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Women dress in graduation gowns at the West Kowloon Cultural District in front of the Hong Kong Skyline in Hong Kong (Photo by Vernon Yuen/NurPhoto via Getty Images)Asia-Pacific markets rose as investors looked ahead to key U.S. consumer inflation data, which will inform the Federal Reserve's rate decision in its policy meeting beginning Oct. 31. In Australia, the S&P/ASX 200 added 0.31%. In Japan, the Nikkei 225 opened 1% higher, with shares of Uniqlo-owner Fast Retailing up nearly 1% ahead of its full-year earnings report due later in the day. South Korea's Kospi rose 0.75% at the opening bell, holding near two-week highs.

Persons: Vernon Yuen Organizations: Kowloon Cultural, Hong Kong Skyline, Getty Images, Nikkei, Retailing Locations: Kowloon, Hong Kong, Asia, Pacific, Australia, Japan

Israel's military chief, Lieutenant General Herzi Halevi, said lessons would be drawn from the security failures around Gaza that enabled the attack. The U.S. military is placing no conditions on its security assistance to Israel, U.S. Defense Secretary Lloyd Austin said, adding Washington expected Israel's military to "do the right things" in prosecuting its war against Hamas. Scores of Israeli and foreign hostages were taken back to Gaza; Israel said it had identified 97 of them. [1/4]Israeli soldiers hold an Israeli flag while in a tank near Israel's border with the Gaza Strip, in southern Israel, October 12, 2023. "This war is harsh beyond imagining," said Hamdan, who has worked through repeated wars since becoming a rescuer in 2007.

Persons: Antony Blinken, Blinken, King Abdullah, Mahmoud Abbas, America's, General Herzi Halevi, Lloyd Austin, Austin, Benjamin Netanyahu, East Jerusalem's, Kan, Ronen, Israel, Cross, Fabrizio Carboni, Los Angeles, Kathy Hochul, Mount Herzl, Khan Younis, Ibrahim Hamdan, Hamdan, Henriette Chacar, Dedi, Maayan Lubell, Emily Rose, Nidal, Emma Farge, Jeff Mason, Humeyra Pamuk, Steve Gorman, Dan Whitcomb, Michael Martina, Howard Goller, Diane Craft Organizations: Israel U.S, West Bank Security, Hamas, U.S, NATO, Palestinian, Palestinian Authority, West Bank, United Arab, U.S . Defense, Washington, Public, REUTERS, International Committee, United Nations, Food Programme, ICRC, New, FBI, Mount, Thomson Locations: East Jerusalem, Europe JERUSALEM, GAZA, TEL AVIV, Gaza, Israel, Jordan, U.S, Qatar, Saudi Arabia, Egypt, United Arab Emirates, Iran, East, East Jerusalem's Al, Aqsa, Washington, Europe, Paris, Amsterdam, London, New York, Los, Jerusalem, Geneva, Tel Aviv, Los Angeles

☆ India's TCS skids on demand recovery worries after Q2 revenue miss
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

[1/2] Figurines with computers and smartphones are seen in front of Tata Consultancy Services logo in this illustration, July 24, 2022. The poor results and commentary from India's largest IT services provider took the shine off TCS' $2 billion share buyback announcement, and also slammed shares of peers. TCS' revenue rose 7.9% to 596.92 billion rupees ($7.18 billion) in the September quarter, it said after market hours on Wednesday, but fell short of the analysts' estimates of 602.44 billion rupees. In the post-earnings press conference, TCS also hinted that there was no clear picture of when discretionary spends will return. TCS shares are currently down 1.5%, bringing year-to-date gains to 11.4%, compared with the IT index's 13% rise this year.

