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The secret history of Japan’s best sweets
  + stars: | 2023-12-01 | by ( Lilit Marcus | )   time to read: +5 min
Many of Japan’s present-day favorite wagashi – sweets – have their origins on Kyushu. Castella (kasutera in Japanese) also makes an appearance in another popular Japanese sweet, dorayaki. Here, the castella cake is thinner and made into a pancake with a layer of sweet red bean paste inside. Europe meets Japan, Japan meets EuropeAnother European sweet that got the Japanese treatment is macarons. For him, it’s a way of honoring Japan’s small producers, in addition to introducing these flavors to the hotel’s guests.
Persons: Joyi Chang, It’s, , Michele Abbatemarco, there’s, Margaret, Emperor, , Miyamoto Shoko, it’s Organizations: CNN, Japan CNN Locations: Kyushu, Japan, Macao, Nagasaki, Portuguese, Japan’s, Portugal, Fukusaya, Fukuoka, Fukusaya’s, Hakata Station, Europe, Otemachi, Saga City, Tokyo, Spain, Netherlands, England
Dollar eases as traders weigh rate cut prospects
  + stars: | 2023-12-01 | by ( )   time to read: +3 min
Data on Thursday showed U.S. consumer spending rose moderately in October, while the annual increase in inflation was the smallest in more than 2-1/2 years. "It remains to be seen if getting from 3% to 2% will be easy, or if inflation will remain sticky in 2024." Federal Reserve policymakers signaled on Thursday that the U.S. central bank's interest rate hikes are likely over, but left the door open to further monetary policy tightening should progress on inflation stall. Investor focus will now move to comments from Fed Chair Jerome Powell later on Friday, with traders likely to scrutinize every word to sketch out rate outlook. The Australian dollar rose 0.20% to $0.662, while the New Zealand dollar rose 0.37% to $0.618.
Persons: Ryan Brandham, Jerome Powell, Powell, Carol Kong, Sterling, Toshiro Muto Organizations: Risk, Commonwealth Bank of Australia, Bank of Japan, New Zealand Locations: North America, U.S, Europe
Dollar drifts near three-month low, focus on inflation data
  + stars: | 2023-11-30 | by ( )   time to read: +3 min
The index is down 3.7% in November on growing expectations the Fed will cut interest rates in the first half of 2024. The dollar clawed back some of its losses on Wednesday after data showed the U.S. economy grew faster in the third quarter than initially reported. "Markets will continue to play to focus on what FOMC officials say about the prospect of the upcoming rate-hike cycle." Two of the best-performers are at the polar opposite ends of the "carry" spectrum — the New Zealand dollar and Japanese yen . On Thursday, yen strengthened 0.09% to 147.11 per dollar, remaining close to two and half month high of 146.675 per dollar it touched on Wednesday.
Persons: Carol Kong, Jerome Powell, Christopher Waller, Christopher Wong, Goldman Sachs, Sterling Organizations: Federal, Commonwealth Bank of Australia, New Zealand, Bank of Japan Locations: U.S
A New Zealand dollar coin sits atop a United States one dollar bill in this photo illustration taken on March 11, 2016. Consumer price growth in the 20 nations that share the euro currency dropped to 2.4% in November from 2.9% in October, well below expectations for a fall to 2.7%. The euro dropped as much as 0.5% against the dollar to $1.0910. The Japanese currency has firmed almost 3% against the dollar in November and is on course for its strongest month this year. Sterling was last at $1.2646, down 0.39% on the day, while the Australian dollar fell 0.1% to $0.6610.
