Sterling edges up before UK budget:
reuters.com/markets/currencies/sterling-edges-up-before-uk-budget-2024-03-06/
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| Last Updated | Mar 06 |
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ECB’s Guindos Says June Cut Looks Like Set Deal If No Surprises: The European Central Bank is on course to lower interest rates at its June meeting ...
bloomberg.com/news/articles/2024-04-23/ecb-s-guindos-says-june-cut-looks-like-set-deal-if-no-surprises
ECB Says Consumer Inflation Expectations Edged Lower in March: Inflation expectations of consumers in the euro zone inched down in March, according to the ...
bloomberg.com/news/articles/2024-04-26/ecb-says-consumer-inflation-expectations-edged-lower-in-march
Only Half of Global Interest Rate Hikes Set to Be Taken Back by End-2025: Major advanced economy central banks are likely to take back less than half of the ...
bloomberg.com/news/articles/2024-04-26/only-half-of-global-rate-hikes-set-to-be-taken-back-by-end-2025
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ECB’s First Rate Cut Doesn’t Have to Kick Off Series, Nagel Says: The European Central Bank can’t commit to what will happen after a likely first reduction in ...
bloomberg.com/news/articles/2024-04-24/ecb-s-first-rate-cut-doesn-t-have-to-kick-off-series-nagel-says
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Meta proves AI hype has its limits : Artificial intelligence is a multibillion-dollar project with no clear timeline for revenues
ft.com/content/698c79e0-0b0b-401d-8132-99a42f236b92
Quick Glance: AI Revolutionizing Call Centers: TCS Insights
- The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.
- TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.
- Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.
- Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.
UK Economists Say Markets Betting Wrong on Interest Rate Cuts: The Bank of England has found itself caught in the middle of a trans-Atlantic divide over who will ...
bloomberg.com/news/articles/2024-04-22/uk-economists-say-markets-betting-wrong-on-interest-rate-cuts
Euro-Zone Consumers Increasingly Struggle to Pay for Housing: A rising number of euro-area consumers is struggling to pay for housing after years of above-target ...
bloomberg.com/news/articles/2024-04-22/euro-zone-consumers-increasingly-struggle-to-pay-for-housing
Europe's bank earnings to offer interest rate reality check: Investors should get a clearer picture this week of whether higher interest rates are still boosting ...
reuters.com/business/finance/europes-bank-earnings-offer-interest-rate-reality-check-2024-04-22/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
Chinese Banks Hold Lending Rates With Yuan Under Pressure: Banks in China maintained their benchmark lending rates on Monday, following the Chinese central ...
bloomberg.com/news/articles/2024-04-22/chinese-banks-hold-lending-rates-with-yuan-under-pressure
Paid articlePaid UBS Says Investors Fear Labour Could Hit UK Banks’ BOE Deposits: Investors are starting to worry that a future Labour government could seek to raise money for ...
bloomberg.com/news/articles/2024-04-26/ubs-says-investors-fear-labour-could-hit-uk-banks-boe-deposits
Paid articlePaid Turkey’s Central Bank Head Vows ‘Whatever It Takes’ on Inflation - Bloomberg: Turkish central bank Governor Fatih Karahan promised to do “whatever it takes” to ...
bloomberg.com/news/articles/2024-04-19/turkey-s-central-bank-head-vows-whatever-it-takes-on-inflation
Paid articlePaid Investors raise bets on euro falling to parity with dollar: Eurozone borrowing costs seen as likely to fall first as strength of US economy lowers chance of ...
ft.com/content/700f0282-e939-4441-8093-6e012c39f4bd
Indonesia raises interest rates to support sliding rupiah: Currency has lost nearly 5% of its value against dollar this year amid expected delays to US rate cuts
ft.com/content/e3f75d49-c3bf-408c-b8a4-e8c599dba384
ECB Shouldn’t Rush Further Rate Cuts After June, Muller Says: The European Central Bank mustn’t rush into further interest rate cuts after a likely first step in ...
