Morning Bid: This Fed’s not for turning
A look at the day ahead in U.S. and global markets by Mike DolanIf markets had been hoping the Federal...
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European stocks steady as banks offset declines in utilities
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 29, 2023. REUTERS/Staff/File...
Asian stocks slide to lowest this year on rate worries
A passerby walks past an electric monitor displaying various countries' stock price index outside a bank in Tokyo, Japan, March...
Morning Bid: New quarter, same old market dynamics
A man is reflected on an electric monitor displaying a stock quotation board outside a bank in Tokyo, Japan, June 5, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing RightsOct 3 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.Yet another surge in the dollar and U.S. bond yields on Monday suggests the momentum in these assets - which set the tone for markets around the world - is not about to slow down just because the final quarter of the year is underway.If...
Global stock index dips while bond yields, dollar climb
Dow falls, S&P 500 ends flat, Nasdaq advancesOil prices drop with gold, bond yields riseJapan's yen edges toward 150 to...
US manufacturing sector nears recovery; construction spending solid
Manufacturing PMI rises to 49.0 in September from 47.6 in AugustNew orders improve; order backlogs shrink furtherFactory employment increases; prices...
Morning Bid: Markets strap in for PMI data dump
An exit sign is pictured at the Frankfurt stock exchange, January 15, 2015. REUTERS/Kai Pfaffenbach/File photo Acquire Licensing RightsA look...
Morning Bid: US shutdown relief vs mixed China PMIs
A passerby walks past an electric monitor displaying various countries' stock price index outside a bank in Tokyo, Japan, March 22, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing RightsOct 2 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.An early burst of positive sentiment - or relief - after the U.S. Congress agreed a last-minute deal to prevent a partial federal government shutdown could give Asian markets a boost at the open on Monday.But Chinese purchasing managers index data over the weekend, which...
US inflation outlook brightens as underlying price pressures subside
Consumer spending increases 0.4% in AugustCore PCE price index gains 0.1%; up 3.9% year-on-yearPersonal income rises 0.4%; saving rate dips...
Dollar’s smile makes Wall Street frown: McGeever
ORLANDO, Florida, Sept 28 (Reuters) - The 'dollar smile' can be a blessing for Wall Street, or a curse.Right now, with the dollar's boom being driven by a destabilizing surge in U.S. bond yields, heightened uncertainty over global growth and rapidly deteriorating investor sentiment, it is definitely the latter.The gist of the 'dollar smile' theory, floated by currency analyst and now hedge fund manager Stephen Jen 20 years ago, is this: the dollar typically appreciates in good times (booming investor confidence and roaring markets) and bad (times of great financial...