Persons: David Gray, Matthew Landon, disinflation, Landon, ECB policymaker Fabio Panetta, Mohamad Al, Jerome Powell, Christopher Waller, Christopher Wong, Toyoaki Nakamura, Sterling, It's, Samuel Indyk, Ankur Banerjee, Vidya Ranganathan, Kim Coghill, Miral Fahmy, Susan Fenton Organizations: New Zealand, REUTERS, European Central Bank, Morgan Private Bank, ECB, ECB policymaker, Danske Bank, Bank of Japan, Thomson Locations: States, Europe, U.S, London, Singapore
The Australian dollar held near a four-month peak while the New Zealand dollar scaled a roughly four-month top of $0.61495 in early Asia trade. Australian inflation data is due later in the day, followed by a rate decision from the Reserve Bank of New Zealand (RBNZ). The dollar index was eyeing a nearly 4% loss for November, its worst monthly performance in a year. "We have become less constructive on the prospects for the U.S. dollar, as progress in reducing U.S. inflation suggests the risks are tilted toward earlier rather than later Fed easing," said economists at Wells Fargo in a note. Sterling last bought $1.27105, hovering near the previous session's roughly three-month high of $1.2715.
Persons: Christopher Waller, Kyle Rodda, Sterling,'s Rodda, Rae Wee, Lincoln Organizations: Federal Reserve, New Zealand, Reserve Bank of New Zealand, Fed, U.S ., Reserve Bank of Australia, Thomson Locations: SINGAPORE, Asia, Wells
Netherlands politician Wilders says minority cabinet an option
  + stars: | 2023-11-29 | by ( )   time to read: +2 min
REUTERS/Piroschka van de Wouw Acquire Licensing RightsAMSTERDAM, Nov 29 (Reuters) - Dutch politician Geert Wilders on Wednesday said that forming a minority government with himself as prime minister is one possibility, following last week's election in which his Freedom Party (PVV) won the most seats. The possibility of a minority cabinet arose shortly after the election when the conservative VVD Party of outgoing Prime Minister Mark Rutte -- which shares many of Wilders' anti-immigration positions -- said it would not join a Wilders-led Cabinet but did not exclude offering it outside support. Wilders, whose party took around 24% of the vote, will need to work with at least two more moderate parties to form a coalition. That is the "logical, right combination," Wilders said, adding that the most important thing was that the parties agreed to talks on how they might cooperate. The scout will meet with the NSC and VVD party leaders later on Wednesday.
Persons: Geert Wilders, de Wouw, Wilders, Mark Rutte, Pieter Omtzigt, Toby Sterling, Bernadette Baum Organizations: REUTERS, Rights, Party, VVD Party, VVD, Farmer, Citizen Movement, Thomson Locations: The Hague, Netherlands, Dutch
Morning Bid: Vale Charlie Munger
  + stars: | 2023-11-29 | by ( )   time to read: +2 min
Vice-Chairman of Berkshire Hathaway Corporation Charlie Munger speaks to Reuters during an interview in Omaha, Nebraska May 3, 2013. The union of Munger and Warren Buffett is among the most successful in the history of business, transforming Berkshire Hathaway into a multi-billion dollar conglomerate. Often handy with a one-liner Munger summed up his fame in 2010: "I think part of the popularity of Berkshire Hathaway is that we look like people who have found a trick," he said. Two-year Treasury yields fell to a four-month low just below 4.70%. Ten-year Treasury yields hit a two-month low of 4.28%.
Persons: Charlie Munger, Lane, Tom Westbrook, Warren Buffett, Berkshire Hathaway, Munger, Christopher Waller, Waller's, China's stockmarkets, Sam Holmes Organizations: Berkshire Hathaway, Reuters, REUTERS, Investors, Swiss, greenback, Spanish CPI, Thomson Locations: Omaha , Nebraska, Munger, Berkshire, Asia, New, Spanish
REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsAMSTERDAM, Nov 29 (Reuters) - Prosus NV (PRX.AS), a large technology investor, said on Wednesday its core headline earnings increased 118% in the first half of 2024, citing improved profitability in its stable of e-commerce investments. Core headline earnings for the half year ended on Sept. 30 were $2.0 billion, from $1.1 billion in the same period a year earlier, in line with a Nov. 20 trading statement. Core headlines earnings is a nonstandard measure the company says best reflects its group operating performance. It includes the massive stake Prosus owns in China's Tencent (0700.HK), which the company said has been sold down from 26.2% to 25% to fund a rolling share buyback program. Prosus says share buybacks benefit shareholders because the Tencent stake, now worth $98 billion, is worth about 30% more than Prosus itself.
