Interest Rates
UPDATE 1-Sterling edges lower ahead of crucial wage data
Mon, 19 Feb 2018 17:13 GMT
LONDON, Feb 19- Sterling edged lower against the dollar and euro on Monday, holding off 10- day highs hit last week, as traders awaited key wages data due later this week for clues to the pace of monetary tightening from the Bank of England. Markets have moved to price in an interest rate hike in May, but such tightening will hinge on pay growth picking up, and on whether...
'No equity bear market but more corrections' seen by Citi strategists
Mon, 19 Feb 2018 12:56 GMT
Synchronized tapering of global central bank stimulus programs could prompt more volatility in equity and corporate and sovereign bonds, Citi said.
Sterling edges down as traders eye key wages numbers
Mon, 19 Feb 2018 09:39 GMT
LONDON, Feb 19- Britain's pound inched down against the dollar and euro on Monday, with traders cautious ahead of key wages data due later in the week that should give them clues to the pace of monetary tightening from the Bank of England. Markets have moved to price in an interest rate hike in May, but economists say any such tightening is dependent on pay growth...
Tell us what you think: Where could rising yields do the most damage£
Mon, 19 Feb 2018 06:11 GMT
In this week's Trader Poll, tell us where rising yields could do the most damage.
UPDATE 3-Latvia central bank chief held by anti-corruption agency, urged to step aside
Sun, 18 Feb 2018 17:42 GMT
*Governor Rimsevics also sits on ECB Governing Council. RIGA, Feb 18- Latvia's anti-corruption agency has detained central bank Governor Ilmars Rimsevics, prompting calls for him to step aside while he is under investigation. But in a statement sent to Reuters he did not say why Rimsevics, a member of the European Central Bank's interest rate-setting Governing...
MIDEAST STOCKS-Dubai underperforms in sluggish region, rate cut boosts Egypt
Sun, 18 Feb 2018 14:33 GMT
*Dubai hit by weak property prices, mediocre quarterly earnings. DUBAI, Feb 18- Dubai's stock market again underperformed in a sluggish Gulf on Sunday while local institutional investors boosted Qatar and Egypt rose after an interest rate cut at the end of last week. The Dubai index fell 1.2 percent in thin trade to its lowest level since November 2016 as real...
MIDEAST STOCKS-Region may have upward bias on oil, interest rates
Sun, 18 Feb 2018 05:39 GMT
DUBAI, Feb 18- Middle Eastern stock markets may have an upward bias on Sunday because of a gradual recovery in oil prices and in Egypt's case, last week's interest rate cut, although there appears to be little reason for any strong rise in equities. Wall Street closed marginally firmer on Friday while Brent oil continued its gradual recovery, settling up 51 U.S....
Bull market has years left on the upside: Strategist
Fri, 16 Feb 2018 18:04 GMT
Jeff Saut, Raymond James chief investment strategist, and Steve Chiavarone, Federated Investors portfolio manager, discuss the recent volatility in markets as well as what inflation data and interest rates will do to stocks this year.
GLOBAL MARKETS-Stocks set for best week in 6 years, dollar climbs
Fri, 16 Feb 2018 17:15 GMT
NEW YORK, Feb 16- Global stocks rose on Friday and were set for their best week in six years as strong corporate earnings offset concerns about rising inflation and interest rates, while the U.S. dollar edged higher from a three-year low against major currencies. "Investors are getting comfortable with the idea that growth is sufficient enough to withstand the...
KBW President: Why I'm bullish on bank stocks
Fri, 16 Feb 2018 16:28 GMT
Thomas Michaud, KBW president & CEO, discusses being bullish on bank stocks in the wake of rising interest rates.
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