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ECB chief Christine Lagarde said the central bank for the 20 countries that share the euro was not pausing. "This is a very restrictive policy and it will turn into credit tightening and that will bring a recession." The ECB has now increased its key deposit rate by some 375 bps since last July, from -0.5%. U.S. rates have jumped 500 bps, with the Federal Reserve hiking again on Wednesday while opening the door to a pause. Gareth Rudd, a European equity fund manager at Chelverton Asset Management, said he was negative on European bank stocks because regulators will want them to conserve capital instead of paying dividends.

☆ Analysis: End of central bank rate hikes now firmly on the horizon
▼ + stars: | 2023-03-23 | by ( Balazs Koranyi | ) www.reuters.com time to read: +5 min

The U.S. Federal Reserve, the European Central Bank and the Bank of England all raised rates as expected in the last week, but each of them signalled caution about their next move, leaving investors unsure where borrowing costs are going. Central banks have also been quick. This is lightning-fast by central banking standards and ECB's Knot said policymakers needed to have a deeper look at how it is affecting lenders. Combined, these factors suggest that big central banks are nearly done, and that upcoming rate moves may be their last. If so, our view is that it could indeed substitute for further rate hikes," Michael Gapen at Bank of America said.

☆ Premarket stocks: What comes next in the banking crisis? The early 1990s hold clues
▼ + stars: | 2023-03-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

This isn’t 2008: There are some key differences between today’s banking saga and what happened in 2008. This time around the US federal government stepped in early to guarantee all customer deposits and restore confidence in the US banking system. Here comes CPIFormer banking regulators, economists and Wall Street analysts are increasingly calling for the Federal Reserve to pause its inflation-fighting interest rate hikes because of the current banking sector chaos. Last Wednesday, investors were putting 70% odds of a half-point interest rate hike at the Federal Reserve policy meeting next week, according to the CME FedWatch tool. Analysts expect the inflation rate to come in at 6% year-over-year (down from 6.4% in January) and at 0.4% month-over-month (down from 0.5% in January).

☆ Premarket stocks: Bad sign for stocks: Bond yields are white hot again
▼ + stars: | 2023-02-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

The recent global bond rally appears to be tapering off as investors are getting a cold wet dose of reality about Fed rate hikes. Bonds compete with stocks for investors’ dollars, and when yields go up, equities often go down. That tonal shift has sent stocks lower and Treasury yields higher, as investors rethink their views on the path of interest rates. The Federal Reserve’s efforts to date to bring down inflation while maintaining a strong labor market appear achievable, she added. “As a result, although Fed rate hikes could slow the labor market in the coming months, we think labor supply faces persistent headwinds in the longer run.”

☆ Dollar rally loses steam as traders wait on Fed, data
▼ + stars: | 2023-02-21 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

SINGAPORE, Feb 21 (Reuters) - The dollar was parked below recent peaks on Tuesday, as a three-week rally faded and traders waited on economic data to figure on whether it's warranted to push the dollar up any further. Strong U.S. labour data and sticky inflation have raised U.S. rate expectations and supported the dollar's rally so far this month - Tuesday's European and U.S. manufacturing data and Friday's core PCE price index will guide the next steps. "I suspect that further significant dollar strength will require the Fed Funds futures market to start pricing in a 50 basis point rate hike in March," he said. The New Zealand dollar held at $0.6259 ahead of a central bank meeting on Wednesday. Overnight the Swedish crown jumped as inflation turned sticky and central bank minutes showed policymakers prepared to keep hiking.

☆ Premarket stocks: What we learned at Davos: The economy is a mess, but there's still hope
▼ + stars: | 2023-01-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Friday marks the end of the annual World Economic Forum meeting in Davos, Switzerland, an elite gathering of some of the wealthiest people and world leaders. The meetings between CEOs, politicians, and global figures at Davos can help set the tone for the year ahead. CEOs and political officials are also worried about the United States hitting its borrowing cap on Thursday, forcing the Treasury Department to start taking “extraordinary measures” to keep the government open. If an agreement isn’t reached, markets could plunge (like they did the last time this happened in 2011) and the United States risks having its credit rating downgraded again. China’s removal of strict coronavirus restrictions late last year is also expected to unleash a wave of spending that may offset economic weakness in the United States and Europe.

