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Big central banks hit pause, with rate cuts far off
  + stars: | 2023-10-26 | by ( ) www.reuters.com   time to read: +5 min
On Oct. 23, Fed Chair Jay Powell said a strong economy and tight jobs market could warrant more rate rises. Interest rate futures show traders believe the BoE will not cut rates, now at their highest since 2008, until at least June 2024. "The Governing Council’s past interest rate increases continue to be transmitted forcefully into financing conditions," the ECB said, adding it would follow a "data-dependent" approach and future decisions would be based on incoming data. Prime Minister Jonas Gahr Stoere told parliament last week interest rates may have peaked. Reuters Graphics Reuters Graphics8) AUSTRALIAThe Reserve Bank of Australia held rates steady at 4.1% for a fourth meeting in October.
Persons: Jonathan Ernst, Jay Powell, BoE, Jonas Gahr Stoere, Michele Bullock, Naomi Rovnick, Harry Robertson, Alun John, Yoruk Bahceli, Samuel Indyk, Chiara Elisei, Kripa Jayaram, Pasit, Riddhima, Sumanta Sen, Vineet, Amanda Cooper, Giles Elgood Organizations: . Federal, REUTERS, European Central Bank, Federal Reserve, Bank of England, UNITED, Reuters, Reserve Bank of New Zealand, BRITAIN, Bank of Canada, BoC, ECB, Norges Bank, Reuters Graphics Reuters, Reserve Bank of Australia, Bank of Japan, Thomson Locations: Washington, Japan, hawkish, dovish, NORWAY, SWEDEN Sweden, SWITZERLAND, Swiss, Gaza, JAPAN
Stars cruise past Penguins for third straight win
  + stars: | 2023-10-25 | by ( Field Level Media | ) www.reuters.com   time to read: +2 min
[1/42] Oct 24, 2023; Pittsburgh, Pennsylvania, USA; Dallas Stars left wing Mason Marchment (27) takes the ice to warms up before the game against the Pittsburgh Penguins at PPG Paints Arena. Mandatory Credit: Charles LeClaire-USA TODAY Sports Acquire Licensing RightsOctober 25 - Jason Robertson and Thomas Harley each had a goal and an assist Tuesday to help the visiting Dallas Stars down the Pittsburgh Penguins 4-1 for their third straight win. Ryan Graves forced a turnover in the Stars' end and got the puck to defense partner Kris Letang. From the bottom of the left circle, Guentzel set up Rust in the slot, and Rust shoveled it past Oettinger for his team-leading fifth goal. Matt Duchene, near the crease, got the puck through two Penguins to Dadonov, who threaded it inside the right post.
Persons: Mason Marchment, Charles LeClaire, Jason Robertson, Thomas Harley, Evgenii Dadonov, Wyatt Johnston, Jake Oettinger, Bryan Rust, Alex Nedeljkovic, John Ludvig, Radek Faksa, Oettinger, Rust, Ryan Graves, Kris Letang, Sidney Crosby, Jake Guentzel, Guentzel, Robertson, Nedeljkovic's, Dadonov, Matt Duchene, Nedeljkovic, Harley, Johnston Organizations: Dallas Stars, Pittsburgh Penguins, PPG Paints, Stars, Dallas, Penguins, Pittsburgh, NHL, The Penguins, Thomson Locations: Pittsburgh , Pennsylvania, USA, Dadonov
Gakpo available for Liverpool's game with Toulouse, says Klopp
  + stars: | 2023-10-25 | by ( ) www.reuters.com   time to read: +2 min
Soccer Football - England - Premier League - Liverpool v Aston Villa - Anfield, Liverpool, Britain - September 3, 2023 Liverpool's Cody Gakpo during the warm up before the match REUTERS/Molly Darlington/File Photo Acquire Licensing RightsOct 25 (Reuters) - Liverpool forward Cody Gakpo has recovered from injury and is available for Thursday's Europa League home game against Toulouse, manager Juergen Klopp said. "Cody is in full training now since Sunday, which means he's available for the squad," Klopp told reporters. Liverpool, fourth in the Premier League, take on Nottingham Forest on Sunday, but for now Klopp's focus is solely on Toulouse. "This year - a really young team, a really talented team ... they have a clear idea - but we have to see how they show up here." "We hope to go long, long, long in this competition, for that we have to make all the decisive steps - and tomorrow night is a very big one."
