Interest Rates
Interest rates around the world will be low for the next decade, former central bank governor says
Tue, 25 Jun 2019 12:17 GMT
Patrick Honohan, former governor of the Central Bank of Ireland and author of "Currency, Credit and Crisis," discusses interest rates, central banking and the global economy.
US STOCKS-Futures lower on Iran tensions, trade worries
Tue, 25 Jun 2019 11:42 GMT
June 25- U.S. stock futures were pulled lower by Iran tensions and trade worries on Tuesday, with investors focusing on Federal Reserve officials for more clarity on interest rates. In a dramatic and unprecedented move, President Donald Trump on Monday imposed new sanctions on Iran's supreme leader and foreign minister, a decision Tehran said closed the path to...
UPDATE 1-Lennar profit beats as lower mortgage rates boost home sales
Tue, 25 Jun 2019 10:27 GMT
The 30- year fixed mortgage rate stood at an average of 4.14% in the week ended June 14, hovering at levels lowest since September 2017, according to data from Mortgage Bankers Association of America. Net earnings attributable to Lennar rose 36% to $421.5 million, or $1.30 per share in the second quarter ended May 31. Analysts on average had expected earnings of...
FOREX-Dollar crumbles to new lows vs euro, yen on U.S. rate cut bets
Tue, 25 Jun 2019 09:48 GMT
LONDON, June 25- The U.S. dollar fell to a three-month low against the euro and dropped to its weakest against the Japanese yen since early January as the prospect of monetary easing by the Federal Reserve knocked demand for the U.S. currency. The euro hit a three-month high of $1.1412, having gained 2.0% from a two-week low of $1.1181 touched a week ago.
CEE MARKETS-Forint slips ahead of rate decision
Tue, 25 Jun 2019 09:35 GMT
BUDAPEST, June 25- Hungary's forint weakened slightly ahead of a central bank rate decision due later on Tuesday which is expected to leave rates flat despite inflation pressures. Analysts said they expected Hungarian rates to stay unchanged after the European Central Bank struck a dovish tone, even with inflation in Hungary at the top of the central bank's...
FOREX-Dollar crumbles to new lows vs euro, yen on rate cut bets
Tue, 25 Jun 2019 07:27 GMT
LONDON, June 25- The U.S. dollar fell to a three-month low against the euro and dropped to its weakest against the Japanese yen since early January as the prospect of monetary easing by the Federal Reserve knocked demand for the U.S. currency. The euro hit a three-month high of $1.1412, having gained 2.0% from a two-week low of $1.1181 touched a week ago as the dollar...
Stock futures little changed as Wall Street awaits Fed's Powell remarks
Tue, 25 Jun 2019 06:31 GMT
U.S. stock index futures were little changed Tuesday morning as investors awaited commentary from the top Federal Reserve official.
PRECIOUS-Gold scales six-year peak on weaker dollar, U.S.-Iran friction
Tue, 25 Jun 2019 06:22 GMT
*Spot gold may test resistance at $1,439/ oz- technicals. June 25- Gold prices rose more than 1% on Tuesday before shedding some gains, but still held near a six-year high, as the dollar dropping to multi-month lows, and simmering U.S.- Iran tensions drove investors towards the safe-haven bullion. Bets for lower interest rates, weaker U.S. dollar and tensions in the...
PRECIOUS-Gold hits six-year peak on softer dollar, U.S.-Iran friction
Tue, 25 Jun 2019 04:46 GMT
*Spot gold may test resistance at $1,439/ oz- technicals. June 25- Gold prices climbed more than 1% on Tuesday to their highest in six years as the dollar weakened on prospects of monetary easing by the Federal Reserve, while simmering U.S.- Iran tensions drove investors towards the safe-haven bullion. Bets for lower interest rates, weaker U.S. dollar and tensions...
EMERGING MARKETS-Brazil, Mexico currencies slip, Latam stocks mostly gain
Mon, 24 Jun 2019 20:23 GMT
June 24- Mexico's peso and the Brazilian real fell on Monday, while most other Latin American currencies firmed against a weaker dollar as investors awaited the G20 summit where the U.S. and Chinese presidents are expected to meet to revive trade talks. Argentina's peso rose 0.9% as the dollar weakened on bets the Federal Reserve may cut interest rates more than...
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