumers, but also cause imbalances if "unleashed unfettered", Rathi will say. "This means that as AI is further adopted, the investment in fraud prevention and operational and cyber resilience will have to accelerate simultaneously," Rathi will say. We will remain super vigilant on how firms mitigate cyber-risks and fraud given the likelihood that these will rise." The watchdog has already observed how volatility during the trading day has doubled and amplified compared to during the 2008 global financial crisis.

Persons: Nikhil Rathi, Rathi, Huw Jones, Mark Potter Organizations: Authority, Wednesday, Big Tech, Thomson

☆ Some investors are shunning Wall Street’s tech frenzy
▼ + stars: | 2023-07-07 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —While many on Wall Street have chased the monster rally in mega-cap tech stocks this year, exchange-traded fund (ETF) investors seem to be bucking the “all-in on tech stocks” trend and opting for a more diversified strategy. The Nasdaq Composite index has climbed about 31% for the year, powered by a handful of tech stocks that have soared on hype surrounding artificial intelligence. The Vanguard Information Technology Index Fund saw $955 million of net outflows in the first half of 2023 compared to $291 million net inflows in the first half of last year. Investors had piled into tech-focused ETFs last year when the sector had fallen out of favor, betting that tech stocks would recover, buoyed by an economy that remains resilient despite the Federal Reserve’s punishing pace of interest rate hikes. Now, investors are exiting these ETFs and reallocating their cash to quality stocks with strong balance sheets that can withstand a potential economic downturn, says Todd Rosenbluth, head of research at VettaFi.

Persons: Todd Rosenbluth, ”, Shelby McFaddin, Larry Fink, Bitcoin, ” Fink, Antoni Trenchev, Charles Schwab, Clare Duffy, paring, Elon Musk, it’s, Read Organizations: CNN Business, Bell, CNN, Vanguard Information Technology, Investors, “, Wealth, BlackRock, Fox Business, Federal Reserve, Fidelity Digital Assets, Citadel Securities, Facebook, Twitter, Meta

NEW YORK, July 5 (Reuters) - Family-owned food giant Mars Inc on Wednesday agreed to buy Kevin's Natural Foods, which is known for its sous-vide meals, sauces, and side dishes, the companies said. McLean, Virginia-based Mars, which generates about $48 billion in annual sales, has three major businesses - Mars Petcare, Mars Snacking, and Mars Food & Nutrition. After the deal is completed, Kevin's will operate as a standalone brand under the food and nutrition unit. Mars plans to grow its food business through more potential acquisitions in the near term, said Shaid Shah, global president at Mars Food & Nutrition. McCray launched Kevin's after he was diagnosed with an autoimmune disorder, as he wanted to build a food brand that focused on healthy diets.

Persons: Kevin's, Mars, Canin, Shaid Shah, Shah, Dan Costa, Kelsie Costa, Olson, Kevin McCray, McCray, Simpson Thacher, ArentFox Schiff, Sheppard Mullin, Anirban Sen, Abigail Summerville, Jamie Freed Organizations: YORK, Mars Inc, Mars Food, Nutrition, Mars, Heska Corp, Towerbrook Capital Partners, NewRoad Capital Partners, Unilever, Flagstone Foods, Campbell Soup, Citi, Burling, Wells, Wells Fargo Securities, Thomson Locations: McLean , Virginia, Modesto , California, North America, Bartlett, Covington, Wells Fargo, New York

☆ Russian ruble briefly reaches 15-month low after Wagner rebellion
▼ + stars: | 2023-06-26 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

New York CNN —Russia’s currency hit its lowest level in nearly 15 months on Monday after Wagner mercenaries led a short-lived rebellion against the Kremlin over the weekend. The ruble briefly traded at around 87 per US dollar before paring back some of its losses, last trading at around 84.40 against the greenback. The ruble stayed surprisingly resilient for most of last year, buoyed by the Russian central bank’s aggressive interest rate hikes and capital controls. It almost halved in value when Russia invaded Ukraine last February, trading at over 100 rubles against the dollar. While the ruble has recovered its losses since then, its relationship to the dollar has remained volatile and is down almost 25% so far this year.

Persons: Wagner, Brent Organizations: New, New York CNN, Kremlin, greenback, Texas Intermediate, Reuters Locations: New York, Russian, Russia, Ukraine

McKinsey says generative AI could add $7.3 trillion in value to the world economy each year and believes half of today's work activities could be automated between 2030 and 2060. The latest Bank of America survey in June showed 29% of global investors don't expect AI to increase profits or jobs. "There's a lot of focus on the risks that generative AI can bring. He sounded confident over the capacity of some professional information and data providers, which own proprietary data, to integrate generative AI into their products. Cristina Matti, small and midcaps portfolio manager at Amundi, said indiscriminate investing was not an option for investors seeking AI exposure.

Persons: Gilles Guibout, UK's Pearson, Chegg, Pearson, Thomas McGarrity, Andrea Scauri, Scauri, Capgemini, Cristina Matti, Danilo Masoni, Lucy Raitano, Chizu Organizations: Nvidia, McKinsey, AXA Investment, Bank of America, Microsoft, RBC Wealth Management, Accenture, Thomson Locations: MILAN, Europe, United States, Paris, Lemanik, Amundi

☆ Ritholtz’s Josh Brown talks crypto winter, the failure of blockchains and how to invest in digital assets
▼ + stars: | 2023-06-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

I don't think advisors really have any reason to be compelled to have these conversations with clients and clients aren't asking for it." "[If tomorrow you] woke up and there was no crypto … I don't think your life would change one iota. At the end of 2021, Ritholtz partnered with WisdomTree to launch the RWM WisdomTree Crypto Index to offer exposure to the crypto market through a financial advisor. "I don't think everyone has to, but if you want to, I think holding bitcoin outright is maybe the most common sense approach. "I don't think individual investors should be involved in bitcoin futures," he said, "because there's no passive way to do that.

