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☆ Dollar rebounds as Fed officials say hikes to continue; yen slumps
▼ + stars: | 2022-11-15 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

The dollar index , which measures the currency against six counterparts including the yen, euro and sterling, edged 0.03% higher to 107.00 early in the Asian day. The index held onto gains made on Monday when it rebounded from a three-month low of 106.27 hit on Friday. The dollar gained 0.34% to 140.40 yen , adding to its 0.84% overnight rebound from a 2 1/2-month low of 138.46. The euro was little changed at $1.03215 following its retreat from a three-month high of $1.0364. The offshore Chinese yuan was little changed at 7.0461 per dollar, after hitting a more than five-week high of 7.0200 in the previous session.

☆ Big Czech crown interventions less likely, central banker says
▼ + stars: | 2022-11-13 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

Czech Crown coins and notes are seen in this picture illustration taken April 1, 2017. In July, the Czech National Bank (CNB) used 10 billion euros ($10.35 billion) of its massive international reserves to support the crown. Intervention amounts eased to 2.6 billion euros in September, according to bank data. Interventions have kept the crown in a tight range and on the strong side of 24.78 since they started. The CNB’s reserves dropped to 131.6 billion euros at the end of October, or about 48% of expected 2022 gross domestic product, from 160.4 billion euros seen in April.

REUTERS/Dado Ruvic/IllustrationWASHINGTON/LONDON, Nov 8 (Reuters) - The dollar slid on Tuesday as rising German bond yields strengthened the euro, but a strong reading of the consumer price index later this week could reverse the currency's slide. A steady climb in German bond yields weakened the dollar on expectations of further European Central Bank tightening, which cut the spread with Treasury yields, said Marc Chandler, chief market speculation at Bannockburn Global Forex. "What I'm focusing on today is a huge move in two-year German bunds. "Once we've fully priced in peak Fed tightening, then you'll see a major reversal. The euro rose 0.48% to $ 1.0067 , while the Japanese yen strengthened 0.72% against the dollar at 145.57 .

Meta Platforms Inc (META.O) jumped over 6% following a report that the company was planning to begin large-scale layoffs this week. REUTERS/Brendan McDermid 1 2Unofficially, the S&P 500 climbed 0.96% to end the session at 3,806.90 points. S&P 500 by market capOf the 11 S&P 500 sector indexes, eight rose, led by communication services (.SPLRCL) which was up 1.83%, followed by a 1.73% gain in energy (.SPNY). Advancing issues outnumbered falling ones within the S&P 500 (.AD.SPX) by a 2.8-to-one ratio. The S&P 500 posted 18 new highs and 15 new lows; the Nasdaq recorded 93 new highs and 221 new lows.

☆ Euro, sterling bounce, dollar drops as investors cash in
▼ + stars: | 2022-11-07 | by ( Hannah Lang | ) www.reuters.com time to read: +3 min

[1/3] Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. REUTERS/Jason Lee/IllustrationWASHINGTON, Nov 7 (Reuters) - Euro and sterling rose against the safe-haven dollar on Monday, supported by a risk-on sentiment across markets as investors digested positive euro zone data and looked to cash in on the strength of the U.S. currency. The euro was up 0.69% to $1.0029, its highest level since Oct. 27, while sterling was last trading at $1.1534, up 1.40% on the day. Investors were also cheered by a readout on Monday showing that German industrial production grew in September, beating analyst expectations. Against a basket of currencies, the dollar index fell 0.91% to 110.070.

☆ U.S. stocks dip, dollar up as China sticks to pandemic policy
▼ + stars: | 2022-11-06 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

"With China going into winter, most analysts think a change in zero-COVID is unlikely until at least March." It also sent the yuan surging and triggered a round of profit taking on long U.S. dollar positions, particularly against commodity sensitive currencies such as the Australian dollar. The U.S. dollar index bounced 0.4% having dived almost 2% at the end of last week. Median forecasts are for annual CPI inflation to slow to 8.0% and for the core to dip a tick to 6.5%. Oil futures lost some of their gains with Brent off $1.79 at $96.78, while U.S. crude dropped $1.71 to $90.90 per barrel.