Persons: Dado Ruvic, Jefferies, Nomura, Ashna Teresa Britto, Janane Organizations: Tata Consultancy Services, REUTERS, Rights, India's Tata Consultancy Services, Infosys, TCS, Thomson

☆ Gold steady as Fed officials adopt dovish policy tone
▼ + stars: | 2023-10-11 | by ( ) www.cnbc.com time to read: +2 min

Gold prices held near a more than one-week high on Wednesday as the dollar edged lower after several U.S. Federal Reserve officials suggested that the recent surge in Treasury yields might make further rate hikes less necessary. Spot gold was trading at $1,859.43 per ounce as of 0529 GMT after hitting its highest level since Sept. 29 on Tuesday. The dollar dipped to nearly a two-week trough against a basket of currencies, tracking a slide in U.S. Treasury yields that have retreated from their 2007 highs scaled last week. Higher rates raise the opportunity cost of holding gold, which is priced in dollars and does not yield any interest. Elsewhere, spot silver rose 0.2% to $21.85 per ounce, platinum gained 0.6% to $885.93 and palladium added 0.5% at $1,175.13.

Persons: Kelvin Wong, Neel Kashkari, Raphael Bostic, Wong Organizations: . Federal Reserve, Treasury, Asia Pacific, OANDA . Minneapolis, Atlanta Fed, CPI Locations: Moscow, Russia, ., U.S, OANDA

☆ Canadian dollar dips as oil prices pull back
▼ + stars: | 2023-10-11 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto January 23, 2015. REUTERS/Mark Blinch/File Photo Acquire Licensing RightsSummary Canadian dollar weakens 0.1% against the greenbackTrades in a range of 1.3572 to 1.3623Price of U.S. oil settles 2.9% lower10-year yield eases 6.1 basis pointsTORONTO, Oct 11 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Wednesday, giving back some recent gains, as oil prices fell and investors turned attention to a key U.S. inflation report. On Tuesday, it touched its strongest intraday level since Oct. 2 at 1.3567, supported by a drop in bond yields globally and higher oil prices after conflict broke out over the weekend in the Middle East. I think that's one of the reasons that CAD is a little weaker today," said Erik Bregar, director, FX & precious metals risk management at Silver Gold Bull. U.S. crude oil futures settled 2.9% lower at $83.49 a barrel after top OPEC producer Saudi Arabia pledged to help stabilize the market.

Persons: Mark Blinch, Price, Erik Bregar, Bregar, clawing, Fergal Smith, Jonathan Oatis Organizations: REUTERS, greenback, U.S, Bull, Saudi, Federal Reserve, Thomson Locations: Toronto, TORONTO, U.S, Saudi Arabia, Thursday's U.S

Bostic was partly responding to the outburst of violence in Israel and Gaza, said Joseph Trevisani, senior analyst at FXStreet in New York. "You can pretty much count on the Fed taking that into its world view and that's only going to be lower rates." U.S. Treasuries rallied, pushing two-year yields to their lowest in a month, as safe-haven demand was driven by the ongoing Mideast bloodshed and dovish Fed comments. The yield on the 10-year U.S. Treasury , which moves inversely to the price, was down 12.5 basis points at 4.6571%. The Swiss franc , a traditional safe-haven currency, was at 0.9045 to the dollar, which weakened about 0.21%.

Persons: Dado Ruvic, Raphael Bostic, Bostic, Joseph Trevisani, Treasuries, Shaun Osborne, Israel's shekel, They're, Chris Turner, Herbert Lash, Harry Robertson, Tom Westbrook, Simon Cameron, Moore, Susan Fenton, Sharon Singleton, Jonathan Oatis, Mark Heinrich, Richard Chang Organizations: REUTERS, Federal Reserve, Atlanta Fed, Fed, American Bankers Association, U.S, Scotiabank, Traders, Bloomberg, Analysts, Columbus, Kyodo, Bank of Japan, . Treasury, ING, Swiss, Thomson Locations: China, U.S, Israel, Gaza, New York, Toronto, Palestinian, London, Singapore

☆ Hong Kong's Hang Seng index rises 2%, leading gains in Asia ahead of key U.S. jobs report
▼ + stars: | 2023-10-06 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Hong Kong's Hang Seng index jumped over 2%, leading gains in the wider Asia-Pacific region as investors look ahead to U.S. jobs data that could set the tone for the Federal Reserve's next move for interest rates. The index was last trading 2.1% higher. Australia's S&P/ASX 200 traded 0.34% higher. South Korea's Kospi added 0.53% and the Kosdaq rose 0.98% in its first hour of trade. In Japan, the Nikkei 225 and Topix slipped 0.14% and 0.09% respectively.