Persons: Dado Ruvic, Prosus, Tencent, Toby Sterling, Jacqueline Wong Organizations: REUTERS, Rights, Prosus, HK, Thomson
The New Zealand dollar was last up 1.1% at a four-month high of $0.6207, having blown past resistance. The U.S. dollar, meanwhile, slid to fresh multi-month lows on the euro, yen, sterling, the Australian dollar, yuan and Swiss franc. Overnight Fed Governor Christopher Waller - an influential and previously hawkish voice at the U.S. central bank - told the American Enterprise Institute that rate cuts could begin in a matter of months, provided inflation keeps falling. Fed funds futures rallied on the remark to price more than hundred basis points of cuts in 2024 and 40% chance they begin as soon as March. Two-year Treasury yields fell sharply and along with the dollar fell further still in Asia.
Persons: Christopher Waller, Governor Waller's, Tapas Strickland, Jerome Powell, Waller, CONDITIONALITY Waller's, Seng, Vishnu Varathan, Simon Cameron, Moore Organizations: New Zealand, Nikkei, U.S ., Swiss, U.S, American Enterprise Institute, Governor, National Australia Bank, Fed, HK, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, Hong Kong, Sydney, China, Meituan, Zealand, Singapore
The dollar index , which measures its value against six major currencies, fell as far as 102.89, the lowest since Aug. 31. The index is on track for a loss of more than 3% in November, its worst performance since November 2022. The Conference Board said its consumer confidence index increased to 102.0 this month from a downwardly revised 99.1 in October. In other currencies, the euro rose to a 3-1/2-month peak of $1.0985 . The dollar fell 0.2% to 148.33 yen , with the Japanese currency continuing its recovery from the brink of 152 per dollar earlier in the month.
Persons: Dado Ruvic, Sterling, Karl Schamotta, underscoring, Gertrude Chavez, Dreyfuss, Alun John, Brigid Riley, Ed Osmond, Mark Potter, Kevin Liffey Organizations: REUTERS, U.S, Federal Reserve, Board, Federal Housing Finance Agency, Traders, Australian, New Zealand, Reserve Bank of New, Thomson Locations: Swiss, U.S, Toronto, OPEC, Reserve Bank of New Zealand, New York, London, Tokyo
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsTOKYO/LONDON, Nov 28 (Reuters) - The U.S. dollar hit a three-month low against a basket of peers on Tuesday before steadying, as traders continued to unwind long dollar positions before this week's U.S. and euro zone inflation data. The dollar index , a measure of the greenback against six major currencies, was last at 103.17, a whisker above the 103.07 it touched in Asia trade, the lowest since Aug. 31. The index is on track for a loss of more than 3% in November, its worst performance in a year. The Japanese yen was a touch firmer at 148.45 per dollar , continuing its recovery from the brink of 152 per dollar earlier in the month as the dollar weakened. The Swiss franc was at 0.8810 per dollar, steady on the day, also around its firmest since the start of September, and the Australian dollar briefly touched a near four-month high of $0.6632.
Persons: Dado Ruvic, Simon Harvey, Brigid Riley, Alun John, Ed Osmond, Mark Potter Organizations: REUTERS, Rights, U.S, greenback . U.S, Fed, Reuters, Swiss, Australian, Reserve Bank of New, Thomson Locations: LONDON, steadying, U.S, Asia, OPEC, Reserve Bank of New Zealand
US FDA flags new problem with Philips machines, shares fall
  + stars: | 2023-11-28 | by ( )   time to read: +2 min
[1/2] Dutch technology company Philips' logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. The new issue identified by the FDA involves a humidifier used in the "DreamStation 2" sleep therapy device. "Philips Respironics is in discussions with the (FDA) regarding the reports," it said. Philips shares were down 6.7% at 18.26 euros by 0833 GMT. The FDA said it had received reports of people facing thermal issues such as fire, smoke, burns, and other signs of overheating while using Philips' DreamStation 2 CPAP machines.