☆ Markets: Bad news for the economy is now bad news on Wall Street
▼ + stars: | 2023-01-19 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

New York CNN —The market is bracing for a perfect storm of bad news. Kelly added that “a failure to increase the debt ceiling is the most immediate fiscal threat to the economy and markets in 2023” and that a deal is needed sooner rather than later in order to reassure the markets. There’s a saying on Wall Street that bad news for the economy is actually good news for the stock market and vice versa. Bad news actually might be bad news. “What just some weeks ago would have seen markets cheering the weaker data…is now being judged more harshly with bad news no longer enjoying a warm welcome,” she added.

Japan's 10-year bond yield, trading at 0.4%, fell on Wednesday but is not far off its highest levels since 2015. Total holdings of foreign bonds by Japanese institutional investors, excluding Japan's $1 trillion reserve portfolio, reached $3 trillion at their peak. GOING HOMEThe implications of higher inflation and a possible end to ultra-low rates are not lost on Japanese investors. Still, anticipating a shift, Japanese investors sold a net 2.1 trillion yen ($15.94 billion) of foreign bonds in December, marking a fourth straight month of selling. According to Nomura, Japanese investors have been far more active buyers of global and overseas equities than domestic stocks in the last decade.

☆ Analysis: As Bank of Japan switches gears, roaring dollar hits the skids
▼ + stars: | 2022-12-20 | by ( Amanda Cooper | ) www.reuters.com time to read: +5 min

Reuters GraphicsThe dollar has risen 9% this year, as the Federal Reserve has jacked up interest rates to combat inflation at 40-year highs. As other central banks, from the Bank of England, to the European Central Bank, and the Reserve Bank of Australia, have raised their own rates, dollar bulls have run out of puff. The close relationship between Japanese monetary policy and U.S. Treasuries adds another twist to the story. It all boils down to whether Japanese investors have hedged their Treasury exposure or not, he said. But the stress is on "at the margin", not least because of the sheer size of Japanese investors' holdings of U.S. debt, analysts said.

☆ Sterling gains against softening dollar
▼ + stars: | 2022-11-29 | by ( Alun John | ) www.reuters.com time to read: +2 min

LONDON, Nov 29 (Reuters) - Sterling gained against the dollar on Tuesday as the safe-haven greenback fell against most currencies as market sentiment improved on hopes that China would ease its strict COVID-19 curbs. The pound was last 0.45% higher against the dollar at $1.2014, heading back towards last week's three-month high of $1.2153. Lower than expected inflation figures from Spain and Germany's most populous province also helped improve the mood. The pound is trying to break past $1.22 the euro $1.05, while euro/sterling has hit around 85.7 pence several times in recent months before rebounding. Reporting by Alun John; Editing by Frank Jack DanielOur Standards: The Thomson Reuters Trust Principles.

☆ Premarket stocks: Is the dollar's relentless rise coming to an end?
▼ + stars: | 2022-11-22 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

At last, however, its breakneck rally could be coming to an end. Last week, investors turned bearish on the greenback for the first time since July 2021, according to data from Societe Generale. First, there was the surprising inflation data in the United States, which showed that prices rose more slowly than expected in October. If these economies perform better than expected, the United States won’t look like the only game in town — and other currencies could look appealing again. About 261,000 positions were added in October, and by next summer, the bank expects monthly gains of closer to 50,000.

☆ Stocks pare losses, dollar falls after Biden defuses tensions over Poland blast
▼ + stars: | 2022-11-16 | by ( Amanda Cooper | ) www.reuters.com time to read: +3 min

LONDON, Nov 16 (Reuters) - Global stocks pared losses and the dollar fell on Wednesday after U.S. President Joe Biden told G7 and NATO partners that a missile blast in Poland was caused by a Ukrainian defence missile, dispelling fears that it originated from Russia. This is whatever it was, but it was not an attack on Poland and Biden’s comments took the tension out of it," Societe Generale strategist Kit Juckes said. When the missile struck, NATO member Poland first said a Russian-made rocket was responsible and summoned Russia's ambassador to Warsaw for an explanation after Moscow denied it was responsible. Biden said the United States and its NATO allies were investigating the blast but early information suggested it may not have been caused by a missile fired from Russia. With geopolitical tensions injecting some volatility into the broader markets, benchmark 10-year Treasury yields were almost unchanged on the day at 3.807%.