Persons: Topix Organizations: Federal, Nikkei Locations: Asia, Pacific, Japan

☆ Happy meal? Steady demand for french fries is good news for U.S. economy
▼ + stars: | 2023-10-05 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

"The global frozen potato category continues to be solid with overall demand and supply balanced," Werner said. In the case of Lamb Weston and fast-food companies, that can manifest in the form of customers opting to skip fries or other side orders in a bid to keep spending restricted. Werner also said inflation can continue to drive up costs for the company, specifically related to potato contract prices. He pointed to June as a source of restaurant traffic weakness seen in the fiscal fourth quarter. Lamb Weston stock jumped more than 9% in Thursday's session.

Persons: Lamb, Tom Werner, Werner, Lamb Weston Organizations: Lamb Weston Holdings

☆ S&P 500 ends at lowest since June 1 as data fuels rate worries
▼ + stars: | 2023-10-03 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

The Dow turned negative for the year for the first time since June and ended at its lowest level since May 31. Data showed U.S. job openings unexpectedly increased in August, fueling worries about a tight labor market ahead of Friday's key U.S. monthly jobs report. All but one S&P 500 sector - utilities (.SPLRCU) - were lower on the day, led by declines in consumer discretionary (.SPLRCD) and technology (.SPLRCT). Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. The S&P 500 posted one new 52-week high and 63 new lows; the Nasdaq Composite recorded 15 new highs and 439 new lows.

Persons: Dow, Rick Meckler, Brendan McDermid, Raphael Bostic, Loretta Mester, advancers, Caroline Valetkevitch, Ankika Biswas, Shashwat Chauhan, Vinay Dwivedi, Maju Samuel, Richard Chang Organizations: Microsoft, Dow, Nasdaq, Federal, Investors, Cherry Lane Investments, New York Stock Exchange, REUTERS, Dow Jones, Atlanta Fed, Cleveland Fed, Reuters, Ofcom, NYSE, Thomson Locations: New Vernon , New Jersey, New York City, U.S, Bengaluru

☆ Indexes ended sharply lower as data adds to rate worries
▼ + stars: | 2023-10-03 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. Data showed U.S. job openings unexpectedly increased in August, fueling worries about a tight labor market ahead of Friday's key U.S. monthly jobs report. All but one S&P 500 sector - utilities (.SPLRCU) - were lower on the day, led by declines in consumer discretionary (.SPLRCD) and technology (.SPLRCT). Cleveland Fed President Loretta Mester said she is open to raising rates again, potentially at the bank's next meeting. While the Dow is down slightly for the year so far, the Nasdaq remains up sharply since Dec. 31 after a rally driven by enthusiasm over artificial intelligence.

Persons: Brendan McDermid, Rick Meckler, Raphael Bostic, Loretta Mester, Dow, Ankika Biswas, Shashwat Chauhan, Vinay Dwivedi, Maju Samuel, Richard Chang Organizations: New York Stock Exchange, REUTERS, Microsoft, Major U.S, Federal, Investors, Cherry Lane Investments, Nasdaq, Dow Jones, Atlanta Fed, Cleveland Fed, Reuters, Ofcom, Thomson Locations: New York City, U.S, Major, New Vernon , New Jersey, Bengaluru

☆ Indexes fall at least 1% as data adds to rate worries
▼ + stars: | 2023-10-03 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. Data showed U.S. job openings unexpectedly increased in August, fueling worries about a tight labor market ahead of Friday's key U.S. monthly jobs report. All but one S&P 500 sector - utilities (.SPLRCU) - were lower on the day, led by more than 2% declines in consumer discretionary (.SPLRCD) and technology (.SPLRCT). Cleveland Fed President Loretta Mester said she is open to raising rates again, potentially at the bank's next meeting. The S&P 500 posted one new 52-week high and 62 new lows; the Nasdaq Composite recorded 13 new highs and 390 new lows.