☆ Home prices in these 8 markets are falling the fastest as the US housing market slows down at the quickest pace ever
▼ + stars: | 2022-10-27 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

It's official: home prices in the US are in a downward trend on a national level. This is killing buyers' ability to afford higher prices. Housing affordability — when taking into account home prices, mortgage rates, and incomes — is now at one of its lowest levels in decades, according to data from the National Association of Realtors. Scott Buchta, the head of fixed income strategy at Brean Capital, also said in a memo on Wednesday that home price declines would continue, eventually falling on a year-over-year basis. Many see a so-called "Fed pivot" back to dovish policy as necessary for mortgage rates to fall.

Oct 24 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeeverChinese politics, Japanese policy. This was offered up for public consumption on Saturday when former President Hu Jintao was unexpectedly escorted out of the Party Congress's closing ceremony. Xi's cabinet reshuffle may also see central bank chief Yi Gang stepping down and being replaced by former deputy governor Yin Yong, according to sources. Meanwhile, Japan intervened in the FX market on Friday after the yen slumped to a new 32-year low close to 152.00 per dollar. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Czech central bank vice governor: More rate hikes needed
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +2 min

Mora has voted in favour of raising rates throughout the central bank's year-long tightening cycle, which increased the main rate by 675 basis points in total and ended in June. Register now for FREE unlimited access to Reuters.com RegisterMora said that inflation should return to the central bank's 2% target fast. Mora said the central bank should hike rates by at least 50 basis points at its next meeting on Nov. 3. Michl took the helm of the central bank in July. Mora said that he would not seek another term at the central bank board after his current one expires on Feb. 13, 2023.

British Prime Minister Liz Truss announces her resignation, as her husband Hugh O'Leary stands nearby, outside Number 10 Downing Street, London, Britain October 20, 2022. REUTERS/Henry NichollsOct 21 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeeverFarewell risk-on rally, we barely knew you. But it couldn't defy gravity - or more specifically, soaring U.S. bond yields and rate expectations - for long. If Japanese inflation figures on Friday come in hotter than expected, it will only intensify. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

read moreCore CPI, which excludes volatile food and fuel prices, gained 6.6% last month, compared with the estimates of a 6.5% rise. FEDWATCHCyclical parts of the market, including the S&P 500 financials (.SPSY), energy (.SPNY) and materials (.SPLRCM) sector indexes, rose between 2% and 3%. Big Wall Street banks will kick-off third-quarter reporting season on Friday, with investors awaiting to see how a high interest-rate environment would affect their profit. Analysts expect profit for S&P 500 companies to have risen just 4.1% from a year ago, much lower than an 11.1% increase expected at the start of July, according to Refinitiv data. read moreAdvancing issues outnumbered decliners by a 1.38-to-1 ratio on the NYSE and by a 1.35-to-1 ratio on the Nasdaq.

☆ Morning Bid: Xi bangs the drums
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +3 min

Asian markets will open with a spring in their step on Friday after the huge 'risk-on' rally Thursday. They will be on FX intervention alert too, after the dollar's spike to a 32-year high of 147.67 yen. The bullish whoosh across markets on Thursday pulled the dollar back a bit, but it remains above 147.00. A G7 statement late on Thursday reaffirming policymakers' commitment that excessive FX moves are undesirable seems to have barely registered among FX traders. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Morning Bid: The final countdown
▼ + stars: | 2022-10-12 | by ( Nidal Al-Mughrabi | Ahmed Mohamed Hassan | ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterFor some, it will be new territory. For all of them, being forced to spend billions of dollars of FX reserves is uncomfortable territory. A strong U.S. inflation print will likely push it even higher, intensifying the battle-ready resolve of central banks around the world. Cross-currency basis swaps, essentially a measure of dollar shortage and overall stress in the market, are at alarming levels. U.S. Treasury Secretary Janet Yellen said on Tuesday she sees no signs of stress or undue volatility in financial markets.

Amazon's second Prime Day started yesterday and ends today, October 12, but there are still plenty of great deals to snag, including on beauty products. You can find more live coverage of the best deals from Amazon's October Prime Day sale here. Great Price Laneige Lip Sleeping Mask A long-time favorite here at insider, this sleeping mask keeps your lips hydrated and plumped after a night's rest. Deal Laneige Lip Glowy Balm Compact in size, the Laneige Lip Glowy Balm is great to bring on the go. Right now, it's 30% off as part of Amazon's October Prime Day sale.