☆ VIEW Bank of England lifts UK rates to 3% in historic hike
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Toby MelvilleLONDON, Nov 3 (Reuters) - The Bank of England raised UK interest rates to 3% on Thursday in its largest rate hike since 1989 and warned of a "very challenging outlook" for the economy. Money markets showed traders now expect UK rates to peak at 4.6% by next September, compared to expectations of 4.8% just two days ago. UK bank stocks (.FTNMX301010) fell 0.8%BONDS: Yields on the two-year gilt were last up 1 basis points at 3.041%, compared with 3.064% before the BoE announced its decision. Rates markets are pricing another 50bps hike at each of the December and February meetings, although still reflect a lower terminal rate than just a week ago. ANDREW ALDRIDGE, PARTNER AT DEEPBRIDGE CAPITAL, LONDON"Quelling rampant inflation and kickstarting a slowing economy left the Bank facing a difficult balancing act, with today's interest rate hike to 3% hardly surprising in this context.

☆ The dollar's blistering rally is almost over as support from US economic outperformance is fading, Societe Generale says
▼ + stars: | 2022-11-03 | by ( Carla Mozée | ) www.businessinsider.com time to read: +4 min

The rally in the US dollar this year is likely to be closer to an end and headed toward "trendless trading," Societe Generale said Thursday. The "drivers of economic outperformance are fading" for the greenback, which has risen to a 20-year high against key rivals. "So far, US rates have risen further and faster than elsewhere, on the back of economic out-performance," Kit Juckes, macro strategist at Societe Generale, said in a note. That means we are close to the end of the dollar's long rally and moving to a phase of trendless trading." As the Fed has tightened, climbing US Treasury yields relative to other sovereign bond yields has bolstered dollar demand among holders of other currencies.

☆ 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%.

[1/2] Boards displaying buying and selling rates are seen outside of currency exchange outlets in London, Britain, July 31, 2019. read moreRishi Sunak became Britain's third prime minister in two months on Tuesday, tasked with tackling a mounting economic crisis and a warring political party. The U.S. dollar was broadly weaker amid signs that Federal Reserve rate hikes are slowing the world's biggest economy. YEN AND YUANThe yen firmed against the dollar after suspected Bank of Japan (BOJ) intervention on Friday and Monday. At 147.665 yen, the dollar was down from a 32-year high of 151.94 on Friday, which appeared to trigger successive bouts of BOJ intervention.

☆ Dollar shakes off suspected Japan intervention; stocks brace for earnings
▼ + stars: | 2022-10-24 | by ( Amanda Cooper | ) www.reuters.com time to read: +5 min

LONDON (Reuters) -The dollar weathered another suspected blast of Japanese intervention to rise against the yen on Monday, while European markets got a lift from hopes that U.S. interest rates could rise more slowly than previously thought. Japan likely spent a record 5.4 trillion-5.5 trillion yen ($36.16 billion-$36.83 billion) in its yen-buying intervention last Friday, according to estimates by Tokyo money market brokerage firms. Sterling, meanwhile, see-sawed in volatile trade on news Boris Johnson had dropped out of the running for British prime minister. Chinese blue chips slid almost 3%, while Hong Kong shares fell 6.4%, their biggest one-day drop since the financial crisis. Sentiment will also be tested by some major earnings with Apple, Microsoft, Google-parent Alphabet and Amazon all reporting.

☆ Dollar shrugs off suspected yen intervention, Europe clings to Fed hopes
▼ + stars: | 2022-10-24 | by ( Wayne Cole | Amanda Cooper | ) www.reuters.com time to read: +5 min

LONDON/SYDNEY (Reuters) - The dollar weathered another suspected blast of Japanese intervention to rise against the yen on Monday, while European markets got a lift from hopes that U.S. interest rates could rise more slowly than previously thought. Japanese authorities again declined to confirm whether they had intervened, but the price action suggested they had. Sterling, meanwhile, see-sawed in volatile trade on news Boris Johnson had dropped out of the running for British prime minister. The peak for rates has also edged down to around 4.87%, from above 5% early last week. “Although we do not expect any ‘dovish’ policy signal, we maintain a bias towards a lower rate path than currently priced by markets,” said analysts at NatWest Markets in a note.

☆ U.S., European shares rise on hopes Fed will slow rate hike pace
▼ + stars: | 2022-10-24 | by ( Chris Prentice | Amanda Cooper | ) www.reuters.com time to read: +6 min

WASHINGTON/LONDON (Reuters) -U.S. and European shares rose on Monday as signs of a cooling U.S. economy raised hopes that the Federal Reserve will slow its pace of rate hikes. “Investors are getting more confident that inflation is going to come down and that the Fed might be quick to pause. European shares rose on Monday, driven by hopes that the Federal Reserve could slow its pace of interest rate hikes, while investors braced for a busy week of earnings and key interest rate decision from the European Central Bank. Markets are still priced for a rate rise of 75 basis points next month, but have scaled back bets on a matching move in December. Chinese blue chips slid almost 3%, while Hong Kong shares fell 6.4%, their biggest one-day drop since the financial crisis.

