MORNING BID ASIA-Caution at Fed, but what about the Bank of Japan?

MORNING BID ASIA-Caution at Fed, but what about the Bank of Japan?

A look at the day ahead in Asian markets. Asia's market spotlight on Friday shines brightly and almost exclusively on the Bank of Japan, notably the degree and pace at which it intends...
June 14, 2024 at 03:15 am IST
Yellen says larger Chinese banks wary of violating US sanctions on Russia

Yellen says larger Chinese banks wary of violating US sanctions on Russia

U.S. Treasury Secretary Janet Yellen said Thursday that she believes the largest Chinese banks are mindful of U.S. sanctions against Russia and do not want to violate them, but added the U.S. will not...
June 13, 2024 at 11:33 pm IST
Bank of Canada reviewing extraordinary actions taken during pandemic

Bank of Canada reviewing extraordinary actions taken during pandemic

The Bank of Canada is reviewing the extraordinary actions it took during the pandemic to stimulate the economy, in an effort to be better prepared for a future crisis, a top executive said on...
June 13, 2024 at 07:05 pm IST
TSX futures dip as investors digest US Fed's rate outlook

TSX futures dip as investors digest US Fed's rate outlook

Futures tied to Canada's main stock index slipped on Thursday on weak commodity prices after the U.S. Federal Reserve projected only one interest-rate cut this year. S&P/TSX futures...
June 13, 2024 at 04:52 pm IST
Sterling set for fifth weekly gain against euro after shock French election call

Sterling set for fifth weekly gain against euro after shock French election call

The pound was headed for its fifth weekly gain against the euro on Thursday, having hit its highest in almost two years against the single European currency, which was rattled by political uncertainty...
June 13, 2024 at 04:34 pm IST
'Eating is a luxury':  Argentina inflation falls but shoppers still feel squeezed

'Eating is a luxury': Argentina inflation falls but shoppers still feel squeezed

Argentina's monthly inflation rate in May was likely the lowest since 2022 amid a tough austerity drive by libertarian President Javier Milei, but with annual inflation still near 300% many Argentines...
June 13, 2024 at 04:30 pm IST
In new forecasts, Fed appears to bow out of the election cycle

In new forecasts, Fed appears to bow out of the election cycle

The U.S. Federal Reserve may have just ducked out of the presidential campaign spotlight with a fresh set of forecasts showing no interest rate cuts are likely until after Election Day. ...
June 13, 2024 at 03:30 pm IST
Rouble swings to opaque trading territory after new US sanctions

Rouble swings to opaque trading territory after new US sanctions

New U.S. sanctions that forced Russia's leading exchange to halt dollar and euro trading led to a range of varying prices and spreads as trading moved over-the-counter on Thursday, obscuring...
June 13, 2024 at 02:30 pm IST
Fed meeting, benign inflation keep soft landing hopes alive

Fed meeting, benign inflation keep soft landing hopes alive

Soft landing hopes that have powered U.S. stocks this year received a boost following encouraging inflation data and a nod from the Federal Reserve at progress made in fighting consumer prices. ...
June 13, 2024 at 10:30 am IST
Bears firm up bets on Asian currencies as US rate cuts remain elusive

Bears firm up bets on Asian currencies as US rate cuts remain elusive

Analysts have solidified their bearish positions on most Asian currencies as higher-for-longer U.S. interest rates and a resilient dollar are likely to continue to hurt the local units, a Reuters...
June 13, 2024 at 10:07 am IST
MORNING BID EUROPE-Data is king, Fed its servant

MORNING BID EUROPE-Data is king, Fed its servant

A look at the day ahead in European and global markets from Kevin Buckland The verdict from investors appears to be that benign U.S. inflation trumps the...
June 13, 2024 at 10:00 am IST
Asia stocks rally, bond yields fall as investors assess Fed outlook

Asia stocks rally, bond yields fall as investors assess Fed outlook

Asian equities rallied on Thursday, while bond yields slid, as investors weighed cooling U.S. inflation against a more hawkish posture by the Federal Reserve. Japanese shares...
June 13, 2024 at 08:38 am IST
Hong Kong central bank keeps key rate steady, tracking Fed move

Hong Kong central bank keeps key rate steady, tracking Fed move

The Hong Kong Monetary Authority left its base rate through the overnight discount window unchanged at 5.75% on Thursday, tracking a move by the U.S. Federal Reserve to leave rates unchanged. ...
June 13, 2024 at 08:24 am IST
What will BOJ's quantitative tightening look like?

What will BOJ's quantitative tightening look like?

The Bank of Japan may offer guidance on how it plans to reduce its $5-trillion balance sheet at its policy meeting on Friday, in a slow but steady retreat from its massive monetary stimulus. ...
June 13, 2024 at 07:59 am IST
Argentina, China renew $5 billion swap line through July 2026

Argentina, China renew $5 billion swap line through July 2026

Argentina and China's monetary authorities have renewed a swap line for the equivalent of $5 billion through July 2026, Argentina's central bank said on Wednesday. The central bank said...
June 13, 2024 at 02:20 am IST
Bank of Canada head says can still diverge from Fed on rates

Bank of Canada head says can still diverge from Fed on rates

There is a limit to how far the Bank of Canada can diverge from the U.S. Federal Reserve when it comes to cutting rates but the Canadian bank is nowhere near that limit, Governor Tiff Macklem told...
June 13, 2024 at 01:36 am IST
US widens Russia sanctions, targets semiconductors sent via China

US widens Russia sanctions, targets semiconductors sent via China

The United States on Wednesday dramatically broadened sanctions on Russia, including by targeting China-based companies selling semiconductors to Moscow, as part of its effort to undercut the Russian...
June 12, 2024 at 08:08 pm IST
Fed seen on track to Sept rate cut after inflation data

Fed seen on track to Sept rate cut after inflation data

Federal Reserve policymakers may feel more confident that inflation is back on a downward path after a U.S. government report showed consumer prices did not rise at all in May, potentially paving...
June 12, 2024 at 07:10 pm IST
Bank of England to cut rates in August, at least one more expected this year

Bank of England to cut rates in August, at least one more expected this year

The Bank of England will start cutting interest rates in August, according to all but two of 65 economists polled by Reuters, and most of them expect at least one more reduction this year despite...
June 12, 2024 at 04:23 pm IST
MORNING BID AMERICAS-Can this rally fight the Fed?

MORNING BID AMERICAS-Can this rally fight the Fed?

A look at the day ahead in U.S. and global markets by markets correspondent Naomi Rovnick What a difference half a year makes. Traders started 2024 convinced that the...
June 12, 2024 at 03:30 pm IST