Search Mark
Home / Industry Dynamics

Exclusive: ECB Policymakers Converging On 25-bps Rate Hike In May

WASHINGTON, April 13 (Reuters) – European Central Bank policymakers are converging on a 25 basis point interest rate hike in May, even if other options remain on the table and the debate is not yet settled, according to five sources with direct knowledge of the discussion.

The ECB has raised rates by at least 50 basis points each at six successive meetings — the fastest pace on record — to fight stubbornly high inflation. But a host of factors now support the case for increased caution, the sources, who declined to be named, told Reuters.

Full coverage: REUTERS

Dollar Drops To Two-Month Low On Cooling U.S. Inflation

LONDON/SINGAPORE, April 13 (Reuters) – The dollar fell to a two-month low on Thursday after data showed U.S. inflation slowed sharply in March, bolstering hopes that the Federal Reserve’s rate-hiking campaign is either already finished or will be by May.

Figures released on Wednesday showed that consumer price index (CPI) inflation came it at 5% year-on-year in March, down from 6% in February.

Yet core inflation – which strips out volatile food and energy prices – picked up to 5.6%, from 5.5% the previous month.

Full coverage: REUTERS

Oil Stable As Market Weighs Tight Supply Against U.S. Recession Risk

LONDON, April 13 (Reuters) – Oil prices were stable on Thursday as the market weighed the prospect of tight supply against possible recession in the United States, the world’s largest oil consumer.

Brent crude fell 7 cents, or 0.08%, to $87.26 a barrel by 0935 GMT. U.S. West Texas Intermediate (WTI) was unchanged at $83.26.

Both benchmarks had risen 2% on Wednesday to their highest in more than a month as cooling U.S. inflation spurred hopes that the U.S. Federal Reserve will stop raising interest rates.

Full coverage: REUTERS

Stocks And Gold Cheer U.S. Inflation Picture, While Dollar Slides

LONDON, April 13 (Reuters) – Global shares rose on Thursday, while the dollar held near two-month lows after U.S. inflation data suggested the Federal Reserve may soon be finished raising interest rates, which in turn kept gold above $2,000 an ounce.

The euro hit a 2-1/2 month high at $1.103. Investors are positive on Europe, where blue-chip stocks (.STOXX50) hit a two-decade peak on Wednesday, and reckon Europe’s central bankers will need to be more hawkish longer than their U.S. counterparts to rein in rising prices.

Full coverage: REUTERS

Morning Bid: Euro(pe) Is On A Roll

A look at the day ahead in European and global markets from Tom Westbrook.

The euro emerged as the clearest winner of slowing U.S. inflation and a watchful Fed. The common currency climbed 0.7% on Wednesday and was still going at $1.10 in the Asian morning.

It is up seven weeks in a row – the longest winning streak since the latter stages of 2020 when the dollar was falling and global markets were in a stimulus-soaked euphoria.

Full coverage: REUTERS

Share to

Industry Dynamics

Japanese Developers Seek U.S. Mergers And Acquisition 

Today’s News  Three major Japanese developers are actively pursuing opportunities to acquire housebuilders in the United States, seeking growth outside their shrinking domestic market.   Daiwa House, Sekisui House, and Sumitomo Forestry are aggressively exploring potential targets, with intentions of possible acquisitions in the U.S. market. Four M&A bankers and lawyers familiar with the matter […]

2023-12-4 | Industry Dynamics

Weekly Economic Calendar For December 4th, 2023 – December 9th, 2023

Weekly Economic Calendar For December 4th, 2023 – December 9th, 2023.

2023-12-1 | Industry Dynamics

Dow Hits 2023's Highest Close Amidst Bond Rally

Today’s News In an impressive display, U.S. stocks accomplished their most remarkable monthly performance in over a year, catapulting the Dow Jones Industrial Average to a peak for the year on Thursday. This surge, alongside a substantial bond rally, marked a significant turnaround after enduring three consecutive months of decline.  The latest data from the […]

2023-12-1 | Industry Dynamics