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The dollar index declined more than 1% last week, its heaviest fall since mid-July and hit a six-week low. World stocks (.MIWD00000PUS) too had their strongest week in a year as expectations the Fed was done raising rates gathered steam. "So it's good then there is expectation for the Fed and other central banks to end the rate hike cycle sooner." Treasury yields slumped last week after softness in U.S. jobs and manufacturing data and after Fed Chair Jerome Powell spoke of 'balanced' risks. The drop in the dollar and yields helped underpin gold at $1,984 , within striking distance of the recent five-month peak of $2,009.

Persons: Dado Ruvic, Tina Teng, Jerome Powell, Teng, Shri Navaratnam, Simon Cameron, Moore, Lincoln Organizations: REUTERS, Rights, U.S, Federal, Aussie, CMC Markets, J.P.Morgan Securities, Treasury, European Central Bank, Bank of, CMC, Bank of Japan, Sterling, Thomson Locations: Rights SINGAPORE, Auckland, China, U.S, Bank of England, bitcoin

☆ Asian stocks waver, yen wobbles as BOJ takes centre stage
▼ + stars: | 2023-10-31 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

Passersby walk past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan October 4, 2023. On Tuesday, the 10-year JGB yield jumped 6.5 basis points to 0.955%, its highest since May. "Markets seem to assume that the ceiling will be lifted by another 50 basis points, but I think the possibility of another doubling (i.e. The dollar index , which measures U.S. currency against six rivals, rose 0.104%. The yield on 10-year Treasury notes was up 1.1 basis points to 4.888%, while the yield on the 30-year Treasury bond was up 0.7 basis points to 5.042%.

Persons: Issei Kato, Nicholas Chia, Chia, Sterling, Hong, HSI, Jerome Powell, Gary Dugan, Brent, Ankur Banerjee, Lincoln Organizations: U.S, REUTERS, Rights, Bank of, Nikkei, Standard Chartered, Japan's Nikkei, U.S . Federal Reserve, Bank of England, BOJ, Federal Open Markets, Dalma, Federal Reserve, Treasury Department, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, Asia, Pacific, Shanghai, U.S, Singapore

☆ Dollar drifts as investors eye Powell speech, yen wobbles near intervention zone
▼ + stars: | 2023-10-17 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

The yen was pinned close to the key 150 per dollar level, keeping traders on edge for any signs of intervention by the Japanese authorities. The yen last fetched 149.62 per dollar, having slipped to 150.17 on Oct. 3, the weakest in a year, before getting some relief in a brief rally. The dollar index , which measures the U.S. currency against six rivals, eased 0.038% to 106.20, after dropping 0.36% on Monday. Federal Reserve Bank of Philadelphia President Patrick Harker said on Monday the central bank should not create new pressures in the economy by increasing the cost of borrowing. Christopher Wong, currency strategist at OCBC, said the dollar is likely caught in a range for now.

Persons: Dado Ruvic, Powell, Masato Kanda, Israel's shekel, Charu, Jerome Powell, Patrick Harker, Harker, Christopher Wong, Wong, Ankur Banerjee, Shri Navaratnam Organizations: REUTERS, Rights, U.S ., Swiss, Palestinian, Hamas, Saxo, Federal Reserve Bank of Philadelphia, Reserve Bank of Australia's, News Zealand, Thomson Locations: Rights SINGAPORE, East, Singapore, Australia's

☆ Ukraine wobbles, 40 days after Wagner death and SBF’s trial
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

Ukraine gets left behind on two fronts as Congress avoids a shutdown by stripping funding for Kyiv and Ukraine’s neighbour Slovakia elects a pro-Russian candidate, who has vowed to end its support. The trial of FTX founder Sam Bankman-Fried begins this week, as does Donald Trump’s civil fraud trial. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. Further ReadingEU ministers convene in Ukraine to show support after US, Slovakia wobblesSam Bankman-Fried's fraud trial: How will he defend himself? Donald Trump's business empire in peril as civil fraud trial opens in New YorkOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Fried, Donald Trump’s, Travis Kelce’s, Donald Trump's Organizations: Apple, Google, Reuters, Ukraine, Kyiv, Thomson, Reading Locations: Ukraine’s, Slovakia, Karabkh, London, Ukraine, New York

