News

May 20 (Reuters) – Oil prices fell on Friday as investors worried that weakening global economic growth and tighter central bank monetary policy could curb a recovery in fuel demand. Brent futures for July fell 59 cents, or 0.53%, to $111.45 a barrel by 0648 GMT, while U.S. West Texas Intermediate (WTI) crude for June […]

LONDON, May 19 (Reuters) – Sterling climbed to a two-week high against a weaker dollar on Thursday, winning a respite for now from the soaring inflation and murky growth outlook that has weighed on sentiment towards the British currency. In another volatile day of trading, sterling touched its highest level since May 5 at $1.25130, […]

LONDON, May 18 (Reuters) – A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed. European shares were mostly lower and futures on Wall Street pointed […]

May 17 (Reuters) – Euro zone government bond yields extended their rise while money markets ramped up rate-hike expectations on Tuesday, after European Central Bank official Klaas Knot signalled a 50-basis-point rate increase was possible in July. Meanwhile, investors turned to risky assets away from safe-haven bonds on optimism about an easing in China’s crackdowns […]

LONDON, May 16 (Reuters) – Sterling fell on Monday as weak Chinese economic data added pressure on risky currencies, while investors scaled down their expectations for Bank of England interest rate rises this year. Risk-sensitive sterling has fallen 10% against the dollar this year as the war in Ukraine, rising inflation, poor domestic economic growth […]

SINGAPORE/HONG KONG, May 13 (Reuters) – Cryptocurrencies nursed large losses on Friday, with bitcoin trading near $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets. Crypto assets have also been swept up in broad selling of risky investments on worries about high inflation and rising […]

OTTAWA, May 12 (Reuters) – The Bank of Canada’s policy rate, at 1%, is “too stimulative” given soaring inflation and interest rates may need to go above neutral because parts of the economy have become less sensitive to increases, an official said on Thursday. Deputy Governor Toni Gravelle, speaking to economists in Montreal, also said […]

LONDON, May 11 (Reuters) – Oil rose on Wednesday after plunging nearly 10% in the last two sessions, buoyed by supply concerns as the European Union works on gaining support for a Russian oil embargo and flows of Russian gas to Europe through a key transit point in Ukraine dried up. The EU has proposed […]

OTTAWA, May 10 (Reuters) – Faced with runaway inflation, Canada’s central bank has taken the rare step of providing guidance on the path of interest rates, as it aims to keep expectations anchored while it unwinds stimulus in an overheating economy. But economists say the strategy – a version of the “forward guidance” used during […]

LONDON, May 9 (Reuters) – Stocks fell heavily again on Monday and the dollar rocketed to a new two-decade high as worries about higher interest rates and a tightened lockdown in Shanghai deepened investors’ fears that the global economy is rapidly heading for a slowdown. After a bruising session on Friday in which U.S. stocks […]