Month: April 2022

Dollar pause, China economy support pledge lift markets

LONDON, April 29 (Reuters) – A dollar pullback from 20-year highs and Chinese authorities’ pledge to support economic growth offered respite to battered equity markets on Friday, though Wall Street remained poised to open lower after lacklustre earnings from retail giant Amazon. World stocks remain on course for their worst month since March 2020 with […]
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Sterling falls to 21-month low vs dollar amid growth worries

LONDON, April 26 (Reuters) – Sterling held near its lowest levels since 2020 on Tuesday against a broadly firm dollar, with worries about Britain’s economic outlook exacerbated by latest debt numbers and fears that COVID-19 restrictions in China will hurt world growth. Sterling was down 0.6% at $1.2660 at 1430 GMT, after falling to its […]
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Oil dives 6% as Shanghai lockdowns stoke demand fears

NEW YORK, April 25 (Reuters) – Oil slumped about 6% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged COVID-19 lockdowns in Shanghai and potential increases in U.S. interest rates. In Shanghai, authorities have erected fences outside residential buildings. In Beijing, many people have […]
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BoE’s Mann sees risk of persistent above-target inflation

LONDON, April 21 (Reuters) – Bank of England Monetary Policy Committee member Catherine Mann said on Thursday that she sees a risk that current high inflation will persist next year, even if consumer demand weakens. Mann was part of a minority of BoE policymakers who voted for a half-percentage point increase in interest rates in […]
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Analysis: Yen’s past points to more pain ahead

SINGAPORE, April 20 (Reuters) – The yen has tumbled 10% to a two-decade low to the dollar in a matter of weeks. But history suggests that still isn’t cheap, and investors are betting that it’s going to fall even further. The drop, precipitous for a major currency in the $6.6-trillion-a-day global foreign exchange market, has […]
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European stocks down, yen hits 20-year low as US hikes loom

LONDON, April 19 (Reuters) – European shares were lower on Tuesday, while yields on 10-year U.S. inflation-linked bonds were close to turning positive for the first time in two years, as the prospect of aggressive Fed tightening to rein in inflation kept investors on edge. Investors were also preparing for the next barrage of company […]
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