DIRS.INFO The most relevant business & tech news

Despite relief measures, energy prices in February were 19.1% higher on the year, while food prices were 21.8% higher, it said. The first one was driven by energy prices and the second one by material inputs, which are not ebbing. While energy prices were keeping headline inflation high, wage growth will show its impact in core inflation, which will remain stubbornly high, Brzeski said. "Hence, a stepdown to a 25bp pace of hikes could be delayed, which would also push the terminal rate higher." "The interest rate step announced for March will not be the last," Nagel said in a speech.

☆ CNBC Daily Open: Markets fall as the Fed shows no sign of pivoting away from interest rate hikes
▼ + stars: | 2023-02-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hence, interest rates need to continue rising. Despite Fed hawkishness, signs point to a no-landing scenario, which should give investors some comfort. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Markets fall as the Fed shows no sign of pausing interest rate hikes
▼ + stars: | 2023-02-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

☆ Dollar plunges as Fed says disinflation now in play
▼ + stars: | 2023-02-02 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

The dollar dived following Powell's remarks, and against a basket of currencies, the U.S. dollar index fell to a fresh nine-month low of 100.80. Against the Japanese yen , the dollar fell 0.55% to 128.21. With the Fed out of the way, the stage is set for the European Central Bank (ECB) and the Bank of England (BoE) to announce their rate decisions later on Thursday, where expectations are for a 50bp hike from each. "I don't think that's going to influence the messaging from the ECB, which I think is still going to be that (they've) got a lot to do," Attrill said. Markets are now expecting the Fed funds rate to peak just under 4.9% by June, compared with earlier expectations of a peak of just below 5%.

☆ Morning bid: Markets go all in for disinflation
▼ + stars: | 2023-02-02 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

SYDNEY, Feb 2 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. The very first question in the new conference invited him to scold markets, and he notes conditions had tightened a lot last year. A pdf search of the conference shows disinflation or disinflationary was used 13 times, compared to twice at his December event. Key developments that could influence markets on Thursday:- BoE rate decision is at 1200 GMT and the ECB at 1315 GMT. BoE Gov Bailey speaks to reporters at 1230 GMT and ECB President Lagarde at 1345 GMT.

☆ Major central banks set to signal interest rate glide path in crucial week for monetary policy
▼ + stars: | 2023-02-01 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

A screen displays the Fed rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | ReutersThe U.S. Federal Reserve, European Central Bank and Bank of England are all expected to hike interest rates once again this week, as they make their first policy announcements of 2023. Economists will be watching policymakers' rhetoric closely for clues on the path of future rate hikes this year, as the three major central banks try to engineer a soft landing for their respective economies without allowing inflation to regain momentum. The market is now pricing in this eventuality, but the key question is what the FOMC will indicate about further rate hikes in 2023. "Fewer hikes might be needed if the recent weakening in business confidence captured by the survey data depresses hiring and investment more than we think, substituting for additional rate hikes," Mericle said.

☆ Dollar cautiously firm ahead of busy central bank week
▼ + stars: | 2023-01-30 | by ( Rae Wee | ) www.reuters.com time to read: +2 min

SINGAPORE, Jan 30 (Reuters) - The dollar firmed on Monday and distanced itself from an eight-month trough ahead of a slew of central bank meetings this week, including the Federal Reserve's, with traders keenly focused on guidance for the path of interest rate rises. The U.S. dollar index , which measures the greenback against a basket of currencies, rose 0.03% to 101.92, edging away from last week's eight-month low of 101.50. Moves were subdued ahead of policy meetings from the Fed, the European Central Bank (ECB) and the Bank of England (BoE) later this week. "We will range trade a little bit as the market tries to assess how the central banks behave .... Elsewhere, the Aussie rose 0.11% to $0.71175, while the Japanese yen slipped marginally to 129.94 per dollar.

