Morning Bid: AI buzzes but market shrugs at Nvidia beat
A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market...
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Crushed FX volatility as dollar, finally, subsides
LONDON, Nov 22 (Reuters) - If you were looking for a klaxon to mark the end of the interest rate cycle, a crushing of currency market volatility rings loudly.Deutsche Bank's CVIX (.DBCVIX) - the currency market's version of Wall St's "fear index" of stock volatility and a weighted average of implied "vol" in nine major pairings - has basically imploded.Subdued since mid-year, the CVIX took another sharp leg lower this month and hit its lowest since mid-February 2022 - just before Russia's invasion of Ukraine and the first of the...
Fed shifts into cautious policy mode as risks become more two-sided
WASHINGTON, Nov 21 (Reuters) - U.S. Federal Reserve officials agreed at their last policy meeting that they would proceed "carefully" and only raise interest rates if progress in controlling inflation faltered, the minutes of the Oct. 31-Nov. 1 gathering showed on Tuesday."All participants agreed that the Committee was in a position to proceed carefully," according to the minutes, which appeared to show support for more rate hikes dissipating within the U.S. central bank's Federal Open Market Committee, and the baseline shifting to one in which its benchmark overnight interest rate...
UK finance minister Hunt to make business tax break permanent – reports
Britain's Chancellor of the Exchequer Jeremy Hunt waits for the start of a speech by Prime Minister Rishi Sunak at...
Wall Street dips, gold jumps as Fed minutes reveal cautious policy approach
The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York...
Goldman Sachs execs see steeper Treasuries curve, softer demand
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo Acquire Licensing RightsNEW YORK, Nov 21 (Reuters) - Goldman Sachs (GS.N) expects the U.S. Treasuries curve to steepen in the long term, driven by rising fiscal spending, top executives said."Fiscal spending has not abated. It's strange for us to be spending this much" when employment is high, Ashok Varadhan, Goldman's co-head of global banking and markets, said on a company podcast."It doesn't feel like we're going...
ECB’s Lagarde warns against premature inflation celebration
European Central Bank President Christine Lagarde addresses the European Parliament's Committee on Economic and Monetary Affairs, at the European Parliament,...
Sterling hits 10-week high, BoE officials reiterate higher-for-longer stance
British Pound and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing...
ECB says property slump could last years in threat to lenders
A sign reads "new tenant wanted" in a window of a commercial building in Frankfurt, Germany, July 19, 2023. REUTERS/Kai...
Exclusive: China’s state banks seen swapping and selling dollars for yuan
Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing...
