Take Five: Retailer round-up, UK economy woes and Europe’s power problems

Aug 12 (Reuters) – US retailers’ earnings will give a glimpse into how consumers are dealing with sky-high inflation, and a raft of data will offer a check-up on the health of the UK economy. Power problems will continue to plague Europe, while the central bank spotlight falls on New Zealand. Here’s your week-ahead in … Read more

Jittery markets see bond funds enjoy largest weekly inflows since Nov 2021

Photo for illustration. A man is silhouetted in an electronic board showing the FTSE MIB Index for the Italian equity market in this photo illustration taken in Rome August 9, 2011. REUTERS/Tony Gentile./File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 5 (Reuters) – Bond funds recorded their largest weekly inflow … Read more

Yen recovery continues on lower US yields; markets on edge over Pelosi

Japanese yen and US dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 2 (Reuters) – The dollar continued its decline on Tuesday, falling to its lowest in two months against the … Read more

Analysis: World’s biggest bond markets back in vogue as recession fears mount

Global indices are displayed on a screen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 19, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register LONDON, July 29 (Reuters) – One day you’re out and the next day you’re in: the world’s … Read more

Pound struggles around $1.20 on economic worries

A bank employee counts pound notes at Kasikornbank in Bangkok, Thailand, October 12, 2010. REUTERS/Sukree Sukplang Register now for FREE unlimited access to Reuters.com Register LONDON, July 25 (Reuters) – Sterling held around the $1.20 level versus the US dollar on Monday as traders worried about the outlook of the British currency after recent negative … Read more

Dollar supported by market caution as growth fears dominate

Dollar up vs Euro, Yen, Aussie, Kiwi Investors seek safety amid growth fears Fed expected to hike rates 75 bps on Wednesday LONDON, July 25 (Reuters) – The dollar held firm in early trading on Monday as traders sought safer assets and braced for a sharp US interest rate hike later this week. European stock … Read more

Euro zone business activity contracted in July as price rises bite -PMI

A symphony of light illuminates the south facade of the European Central Bank (ECB) headquarters in Frankfurt, Germany, December 30, 2021. REUTERS/Wolfgang Rattay Register now for FREE unlimited access to Reuters.com Register LONDON, July 22 (Reuters) – Euro zone business activity unexpectedly contracted this month due to an accelerating downturn in manufacturing and a near-stalling … Read more

Bank of Canada makes a splash with developed economies’ first 100 pointer

July 13 (Reuters) – The Bank of Canada on Wednesday delivered the first 100-basis-point rate increase among the world’s advanced economies in the current policy-tightening cycle as officials there eyeballed “higher and more persistent” inflation. read more In delivering their largest rate increase since 1998, BOC policymakers also noted the increased risk of price increases … Read more

Sterling falls to fresh two-year low on leadership race concerns

UK pound coin drops into yellow watercolor in this illustration picture, October 26, 2017. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, July 12 (Reuters) – The British pound slipped to a fresh two-year low on Tuesday thanks to a broad dollar rebound and as political uncertainty weighed on sentiment. Boris … Read more

Euro zone finance ministers fail again to name new bailout fund head

BRUSSELS, July 11 (Reuters) – After several months of attempts, euro zone finance ministers failed again on Monday to choose a new head of the bloc’s bailout fund, EU officials said. Ministers need to agree on the successor of Klaus Regling who will retire in October after having steered the European Stability Mechanism (ESM) since … Read more