Persons: Cody Gakpo, Molly Darlington, Juergen Klopp, Cody, Klopp, Andy Robertson, It's, Trevor Stynes, Kevin Liffey Organizations: Soccer Football, England, Premier League, Liverpool, Aston Villa, Anfield, Thursday's Europa League, Toulouse, Europa League, Liverpool's, Tottenham Hotspur, Everton, Nottingham Forest, LASK, Thomson Locations: Liverpool, Britain, Scotland, Toulouse, Union
NHL roundup: Knights extend franchise-record perfect start
  + stars: | 2023-10-25 | by ( ) www.reuters.com   time to read: +10 min
Paul Cotter and Ivan Barbashev also scored goals, Jack Eichel had two assists and Logan Thompson finished with 26 saves for the Golden Knights. Pheonix Copley made 24 saves in his second start as the Kings won for the third time in four games. Ryan Johansen scored twice, Rantanen had a goal and three assists and Cale Makar added a goal and two assists. Zemgus Girgensons added a goal for Buffalo, and Ukko-Pekka Luukkonen made 34 saves in his first start of the season. Blake Coleman scored for the Flames, who have lost three straight games.
Persons: Shea Theodore, Brayden McNabb, Stephen R, Paul Cotter, Ivan Barbashev, Jack Eichel, Logan Thompson, Noah Cates, Cam Atkinson, Carter Hart, Jeremy Swayman, Pavel Zacha, Matthew Poitras, Trent Frederic, Petr Mrazek, Kopitar, Trevor Lewis, Trevor Moore, Blake Lizotte, Kevin Fiala, Adrian Kempe, Pheonix Copley, Jack McBain, Nick Bjugstad, Clayton Keller, Phillip Di Giuseppe, Nils Hoglander, Thatcher Demko, Ilya Mikheyev, Colton Sissons, Kiefer Sherwood, Jordan Eberle, Eberle, Jared McCann, Jaden Schwartz, Tye Kartye, McCann, Dylan Larkin, Joe Veleno, Shayne Gostisbehere, Alex DeBrincat, Nathan Mackinnon, Bowen Byram, Mikko Rantanen, Ryan Johansen, Rantanen, Cale Makar, Ross Colton, Alexandar Georgiev, Cal Clutterbuck, Simon Holmstrom, Kyle Palmieri, Anders Lee, Noah Dobson, Jean, Gabriel Pageau, Ilya Sorokin, Anthony Stolarz, Carter Verhaeghe, Sam Reinhart, Kevin Stenlund, Fabian Zetterlund, Mackenzie, Jonas Johansson, Johansson, Alex Barre, Boulet, Nick Paul, Nikita Kucherov, Tage Thompson, Jeff Skinner, Alex Tuch, Casey Mittelstadt, Zemgus Girgensons, Pekka Luukkonen, Mathieu Joseph, Vladimir Tarasenko, Ottawa's Jakob Chychrun, Josh Norris, Anton Forsberg, Joonas Korpisalo, Ryan Hartman, Mats Zuccarello, Joel Eriksson Ek, Jake Middleton, Kirill Kaprizov, Filip Gustavsson, Warren Foegele, Evan Bouchard, Evander Kane, Jack Campbell, Connor McDavid, Morgan Rielly, Auston Matthews, John Tavares, William Nylander, Joseph Woll, Alex Ovechkin, Darcy Kuemper, Frank Vatrano, Anaheim's Ryan Strome, Brett Leason, Lukas Dostal, Adam Fantilli, Emil Bemstrom's, Jack Roslovic, Fantilli, Dostal, Jack Hughes, Tyler Toffoli's, Hughes, Jose's Patrick Marleau, Joe Thornton, Edmonton's Connor McDavid, Justin Barron, Mike Matheson, Cayden Primeau, Connor Hellebuyck, Louis, Kyle