☆ India inflation likely hit five month high in Sept on food prices: Reuters poll
▼ + stars: | 2022-10-11 | by ( Arsh Tushar Mogre | ) www.reuters.com time to read: +2 min

The Oct. 3-7 Reuters poll of 47 economists suggested inflation - as measured by the Consumer Price Index (INCPIY=ECI) - rose to an annual 7.30% in September from 7.00% the previous month. Some 91% of economists, 43 of 47, expected inflation to be 7.00% or higher, suggesting the bias was for prices to go up further. "There is a strong pressure from food that is playing out," said Dharmakirti Joshi, chief economist at Crisil. The Indian government has introduced measures to calm local prices, including some export restrictions on rice to temper inflation. But consumer prices have remained defiant and stayed above the RBI's upper tolerance limit this year.

☆ Rouble hits over 2-month high vs dollar, Russian stocks stutter
▼ + stars: | 2022-09-29 | by ( Alexander Marrow | ) www.reuters.com time to read: +4 min

By 1217 GMT, the rouble was 0.9% stronger against the dollar at 57.00 , earlier hitting 56.5450, its strongest point since July 22. "For now, the rouble is supported by fears that new sanctions from the West could paralyse dollar trading in Russia," said Alor Broker in a note. STOCKS RECOVERY STUTTERSBCS Global Markets said geopolitical risks should prohibit any major leg up for Russian stock indexes, which pared early gains. The rouble-based MOEX Russian index (.IMOEX) was 1.4% lower at 1,936.0 points, heading back towards February lows hit on Monday. "In the coming days, the Russian market should trade in a narrow band - investors are likely to sit on the fence hoping for more clarity," BCS said.

With Tuesday's drop, the S&P 500 is down 24% from its record high close on Jan. 23. Microsoft and Google-parent Alphabet (GOOGL.O)each lost just over 1% and weighed heavily on the S&P 500. In afternoon trading, the Dow Jones Industrial Average (.DJI) was down 0.74% at 29,045.38 points, while the S&P 500 (.SPX) lost 0.57% to 3,634.13. Analysts have cut their S&P 500 earnings expectations for the third and fourth quarters, as well as for the full year. For the third quarter, analysts now see S&P 500 earnings per share rising 4.6% year-over-year, compared with 11.1% growth expected at the start of July.

☆ Analysis: Central Europe's policymakers try to call time on rate hikes
▼ + stars: | 2022-09-27 | by ( Jason Hovet | ) www.reuters.com time to read: +5 min

Czech Crown coins are seen in front of a displayed logo of Czech central bank (CNB) in this picture illustration taken April 1, 2017. Whether it can do so will depend much on wage pressures subsiding and how much a weakening market mood will hurt its currencies. "In Hungary, I think there is still road ahead (for rate hikes)," Juraj Kotian, an economist with Erste Group Bank, said. read moreAnalysts, though, see further rate hikes even after Tuesday. In August, the inflation rate slowed to 17.2% - the first sign of a price peak in central Europe.

ROME, Sept 25 (Reuters) - Millions of Italians will vote on Sunday in an election that is forecast to return the country's most right-wing government since World War Two and usher in its first woman prime minister. Italy's first autumn national election in more than a century was triggered by party infighting that brought down Prime Minister Mario Draghi's broad national unity government in July. A right-wing alliance led by Giorgia Meloni's Brothers of Italy party appeared on course for a clear victory when the last opinion polls were published two weeks ago. That would cap a remarkable rise for Meloni, a 45-year-old from Rome whose party won only 4% of the vote in the last national election in 2018. CHALLENGESItaly has a history of political instability and the next prime minister will lead the country's 68th government since 1946 and face a host of challenges, notably rising energy costs.