Persons: Brendan McDermid, Rick Meckler, Raphael Bostic, Loretta Mester, Dow, advancers, Ankika Biswas, Shashwat Chauhan, Vinay Dwivedi, Maju Samuel, Richard Chang Organizations: New York Stock Exchange, REUTERS, Microsoft, Dow, Nasdaq, Major U.S, Federal, Data, Investors, Cherry Lane Investments, Dow Jones, Atlanta Fed, Cleveland Fed, Reuters, Ofcom, NYSE, Thomson Locations: New York City, U.S, Major, New Vernon , New Jersey, Bengaluru

☆ Dollar set for best quarter in a year; yen-watch rumbles on
▼ + stars: | 2023-09-29 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. "We've had resilience in the U.S. economy, in the jobs market, inflation ticking higher and, obviously, the rise in oil prices. "We're not really expecting to see any rate cuts for quite some time, well toward the back end of 2024. Markets are looking ahead to the next data points, starting with key U.S. personal consumption data due later on Friday. The yen last traded at 149.125 to the dollar, which eased 0.13% on the day.

Persons: Florence Lo, Fiona Cincotta, We're, Tony Sycamore, we've, Sycamore, Thomas Barkin, Yasunari Ueno, Brigid Riley, Gerry Doyle, Neil Fullick, Kevin Liffey Organizations: U.S, REUTERS, Treasury, City Index, Federal Reserve, IG, Richmond Fed, Mizuho Securities, Sterling, National Statistics, COVID, Thomson Locations: U.S, City, Tokyo

☆ US monitoring large Serbian force along Kosovo border -White House
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

A Kosovo police officer looks on, in the aftermath of a shooting incident, in Banjska village, Kosovo September 27, 2023. REUTERS/Ognen Teofilovski/File Photo Acquire Licensing RightsWASHINGTON, Sept 29 (Reuters) - The United States is monitoring a troubling Serbian military deployment along the border of Kosovo that is destabilizing the area, the White House said on Friday and called for the forces to be withdrawn. White House national security spokesperson John Kirby told reporters that Kosovo's peacekeeping force is going to be increasing its presence of NATO forces in northern Kosovo as a result of the tensions. Kosovo authorities said police fought around 30 heavily armed Serbs who stormed the Kosovo village of Banjska on Sunday and barricaded themselves in a Serbian Orthodox monastery. Kirby called "a large Serbian military deployment along the Kosovo border" a destabilizing development and called on Serbia to withdraw those forces and contribute to lowering tensions.

Persons: Ognen, John Kirby, Kirby, Antony Blinken, Jake Sullivan, Steve Holland, David Ljunggren, Daniel Wallis Organizations: REUTERS, Rights, White House, NATO, Thomson Locations: Banjska village, Kosovo, United States, Banjska, Serbian, Serbia, NATO

☆ US monitoring large Serbian force along Kosovo border, White House says
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

☆ Morning Bid: Spiky quarter ends in uneasy market calm
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. At 4.53% on Friday, the 10-year benchmark was some 15 basis points off Thursday's peak and two-year yields fell back to their lowest since Sept. 18. Some optimism from Beijing about a possible year-end summit between President Xi Jinping and U.S. President Joe Biden helped. Key developments that should provide more direction to U.S. markets later on Friday:* US August PCE inflation gauge, personal income and spending. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Thursday's, Xi Jinping, Joe Biden, Lifeng, Federal Reserve's, Jerome Powell, Thomas Barkin, it's, Kathleen O'Neill Paese, John Williams, Toby Chopra Organizations: New York Stock Exchange, REUTERS, Treasury, Organization of, Petroleum, Wall Street Journal, Federal, Fed, Richmond Fed, Nike, HK, Reuters, Mercedes, Benz, Chicago, University of, Louis Federal Reserve, New York Fed, U.S, Reuters Graphics Reuters, Reuters Graphics, Thomson Locations: New York City, U.S, Beijing, China, Washington, Hong Kong, Nio

☆ US backs Pacific undersea internet cable amid China competition
▼ + stars: | 2023-09-28 | by ( Joe Brock | ) www.reuters.com time to read: +3 min

Workers install the 2Africa undersea cable on the beach in Amanzimtoti, South Africa, February 7, 2023. The Central Pacific Cable would connect American Samoa with Guam - two U.S. territories - and extend to up to 12 more Pacific islands, according to a document showing the cable route. Undersea internet cables typically take at least 3-5 years to be developed and installed. Tonga was cut off from global telecommunication networks for a month last year after a volcanic eruption and tsunami severed its only undersea cable. Washington intervened two years ago to block a Chinese company from building another subsea internet cable in the Pacific islands, Reuters reported at the time.