Connor, Mason Appleton, David Gustafsson, Morgan Barron, Pavel Buchnevich, Robert Thomas, Jordan Binnington, Erik Gustafsson, Igor Shesterkin, Alexis Lafreniere, Chris Kreider, Filip Chytil, Shesterkin, Blake Coleman, Jacob Markstrom, Jason Robertson, Thomas Harley, Evgenii Dadonov, Wyatt Johnston, Jake Oettinger, Bryan Rust, Alex Nedeljkovic Organizations: Vegas Golden Knights, Philadelphia Flyers, Mobile, NHL, Stanley, Golden Knights, Philadelphia, Bruins, Blackhawks, Chicago, Coyotes, Los Angeles, Los, Kings, Canucks, Predators, Vancouver, Nashville, Red Wings, Seattle, Detroit, Wings, Avalanche, Islanders, New, Cal, Panthers, Sharks, Hurricanes, Tampa Bay, Senators, Buffalo, Ottawa, Sabres, Oilers, Edmonton, Maple Leafs, Capitals, Toronto, Washington, Ducks, Blue Jackets, Columbus, Nationwide, . Blue Jackets, Canadiens, New Jersey, Montreal, New Jersey's, Jets, Blues, Winnipeg, St, Rangers, Flames, Penguins, Thomson Locations: Las Vegas , Nevada, USA, Las Vegas, Vegas, Boston, Arizona, Los Angeles, Colorado, New York, Florida, San Jose, Sunrise, Fla, Mackenzie Blackwood, Carolina, Minnesota, Anaheim, New, Calgary, Dallas, Pittsburgh
Ten-year U.S. Treasury yield hits 5%
  + stars: | 2023-10-23 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 23 (Reuters) - The yield on the benchmark 10-year U.S. Treasury note rose above 5.0% on Monday, hitting the July 2007 milestone that it briefly attempted to scale last week. The run-up in yields on the 10-year Treasury bond, seen as a safe-haven in times of economic uncertainty and a benchmark for borrowing costs around the world, has been driven by investors pricing in stronger U.S. growth as well as fiscal slippage. The 10-year yield touched 5.004% on Monday, up around 8 basis points (bps) on the day. Treasury borrowing costs have climbed, and a divided Congress has bickered over next year's spending bills while using stopgap measures to avert a shutdown of government operations. The yield on the two-year U.S. Treasury was last up 4 bps at 5.125%.
Persons: Dado Ruvic, Jerome Powell, Joe Biden, Kyle Rodda, Vidya Ranganathan, Harry Robertson, Kevin Buckland, Neil Fullick, Alun John Organizations: REUTERS, Treasury, U.S, Thomson Locations: U.S, Ukraine, Israel
October 22 - Stars captain Joe Pavelski scored 2:13 into overtime as host Dallas beat the Philadelphia Flyers 5-4 on Saturday night. Dallas took an early 2-0 lead, only for Philadelphia to erase it by the end of the first period. Though the Stars restored their two-goal lead at 4-2, Travis Konecny and Scott Walker each scored to tie the score late in the final frame. Travis Konecny tied the score at 2-2 with a short-handed breakaway goal, his team-leading fourth of the season. The Stars restored their lead after Hintz scored off Jason Robertson's drop pass, but the Flyers never looked out of the game.
