European stocks and the euro jump on Ukrainian advances in the northeast

Join now for FREE unlimited access to Reuters.com Register LONDON, Sept 12 (Reuters) – European stocks surged on Monday after Ukrainian forces made a rapid advance into Kharkiv province in Russia’s worst setback since abandoning its push into Kyiv in March, while the euro extended gains inspired by the European Central Bank last week. On … Read more

Canada’s Conservatives pick populist to try to oust Trudeau’s Liberals

Join now for FREE unlimited access to Reuters.com Register OTTAWA, Sept 10 (Reuters) – Canada’s Conservatives on Saturday picked Pierre Poilievre, a veteran parliamentarian who has promoted bitcoin as a way to fight inflation, to lead the party’s bid to oust the Liberals and Prime Minister Justin Trudeau. Poilievre, 43, won the leadership in the … Read more

ECB raises rates by an unprecedented 75 basis points to fight inflation

Join now for FREE unlimited access to Reuters.com Register Increases deposit rate to 0.75% from zero Eurozone inflation uncomfortably high and rising New ECB forecasts show higher inflation and weaker growth Other rate hikes reported Lagarde will speak at 12:45 GMT FRANKFURT, Sept 8 (Reuters) – The European Central Bank raised key rates by a … Read more

Liz Truss’ cabinet is the first in Britain without a white man in top positions

Join now for FREE unlimited access to Reuters.com Register First time no white man has held one of the top four positions Kwarteng takes finance portfolio, Cleverly at foreign office Diversity is now ‘normal’ in Britain, says expert LONDON, Sept 6 (Reuters) – Britain’s new Prime Minister Liz Truss has chosen a cabinet where, for … Read more

Asian stocks stagnate as investors await more rate action

People walk past an electronic screen showing Japan’s Nikkei stock price index at a conference room in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato/File Photo Join now for FREE unlimited access to Reuters.com Register HONG KONG, Sept 6 (Reuters) – Asian stocks largely wiped out early morning gains on Tuesday afternoon as investors remained cautious … Read more

Central banks will not be able to control inflation without better fiscal policy, study finds

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, DC, U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo Join now for FREE unlimited access to Reuters.com Register JACKSON HOLE, Wyo., Aug 27 (Reuters) – Central banks will fail to control inflation and could even push price growth higher unless governments … Read more

Stocks slide and dollar firm ahead of Jackson Hole conference

Fed sticks to hawkish tone – analysts U.S. Terminal Rate Expectations Rise, Dollar Gains New swings hit property stocks in China SINGAPORE, Aug 24 (Reuters) – Asian stock markets fell for an eighth consecutive session on Wednesday as investors worried about the scale of the problems in China’s property sector and braced for a hawkish … Read more

Eurozone slide into recession puts euro at 20-year low

PMI data bolsters European recession expectations Dollar leads after euro hits 20-year low, sterling slips Investors ask how hawkish the Fed will be in Jackson Hole Oil rebounds as Saudis talk production cuts US PMI expected just after Wall Street opens LONDON, Aug 23 (Reuters) – The contraction of the euro zone economy for a … Read more

Asia shares mixed shares, China cuts rates as data disappoints

FILE PHOTO – People walk past an electronic screen showing Japan’s Nikkei stock price index at a conference room in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Join now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei edge higher, S&P 500 futures plunge PBOC lowers key rates, Chinese data sorely lacking in forecasts Eyes … Read more

Australian inflation hits 21-year high, peak yet to come

Q2 CPI rose 1.8% q/q, 6.1% y/y just below forecast Core inflation up record 4.9% YoY vs RBA target of 2-3% RBA seen 50bps rise next week, 75bps less chance SYDNEY, July 27 (Reuters) – Australian inflation hit a 21-year high in the last quarter and is expected to pick up further as food and … Read more