Banknotes of Japanese yen are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration Acquire Licensing RightsTOKYO, Nov...
NEW YORK/LONDON, Nov 14 (Reuters) - World stocks soared on Tuesday after U.S. inflation data came in cooler than forecast in October, fuelling investor bets that an era of interest rate rises is over and borrowing costs may even soon start to fall.Data showed U.S. consumer prices were unchanged in October amid lower gasoline prices, while underlying inflation showed signs of slowing. Excluding volatile food and energy components, the CPI increased 0.2% amid higher costs for rental housing. Analysts polled by Reuters had expected a 0.3% gain.By 12:02 p.m. ET...
Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Acquire Licensing RightsLONDON, Nov 13 (Reuters) - The dollar climbed to its highest level in over a year against the Japanese yen on Monday, continuing to draw support from a scaling back of expectations for U.S. Federal Reserve interest rate cuts next year.Japanese Finance Minister Shunichi Suzuki said the government would keep monitoring the currency market and respond appropriately. The comments had little immediate impact on the yen, which is down...