Persons: Joe Pavelski, Travis Konecny, Scott Walker, John Tortorella, Carter Hart, Samuel Ersson, Felix Sandstrom, Wyatt Johnston, Johnston, Tyler Seguin, Travis Sanheim, Seguin, Joel Farabee, Hintz, Jason Robertson's, Jamie Benn, Walker, Pavelski Organizations: Dallas, Philadelphia Flyers, Flyers, Thomson Locations: Philadelphia
Oct 20 (Reuters) - S&P Global is the first among the “big three” rating agencies to upgrade Greece to investment grade since the country’s debt crisis in 2010. The other two agencies, Fitch and Moody's, rate the country one notch below investment grade. DBRS Morningstar upgraded Greece's rating to investment grade BBB (low) last month. Greece expects economic output to rise 3% in 2024 following a 2.3% expansion this year more than twice the eurozone average. It’s trading as investment grade anyway,” Rabobank senior rates strategist Lyn Graham-Taylor told Reuters.
Persons: Fitch, DBRS Morningstar, Lyn Graham, Taylor, Akshita, Harry Robertson, Shailesh Kuber, Marguerita Choy Organizations: Global, BBB, Reuters, Greece's, Rabobank, Thomson Locations: Greece, Bengaluru, Lefteris, Athens
The population of southern Gaza has swelled in recent days after the Israeli military told around one million residents to leave northern Gaza ahead of the expected Israeli ground incursion. Early Friday morning, CNN’s Nic Robertson witnessed increased military activity along Israel’s border with Gaza. Protests in the Middle EastIsraeli warplanes’ relentless bombardment has left hundreds of thousands of people homeless and sparked growing protests across the Middle East. Anti-Israel protests gained momentum this week after hundreds of Palestinians were killed Tuesday in a blast at the Al-Ahli Baptist Hospital in Gaza. With anti-Israel protests rising across the Middle East there are fears other fronts could open up, particularly on Israel’s northern border with Lebanon where Hezbollah dominates and has increasingly clashed with Israel’s military over the last week.
Persons: Joe Biden, , heightening, Biden, Israel, Khaled Desouki, Guillemette Thomas, Mohammed Abed, Israel’s, Hassan Yousef, Yousef, Yoav Gallant, , Benjamin Netanyahu, CNN’s Nic Robertson, Ursula von der Leyen, ” von der Leyen Organizations: CNN, UN, UN Human Rights, Getty, Shifa, Hamas, of Interior, National Security, Jerusalem, Israel Defense Forces, ” CNN, Health Ministry, West Bank, Palestinian Legislative, Israeli, East, Hudson Institute, Israel, Al, Ahli Baptist Hospital, United Arab Locations: Gaza, Egypt, Lebanon, AFP, Palestine, Jerusalem, St, Porphyrius, Gaza City, Israel, Egypt’s, Washington ., Ahli, Saudi Arabia, Jordan, United Arab Emirates, Iraq
The head of Instagram’s Threads app, an X competitor, reiterated that his social network would not amplify news. The company has laid off news employees in two recent team reorganizations, and some publishers say traffic from Google has tapered off. If it wasn’t clear before, it’s clear now: The major online platforms are breaking up with news. Publishers seem resigned to the idea that traffic from the big tech companies will not return to what it once was. Even in the long-fractious relationship between publishers and tech platforms, the latest rift stands out — and the consequences for the news industry are stark.
Persons: Campbell Brown, , Adam Mosseri, Elon Musk Organizations: Twitter, Google, Publishers Locations: Instagram
The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Oct 19 (Reuters) - The London Stock Exchange (LSE) (LSEG.L) was forced to halt trading in smaller stocks on Thursday after an incident disrupted activity, although blue chip shares suffered no interruptions. London Stock Exchange Group (LSEG) said FTSE 100 (.FTSE), FTSE 250 (.FTMC) and International Order Book securities - those shares listed in London by overseas companies - were operating normally. The FTSE 100 closed down 1.2% on the day. In 2019, the London Stock Exchange suffered an almost two-hour outage that hit FTSE 100 and midcap stocks, which LSEG said was caused by a “technical software issue”.