☆ Kyiv brushes off US, Slovakia wobbles as EU ministers come to town
▼ + stars: | 2023-10-02 | by ( Olena Harmash | ) www.reuters.com time to read: +5 min

[1/3] Ukrainian Foreign Minister Dmytro Kuleba and European Union Foreign Policy Chief Josep Borrell shake hands before EU-Ukraine foreign ministers meeting, amid Russia's attack on Ukraine, in Kyiv, Ukraine October 2, 2023. Monday's meeting in Kyiv was touted by Borrell as an historic first, and provided striking photo opportunities for a succession of ministers in front of EU flags in the war-time capital. Several high profile right-wing Trump supporters in Congress have called for a halt to Ukraine aid. President Joe Biden's administration says it expects the House to pass a measure to keep aid to Ukraine flowing. In Europe, pro-Russian former prime minister Fico won the most votes in an election in Slovakia on Sunday and will get a first chance to form a government.

Persons: Dmytro Kuleba, Josep Borrell, Robert Fico, Kuleba, Annalena Baerbock, Dmitry Peskov, Donald Trump, Kevin McCarthy, Joe Biden's, Biden, Fico, Russia's Peskov, Peter Graff, Philippa Fletcher Organizations: Ukrainian Foreign, Union Foreign, EU, Press, Ministry of Foreign Affairs of, REUTERS Acquire, Russian, U.S . Congress, U.S, Congressional, Borrell, Kyiv, German, Republican, Trump, Congress, Republicans, Democrats, Reuters, Thomson Locations: Ukraine, Kyiv, Ministry of Foreign Affairs of Ukraine, Handout, Germany, Russia, KYIV, Slovakia, United States, Russian Slovakian, Moscow, Washington, America, Europe, Russian, NATO

☆ Walmart customers either hate or love the chain's new shopping carts. We tried one out, and it's clear why they are so polarizing.
▼ + stars: | 2023-09-12 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

Walmart's new taller shopping cart design features a cupholder and a slot for phone or grocery list. Sam's Club and Costco shoppers might recognize the cart's side profile, though this one is narrower. Sam's Club and Costco shoppers might recognize the cart's side profile with its low basket and high seat. The main difference is the narrower, single-seat design, while the warehouse club carts accommodate two children. Target's shopping carts also feature a nice phone tray and cupholder.

Persons: Kelsey Bohl, Dominick Reuter, hadn't, Maddy Charlson, TikToker Tyler Paboucek Organizations: Sam's, Costco, Service, Walmart Locations: Wall, Silicon, Mayfield , Kentucky, Madison , Wisconsin

Biden said he met with Chinese President Xi Jinping's No.2, Chinese Premier Li Qiang, at the annual G20 summit in New Delhi. "My team, my staff still meets with President Xi's people and his cabinet," Biden told reporters. Biden called China's economic situation a "crisis," citing issues in the real estate sector and high youth unemployment. "One of the major economic tenets of his plan isn't working at all right now," Biden said of Xi, without elaborating. "I don't think this is going to cause China to invade Taiwan," Biden said of the country's economic troubles.

Persons: Joe Biden, Biden, Xi Jinping's, Li Qiang, Xi, Li, Xi's, I'm, it's, Evelyn Hockstein, Nandita Bose, Trevor Hunnicutt, Doina Chiacu, Lisa Shumaker, Heather Timmons, Cynthia Osterman Organizations: Taiwan, Southern, Sunday, Global Infrastructure, REUTERS, Democratic, Thomson Locations: HANOI, New Delhi, Indonesia, India, U.S, Beijing, Vietnam, China, Taiwan, United States, Hanoi, Washington