Persons: Rogan Ward, Paul McCann, John Hibbard, APTelecom, Hibbard, McCann, Joe Biden, Biden, Solomon, Joe Brock, Kirsty Needham Organizations: REUTERS, Pacific, Reuters, Central Pacific Cable, Futuna, Federated, World Bank, U.S . Trade, Development Agency, U.S, East Micronesia Cable, Thomson Locations: Amanzimtoti, South Africa, China, SINGAPORE, United States, American Samoa, Guam, U.S, Singapore, Papua New Guinea, Samoa, Tuvalu, Fiji, Nauru, Marshall Islands, Kiribati, Cook Islands, Wallis, Federated States, Micronesia, Australia, New Zealand, Washington, Tonga, Beijing, Japan, Sydney

☆ US, Japan authorities warn of China-linked hacking group BlackTech
▼ + stars: | 2023-09-28 | by ( Kantaro Komiya | Thomson Reuters | Kantaro Writes About Everything Japan'S Economic Indicators To North Korea'S Missiles To Global Regulation On Ai Companies. His Previous Stories Have Been Published In The Associated Press | ) www.reuters.com time to read: +2 min

REUTERS/Kacper Pempel/Illustration/File Photo Acquire Licensing RightsCompanies Hss Otomotiv Ve Lastik Sanayi Anonim Sirketi FollowTOKYO, Sept 28 (Reuters) - U.S. National Security Agency, Federal Bureau of Investigation and Japanese police jointly warned multinational companies of China-linked hacker group BlackTech in a cybersecurity advisory late on Wednesday. "BlackTech has demonstrated capabilities in modifying router firmware without detection and exploiting routers’ domain-trust relationships to pivot from international subsidiaries to headquarters in Japan and the United States, which are the primary targets," the statement said. BlackTech has been engaging in cyberattacks on governments and tech-sector companies in the United States and East Asia since around 2010, Japan's National Police Agency said in a separate statement. Amid heightening U.S.-China tensions over issues including Taiwan, U.S. security officials are raising the tone of their warnings against China's cyberattack capabilities. FBI chief Chris Wray earlier this month said China "has a bigger hacking program than every other major nation combined".

Persons: Kacper, BlackTech, cyberattacks, Chris Wray, Kantaro Komiya, Michael Perry Organizations: REUTERS, . National Security Agency, Federal Bureau of Investigation, Cybersecurity, Infrastructure Security Agency, Japan's National Police Agency, Chinese Communist Party, U.S, FBI, United Kingdom, Washington Post, Pentagon, Thomson Locations: TOKYO, China, Japan, United States, East Asia, Blacktech, Taiwan, U.S, Australia, Canada, New Zealand, United, South Korea

Daibes is now a key figure in a sweeping bribery case brought against Menendez, his wife and multiple other associates. Menendez, according to the indictment, then badgered both Sellinger and the prosecutor who had been put in charge of Daibes case, calling them several times. Menendez also asked one of his political advisors to let Sellinger know he was upset with the way the Daibes case was being handled, according to the indictment. Last year, following a delayed trial, Daibes pleaded guilty in his bank fraud case. But his sentencing has been repeatedly delayed and is now scheduled to take place next month.

Persons: —, Sen, Bob Menendez, Philip Sellinger, Sellinger, Menendez, Fred Daibes, Daibes, ”, Tim Donohue, ” Daibes, James Delaney, “, Delaney's, Bridget Delaney, Joe Biden, Nadine, David Schertler, Nadine Menendez, ” Sellinger, Menendez's Organizations: Attorney, U.S, Edgewater, New, Commission of Investigation, Associated Press, Department of Justice, New Jersey U.S, Attorney’s Locations: New Jersey, Daibes, Egypt, Manhattan, U.S, Hudson, Edgewater , New Jersey, Union City, Edgewater, ”, Newark

☆ Saudi crown prince says he will keep 'sportswashing' as criticism of the practice grows
▼ + stars: | 2023-09-21 | by ( Drew Richardson | ) www.cnbc.com time to read: +4 min

Call it whatever you want, we're going to get that one and a half percent," the crown prince said. The Saudi Public Investment Fund (PIF), an entity controlled by Crown Prince Mohammed, has backed Saudi soccer clubs and LIV Golf. The LIV Golf merger with the PGA Tour has faced widespread scrutiny. Key U.S. lawmakers have criticized the pending golf merger as an attempt by the kingdom to distract from its human rights record. Prior to the deal, LIV Golf sued the PGA Tour for alleged anticompetitive practices, which prompted the PGA Tour to countersue, saying LIV Golf was stifling competition.