Persons: Toby Melville, LSEG, Fiona Cincotta, Thomson, Akanksha, Huw Jones, Harry Robertson, Alun John, Joice Alves, Amanda Cooper, Danilo Masoni, Kirsten Donovan, Susan Fenton Organizations: London Stock Exchange Group, City of, REUTERS, London Stock Exchange, LSE, FTSE, Traders, Reuters, City, Thomson Reuters, Thomson Locations: City, City of London, Britain, London, LSEG, Bengaluru, Milan
Lily Gladstone and Leonardo DiCaprio Photo: APPLE ORIGINAL FILMSThud, thud, thud, thud, thud, thud. Robbie Robertson ’s musical score backing “Killers of the Flower Moon” relies heavily on a low, endlessly repeated guitar or bass note that mirrors the soul-deadening events on screen. We’re in 1920s Osage territory in Oklahoma, where after an oil discovery the Native Americans are being systematically swindled, robbed and murdered by white people. Director Martin Scorsese repeats so many variations on this depressing mistreatment that experiencing the film is akin to being locked in a room with a pair of soulless sadists. Based on the book by David Grann , “Flower Moon” is a drudge and a dirge that runs longer than “Titanic,” nearly 3 1/2 hours.
Persons: Lily Gladstone, Leonardo DiCaprio, thud, Robbie Robertson ’, Martin Scorsese, Scorsese, David Grann, Organizations: Hollywood, Netflix, Apple Locations: Osage, Oklahoma
Official data showed China's economy grew 1.3% in the third quarter, accelerating from 0.5% in the previous quarter and topping market forecasts for an increase of 1%. China's yuan hit a one-week high of 7.2905 per dollar, though it then retreated to 7.312. The China-sensitive Australian dollar , was last up 0.24% at $0.6381, while the New Zealand dollar was 0.18% higher at $0.5907. Reuters GraphicsThe euro was steady at $1.0571, while sterling was up 0.1% at $1.2194 after data showed British inflation failed to fall as expected in September. Israel's shekel was pinned to the weaker side of 4 to the dollar, around its lowest since 2015.
Persons: Dado Ruvic, Joe Biden, I'm, Erik Nelson, Wells, Nelson, we're, It's, it's, Imre Speizer, Israel's shekel, Tom Westbrook, Harry Robertson, Shri Navaratnam, Sharon Singleton Organizations: REUTERS, Rights, U.S ., Israel, Wednesday, New Zealand, Westpac, Reuters, Treasury, Bank of Japan, Thomson Locations: Rights SINGAPORE, LONDON, Gaza, China, Wells Fargo, Israel, Iran, U.S, Japan, Tokyo, Singapore, London
Oct 16 (Reuters) - Scotland coach Steve Clarke hailed the progress his side have made after they secured a berth at next year's European Championship with two games to spare. Spain's 1-0 win over Norway on Sunday ensured a top-two finish for Scotland in Group A, earning them automatic qualification for Euro 2024 in Germany. Scotland have qualified for back-to-back European Championship finals for just the second time, after they played in the 1992 and 1996 editions of the tournament. "I said after Euro 2020 that we wanted to be serial qualifiers again and reaching successive Euro finals shows the progress we've made." Clarke said they would celebrate qualification before getting back to work with their preparations for Tuesday's friendly against France.
Persons: Steve Clarke, Clarke, I'm, Andy Robertson, Aadi Nair, Peter Rutherford Organizations: Norway, Scotland, France, Thomson Locations: Germany, Scotland, Georgia, Norway, Spain, Bengaluru
A report of "40 beheaded babies" in Israel made the rounds last week as journalists worked to verify it. AdvertisementAdvertisementLast week, I was watching CNN and heard a someone describing the Hamas attacks on a kibbutz referencing 40 beheaded babies. The i24news' online story references "40 babies and young children" taken out on gurneys from the town of Kfar Aza. "I just wanted to clarify that I did not tweet 40 babies had been beheaded. Clearly fed up with the mess, BBC's Sardarizadeh, wrote on X, "War is not a game for retweets and likes on social media."