Persons: Eva Plevier, Philips, Toby Sterling, Christy Santhosh, Diana Alvarez, Shailesh Kuber, Jan Harvey Organizations: Philips, REUTERS, U.S . Food, Drug Administration, FDA, ING, Thomson Locations: Dutch, Amsterdam, Netherlands, U.S, Bengaluru, Gdansk
Sports Illustrated is the latest media company to see its reputation damaged by being less than forthcoming — if not outright dishonest — about who or what is writing its stories at the dawn of the artificial intelligence age. The once-powerful publication said it was firing a company that produced articles for its website written under the byline of authors who apparently don't exist. Earlier this year, experiments with AI went awry at both the Gannett newspaper chain and the CNET technology website. On Monday, the Futurism website reported that Sports Illustrated used stories for product reviews that had authors it could not identify. At the end of each such story is a note that explains technology's role in its production, a spokeswoman said.
Persons: , Tom Rosenstiel, ” Rosenstiel, , Jeff Jarvis, Drew Ortiz, “ Drew, AdVon, AdVon wasn't, LedeAI, Jarvis, Gannett, Connie Guglielmo, ” Guglielmo, Emma Heegar, ” Buzzfeed, ” ___ David Bauder Organizations: Gannett, CNET, University of Maryland, Arena, Time Inc, , AdVon Commerce, Sports Illustrated Union, Staff, Associated Press, NBA, Data Locations: Santa Barbara, Calif, Sportradar
[1/4] A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. In precious metals, gold hit a six-month high with a boost from the softer dollar and expectations for a pause in Fed tightening. There's a growing sense the economy is slowing, that price growth will likely continue to fall, that profit growth will likely fall," said Jack Ablin, chief investment officer at Cresset Capital, in Chicago. The U.S. dollar index slid against most major currencies on Monday and was on track for a monthly decline of more than 3%, which would be its biggest monthly drop in a year. The dollar index was down 0.203%, with the euro up 0.11% to $1.0951.
Persons: Brendan McDermid, Brent, Jack Ablin, Ablin, Christine Lagarde, Jim Barnes, Sterling, Sinéad Carew, Chuck Mikolazczak, Harry Robertson, Wayne Cole, Stephen Coates, Ed Osmond, Chizu Nomiyama, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Treasury, U.S, Federal Reserve, Cresset, Dow Jones, Nasdaq, European Central Bank, Central, Reuters Graphics Oil, Thomson Locations: New York City, U.S, Europe, OPEC, Chicago, Bryn Mawr, Berwyn , Pennsylvania, Israel, New York, London, Sydney
The pound was on track for a roughly 3.8% gain for the month, its largest monthly gain in a year. Elsewhere, the dollar fell 0.32% to 148.97 yen , while the euro gained 0.2% to $1.0952. The dollar index slipped 0.12% to 103.31 and was headed for a monthly loss of more than 3%, its worst performance in a year. In China, the yuan slipped after the official midpoint snapped five straight sessions of strengthening, with the onshore yuan last at 7.1550 per dollar. Reporting by Rae Wee; Editing by Gerry Doyle and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
Persons: Sterling, Carol Kong, Jane Foley, Rae Wee, Gerry Doyle, Christopher Cushing Organizations: Federal, Reserve Bank of New, PMI, Bank of England, Commonwealth Bank of Australia, Traders, Rabobank, ", Fed, New, Thomson Locations: SINGAPORE, OPEC, Australia, Reserve Bank of New Zealand, New Zealand, China, Beijing
In this photo illustration, a old British £1 note is pictured with a one Dollar bill note on November 05, 2023 in Bath, England. The Australian dollar likewise stood near a roughly three-month high and last bought $0.6578, ahead of domestic inflation data on Wednesday. The weakening greenback provided some respite for the Japanese yen , which sat on the stronger side of 150 per dollar and last stood at 149.52 per dollar. The New Zealand dollar eased 0.1% to $0.6076, but was likewise hovering near Friday's more than three-month high of $0.6096. "I think the issues in the Middle East have definitely become more of a background risk," said CBA's Kong.