Persons: Saudi Arabian Crown Prince Mohammed bin Salman Al Saud, Prince Mohammed bin Salman, sportswashing, I'm, Critics, Jamal Khashoggi, Cristiano Ronaldo, Dustin Johnson, Bryson DeChambeau, LIV Golf, Crown Prince Mohammed, LIV, Osama bin Laden, It's, Sen, Richard Blumenthal, Conn, Jimmy Dunne, Ron Price, Price, Benjamin Freeman, — CNBC's Lillian Rizzo, Chelsey Cox Organizations: Saudi, Saudi Arabian Crown, Partnership, Global Infrastructure, Fox News, Washington Post, Neymar, PGA Tour, Saudi Public Investment Fund, Crown, Reuters, PGA, Key U.S, Homeland Security, Governmental Affairs, Tour, Quincy Institute, Responsible Locations: Saudi Arabian, New Delhi, India, Saudi, Europe, Saudi Arabia, Key, Yemen

☆ India's Wipro says CFO Dalal resigns, replaced by 20-year veteran Iyer
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] Wipro Ltd logo is seen displayed in this illustration taken, April 10, 2023. Dalal will be replaced by Aparna Iyer, also a 20-year veteran who was most recently senior vice president and CFO of Wipro's cloud services unit, the company said. While Iyer will take over as CFO on Sept. 22, Dalal will stay on until Nov. 30, Wipro said. Dalal, who became CFO in 2015, and CEO Thierry Delaporte guided Wipro through the pandemic years as demand for digital services boomed. Delaporte said in a statement that Iyer has been integral to Wipro's finance transformation over the last few years.

Persons: Dado Ruvic, Jatin Dalal, Aparna Iyer, Iyer, Dalal, Thierry Delaporte, Goldman Sachs, Delaporte, Ashish Chandra, Savio D'Souza Organizations: Wipro, REUTERS, Rights, Indian IT, Thomson Locations: Indian, Bengaluru

☆ New economic rules shatter US bonds’ crystal ball
▼ + stars: | 2023-09-19 | by ( Ben Winck | ) www.reuters.com time to read: +8 min

Yield curve “inversions” belong to the latter group. At first sight, they are right: Yield curve inversions have been a consistent predictor of future downturns. Yield curve inversions take place when the yield on short-dated government debt climbs higher than that on longer-term bonds. Lower long-dated bond yields are seen as a sign that investors predict lower rates due to an economic downturn. As such, yield curve inversions have become a popular forward indicator of economic recessions.

Persons: Treasuries, There’s, Eugene F, Fama, Kenneth R, joblessness, Morgan Stanley, Ellen Zentner, Francesco Guerrera, Sharon Lam, Aditya Sriwatsav, Oliver Taslic Organizations: Reuters, San Francisco Federal Reserve, Fed, New York Fed, Morgan Stanley U.S, Treasury, European Central Bank, Thomson Locations: United States, U.S, Covid

In the book, author Walter Isaacson wrote that a Ukrainian drone submarine attack on Russian warships was disrupted by a disconnect from Starlink, ordered by Musk. Excerpts from the book raised alarm bells in Washington, among NATO allies and in the Ukrainian capital. Musk also argued, as he has in the past, that Ukraine should strike a "truce" with Russia. Musk's "peace plan" argument was shouted down by Ukraine officials, politicians and Putin experts. Earlier in the week, Sen. Warren called for a Congressional probe of Musk and SpaceX.