bloomberg.com/news/articles/2024-04-20/ecb-shouldn-t-rush-further-rate-cuts-after-june-muller-says
ECB will need more rate cuts if Fed holds back, says policymaker: Head of Italy’s central bank highlights risk of US stance pushing up global borrowing costs
ft.com/content/0112fe8d-856f-43aa-9bbb-c2106b00b5d6
Yen inches closer to intervention point as BOJ meeting starts: For the first time in over 30 years, the yen weakened beyond ¥155 per dollar ...
japantimes.co.jp/business/2024/04/25/markets/yen-falls-past-155/
ECB Won’t Be Guided by US Economy in Setting Rates, Centeno Says
bloomberg.com/news/articles/2024-04-17/ecb-won-t-be-guided-by-us-economy-in-setting-rates-centeno-says
ECB’s Rehn Says Time Will Be Ripe in June to Start Cutting Rates: European Central Bank Governing Council member Olli Rehn joined fellow policymakers in ...
bloomberg.com/news/articles/2024-04-18/ecb-s-rehn-says-time-will-be-ripe-in-june-to-start-cutting-rates
Paid articlePaid ECB's Simkus Says Could Make Back-to-Back Summer Interest-Rate Cuts: The European Central Bank could lower borrowing costs in both June and July ...
bloomberg.com/news/articles/2024-04-19/ecb-could-make-back-to-back-summer-rate-cuts-simkus-says
Paid articlePaid Eurozone business activity rises to 11-month high: Data expected to reassure ECB officials that eurozone still on track for ‘soft landing’
ft.com/content/044eca63-1f8c-4f79-9d59-ab5d6733b893
European banks have little to lose from rate cuts: Tighter monetary policy has delivered a giant boost to Europe’s long-suffering lenders ...
reuters.com/breakingviews/european-banks-have-little-lose-rate-cuts-2024-04-25/
ECB’s Lane Says Current Disinflation Is ‘Necessarily Bumpy’: European Central Bank Chief Economist Philip Lane said the retreat in consumer-price growth is ...
bloomberg.com/news/articles/2024-04-15/ecb-s-lane-says-current-disinflation-is-necessarily-bumpy
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Rate Chokehold on World Economy Is Set to Loosen Only Slowly: The high tide for global interest rates has passed, but respite for the world economy may be ...
bloomberg.com/news/articles/2024-04-14/rate-chokehold-on-world-economy-is-set-to-loosen-only-slowly
Paid articlePaid BNP Paribas’s Fixed Income Traders Trail for Fourth Straight Quarter: BNP Paribas SA posted better-than-expected profit for the first quarter as provisions for ...
bloomberg.com/news/articles/2024-04-25/bnp-s-fixed-income-traders-trail-for-fourth-straight-quarter
Paid articlePaid Yen Approaches Intervention Point as BOJ Meeting Starts: Yen traders are bracing themselves for a redux of September 2022, when Japan intervened in the market to ...
bloomberg.com/news/articles/2024-04-25/yen-inches-closer-to-intervention-point-as-boj-meeting-starts
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Nordea Posts Record Profit as Interest Rate Boost Continues: Nordea Bank Abp, the largest lender in the Nordic region, reported record profits and net interest ...
bloomberg.com/news/articles/2024-04-18/nordea-again-posts-net-interest-income-growth-beating-estimates
Battle of inflation: ECB could initiate interest rate turnaround for the first time before the Fed
nzz.ch/wirtschaft/kampf-der-inflation-die-ezb-koennte-erstmals-in-ihrer-geschichte-vor-der-us-notenbank-die-zinswende-einleiten-ld.1826982
Yen dives past 157 against dollar as BOJ stays put: TOKYO -- Japan's currency fell past 157 yen to the dollar on Friday as a sell-off quickened following ...
asia.nikkei.com/Business/Markets/Currencies/Yen-dives-past-157-against-dollar-as-BOJ-stays-put
Paid articlePaidQuick Glance: Yen declines to 156.80 during Ueda press conference
- The Japanese currency saw a significant decline below 156 to the dollar on Friday, following the Bank of Japan's decision to maintain its monetary policy, raising concerns of potential government intervention.
- During Bank of Japan Governor Kazuo Ueda's closely monitored press conference, the yen gradually fell to 156.81. The currency has been on a downward trend since the central bank's previous monetary policy meeting.