Persons: Bitcoin, Josh Brown, There's, –, Brown, he's, Ritholtz, WisdomTree, … There's, It's, Gemini's Cameron, Tyler Winklevoss, You've Organizations: Ritholtz Wealth Management, CNBC Pro, Digital Assets, Financial Professionals, Advisors Locations: Austin , Texas, U.S, Brown

[1/2] Vodafone Group CEO Margherita Della Valle poses in this undated handout picture obtained by Reuters on May 16, 2023. "For Vodafone this transaction is a game changer in our home market," Della Valle, a 29-year company veteran, told reporters. That is likely to take time, but Kester Mann, a director at CCS Insight, said the British announcement would give Della Valle a boost. "She has shown clear intent to make changes at Vodafone as she bids to turn the embattled company's performance around," he said. "Securing approval for a tie-up with (Hutchison's) Three would be a major boost to her early tenure."

Persons: Margherita Della Valle, Della Valle, CK Hutchison, Nick Read, Kester Mann, Kate Holton, Sinead Cruise, Emelia Sithole Organizations: Vodafone, Reuters, Handout, REUTERS, HK, CCS Insight, Thomson Locations: Britain, Hong Kong, Germany, Spain, Italy, British

☆ Fewer people trust traditional media, more turn to TikTok for news, report says
▼ + stars: | 2023-06-13 | by ( Helen Coster | ) www.reuters.com time to read: +2 min

TikTok is the fastest growing social network in the report, used by 20% of 18- to 24-year-olds for news, up five percentage points from last year. Trust in the news has fallen by 2 percentage points in the last year, reversing gains made in many countries at the peak of the coronavirus pandemic. On average, 40% of people say they trust most news most of the time. Across markets, 56% of people say they worry about identifying the difference between real and fake news on the internet – up 2 percentage points from last year. Reporting by Helen Coster; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Rasmus Nielsen, Helen Coster, David Gregorio Our Organizations: YORK, Reuters Institute for, Journalism, Reuters, U.S, Trust, United, Thomson Reuters Foundation, Thomson Reuters, Thomson Locations: United States

☆ Meta plans new overview for Facebook, Instagram users, German regulator says
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

BERLIN, June 7 (Reuters) - Germany's cartel office said Meta (META.O) plans to introduce a new overview for users of its platforms Facebook and Instagram, in a step towards allaying anti-trust concerns following years of discussions with the regulator. Meta's accounts centre will allow users to make "a largely free and informed decision" about whether they want to use accounts such as Instagram and Facebook in combination or separately, the office said. "We have updated the Meta account overview to show more transparently how our services work together and give people more control over these features," a Meta spokesperson said. In 2019, the cartel office sought to ban Meta - then Facebook - from combining user data from several sources without users' consent. Germany is keeping close watch over Meta after the regulator deemed it of "paramount significance for competition across markets", a classification which gives the regulator more leeway to curb digital companies' market power.

Persons: Rachel More, Miranda Murray, Jason Neely Organizations: Facebook, Meta, Thomson Locations: BERLIN, Germany

The outlook was little changed for Britain and in India where prices have kept rising. Adam Challis, executive director of research and strategy for EMEA at JLL, said strong wage gains over the past year had kept many housing markets resilient despite significantly higher borrowing costs. Peak-to-trough falls for nearly all housing markets surveyed were downgraded from the March poll. British and U.S. house prices were expected to fall around 3% and Australia's to be flat for the full year 2023. Average house prices are expected to rise about 6% in India.

Persons: Mike Blake, Goldman Sachs, Adam Challis, hasn't, Hari Kishan, Prerana Bhat, Jonathan Cable, Anant Chandak, Sarupya Ganguly, Indradip Ghosh, Vivek Mishra, Milounee, Susobhan Sarkar, Devayani, Vijayalakshmi Srinivasan, Ed Osmond Organizations: KB, REUTERS, EMEA, Thomson Locations: Valley Center , California, U.S, BENGALURU, Canada, Germany, Australia, New Zealand, Britain, India, JLL

ET (1900 GMT), to discuss the debt ceiling bill. U.S. 10-year Treasury yields fell about 10 basis points (bps) to 3.72%, while thirty-year yields fell 8 basis points to 3.90%. "What is currently happening since yesterday shows where the debt ceiling premium was actually priced: mostly in bonds," said Ielpo. The cost of insuring exposure to a U.S. debt default meanwhile fell. "I wouldn’t blame the Treasury rally on the debt ceiling deal necessarily... the additional T-bill issuance, quantitative tightening, and difficult bank funding conditions now conspire to less favourable financing conditions to the economy," said Bouvet.

☆ Dollar set for third week of gains as US debt talks loom large
▼ + stars: | 2023-05-26 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar index — which tracks the greenback against six major counterparts — was last down 0.05% on the day at 104.20, just off Thursday's two-month high of 104.31. The dollar edged away from a six-month high against the yen and last stood at 139.67, having reached 140.23 yen in the previous session, its highest since November. The euro and British pound regained some ground, but were struggling to recoup recent losses against the dollar. The single currency was last up 0.07% against the dollar at $1.0727, but was not far from its two-month low of $1.0708 hit in the previous session. Sterling gained 0.23% to $1.2349, after data showed British consumers picked up spending in April, although the currency was still heading for a weekly loss.

Persons: Joe Biden, Kevin McCarthy, MUFG, —, Carol Kong, Boris Vujcic, Sterling Organizations: U.S, Wall, Federal Reserve, Fed, Commonwealth Bank of Australia, British, European Central Bank Locations: U.S, Washington, Croatian

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