☆ Biden Holds Highest-Level Talks With Chinese Leadership in Months
▼ + stars: | 2023-09-10 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

By Nandita Bose and Trevor HunnicuttHANOI (Reuters) - U.S. President Joe Biden said on Sunday he held his highest-level direct talks with Chinese leadership in months and said the country's economic wobbles wouldn't lead it to invade Taiwan. "My team, my staff still meets with President Xi's people and his cabinet," Biden told reporters. In March, he took office in the country's No.2 post. "I don't think this is going to cause China to invade Taiwan," Biden said. (Reporting by Nandita Bose in Hanoi and Trevor Hunnicutt in Washington; Editing by Lisa Shumaker)

Persons: Nandita Bose, Trevor Hunnicutt HANOI, Joe Biden, Xi's, Biden, Li Qiang, Trevor Hunnicutt, Lisa Shumaker Organizations: Southern Hemisphere Locations: Taiwan, India, New Delhi, China, Hanoi, Washington

U.S. President Joe Biden attends Partnership for Global Infrastructure and Investment event on the day of the G20 summit in New Delhi, India, September 9, 2023. REUTERS/Evelyn Hockstein/Pool Acquire Licensing RightsHANOI, Sept 10 (Reuters) - U.S. President Joe Biden said on Sunday he held his highest-level direct talks with Chinese leadership in months and said the country's economic wobbles wouldn't lead it to invade Taiwan. Chinese Premier Li Qiang attended the annual G20 summit in New Delhi. In March, he took office in the country's No.2 post. "I don't think this is going to cause China to invade Taiwan," Biden said.

Persons: Joe Biden, Evelyn Hockstein, Xi's, Biden, Li Qiang, Nandita Bose, Trevor Hunnicutt, Lisa Shumaker Organizations: Global Infrastructure, REUTERS, Rights, Southern Hemisphere, Thomson Locations: New Delhi, India, Rights HANOI, Taiwan, China, Hanoi, Washington

The roads to the U.S. Open final have been different for Coco Gauff and Aryna Sabalenka. Sabalenka won her first five matches without dropping a set. Sabalenka’s 2023 U.S. Open campaign was nearly over when Keys then went up 4-2 in the second set. But Sabalenka fought back, forcing and winning a tiebreaker, then winning the third set also in a tiebreaker. The rest of the second set was close after play resumed, but Gauff went on to win it by 7-5, advancing to the final.

Persons: Coco Gauff, Gauff, Sabalenka, Madison Keys, Keys, ” Sabalenka, Laura Siegemund, Elise Mertens, Caroline Wozniacki, Jelena Ostapenko, Karolina Muchova, Arthur Ashe, ” Gauff, I’m, ” Organizations: U.S, Madison Locations: Czech Republic

He will have at least one advantage: Chinese President Xi Jinping will not be at the meetings. "But the question ... is whether the United States will be able to step up." FAST GROWTH, HIGH DEBTChinese Premier Li Qiang will represent China at the G20 as its leaders cope with sagging growth and a possible property debt crisis. For his part, Xi is also finding new ways to engage the developing world, hosting a gathering of Central Asian leaders and discussing development in May. Xi is also expected to attend an Asia-Pacific Economic Cooperation (APEC) summit in San Francisco in November, where he may meet with Biden.

Persons: Joe Biden, Leah Millis, Biden, Xi Jinping, Zack Cooper, Li Qiang, Vladimir Putin, Sergei Lavrov, Jake Sullivan, Donald Trump's, Sullivan, White, Khulu Mbatha, Cyril Ramaphosa, Trevor Hunnicutt, Nandita Bose, Michael Martina, Carien du, Don Durfee, Grant McCool Organizations: Warehouse Union, Pacific Maritime Association, White, REUTERS, Rights, World Bank, Bank, U.S, Partnership for Global Infrastructure, Investment, American Enterprise Institute, IMF, Global, White House, Trump, Republican, South, Central Asian, United, United Arab Emirates, Economic Cooperation, Biden, Thomson Locations: Washington , U.S, India, United States, Africa, Latin America, Asia, Washington, China, Russian, East, Central Asia, Saharan Africa, People's Republic, Ukraine, Brazil, South Africa, Beijing, Moscow, Russia, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, United Arab, San Francisco, Carien du Plessis, Johannesburg