Persons: Elon Musk, Democratic Sens, Jeanne Shaheen of, Elizabeth Warren of Massachusetts, Tammy Duckworth, Lloyd Austin, Musk, Tesla, Walter Isaacson, Isaacson, CNBC's, Putin, Jeff Jurgensen, Sen, Warren Organizations: WASHINGTON —, Democratic, Armed Services, Pentagon, SpaceX, Ukrainian Armed Forces, Illinois, Twitter, NATO, CNBC, U.S . Department of Defense, Department of Defense, Congressional, Bloomberg Locations: Ukraine, Jeanne Shaheen of New Hampshire, U.S, Ukrainian, Washington, Crimea, Russia

☆ Euro, sterling slide versus dollar ahead of U.S. inflation data
▼ + stars: | 2023-09-13 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

The dollar index , which tracks the currency against six peers including yen, euro and sterling, held firm, though moves were subdued, up 0.13% to 104.73, as traders awaited the U.S. consumer price index (CPI) reading for August. The release comes just a week before Federal Reserve officials gather to decide on interest rate policy. The euro fell 0.2% to $1.0731 as markets raised their bets on further ECB rate hikes despite recent data showing the decline in euro zone business activity accelerated faster than initially thought last month. A source told Reuters that the ECB expects inflation in the 20-nation euro zone to remain above 3% next year, bolstering the case for a 10th consecutive interest rate increase on Thursday. YEN RETRACES GAINSThe yen fell as traders further digested comments from Japan's top central banker on a possible early exit from its negative interest rate policy.

Persons: Dado Ruvic, CME's, BoE, Stephen Gallo, Jim Reid, Deutsche Bank . Sterling, YEN RETRACES, Hiroshige Seko, Kazuo Ueda's, Ueda, Joice Alves, Brigid Riley, Alison Williams, Mark Heinrich Our Organizations: REUTERS, Sterling, European Central Bank, Federal Reserve, Federal, ECB, FX, BMO Capital Markets, U.S, CPI, Reuters, Deutsche Bank ., Bank of Japan, Fed, Thomson Locations: U.S, Japan, London, Tokyo

European stocks (.STOXX) fell as much as 0.5% in early trading, with rate-sensitive tech stocks (.SX8P) losing 0.8%. And the latest spike in oil prices to 10-month highs is unlikely to escape the Fed's attention. Fuelling worries over persistent inflation were oil prices, which firmed after hitting a 10-month peak a day earlier. ECB HIKE BETSThe euro was down 0.1% at $1.074, after nearing one-week highs on the Reuters story which was published late on Tuesday. "The leak raises the possibility of a hawkish hike which would be much more supportive for the EUR," said Steve Englander, global head of G10 FX research at Standard Chartered, referring to the Reuters report.

Persons: Androniki, Robert Alster, you'll, Steve Englander, Tom Wilson, Stella Qiu, Shri Navaratnam, Christina Fincher Organizations: Nikkei, REUTERS, Consumer, Index, Federal Reserve, Management, European Central Bank, Reuters, ECB, Nasdaq, Brent, U.S, West Texas, Markets, Standard Chartered, Thomson Locations: Tokyo, Japan, SYDNEY, Asia, Pacific, London, Sydney

☆ Dollar edges up ahead of inflation reading, euro awaits ECB decision
▼ + stars: | 2023-09-13 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

The dollar index , which tracks the currency against six peers including yen, euro and sterling, held firm, though moves were subdued, up 0.1% to 104.70, as traders awaited the U.S. consumer price index (CPI) reading for August. The release comes just a week before Federal Reserve officials gather to decide on interest rate policy. Elsewhere, the euro edged 0.1% lower to $1.0742 ahead of the ECB meeting on Thursday. A source told Reuters that the ECB expects inflation in the 20-nation euro zone to remain above 3% next year, bolstering the case for a 10th consecutive interest rate increase on Thursday. YEN RETRACES GAINSThe yen fell as traders further digested comments from Japan's top central banker on a possible early exit from its negative interest rate policy.

Persons: Dado Ruvic, CME's, Jim Reid, Deutsche Bank . Sterling, YEN RETRACES, Hiroshige Seko, Kazuo Ueda's, Ueda, Joice Alves, Brigid Riley, Alison Williams Organizations: REUTERS, European Central Bank, Federal Reserve, Commerzbank, ECB, Reuters, Deutsche Bank ., Bank of Japan, Fed, Thomson Locations: Japan, London, Tokyo

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