☆ Asia shares brace for rate hikes, earnings rush
▼ + stars: | 2023-01-30 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Asia has been no slouch either as China's swift reopening bolsters the economic outlook, with MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) up 11% in January at a nine-month high. "We also look for him to continue to push back against market pricing of rate cuts later this year." "Based on our recent Asia supply chain checks we believe iPhone 14 Pro demand is holding up firmer than expected," they added. Market pricing of early Fed easing has been a burden for the dollar, which has lost 1.5% so far this month against a basket of major currencies. read moreEarly Monday, Brent was up 79 cents at $87.45 a barrel, while U.S. crude rose 66 cents to $80.34.

☆ Buy Lululemon, a 'rare name with momentum', Wells Fargo says in upgrade
▼ + stars: | 2023-01-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

It's time for investors to buy shares of Lululemon Athletica , according to Wells Fargo. Analyst Ike Boruchow upgraded the athletics apparel and accessories stock to overweight, calling the it a defensive and "rare name with momentum" poised to outperform on the top line this year. Shares of Lululemon gained about 2% before the bell Friday. He also cited easing freight pressures and better margin visibility as another catalyst for Lululemon going forward. "With LULU not a markdown-driven model, we see more visibility than most on the margin front looking to next year."

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Imax, Netflix, Robinhood, Amazon & more
▼ + stars: | 2022-12-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Evercore ISI initiates American Express Global Business Travel Group as outperform Evercore initiated the corporate travel business company with an outperform rating and said it's a beneficiary of corporate travel recovery. AmEx GBT is the leading business to business travel management platform, providing software and services to manage travel, expenses, and events for corporate travel." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it sees a "buying opportunity" for shares of Tesla. Piper Sandler reiterates Tesla as overweight Piper said Tesla could become a key ESG holding. Morgan Stanley reiterates Wells Fargo as overweight Morgan Stanley said the banking giant is a top beneficiary of rate increases. "

☆ VIEW Bank of England raises rates to 3.5%, says inflation has peaked
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +7 min

LONDON, Dec 15 (Reuters) - The Bank of England on Thursday raised interest rates by a widely expected 50 basis points (bps) to 3.50%, in its ninth straight increase - and its eighth this year. UK rates began rising in December 2021, making the BoE the first of the world's major central banks to kick off a monetary policy-tightening cycle. MONEY MARKETS: Interest rate swaps showed investors expected rates to peak at 4.46% by next August, compared with an anticipated terminal rate of 4.53% just before the decision. Their own numbers have been pointing to a recession for a little while, and they've still materially hiked interest rates. EDWARD HUTCHINGS, HEAD OF RATES, AVIVA INVESTORS, LONDON:"The Bank of England duly delivered on financial markets expectations of a 0.50% hike.

☆ Morning Bid: Still a ways to go?
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +5 min

For markets navigating the barrage of major central bank interest rate rises this week - there's a ways to go, much as Fed chief Jerome Powell insists about the tightening cycle. Central banks in the Philippines, Norway and Taiwan also raised rates by 50bp, 25bp and 12.5bp respectively. But the policy message all around is that more pain is coming unless there's further evidence of sky-high inflation rates returning to 2% targets. Peak Fed rates implied in futures markets on Thursday remain 20bp below that official Fed projection and year-end market pricing is some 70bp below it. The economy there lost more steam in November as factory output slowed and retail sales extended declines, both missing forecasts and clocking their worst readings in six months.

☆ Here's everything the Federal Reserve is expected to do Wednesday
▼ + stars: | 2022-12-14 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

U.S. Federal Reserve Board Chairman Jerome Powell holds a news conference after Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, September 21, 2022. Kevin Lamarque | ReutersCall it a sign of the times where a half percentage point interest rate increase from the Federal Reserve is considered looser monetary policy. In 2022, they've done it five times — four times for three-quarters of a point and once for a half percentage point — with Wednesday's widely anticipated 0.5 percentage point move to be the sixth. Wednesday's meeting of the rate-setting Federal Open Market Committee will bring an assortment of moves to chew on. The 'dot plot' and the 'terminal rate'That "terminal rate" of which Masotti spoke references the expected end point for the Fed and its current rate-hiking cycle.

