Sterling falls as BoE expects recession, US futures up

Sterling falls as BoE expects recession, US futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in Sept “reasonable” Oil stabilized after hitting six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and euro … Read more

World stocks eye best month since late 2020, dollar slips

World stocks eye best month since late 2020, dollar slips

MSCI World index up 0.3%; nearly 6% for the month Dollar down 0.5% against a basket of major peers Markets bet US slowdown to temper rate tightening LONDON/SINGAPORE, July 29 (Reuters) – Global stocks rose on Friday, on course for their best month since late 2020 as traders bet a weakening US economy could slow … Read more

Australian inflation speeds to 21-year high, peak still to come

Australian inflation speeds to 21-year high, peak still to come

Q2 CPI rises 1.8% q/q, 6.1% y/y just under forecasts Core inflation up record 4.9% y/y vs RBA target of 2-3% RBA seen hiking 50bps next week, less chance of 75bps SYDNEY, July 27 (Reuters) – Australian inflation sped to a 21-year high last quarter and is likely to accelerate even further as food and … Read more

ECB hikes rates more than flagged in race to tame inflation

ECB hikes rates more than flagged in race to tame inflation

All rates rise by 50 basis points Inflation to stay ‘undesirably’ high ECB backs ‘anti-fragmentation’ tool called TPI ECB ‘can go big’ on that, Lagarde says FRANKFURT, July 21 (Reuters) – The European Central Bank raised interest rates by more than expected on Thursday as concerns about runaway inflation trumped worries about growth, even while … Read more

World shares hit three-week high on easing recession fears

World shares hit three-week high on easing recession fears

European stocks steady, US futures up 0.4% Asian stocks rise 1%, Nikkei up 2.67% Oil rallies more than $1 a barrel LONDON/BEIJING, July 20 (Reuters) – World shares hit a three-week high on Wednesday as strong US corporate earnings and the expected resumption of Russian gas supply to Europe allayed fears of a recession, though … Read more