Persons: Sterling, Carol Kong, Jane Foley, CBA's Organizations: Federal, Reserve Bank of New, PMI, Bank of England, Commonwealth Bank of Australia, U.S ., U.S, Rabobank, Fed, New Zealand, Israel Locations: Bath, England, OPEC, Australia, Reserve Bank of New Zealand, Friday's, U.S, East, Gaza
In setback, Wilders' first post-election appointee resigns
  + stars: | 2023-11-27 | by ( )   time to read: +3 min
The swift departure of Gom van Strien, appointed on Friday by Wilders, underlines the difficulties ahead for coalition talks as Wilders seeks to form a government with himself as prime minister. "Therefore I have informed Geert Wilders and the chairwoman of parliament I will lay down my work as scout immediately," he said in a statement. Wilders' PVV booked major gains in the Nov. 22 election. Van Strien had been due to meet with VVD leader Dilan Yesilgoz on Monday. Newspaper NRC Handelsblad first reported on Saturday that Van Strien was sued in March by a subsidiary of Utrecht University over alleged fraud.
Persons: Geert Wilders, Wilders, Van Strien, Gom van Strien, PVV, Mark Rutte, Dilan Yesilgoz, Pieter Omtzigt, Toby Sterling, Peter Graff, Bernadette Baum Organizations: REUTERS, Freedom Party, VVD Party, NSC Party, NRC, Utrecht University, Thomson Locations: The Hague, Netherlands, AMSTERDAM, Dutch, Wilders
Dutch politician Wilders vows 'I will be prime minister' on X
  + stars: | 2023-11-25 | by ( )   time to read: +2 min
Dutch far-right politician and leader of the PVV party, Geert Wilders gestures as he meets with members of his party at the Dutch Parliament, after the Dutch parliamentary elections, in The Hague, Netherlands November 23, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsAMSTERDAM, Nov 25 (Reuters) - Veteran Dutch anti-Islam politician Geert Wilders on Saturday vowed to be prime minister of the Netherlands eventually, following an election in which his party won the most seats. "Today, tomorrow or the day after, the PVV will be part of government and I will be prime minister of this beautiful country," Wilders wrote. Although Wilders' Freedom Party (PVV) finished well ahead of rivals in the Nov. 22 vote on an anti-immigration platform, his party is forecast to take only 25% of the seats in Dutch parliament. On Friday, the conservative VVD Party of caretaker Prime Minister Mark Rutte, which shares many of Wilders' views on immigration, said it would not participate in a cabinet with him.
Persons: Geert Wilders, Yves Herman, Wilders, Mark Rutte, Dilan Yesilgoz, Pieter Omtzigt, Toby Sterling, Christina Fincher Organizations: REUTERS, Rights, Veteran, Freedom Party, VVD Party, Party, Thomson Locations: The Hague, Netherlands, Veteran Dutch, Dutch
But Trent Alexander-Arnold drilled in an 80th-minute equaliser with his right foot to deny City a 24th successive home win in all competitions. The result left City on 29 points from 13 games with Liverpool one point behind and Arsenal later claimed a late 1-0 victory at Brentford thanks to Kai Havertz's header. Arsenal leapfrogged Liverpool and City into first place with 30 points. Haaland did what he does best, firing home after Alisson's poor clearance had found its way to Nathan Ake. Not only in the goal -- around the goal, in all situations he was a really important player and a really good game from him," Liverpool manager Juergen Klopp said.