☆ Sabalenka targets second Grand Slam final in stellar season
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +4 min

"When you get to the last stages of the tournament, you're going to think about what if, what I want, what I would like and you're dreaming," Sabalenka told reporters after crushing China's Zheng Qinwen on Wednesday. "I'm not trying to block the stats, because when you're trying to block something it's going to keep getting in your head and it can get annoying. When you're not trying to block it, it actually goes away. Keys, meanwhile, is hoping to fulfil her own dream of reaching Saturday's final for another shot at a maiden Grand Slam trophy. Czech Muchova is also gunning for a first Grand Slam title after coming close in Paris in her bid to join an elite list of compatriots that includes Jana Novotna, Petra Kvitova, Barbora Krejcikova and Vondrousova.

Persons: Madison Keys, Sabalenka, Iga, Keys, Zheng Qinwen, I'm, Marketa Vondrousova, Coco Gauff, Roland Garros, Karolina Muchova, Gauff, Sofia, ", Serena Williams, Venus Williams, Sloane Stephens, I'd, gunning, Jana Novotna, Petra Kvitova, Barbora, Karolina Pliskova, Ash Barty, Muchova, Shrivathsa Sridhar, Ken Ferris Organizations: U.S, Madison, Belarusian, Wimbledon, Cincinnati, Sofia Kenin's, Thomson Locations: New York, Flushing Meadows, American, Melbourne, Grand, Czech, Paris, Bengaluru

☆ Coco Gauff Wobbles, Then Steals the Show at the U.S. Open
▼ + stars: | 2023-09-01 | by ( Lola Fadulu | More About Lola Fadulu | ) www.nytimes.com time to read: +1 min

In the opening set of her third-round match against Elise Mertens on Friday, Coco Gauff looked fallible, frustrated and like she would be finished early, nothing like she had earlier this week at the U.S. Open. Mertens, a 27-year-old Belgian, was playing loosely and aggressively, while Gauff, the 19-year-old American superstar, made error after error on just about every stroke. It was suddenly easy to imagine Gauff’s run at the U.S. Open coming to an end on this cool New York evening. Instead, Gauff turned it on and turned the emotional tables on Mertens. Gauff won the third set cleanly, 6-0.

Persons: Elise Mertens, Coco Gauff, Mertens, Gauff Organizations: U.S ., U.S Locations: New

☆ Simone Biles Shows She’s Not Just Easing Her Way Back
▼ + stars: | 2023-08-27 | by ( Carla Correa | More About Carla Correa | ) www.nytimes.com time to read: +1 min

Keeping with her relaxed demeanor, Biles hasn’t explicitly said that she is seeking to compete at the Paris Olympics next summer. So, one thing at a time.”On Friday, the first night of competition, Biles was close to flawless. Biles didn’t display the double pike in warm-ups or in competition on Sunday, opting to show just one tough vault called a Cheng. Landi said that Biles stung an ankle on the skill on Friday and that there was no reason for her to repeat it just for show. The other events — uneven bars, beam and floor exercise — were quintessential Biles: incredible height and speed, and a few small hops on landings.

Persons: “, Biles hasn’t, ” Biles, ”, Biles, —, Laurent Landi, Cheng, Landi Organizations: Paris Olympics

☆ Foster picks big guns in New Zealand team to face Springboks
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

Coach Ian Foster has selected the same backline that helped beat the Springboks 35-20 during the Rugby Championship in Auckland last month. Foster is keen to give his team a good run ahead of their World Cup opener against France in Paris on Sept. 8 and this presents an excellent opportunity to do so against the old enemy and reigning world champions. "This is our final game before the Rugby World Cup and this test is critical in our preparation," Foster said. "With just two weeks to go, it’s an important opportunity to get us battle-ready for the start of the tournament. "These games (against South Africa) are always intense and physically challenging, and I’m sure this one will be no different."

