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Banking

Fed’s hawkish stance spooks investors, though some say peak rates near

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger Acquire Licensing RightsNEW YORK, Sept 21 (Reuters) - The Federal Reserve’s plans for a prolonged period of elevated interest rates could continue pressuring stocks and bonds in coming months, though some investors doubt the central bank will stick to its guns.The U.S. central bank left interest rates unchanged on Wednesday, in line with market expectations. But policymakers bolstered their hawkish stance with a further rate increase projected by...
Banking

Odd bond calm loosening Fed squeeze

LONDON, Sept 20 (Reuters) - An eerie calm in U.S. Treasuries seems at odds with uncertainty about the end of the harshest tightening cycles in decades - but it's a lifebuoy for wider markets fearful of draining liquidity.Even though 10-year Treasury yields are clocking 15-year highs, visibility on medium-term growth, inflation, oil prices and government debt is foggy and the Federal Reserve remains coy about the precise end of its 18-month rate squeeze - bond market volatility has plummeted over the past month.The closely watched MOVE index (.MOVE) of implied...
Banking

Analysis: Societe Generale vision falls flat as Europe’s banks falter

People walk past a logo of French bank Societe Generale in front of the company's skyscraper at the financial and business district of La Defense near Paris, France September 14, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsLONDON/DUBLIN, Sept 18 (Reuters) - Societe Generale's (SOGN.PA) much-hyped new strategy plans were given a thumbs down by investors on Monday, underscoring uncertainty over European banks as they face a brittle economy.As a year-long boon from interest rate rises fizzles, Europe's big lenders are under a spotlight, with higher rates now upping pressure on...
Banking

European shares ease, with central banks in focus; Lonza drops on CEO exit

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 15, 2023. REUTERS/Staff/File photo Acquire Licensing RightsSocGen shares drop after new strategy flags little growthSwiss drug ingredient maker Lonza's CEO to leave, shares fallNordic Semiconductor at bottom of STOXX on Q3 guidance cutECB's Stournaras urges govts to help tame inflation -reportSTOXX 600 down 0.4%Sept 18 (Reuters) - European shares eased on Monday, after sharp gains last week, as investors braced for a week packed with global central bank meetings, including rate decisions from...
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