Persons: Erling Haaland, Alisson, Andy Cole, Trent Alexander, Arnold, Kai Havertz's, Haaland, Nathan Ake, Alexander, Trent, Juergen Klopp, Aaron Ramsdale, Bryan Mbeumo, Declan Rice, Leandro Trossard, Havertz stooped, Mikel Arteta, Chelsea, Mauricio Pochettino, Alexander Isak, Raheem Sterling's, Jamaal Lascelles, Newcastle's, Thiago Silva, Reece James, Anthony Gordon, Pochettino, Joao Pedro, Lewis Dunk, Jacob Brown, Martyn Herman, Toby Davis Organizations: Premier League, Brentford Newcastle, Chelsea, Manchester City, Liverpool, City, Arsenal, Brentford, Newcastle United, Brighton, Hove Albion, Nottingham Forest, Sunday, Newcastle, Luton Town, Burnley, West Ham United, Bournemouth, Sheffield United, Thomson Locations: Liverpool, Newcastle, Forest, Crystal
Classy Newcastle thrash Chelsea 4-1 as James sees red
  + stars: | 2023-11-25 | by ( )   time to read: +2 min
NEWCASTLE, England, Nov 25 (Reuters) - Newcastle United striker Alexander Isak netted on his return from injury, while two quick-fire second-half goals and a late Anthony Gordon strike gave the Magpies a 4-1 Premier League win over 10-man Chelsea at St James' Park on Saturday. Chelsea drew level 10 minutes later as Raheem Sterling was brought down on the edge of the box, and the winger stepped up to drill the resulting free kick past the flat-footed Nick Pope. Newcastle almost went in ahead at the break as a free kick from fullback Kieran Trippier hit the crossbar, but there was little indication of the collapse to come from Chelsea in the second half. Chelsea boss Mauricio Pochettino, slammed his side after a result that leaves them 10th on 16 points, saying it was their worst game of the season. Reporting by Philip O'Connor, editing by Pritha Sarkar and Toby DavisOur Standards: The Thomson Reuters Trust Principles.
Persons: Alexander Isak, Anthony Gordon, Chelsea, Isak, Lewis Miley, Raheem Sterling, Nick Pope, Kieran Trippier, Gordon, Jamaal Lascelles, Robert Sanchez, Joelinton, Thiago Silva, Reece James, Eddie Howe, Howe, Mauricio Pochettino, Pochettino, Philip O'Connor, Pritha Sarkar, Toby Davis Organizations: Newcastle United, Magpies, Premier League, St James, Chelsea, Newcastle, Thomson Locations: NEWCASTLE, England, Chelsea, Newcastle
Dollar slips on bets US rates have peaked
  + stars: | 2023-11-24 | by ( Saqib Iqbal Ahmed | )   time to read: +4 min
A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018. Currencies traded in a relatively narrow range with U.S. markets closing early the day after the U.S. Thanksgiving holiday. "I think what we're seeing is a classic case of the market taking the 'path of least resistance.'" The dollar index , which measures the U.S. currency with six peers, eased 0.4 % to 103.35 , staying close to the 2-1/2 month low of 103.17 touched earlier this week. German business morale improved for a third straight month in November, data showed.
Persons: Marcos Brindicci, Michael Brown, Jane Foley, Sterling, Saqib Iqbal Ahmed, Ankur Banerjee, Joice Alves, David Evans, Jason Neely, Richard Chang Organizations: REUTERS, U.S, Trader, P Global, Rabobank, Federal, ING, Thomson Locations: Buenos Aires, Argentina, London, Germany, Singapore
Oil futures traded steady ahead of next week's OPEC+ meeting, which could bring some kind of agreement on output cuts in 2024. Gold futures finished higher as the dollar index slipped against a basket of currencies on Friday. Germany's 10-year government bond yield , the benchmark for the euro area, rose 3 basis points to a 1-1/2-week high. Oil prices were steady after tumbling more than 1% on concerns over a delayed OPEC+ meeting. ($1 = 7.2111 Chinese yuan renminbi)Reporting by Chris Prentice in New York, Naomi Rovnick in London and Stella Qiu in Sydney.