Persons: Ian Foster, Russell Cheyne, Barrett, Luke Jacobson, Shannon Frizell, Sam Whitelock, Brodie Retallick, Dane Coles, Codie Taylor, Foster, Aaron Smith, Richie Mo'unga, Jordie Barrett, Telea, Will Jordan, Beauden Barrett, Ardie, Sam Cane, Jacobson, Scott Barrett, Whitelock, Tyrel Lomax, Ethan de Groot, Rieko Ioane, Mark Telea, Samisoni Taukei'aho, Tamaiti Williams, Fletcher Newell, Josh Lord, Tupou Vaa'i, Dalton Papali'i, Cam Roigard, Anton Lienert, Nick Said Organizations: Rugby Union, International, New Zealand, Murrayfield, REUTERS, Rugby, South, Twickenham, Springboks, France, Blacks, Australia, Argentina, Pool A . New Zealand, Brown, Thomson Locations: New, Edinburgh, Scotland, Britain, Zealand, South Africa, Auckland, Paris, Coles, France, Italy, Uruguay, Namibia, Pool A . New

☆ Investors look to AI-darling Nvidia's earnings as US stocks rally wobbles
▼ + stars: | 2023-08-23 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

REUTERS/Robert Galbraith/File Photo Acquire Licensing RightsNEW YORK, Aug 23 (Reuters) - Bullish investors are hoping Wednesday's earnings report from chip heavyweight Nvidia (NVDA.O) can rejuvenate a U.S. stocks rally that has stumbled in recent weeks. The market's turbulence is intensifying focus on Nvidia's fiscal second quarter report, due after market close on Wednesday. Following that report, the S&P 500 technology sector (.SPLRCT) rallied 8% over the next five days. Signs that the central bank intends to hold rates around current levels for longer than investors had anticipated could further weigh on stocks. In a Monday note, Goldman analysts said an equal-weighted basket of those 11 stocks had returned 69% so far in 2023, outpacing a 7% gain for the overall equal-weight S&P 500.

Persons: Robert Galbraith, Anthony Saglimbene, Chuck Carlson, Jerome Powell, Goldman Sachs, Goldman, Lewis Krauskopf, Saqib Iqbal Ahmed, Ira Iosebashvili, Matthew Lewis Organizations: Nvidia, REUTERS, Apple, Microsoft, Big Tech, Ameriprise, Reuters, Societe Generale, Horizon Investment Services, Nasdaq, Federal, NVDA, Goldman, Thomson Locations: Santa Clara , California, U.S, Jackson Hole , Wyoming, outpacing, New York

☆ Beware these stocks lurking in your portfolio as China economy wobbles
▼ + stars: | 2023-08-15 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Turmoil in the Chinese economy can mean bad news for a range of popular stocks. And the global superpower has flashed warning signs in recent days, signaling stocks with exposure to the country could feel pressure. In May, Morgan Stanley screened for publicly traded companies in the U.S. with the highest share of revenue connected to China. Other stocks to watch To be sure, exposure to China extends beyond the semi landscape. Battery manufacturer Microvast was the most exposed with 80% of revenue coming from China, Morgan Stanley's analysis found.

Persons: Morgan Stanley, Baird, Microvast, Morgan, Wynn, — CNBC's Michael Bloom Organizations: Reuters, Nvidia, UBS, Marvell Technology, Silicon Laboratories, Devices, Qualcomm, Wynn Resorts, Vegas, Street, Las Vegas Sands, Western Locations: China, Beijing, U.S, Refinitiv, Wells Fargo, Vegas, Las Vegas, Corning

☆ A weirdly wobbly 'muon' particle might revolutionize physics by revealing a 5th force of nature or another dimension
▼ + stars: | 2023-08-15 | by ( Sonam Sheth | Jessica Orwig | ) www.businessinsider.com time to read: +5 min

A subatomic particle called the muon is wobbling far more than leading physics models can explain. Its unusual behavior could be evidence of a fifth force of nature or a new dimension. And the reason could be evidence of a new, fifth force of nature. But there are still cosmic wonders we don't understand — mysteries that the discovery of a fifth force of nature may help solve. One possible explanation is that the muons' behavior is dictated by a fifth force of nature.