Persons: Claire Atkinson, , Cooper, Nic Robertson, Robertson, Rashida, Kfar Aza, Marc Owen Jones, JK, Bel, Anna Botting, hadn't, Justin Peden, Sardarizadeh, Elon, Elon Musk, Thierry Breton, Musk, BBC's Sardarizadeh, Rupert Murdoch, She's, Atkinson Organizations: Media, Service, CNN, Fox, Fox News, The Independent, Sky News, Comcast, Times, The Media Locations: Israel, Kfar, Gaza
Iain Cameron and his wife Brioni left Scotland and moved onto a boat in the Caribbean, in 2020. Besides, we both had stable jobs in Scotland: Brioni was an elementary school teacher and I worked in tech as an international technical trainer. For over two years now, living on a boat has made us stronger, more confident, and more appreciative. Iain and Brioni sailing on their boat in the Caribbean. An aerial view of Iain and Brioni sailing off the coast of an island.
Persons: Iain Cameron, Brioni, they've, Cameron, , we've, Saint Vincent, Iain, Caine, Iain Cameron We've, Manseen Logan Organizations: Service, Facebook, eBay, Robertson, YouTube, Seas, Southampton, Annapolis Locations: Scotland, Caribbean, Glasgow, Edinburgh, Dubrovnik, Croatia, Adriatic, Grenadines, Saint Vincent, United Kingdom, YachtWorld, Bonaire, Guna Yala, Panama, mlogan@insider.com
I need to have him back, in good shape – like before he left Thailand.”Thai workers at a vineyard in southern Israel. David Silverman/Getty Images/FILE‘Palestinian workers weren’t welcome anymore’Migrant workers from Asia make up more than half of Israel’s foreign work force, often taking on jobs as caregivers and within the construction industry. Human Rights Watch called for the “immediate and unconditional release” of all hostages and said that Thai workers, along with Nepalese and Filipinos, “were simply there to earn money to support their families. Migrant workers migrating to dangerous conflict zones in search of work, with little protection and legal enforcement, has been a “big issue for decades,” said British researcher and migrant worker rights specialist Andy Hall. Thailand itself is a major destination for migrant workers, mainly from poorer neighboring countries like Cambodia and Laos, as well as war-torn Myanmar.
Persons: Chumporn, Manee Jirachart, Jobs, Manee, He’d, Srettha Thavisin, , Phil Robertson, Lillian Suwanrumpha, Phiphat Ratchakitprakarn, ’ Manee, , ” Chumporn, David Silverman, Paul Castelvi, Nick, Paul, Ladizhinskaya, Kav LaOved, Israel ”, ” Ladizhinskaya, Robertson, , Andy Hall, ” Hall, Martin Griffiths Organizations: Bangkok CNN, Hamas, CNN, , Asia, Human Rights Watch, Getty, Labour, CNN Philippines, Rights, Agency, UN Locations: Bangkok, Thailand, Israel, Gaza, United States, Canada, France, Asia, Palestinian Territories, Philippines, “ Thailand, AFP, Palestine, China, San Fernando, Pampanga, , Cambodia, Laos, Myanmar
[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. The Fed minutes are due later Wednesday, and investors will assess them for further hints about the economic outlook and where U.S. rates are heading. The pan-European STOXX 600 index (.STOXX) rose 0.15% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 0.19%. Global stocks have edged higher in recent sessions with U.S. bond yields - which underpin borrowing costs around the world - easing as Fed officials have suggested interest rate hikes may be over for now. U.S. crude fell 2.68% to $83.67 per barrel and Brent was at $85.73, down 2.19% on the day.