Persons: Caitlin Ochs, Germany's DAX, Peter Doherty, Arbuthnot Latham, Robert Holzmann, Pierre Wunsch, Chris Prentice, Naomi Rovnick, Stella Qiu, Toby Chopra, Susan Fenton, Mark Potter, Deepa Babington Organizations: New York Stock Exchange, REUTERS, U.S, Dow Jones, Nasdaq, Hamas, P Global, European Central Bank, ECB, Bank of England, Japan's Nikkei, China's CSI, Brent, Thomson Locations: New York City, U.S, OPEC, Germany, Israel, London, Belgian, Asia, New York, Sydney
Dollar eases on bets US rates have peaked
  + stars: | 2023-11-24 | by ( Saqib Iqbal Ahmed | )   time to read: +4 min
A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018. "I think what we're seeing is a classic case of the market taking the 'path of least resistance'," Brown said. The dollar index , which measures the U.S. currency with six peers, eased 0.3% to 103.43, staying close to the two-and-a-half month low of 103.17 it touched earlier this week. Elsewhere, the Japanese yen was about flat against the dollar at 149.53, after strengthening following data that showed Japan's core consumer price growth picked up slightly in October. Separate data showed German business morale improved for a third straight month in November.
Persons: Marcos Brindicci, Michael Brown, Brown, X's Brown, Sterling, Saqib Iqbal Ahmed, Ankur Banerjee, Joice Alves, David Evans, Jason Neely Organizations: REUTERS, U.S, Trader, P Global, Federal, ING, Thomson Locations: Buenos Aires, Argentina, London, U.S, Germany, Singapore
Photographers take photos near a large screen showing stock prices at the Tokyo Stock Exchange (TSE) after market opens in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsLONDON/SYDNEY, Nov 24 (Reuters) - Global shares drifted on Friday in the absence of guidance from Wall Street, which was closed for the Thanksgiving holiday the previous day, but they were still on course for their best month since November 2020. An indecisive Asia session extended to Europe, with the Stoxx 600 share index (.STOXX) trading flat. Despite optimism having surged across global markets this month, there may also be a lull ahead as investors position their portfolios for 2024, some analysts said. Minutes from the latest Fed policy meeting signalled there would not be more hikes unless progress against taming inflation faltered.
Persons: Kim Kyung, Peter Doherty, Arbuthnot Latham, Shane Oliver, Naomi Rovnick, Stella Qiu, Sam Holmes, Robert Birsel, Toby Chopra, Susan Fenton Organizations: Tokyo Stock Exchange, REUTERS, Global, Wall, Nasdaq, Hamas, AMP, European Central Bank, ECB, Bank of England, Japan's Nikkei, China's CSI, Brent, Thomson Locations: Tokyo, Japan, SYDNEY, Asia, Europe, Israel, U.S, London, OPEC
With U.S. markets closed on Thursday for the Thanksgiving holiday and due for a shorter Black Friday trading session, currencies are trading narrowly as liquidity is expected to remain thin. The bank will "then begin its first rate hike in Q2 2024 if wage growth continues to accelerate next year". The nationwide core consumer price index (CPI), which excludes volatile fresh food costs, rose 2.9% year-on-year in October, government data showed on Friday, against 3.0% expected by economists in a Reuters poll. Separate data showed German business morale improved for a third straight month in November. Sterling rose for a second consecutive day, up 0.2% to $1.2559, after data showed on Thursday that British companies returned to growth in November, fuelling hopes Britain will avoid a recession.
Persons: Marcos Brindicci, Jefferies, Mohit Kumar, Sterling, Ankur Banerjee, Joice Alves, Jan Harvey, David Evans Organizations: REUTERS, Bank of Japan, U.S, Federal, Fed, European Central Bank, Bank of England, ING, Thomson Locations: Buenos Aires, Argentina, SINGAPORE, Germany, Singapore, London
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