Persons: Aylin Woodward, Einstein, Rosen, Brendan Casey, Graziano Venanzoni Organizations: Service, Fermi, Accelerator Laboratory, Fermilab, Brookhaven National Lab Locations: Wall, Silicon

☆ Outrage Online as Chinese Property Giant Wobbles and Stock Dives
▼ + stars: | 2023-08-11 | by ( Alexandra Stevenson | More About Alexandra Stevenson | ) www.nytimes.com time to read: +1 min

Now investors are treating Country Garden, the giant property developer, like a ticking time bomb. The company’s shares, which trade in Hong Kong, took a dive on Friday, dragging its value to new depths. The stock is trading around one Hong Kong dollar, or about 13 cents U.S. Commenters on Chinese social media expressed their shock — and anger — at the drumbeat of bad news about China’s housing market. Many invoked the memory of another property giant, China Evergrande, that landed in default two years ago, marking the start of a wave chain of property flameouts.

Persons: China’s, — Organizations: Hong Locations: Hong Kong, China

☆ Trump shows in Iowa he still rules the GOP – despite his deepening criminal peril
▼ + stars: | 2023-07-29 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

“As it stands right now, you will be voting in Iowa, while multiple criminal cases are pending against former President Trump,” Hutchinson said. Donald Trump is not running for president to represent the people that voted for him in 2016 and 2020,” Hurd said to loud boos. “Donald Trump is running to stay out of prison,” he said as jeers started to crescendo. But if Trump is to be stopped, there is no sign so far that it will happen in Iowa. Unlike some of the other GOP candidates, Trump is not using the dinner to also hold multiple Iowa campaign stops.

Persons: Donald Trump, didn’t, quagmire, Trump, Dunn, ” Trump, Jack Smith, Biden, ”, –, Ron DeSantis, ” DeSantis, Mike Pence, White, ” Pence, I’m, Asa Hutchinson, ” Hutchinson, Will Hurd, “ Donald Trump, ” Hurd, jeers, Joe Biden, it’s, Sen, Barack Obama, Jackson, Scott Olson, DeSantis, South Carolina Sen, Tim Scott, Hawkeye, there’s, Donald J, “ I’m, ” Scott, “, Chris Christie Organizations: CNN, Republican, Brooks, Capitol, GOP, Florida Gov, ABC News, White House, Fox News, Trump . Former Arkansas Gov, Former Texas Rep, CIA, Trump, Democratic, Jefferson, White, Hawkeye State, Iowa, Getty, North, Fox, South, Democrats, New, New Jersey Gov Locations: Iowa, America, Florida, Manhattan, Iowa –, Mar, Erie , Pennsylvania, Des Moines, Hawkeye, North America, South Carolina, “ Hello Iowa, New Jersey, New Hampshire

☆ Dollar firms, yen wobbles as Japan inflation holds above BOJ target
▼ + stars: | 2023-07-21 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

The data bolsters the chances the BOJ will revise up this year's inflation forecast in fresh projections due next week. Carol Kong, a currency strategist at Commonwealth Bank of Australia (CBA), said the market expectations for a BOJ policy tightening have ebbed and flowed over the past year. More than three-quarters of economists polled by Reuters expect the BOJ to hold policy steady including its yield control scheme. The yen has slipped about 1% against the dollar this week and is on course to snap its two-week winning run. The onshore yuan firmed against the dollar and was last at 7.1693 per dollar after the central bank set a much stronger guidance than expected.