- Financial markets are on edge about potential government interventions as the yen continues to decrease and consumers become increasingly worried about imported inflation.
- Nikkei Asian Review, now rebranded as Nikkei Asia, is set to become the influential voice of the Asian Century.
ECB Needs to Remain Restrictive Even If Cuts Start, Nagel Says
bloomberg.com/news/articles/2024-04-19/ecb-needs-to-remain-restrictive-even-if-cuts-start-nagel-says
Paid articlePaid Exclusive: ECB governors fear Fed-style 'dot plot' would invite political pressure, sources say
reut.rs/3UakNC5
Why a stronger dollar is dangerous: It sets the stage for a nasty new Trump-China clash, among other things
economist.com/finance-and-economics/2024/04/23/why-a-stronger-dollar-is-dangerous
Exclusive: ECB governors fear Fed-style 'dot plot' would invite political pressure, sources say
reut.rs/4480lGy
Europe Faces Twin Blow If ECB and Fed Don’t Cut, Scicluna Warns: The euro zone’s stuttering economy would face a twin blow should interest rates not be lowered ...
bloomberg.com/news/articles/2024-04-19/europe-faces-twin-blow-if-ecb-and-fed-don-t-cut-scicluna-warns
Germany's Scholz calls for banking union in Europe: German Chancellor Olaf Scholz on Tuesday called for the completion of a European banking union ...
reuters.com/world/europe/germanys-scholz-calls-banking-union-europe-2024-04-23/
Ukraine war: ECB demands faster withdrawal of Austria's RBI from Russia: As the largest Western financial institution in Russia, Raiffeisenbank International has ...
nzz.ch/wirtschaft/ukraine-krieg-ezb-fordert-rascheren-rueckzug-von-oesterreichs-rbi-aus-russland-ld.1827370
Live news: Yen weakens to ¥155 per dollar as US stocks edge higher
ft.com/content/df08445b-c568-4473-85f5-4d7efd2cfa6a
Timing of first BoE rate cut splits economists between June and Q3: The Bank of England will wait until next quarter to lower borrowing costs ...
reuters.com/markets/rates-bonds/timing-first-boe-rate-cut-splits-economists-between-june-q3-2024-04-24/
Le Pen’s Party Wants the ECB to Help Fund the Green Transition: The far-right party of Marine Le Pen, which is on course to trounce French President Emmanuel ...
bloomberg.com/news/articles/2024-04-18/le-pen-s-party-wants-the-ecb-to-help-fund-the-green-transition
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German central bank chief champions digital euro plans ｜ DPA: Consumers in the eurozone would benefit from a digital euro currency, according to the head of the ...
nordot.app/1155805636707091055
ECB’s Villeroy Says Green QE Neither Desirable, Nor Possible: The European Central Bank can’t be the solution to the funding challenges for the green transition ...
bloomberg.com/news/articles/2024-04-22/ecb-s-villeroy-says-green-qe-neither-desirable-nor-possible
Europe Defense Latest: France’s Macron Struggles to Deliver Vision: Emmanuel Macron wants to set the stage for more robust European defense and drive support for ...
bloomberg.com/news/articles/2024-04-25/europe-defense-latest-france-s-macron-struggles-to-deliver-vision
Rupee ticks up on foreign banks' dollar sales; forward premiums slip: The Indian rupee logged modest gains in early trading on Monday on dollar sales from ...
reuters.com/markets/currencies/rupee-ticks-up-foreign-banks-dollar-sales-forward-premiums-slip-2024-04-22/
ECB's Wunsch sees multiple rate cuts this year as likely: The European Central Bank is likely to cut interest rates multiple times this year ...
reuters.com/markets/europe/ecbs-wunsch-sees-multiple-rate-cuts-this-year-likely-2024-04-19/
Currencies calm but cautious after a weary week: The euro and yen were relatively steady in early Asian trading on Monday and the U.S. dollar stayed near its ...
reuters.com/markets/currencies/currencies-calm-cautious-after-weary-week-2024-04-22/
Italy expects ECB to start cutting rates in second half of year: Italy expects the European Central Bank (ECB) to start cutting interest rates from the second ...