Persons: Brendan McDermid, Edward Moya, Brent, Herbert Lash, Harry Robertson, Tom Westbrook, Sam Holmes, Alex Richardson, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Companies, Treasury, Reserve, Palestinian, Dow Jones, Nasdaq, Thomson Locations: New York City, U.S, Israel, Gaza, New York, London, Singapore
REUTERS/Staff/File Photo Acquire Licensing RightsSummaryCompanies Global stocks tick up; U.S. futures riseBond yields tumble again but remain highOil prices steady after rising on Israel-Hamas warLONDON/SINGAPORE, Oct 11 (Reuters) - Global stocks edged higher on Wednesday while bond yields dropped again as investors waited for minutes from the latest Federal Reserve meeting and U.S. inflation figures. Meanwhile, oil prices were little changed as traders kept an eye on the conflict between Palestinian militants and Israel. The MSCI All World stock index (.MIWD00000PUS) was last up 0.21% on Wednesday, after rising 1% in the previous session. Futures for the S&P 500 were up 0.26% after the stock index (.SPX) climbed 0.52% on Tuesday. Global stocks, which had been on the slide since early August, have rallied for the last few sessions.
Persons: Dow Jones, I'm, Florian Ielpo, Arthur van Slooten, Raphael Bostic, Harry Robertson, Tom Westbrook, Sam Holmes, Alex Richardson Organizations: REUTERS, Staff, LONDON, Reserve, Nasdaq, Dow, Lombard, Global, Investors, Treasury, Societe Generale, Atlanta Fed, Bloomberg, Thomson Locations: Frankfurt, Germany, Israel, SINGAPORE, Palestinian, Nashville, Gaza, Brent, China, London, Singapore
Weather derivatives were born in the late 1990s. Climate change and the El Nino weather phenomenon combined to make the northern hemisphere summer of 2023 the hottest ever recorded, according to the European Union Climate Change Service. Weather derivatives let buyers hedge against the risk that the weather will damage their business. Average open interest in CME weather futures and options contracts in September was around 170,000 contracts, compared to roughly 10 times that for crude oil - although market participants reckon 90% of the weather derivatives market is in over-the-counter deals. "Extreme weather events tend to make good marketing for weather futures," said Samuel Randalls, a professor at University College London who focuses on weather and climate.
Persons: Andrew ., Ken Griffin's, Peter Keavey, Griffin's Citadel, Nick Ernst, Ernst, Matthew Hunt, Samuel Randalls, David Whitehead, Whitehead, UCL's Randalls, BGC's Ernst, Martin Malinow, Harry Robertson, Emelia Sithole Organizations: NYPD, REUTERS, Energy, Chicago Mercantile Exchange, Enron, CME Group, El, Change, Graphics, University College London, Citadel, Thomson Locations: Manhattan, Williamsburg, New York City, U.S, Paris, New York, Ukraine
Weather derivatives were born in the late 1990s. Climate change and the El Nino weather phenomenon combined to make the northern hemisphere summer of 2023 the hottest ever recorded, according to the European Union Climate Change Service. Weather derivatives let buyers hedge against the risk that the weather will damage their business. Average open interest in CME weather futures and options contracts in September was around 170,000 contracts, compared to roughly 10 times that for crude oil - although market participants reckon 90% of the weather derivatives market is in over-the-counter deals. "Extreme weather events tend to make good marketing for weather futures," said Samuel Randalls, a professor at University College London who focuses on weather and climate.
Persons: Andrew ., Ken Griffin's, Peter Keavey, Griffin's Citadel, Nick Ernst, Ernst, Matthew Hunt, Samuel Randalls, David Whitehead, Whitehead, UCL's Randalls, BGC's Ernst, Martin Malinow, Harry Robertson, Emelia Sithole Organizations: NYPD, REUTERS, Energy, Chicago Mercantile Exchange, Enron, CME Group, El, Change, Graphics, University College London, Citadel, Thomson Locations: Manhattan, Williamsburg, New York City, U.S, Paris, New York, Ukraine
A kibbutz attack survivor says Hamas turned his "little piece of paradise" into "pure hell." Avidor Schwartzman told Reuters that he hid in his safe room with his family when Hamas attacked. AdvertisementAdvertisementA man who survived a Hamas attack on his kibbutz said the militant group turned his home into "pure hell." We saw our little piece of paradise, our little piece of heaven, was totally burnt and with blood everywhere," Schwartzman told Reuters. CNN correspondent Nic Robertson, reporting from the ground in Israel, said he saw "bodies everywhere" when he visited the kibbutz.