☆ Major Asian markets drop after rocky day on Wall Street amid inflation, interest rate fears
▼ + stars: | 2022-09-28 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN Business —Asian stocks fell Wednesday after another turbulent day for US markets, as investors continue to sell off amid fears of global inflation, further interest rate hikes and broader economic turmoil. Japan’s benchmark Nikkei (N225) index slid 2.2% as of lunchtime local time Wednesday, while South Korea’s Kospi (KOSPI) dropped 2.8%. Hong Kong’s Hang Seng Index (HSI) shed 2.2%, as China’s benchmark Shanghai Composite (SHCOMP) index slipped 0.9%. The dips come after another volatile day on Wall Street, with the Dow (INDU) and S&P 500 (INX) reaching their lowest levels since November 2020. That put the Dow (INDU) deeper into a bear market, as it fell more than 125 points, or 0.4%.

☆ Sterling crumbles to all-time low, euro at 20-year low
▼ + stars: | 2022-09-26 | by ( Dhara Ranasinghe | ) www.reuters.com time to read: +4 min

Register now for FREE unlimited access to Reuters.com RegisterBut it was sterling's slide that rippled across markets, down as much as 4.9% to an all-time low of $1.0327 . Sterling was also down 1% against the euro, having hit its lowest since September 2020 at 92.60 pence . The euro also touched a fresh 20-year trough at $0.9528 and was last down 0.5%. And the dollar index - where the basket includes sterling, the euro and the yen - reached 114.58 for the first time since May 2002, reflecting the greenback's broad strength. The risk-sensitive Australian dollar dropped to $0.64845, its lowest since May 2020, and the Canadian dollar touched 1.3638 to its U.S. counterpart, its weakest since July 2020.

☆ Sterling crumbles to all-time nadir, euro at 20-year low
▼ + stars: | 2022-09-26 | by ( Dhara Ranasinghe | ) www.reuters.com time to read: +3 min

Sterling also tumbled 1.3% against the euro, having hit its lowest since September 2020 at 92.60 pence . Kit Juckes, head of currency strategy Societe Generale in London, said markets had a tendency to overshoot but noted two points on sterling's slide. "The second is that the mini budget has allowed sterling to be the short of choice against the dollar." The euro also touched a fresh 20-year trough at $0.9528 , as the pound's slide rippled across markets. China's offshore yuan slid to a new low of 7.1728 per dollar, its weakest since May 2020.

☆ Reactions: Britain's pound crumbles to record lows in firesale of UK assets
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +8 min

Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger/File PhotoLONDON, Sept 26 (Reuters) - Britain's pound plunged to record lows on Monday and bonds were slammed for a second day, as investors punished UK assets after the government's mini-budget announcement last week. The presentation of the mini-budget was received quite badly by the markets – sterling literally collapsed. The significant tax cuts announced by the Treasury Secretary cause concerns for the currency markets because of rising government debt." One is the loss of confidence in UK fiscal policy and that won't help sterling.

☆ Investitorii se aşteaptă la un dolar mai slab, indiferent cine va câştiga alegerile prezidenţiale din SUA
▼ + stars: | 2020-11-13 | by ( ) www.bizlaw.md time to read: +3 min

Perspectivele slabe ale dolarului pe termen lung nu se vor îmbunătăţi indiferent cine va câştiga alegerile prezidenţiale de marţi, susţin investitorii şi analiştii, scrie agerpres.ro. De asemenea, încă un mandat de patru ani pentru Donald Trump ar putea oferi o traiectorie mai puţin clară pentru dolar. Potrivit analiştilor, principalul factor care va influenţa dolarul pe termen lung este diferenţialul de dobândă. ”Cea mai importantă tendinţă asupra cursului de schimb va fi convergenţa în jos a ratelor dobânzilor provocată de COVID. Chiar dacă poziţiile ”short” reflectă sentimentul negativ din jurul dolarului, acestea ar putea genera şi câştiguri dacă o schimbare va forţa investitorii să renunţe brusc la aceste pariuri.

Persons: Mulţi, Joe Biden, Donald Trump, Kit, Trump, Biden Organizations: Federală Locations: vicepreşedinte, China, SUA

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