reuters.com/markets/rates-bonds/italy-expects-ecb-start-cutting-rates-second-half-year-2024-04-22/
European Parliament calls on Austria to pressure Raiffeisen bank to leave Russia: "Instead of repeated statements about intentions to reduce and sell their ...
kyivindependent.com/european-parliament-calls-on-austria-to-pressure-raiffeisen-bank-to-leave-russia/
ECB's Lagarde hints it is too early to review inflation target: European Central Bank President Christine Lagarde hinted on Wednesday that it was too early for ...
reuters.com/markets/europe/ecbs-lagarde-hints-it-is-too-early-review-inflation-target-2024-04-17/
ECB’s Nagel Says June Cut More Probable, But Still Caveats: CNBC: The European Central Bank is moving closer to lowering borrowing costs at its next policy ...
bloomberg.com/news/articles/2024-04-17/ecb-s-nagel-says-june-cut-more-probable-but-still-caveats-cnbc
Paid articlePaid ECB May Cut Rates in June on Slower Inflation, Muller Says - Bloomberg: The European Central Bank may lower interest rates in June as euro-area inflation slows ...
bloomberg.com/news/articles/2024-04-12/ecb-may-cut-rates-in-june-on-slower-inflation-muller-says
Paid articlePaid The European Central Bank is poised to order Italy's UniCredit to cut back its business with Russia, sources said, as the regulator exerts pressure to choke ...
reut.rs/4d1UOFE
Scholz Warns of Jeopardizing ECB Rate Cut With Inflation Rebound: German Chancellor Olaf Scholz urged restraint to avoid a new bout of inflation that would ...
bloomberg.com/news/articles/2024-04-19/scholz-warns-of-jeopardizing-ecb-rate-cut-with-inflation-rebound
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Ringgit drops toward 26-year low as Bank Negara pledges support: The ringgit slipped to 4.78 per US dollar, putting it within a whisker of its Feb 21 low of 4 ...
straitstimes.com/business/ringgit-drops-toward-26-year-low-as-bank-negara-pledges-support
Where king dollar is causing pain the most: A dollar surge propelled by a strong economy, sticky inflation and geopolitical tensions have unnerved policymakers ...
reut.rs/4b6jIC7
ECB’s Rehn Says Geopolitics Pose Biggest Risk to Rate Cuts: Slower inflation has opened the door for the European Central Bank to start lowering interest rates ...
bloomberg.com/news/articles/2024-04-16/ecb-s-rehn-says-geopolitics-pose-biggest-risk-to-rate-cuts
Paid articlePaid Take Five: Dancing to the dollar's beat: Just when it looked like rate cuts were coming any minute now, inflation has reared its head and the strength of the ...
reuters.com/business/take-five/global-markets-themes-graphic-2024-04-19/
Federal Reserve's preferred inflation gauge set to back rate-cut patience: Policymakers' preferred inflation gauge - the personal consumption expenditures price ...
business-standard.com/world-news/federal-reserve-s-preferred-inflation-gauge-set-to-back-rate-cut-patience-124042100049_1.html
The ECB is seen forgiving Italy its fiscal sins, if needed: Investors who have snapped up high-yielding Italian bonds over the last year on the assumption they ...
reut.rs/3xIJHBq
Japan's yen sinks to fresh 34-year low against dollar: TOKYO -- The yen dropped to the mid-154 range against the dollar on Monday, touching the lowest level ...
asia.nikkei.com/Business/Markets/Currencies/Japan-s-yen-sinks-to-fresh-34-year-low-against-dollar
Paid articlePaid ECB’s Kazaks Says It’s Too Soon to Declare Inflation Victory: It’s still too early to declare that euro-area inflation has been vanquished ...
bloomberg.com/news/articles/2024-04-19/ecb-s-kazaks-says-it-s-too-soon-to-declare-inflation-victory
Paid articlePaid Fed's rate-cut foot-dragging grates on global peers at IMF meetings: Finance chiefs from economies large and small are scrambling to keep pace with the Federal ...
