Morning Bid: A window into the Fed’s thinking
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023....
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Analysis: US stock market technicals suggest possible rebound as earnings, CPI loom
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023....
Dollar loses steam ahead of Fed meeting minutes, US inflation test
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3,...
Morning Bid: Fed pivot begins to crystallize
Oct 11 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.A slump in U.S. bond yields, after another Federal Reserve official signaled that the central bank's interest rate-hiking cycle is over, will put Asian markets on a positive footing on Wednesday, despite renewed stress in China's property sector.Investors in the region also have key Japanese business activity indicators and South Korean current account figures on their plate on Wednesday, and there will no doubt be headlines coming from the IMF and World...
US bank profits set to rise on higher rates while Wall Street lags
NEW YORK, Oct 10 (Reuters) - Profits at the biggest U.S. consumer lenders are likely to rise in the third quarter, in contrast with investment banks still facing a dealmaking slump, analysts said.JPMorgan Chase (JPM.N), which kicks off earnings for big U.S. lenders Friday, will set the tone for large banks. It is predicted to post a roughly 25% jump in earnings per share (EPS) versus a year earlier, LSEG estimates showed.Goldman Sachs (GS.N) and Citigroup (C.N) are expected to report the biggest EPS declines of 35% and 26% respectively,...
IMF says global economy ‘limping along,’ cuts growth forecast for China, euro area
Global growth forecast unchanged at 3.0% in 2023Inflation dropping but 'not quite there yet'-IMF chief economistIMF raises U.S. forecast, cuts...
IMF says ‘weak tail’ of banks could struggle in an economic downturn
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo Acquire Licensing RightsWASHINGTON, Oct 10 (Reuters) - Around 5% of banks globally are vulnerable to stress if central bank interest rates remain higher for longer, despite the easing of turmoil in the sector in recent months, the International Monetary Fund (IMF) said on Tuesday.A further 30% of banks - including some of the world's largest - would be vulnerable if the global economy enters a period of low growth...
Sterling falls versus dollar but not far from 1-1/2 week high
Pound notes and coins are seen inside a cash register in a bar in Manchester, Britain September 6, 2017. REUTERS/Phil...
Surging bond yields add to Canadian homeowners’ mortgage pain as renewals loom
TORONTO, Oct 7 (Reuters) - The roughly 75,000 Canadian homeowners awaiting mortgage renewal notices next month are bracing for a shock interest rate jump due to a surprise rise in global bond yields, which will further squeeze already tight household budgets.In Canada, homeowners can take out five-year mortgages, unlike in the U.S. where customers can snag a 30-year mortgage. This means many Canadians who locked into sub 2% fixed-rate mortgages five years back are preparing for renewal letters with a steep rise in interest rates, made worse by the bonds...
Canadian dollar rallies as jobs data lifts rate hike bets
A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23,...