☆ Colombia's central bank set for December rate hike, under pressure for more
▼ + stars: | 2022-12-12 | by ( Nelson Bocanegra | ) www.reuters.com time to read: +2 min

BOGOTA, Dec 12 (Reuters) - Colombia's central bank is set to raise its key interest rate this week at its final meeting of the year and will be under pressure for another hike starting in 2023 as inflation expectations keep rising and economic growth remains at potential, a Reuters poll showed on Monday. In the poll, 13 out of 14 analysts said the central bank would raise benchmark interest rates by 100 basis points to 12% this month, while one projected a rise of half a percentage point to 11.5%. Both the central bank and analysts believe that inflation will return to its long-term target of 3% only by the end of 2024. "Our prevailing forecast is for BanRep to deliver a final 50bp hike in the January meeting". According to the poll's median, the benchmark interest rate is expected to stand at 9.75% at the end of next year and to decline further to 6.25% by the end of 2024.

☆ Asian shares slump, dollar firms ahead of central bank rate hikes
▼ + stars: | 2022-12-12 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

Both the S&P 500 futures and Nasdaq futures dipped 0.1%. On Friday, Wall Street dropped, Treasury yields advanced and the dollar pared earlier losses. A U.S. consumer price index (CPI) report on Tuesday will set the tone for markets for the week. Economists expect core annual inflation to ease to 6.1% in November, compared with a rise of 6.3% seen in the previous month. Risk could be on the upside, after data on Friday showed producer prices had increased faster than expected, fuelling concerns the CPI report may indicate inflation is sticky and interest rates may have to stay higher for longer.

☆ Asian shares fall, dollar firms ahead of central bank rate hikes
▼ + stars: | 2022-12-12 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

On Friday, Wall Street dropped, Treasury yields advanced and the dollar pared earlier losses. A U.S. consumer price index (CPI) report on Tuesday will set the tone for markets for the week. In addition to the Fed, the European Central Bank and the Bank of England are also set to announce interest rate hikes, as policymakers continue to put the brakes on growth to curb inflation. In the oil market, prices rose after falling on Friday to the lowest level this year on global recession fears. U.S. West Texas Intermediate (WTI) crude futures increased 0.9% to $71.71 per barrel, while Brent crude settled at $76.64 a barrel, 0.7% higher.

☆ Asian shares dip, dollar firms ahead of central bank rate hikes
▼ + stars: | 2022-12-12 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

The U.S. consumer inflation report on Tuesday will set the tone for markets for the week. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased 0.1% on Monday, after rising 1.3% last week. In addition to the Fed, the European Central Bank and the Bank of England are also set to announce interest rate hikes, as policymakers continue to put the brakes on growth to curb inflation. Treasury yields held largely steady on Monday after rallying from the lowest levels in three months during the previous session. (This story has been corrected to fix the weekly change for MSCI's Asia index in paragraph 5)Editing by Lincoln Feast.

☆ Dollar tries to find footing as recession worries simmer
▼ + stars: | 2022-12-08 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

With Japan's own long-term yields pegged near zero by the central bank, the yen slid as long-term U.S. Treasury yields clambored off three-month lows. Meanwhile, the yuan hovered close to an almost three-month high after China revealed a loosening of stifling COVID restrictions. Fed policy makers will have the benefit of seeing the latest consumer inflation data a day before the decision. "The FOMC may step down the pace of its rate hikes to 50bp next week, but unless inflation decelerates consistently, upside risks to FOMC policy remain." Long-term Treasury yields plunged to an almost three-month low of 3.402% overnight, but bounced back to around 3.46% in Tokyo.

☆ Morning Bid: So what's up with Treasuries?
▼ + stars: | 2022-12-08 | by ( Wayne Cole | ) www.reuters.com time to read: +2 min

SYDNEY, Dec 8 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. Because it is not often 10-year yields suddenly drop 11 basis points, break a chart big barrier and hit three-month lows for no discernible reason. Maybe the sudden groundswell of recession fears has central bankers spooked. Treasuries are not innocent bystanders here, since the more inverted the curve becomes the more those fears seem justified. So long-term yields are tumbling because of recession fears caused by that very tumble?