☆ Italy election set to crown Meloni head of most right-wing govt since WW2
▼ + stars: | 2022-09-22 | by ( Crispian Balmer | ) www.reuters.com time to read: +5 min

Giorgia Meloni, leader of the far-right Brothers of Italy party, speaks during a rally in Duomo square ahead of the Sept. 25 snap election, in Milan, Italy, September 11, 2022. "There is this idea in Italy that we have tried everyone else, so let's try her now," said Wolfango Piccoli, the co-president of political risk consultancy Teneo. But on the campaign trail she has been careful not to alienate those core supporters who associate with the far-right. Voting runs on Sunday from 7.00 a.m. to 11.00 p.m. (0500-2100 GMT), with full results due by Monday morning. Register now for FREE unlimited access to Reuters.com RegisterReporting by Crispian Balmer Editing by Raissa KasolowskyOur Standards: The Thomson Reuters Trust Principles.

☆ China's Aug coal imports from Russia, Indonesia soar as heatwave spurs power use
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +3 min

Arrivals of Russian coal last month reached 8.54 million tonnes, up from the previous peak of 7.42 million tonnes in July and 57% higher than in the same period last year, data from the General Administration of Customs showed on Tuesday. Prices for Russian coal have climbed as both China and India stepped up buying, traders said, but were still cheaper than the domestic coal of same quality. They also increased purchases of higher quality thermal coal, such as Russian coal, to improve electricity generation efficiency. China brought in 15.82 million tonnes of the dirty fuel from its top supplier Indonesia in August, 35% higher from July, data showed. But that was still lower than the 17.3 million tonnes imported in August last year.

☆ COVID-hit Shanghai unveils $257 billion in projects in infrastructure push
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Aly SongBEIJING, Sept 20 (Reuters) - China's commercial hub of Shanghai on Tuesday announced eight infrastructure projects with total investment of 1.8 trillion yuan ($257 billion), after the city was hit hard by COVID-19 lockdowns in April and May. In the first eight months of the year, Shanghai's infrastructure investment fell 27.4% versus an 8.3% gain nationwide, data from local statistics bureaus showed on Monday. The cabinet told local governments to complete selling more than 500 billion yuan in special bonds by the end of October under carryover quotas from 2019. Such bonds, on top of the annual quota of 3.65 trillion yuan, will help to fund infrastructure projects. "China's infrastructure investment will in the coming years bolster its slowing economy," Moody's analysts wrote in a recent note.

☆ Dollar Tree's stock tumbles as rival Dollar General's bet on food and groceries pays off
▼ + stars: | 2022-08-25 | by ( Robert Hum | ) www.cnbc.com time to read: +4 min

Look at what's happening between Dollar General and Dollar Tree if you want proof. The reason for Dollar Tree's weaker outlook is price cuts it's taking at Family Dollar stores that will eat into margins. Dollar General said it's seeing plenty of customers visiting its stores to buy food and groceries. But the problem for Dollar Tree is that it has less exposure to the grocery business than Dollar General. Family Dollar's customers tend to have lower incomes than both Dollar Tree and Dollar General, and clearly these shoppers are feeling the strain of months of higher prices.

☆ I made $1.4 million in revenue selling Canva templates. Here's how I scaled my business in less than 3 years.
▼ + stars: | 2022-07-15 | by ( Kimanzi Constable | ) www.businessinsider.com time to read: +8 min

Here's how she started selling Canva templates for viral content, as told to Kimanzi Constable. I decided to presell my Canva templates to ensure it was a viable product. Before creating any templates, I asked my followers whether they'd buy a pack of 100 templates to help them create viral business content. I created the first iteration of the Viral Content Templates alongside Jamie. Since the templates launched in December 2019, my template business has brought in $1.4 million in revenue and continues to grow.

Veterans can opt for group life insurance through Veterans Affairs' VGLI or get individual life insurance. Active duty military have SGLI group life insuranceSchaffer said active duty servicemembers are offered group life insurance of up to $400,000, known as Servicemember's Group Life Insurance (SGLI). Group life insurance is generally the cheapest life insurance you can get. Insider's Featured Life Insurance Companies Lemonade Life InsuranceNationwide Life InsuranceGuardian Life Insurance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Term life insurance Permanent life insurance Ends after a specified time frameIncludes death benefitMore affordable Lasts your lifetimeIncludes a death benefitCash value that can be used during your lifetimeMore expensive than term life in the early years of the policy

Persons: —, Rob Schaffer, Schaffer, SGLI Organizations: Veterans Affairs, Service, Life Insurance, Department of Veterans Affairs, Life, Veterans Group Life Insurance, of Veterans Affairs Locations: USAA, SGLI, VGLI

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