Persons: Carol Kong, Kong, Kazuo Ueda, Scherrmann, Ankur Banerjee, Sam Holmes Organizations: Federal Reserve, Bank of Japan's, Commonwealth Bank of Australia, Reuters, Sterling, Fed, European Central Bank, Thomson Locations: SINGAPORE, Central, Europe, Japan, United State, U.S, Singapore

☆ Payrolls rose by 209,000 in June, less than expected, as jobs growth wobbles
▼ + stars: | 2023-07-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Nonfarm payrolls increased 209,000 in June and the unemployment rate was 3.6%, the Labor Department reported Friday. Employment growth eased in June, taking some steam out of what had been a stunningly strong labor market. A more encompassing unemployment rate that includes discouraged workers and those holding part-time jobs for economic reasons rose to 6.9%, the highest since August 2022. "This is a strong labor market where demand for higher paying jobs is clearly the trend," said Joseph Brusuelas, chief economist at RSM. The June report "suggests labor market conditions are finally beginning to ease more markedly," wrote Andrew Hunter, deputy chief U.S. economist at Capital Economics.

Persons: Nonfarm, Dow, downwardly, payrolls, Seema Shah, Joseph Brusuelas, Andrew Hunter Organizations: Labor Department, Dow Jones, Asset Management, ADP, Blacks, of Labor Statistics, RSM, Capital Economics

☆ Dollar buoyant; yuan wobbles after China cuts lending benchmarks
▼ + stars: | 2023-06-20 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar rose broadly on Tuesday and notched a seven-month high against the yen, while the yuan slipped after China cut two benchmark lending interest rates for the first time in 10 months. The offshore yuan dipped slightly following the decision and was down more than 0.1% at 7.1734 per dollar, languishing near last week's roughly seven-month low. The yen has come under renewed pressure amid rising interest rate differentials between Japan and other developed markets globally. Sterling rose 0.05% to $1.2797, ahead of British inflation data and the Bank of England's interest rate decision later in the week. Against a basket of currencies, the U.S. dollar rose 0.03% to 102.51.

Persons: it's, Rodrigo Catril, Min Joo Kang, Sterling, BoE, NAB's Organizations: U.S, National Australia Bank, NAB, Bank of, ING, South, Reserve Bank of, New Zealand, Central Bank, Bank of England Locations: China, United States, Asia, Japan, South Korea

☆ UK investors back money market funds in May, ditch ESG funds
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 6 (Reuters) - UK investors backed money market funds in May at the fastest rate since the country's failed 'mini-budget' last year, opting for caution after a volatile period in global banking, funds network Calastone said on Tuesday. The data also showed that environmental, social and corporate governance-focused equity funds suffered their worst month on record, shedding 304 million pounds of capital. Investors added a net 318 million pounds during the month, half the average of the last year, Calastone said. Equity funds suffered net outflows of 302 million pounds, meanwhile, marking a sharp reversal after strong inflows in March and April. UK-focused funds were particularly hard hit, seeing outflows of 583 million pounds.

Persons: Calastone, Liz Truss, Edward Glyn, Iain Withers, Barbara Lewis Organizations: Equity, Thomson Locations: U.S, Calastone

☆ Gold wobbles as sticky inflation drives up US rate hike bets
▼ + stars: | 2023-05-26 | by ( ) www.cnbc.com time to read: +1 min

Bars of gold are seen at the Krastsvetmet company, one of the world's largest producers of precious metals in Moscow, Russia on January 31, 2023. Gold hit a two-month low of $1,936.59 during Asian trading hours, and is set to lose 1.7% for the week. But short-term players expect a deal to be done and "have been selling behind inflation data that suggests a June hike is possible," Wong added. Traders are now betting the Fed will deliver an 11th straight rate hike in June, which would erode the attraction of zero-interest-bearing gold. Benchmark 10-year Treasury yields and the dollar index hovered near their highest levels since mid-March, both on track for their third straight weekly gains

Persons: Gold, Tai Wong, Wong, Phillip Streible Organizations: D.C, Federal, Blue, Traders Locations: Moscow, Russia, New York, Chicago

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