☆ Dollar struggles as recession worries simmer
▼ + stars: | 2022-12-08 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

TOKYO, Dec 8 (Reuters) - The U.S. dollar remained weak on Thursday after sliding against major peers overnight for the first time this week as investors fretted about the potential for recession in the United States. The yuan hovered near an almost three-month high after China revealed a loosening of stifling COVID restrictions. Fed policy makers will have the benefit of seeing the latest consumer inflation data a day before the decision. "The FOMC may step down the pace of its rate hikes to 50bp next week, but unless inflation decelerates consistently, upside risks to FOMC policy remain." Long-term Treasury yields plunged to an almost three-month low overnight, and remained depressed in Tokyo trading at around 3.45%.

The S&P 500 is down 14.4% year-to-date. U.S. consumer prices rose less than expected in October, supporting the view that inflation was ebbing. Further ahead, some of Wall Street’s biggest banks are now forecasting that the Fed's monetary policy tightening will bring on a recession next year. In options markets, traders appear more preoccupied with not missing out on more gains in stocks than guarding against future declines. The one-month moving average of daily trading in bearish put contracts against bullish calls on the S&P 500 index-tracking SPDR S&P 500 ETF Trust's options is at its lowest since January 2022, according to Trade Alert data.

☆ BoC to keep up pace with 50 basis point December rate hike -economists
▼ + stars: | 2022-12-01 | by ( Indradip Ghosh | ) www.reuters.com time to read: +4 min

Fourteen said the BoC would dial down its pace to 25 basis points. Of the large Canadian banks, Scotiabank, CIBC and National Bank expected a 50 basis point move with no further hikes afterward. RBC forecasts a 25 basis point hike and then a pause, while BMO expects 50 and then another 25 in early 2023. The Fed, by contrast, is expected to raise its federal funds rate to a minimum of 4.75%-5.00% early next year, with the risks around forecasts skewed toward a higher rate. "The latest BoC research on household vulnerability and flexible mortgage rates support the idea that the BoC terminal rate will end at least 50 basis points below the U.S. Federal Reserve," said Sebastien Lavoie, economist at Laurentian Bank.

☆ Dollar gains as traders gird for higher U.S. rates
▼ + stars: | 2022-11-03 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

The dollar initially fell on hints in the Fed's statement of smaller hikes ahead, but it was bid after Powell's hawkish stance about the trajectory rates. The Australian dollar fell 0.7% overnight and slipped further to a week-low of $0.6332 on Thursday. "This shall further embolden expectations of policy divergence with a much hawkish Fed relative to other central banks around the world. Japan's yen was notably firm in the face of dollar gains, and has held at 147.90 per dollar, prompting speculation of possible help from official intervention. China's yuan was hovering near record lows in offshore trade at 7.3408 per dollar, and other Asian currencies were under pressure.

☆ The two words investors want to hear from Wednesday's Federal Reserve meeting
▼ + stars: | 2022-11-02 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

As markets look for signs that the Federal Reserve is stepping away from its breakneck pace of interest rate hikes, two words from this week's meeting could be crucial. No one is expecting the Fed to stop rate hikes, at least for several months. "The November FOMC meeting is not about the November policy rate decision. Instead, the meeting is about future policy rate guidance and what to expect in December and beyond." Even with the step-down hopes from Wednesday's meeting, market expectations are still for a fairly aggressive Fed.

☆ Here's how the Fed's rate hike can move markets and whether to expect a central bank pivot
▼ + stars: | 2022-11-02 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

That bank thinks the Fed is going to skirt any talk of a pivot, and opt for continued rate hikes albeit at a slower pace. Goldman Sachs listed three reasons the Fed will carry on with rate hikes:US inflation will remain "sticky" so a pivot won't be justified. Keeping rate hikes going until March 2023 will set up the central bank for a future pivot. US stock futures rise early Wednesday, as eyes turn toward the Fed's rate hike decision later today. Here's what you want to know about the 1920 rule that's still moving markets more than a century later.

Search resuls for: "50bp"

25 mentions found