Persons: Avidor Schwartzman, Schwartzman, , " Schwartzman, Schwartzman's, Keren Flash, Flash, Nir, Nic Robertson, Robertson, Israel Organizations: Reuters, Service, Palestinian, Israel Defense Forces, CNN, Gaza Ministry of Health Locations: Kfar Aza, Gaza, Israel, Kibbutz Kfar Aza
The IDF said it won't investigate its claim that Hamas killed and decapitated babies at a kibbutz. AdvertisementAdvertisementA spokesperson for the Israel Defense Forces told Insider that the military won't seek further evidence for its claim that Hamas decapitated babies in Israel. On Tuesday, Dinar told Insider that babies' bodies had been found at the Kfar Aza kibbutz, and that some had been decapitated. AdvertisementAdvertisementHe said then that the IDF would not confirm the exact number of babies killed or how many had been beheaded. CBS News later reported that Israeli body-recovery teams had discovered beheaded babies and children in kibbutzim in southern Israel.
Persons: , Nir, Aza, i24News, Nicole Zedeck, Laura Cellier, Yossi Landau, Zaka, CNN's Nic Robertson, I'm, David Ben Zion, i24NEWS, Ben Zion, it's, Itai, Kfar Aza Organizations: Service, Israel Defense Forces, IDF, CBS, Anadolu Agency, BBC News, CNN, New York Times, Palestinian Ministry of Health, Ministry of Defense Locations: Israel, Kfar Aza, Zaka, Turkish, Gaza
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
Moves were relatively muted as traders waited for more Fed officials to speak later in the day, as well as minutes from the last Fed meeting to be released on Wednesday and U.S. inflation data on Thursday. The euro was last up 0.12% against the dollar at $1.0581. The dollar index , which tracks the greenback against six peers, was last up less than 0.1% at 106.05. The Swiss franc , a traditional safe-haven currency, was last flat, with the dollar trading at 0.9068 francs. Fed officials Raphael Bostic, Christopher Waller, Neel Kashkari and Mary Daly are due to speak later on Tuesday.
Persons: Dado Ruvic, Simon Harvey, Israel's shekel, They're, Chris Turner, Israel, Raphael Bostic, Christopher Waller, Neel Kashkari, Mary Daly, Harry Robertson, Tom Westbrook, Sam Holmes, Simon Cameron, Moore, Susan Fenton, Sharon Singleton Organizations: REUTERS, Hamas, Bloomberg, Columbus, Treasury, Kyodo, Bank of Japan, . Treasury, ING, Swiss, Thomson Locations: SINGAPORE, China, Israel, Palestinian, Gaza, London, Singapore
The bunker was located near the music festival that was attacked by Hamas on Saturday. AdvertisementAdvertisementCNN correspondent Nic Robertson choked up on air while recounting a harrowing experience visiting a bloodstained bunker in Israel amid the nation's ongoing war with Hamas. Fighters from Hamas massacred civilians attending the Tribe of Nova Music Festival on the same day. At least 260 bodies have been recovered from the music festival attack. These are human beings, they're family members, they're friends, they're loved ones, cousins, brothers, sisters," Kirby told Tapper while holding back tears.
Persons: Nic Robertson, Robertson, , CNN's Jake Tapper, Tapper, John Kirby, CNN's Tapper, they're, Kirby Organizations: Service, Hamas, Palestinian, Fighters, Nova Music, CNN, White, National Security, Gaza Ministry of Health Locations: Israel, Gaza
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