reuters.com/markets/rates-bonds/feds-rate-cut-foot-dragging-grates-global-peers-imf-meetings-2024-04-19/
Stablecoin Tether gets boost as dollar alternative in emerging markets, CEO says: Stablecoin Tether's recent growth is being driven by its use as an alternative ...
reuters.com/technology/stablecoin-tether-gets-boost-dollar-alternative-emerging-markets-ceo-says-2024-04-19/
Middle East tensions should not delay ECB's June rate cut, Villeroy says: Tension in the Middle East is unlikely to drive up energy prices and should not affect ...
reuters.com/markets/rates-bonds/middle-east-tensions-should-not-delay-ecbs-june-rate-cut-villeroy-says-2024-04-21/
ECB to Watch Geopolitical Risk When Cutting Rates, Villeroy Says - Bloomberg: The European Central Bank will monitor geopolitical risks as it embarks on ...
bloomberg.com/news/articles/2024-04-16/ecb-to-watch-geopolitical-risk-when-cutting-rates-villeroy-says
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Europe is beating inflation. Why can’t America declare victory?: Inflation may have tumbled from multi-decade highs on both sides of the Atlantic ...
cnn.com/2024/04/26/economy/us-europe-inflation-differences/
Quick Glance: Rising Key Fed Inflation Measure in March
- In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.
- The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.
- Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.
- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
Vietnam surpasses India and Thailand and now becomes biggest rice supplier for Singapore
thestar.com.my/aseanplus/aseanplus-news/2024/04/20/vietnam-surpasses-india-and-thailand-and-now-becomes-biggest-rice-supplier-for-singapore
ECB’s Knot Sees Smaller Inflation Risks From Potential Oil Spike: A jump in energy prices would pose a less acute danger to inflation in Europe than the ...
bloomberg.com/news/articles/2024-04-18/ecb-s-knot-sees-smaller-inflation-risks-from-potential-oil-spike
'They can buy up to $5,000 at one go': Some money changers run out of Korean won after it falls to new low against Singapore dollar
asiaone.com/singapore/they-can-buy-5000-one-go-some-money-changers-run-out-korean-won-after-it-falls-new-low
Middle East tensions should not delay ECB's June rate cut, Villeroy says: Tension in the Middle East is unlikely to drive up energy prices and should not affect ...
reuters.com/markets/rates-bonds/middle-east-tensions-should-not-delay-ecbs-june-rate-cut-villeroy-says-2024-04-21/
Rupee ends at record closing low on risk-off, broad dollar rally
reuters.com/markets/currencies/rupee-ends-record-closing-low-risk-off-broad-dollar-rally-2024-04-16/
ECB's Lagarde says inflation more likely to ease but risks both ways: Euro zone inflation is likely to decline further and the European Central Bank may cut ...
reuters.com/markets/rates-bonds/ecbs-lagarde-says-inflation-more-likely-ease-risks-both-ways-2024-04-19/
Raiffeisen expects push from ECB to cut back on activities in Russia: Austria's Raiffeisen Bank International (RBI) said on April 18 that it expects a ...
kyivindependent.com/raiffeisen-expects-push-from-ecb-to-cut-back-on-activities-in-russia/
Ukraine minister detained over suspected corruption: Prosecutors: Ukraine’s Agriculture Minister Mykola Solsky was detained after being named a formal suspect in ...
english.alarabiya.net/News/world/2024/04/26/ukraine-minister-detained-over-suspected-corruption-prosecutors-
ECB's Vasle sees rates much closer to 3% at year-end: The European Central Bank deposit rate should be "much closer" to 3% by the end of the year from a record ...
reuters.com/markets/rates-bonds/ecbs-vasle-sees-rates-much-closer-3-year-end-2024-04-17/
Gold is back — and it has a message for us: The precious metal’s surge may herald a whole new world
ft.com/content/bdcb7d8a-e958-4910-9d1b-a6a519812503
Yen drops beyond ¥157 per dollar as BOJ keeps key rate unchanged: Japan’s currency weakened as much as 1.4% on the day and touched a session low of ¥157 ...
japantimes.co.jp/business/2024/04/27/markets/yen-dollar-157/
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