Today: July 06, 2024
Today: July 06, 2024

Latest From Tom Westbrook

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Asia stocks notch records; pound calm after Labour landslide

Asian share markets scaled new highs on Friday as investors sized up U.S. rate cuts for September and the mood was upbeat, while the euro hit a three-week peak

Asia stocks notch records; pound calm after Labour landslide
Economy

US dollar inches lower as dovish Powell comments offset upbeat jobs data

The dollar slipped on Tuesday in thin, choppy trading after Federal Reserve Chair Jerome Powell struck a moderately dovish tone in his comments,

US dollar inches lower as dovish Powell comments offset upbeat jobs data
Business

Dollar headed for second weekly gain on tempered rates outlook

The dollar headed for a second weekly gain in a row on Friday on signs of resilience in the U.S. economy and caution about rate cuts from central bankers.

Economy

US dollar slightly weaker on diminishing inflation

The U.S. dollar slipped on Friday after data showed inflation in the world's largest economy subsided last month, cementing expectations the Federal

US dollar slightly weaker on diminishing inflation
Business|Economy

Stocks inch up, bond yields dip; inflation data ahead

Global stock indexes edged higher on Thursday, while U.S.

Stocks inch up, bond yields dip; inflation data ahead
Economy

Yen plunges to 38-year low vs dollar as markets brace for Japan intervention

The yen sank to its lowest against the U.S. dollar in nearly 38 years on Wednesday, as wide interest rate differentials between the two economies in

Yen plunges to 38-year low vs dollar as markets brace for Japan intervention
News|Political

Finland, Estonia call for increased defence spending to ward off Russia

Russia's small neighbours on Friday lobbied the West at the Shangri-La Dialogue for arms production, spending and military planning to protect against Russian

Business

Dollar steadies, yen teeters ahead of key US inflation data

The dollar steadied on Wednesday in the wake of more strong U.S. economic data, nudging the Japanese yen closer to a test of levels that drew official market

Dollar steadies, yen teeters ahead of key US inflation data
Business

Stocks hemmed in by rate risks; yuan wobbles

Asian equities climbed on Tuesday but could not break this month's highs as mixed messages from U.S.

Stocks hemmed in by rate risks; yuan wobbles
Business

Asian stocks jump as US sticks to rate cut plan

Asian shares bounced while gold prices and Japan's Nikkei jumped to record highs on Thursday after the U.S.

Asian stocks jump as US sticks to rate cut plan
Business

Dollar droops ahead of payrolls

The dollar headed for its sharpest weekly drop of the year on Friday as Federal Reserve Chair Jerome Powell sounded more confident about cutting interest rates

Dollar droops ahead of payrolls
Business

Asia shares shaky, traders on guard as Japanese inflation tops forecast

Asian shares struggled to advance on Tuesday, with slightly warmer-than-expected Japanese inflation putting investors on guard ahead of price data due in Europe

Asia shares shaky, traders on guard as Japanese inflation tops forecast
Business

Asia stocks struggle even as China slashes rates

Asian shares were pinned below 1-1/2 month highs on Tuesday as even a larger-than-expected interest rate cut in China failed to excite investors jaded at the

Asia stocks struggle even as China slashes rates
Business

New highs for Nikkei, Hong Kong limps to holiday break

Japanese shares hit 34-year highs on Friday and strong earnings had the S&P 500 at record close, while oil prices were set for a sharp weekly rise on Israel's

New highs for Nikkei, Hong Kong limps to holiday break
Business

China stocks bounce loses steam; focus turns to ECB

Asian stocks traded cautiously and bonds fell on Thursday while investors waited on more detail of China's stimulus plans and for a European Central Bank meeting

China stocks bounce loses steam; focus turns to ECB
Business

Nikkei rides high while traders wait on US inflation

Japanese stocks hit a near 34-year high on Wednesday while other Asian equities meandered close to one-month lows and bond markets traded cautiously ahead of U.S

Nikkei rides high while traders wait on US inflation
Business|Economy

US stock changes push FX trades into Asia's 'twilight zone'

A shortening of U.S. stock settlement window next week is expected to upend trading for Asian money managers, pushing some to secure funds in the early hours of

US stock changes push FX trades into Asia's 'twilight zone'
Economy

Dollar steadfast as investors seek 'carry'

The U.S. dollar was set for a second week of broad gains on Friday, with even a rate hike in Japan unable to dislodge it, as investors figure U.S. rates are high

Dollar steadfast as investors seek 'carry'
Economy

Stocks stride past US inflation to milestone highs

Asian shares notched seven month highs on Wednesday, on the back of record peaks on Wall Street, as investors mostly shrugged off slightly hotter-than-expected

Stocks stride past US inflation to milestone highs
Economy

Dollar braces for US inflation reading, yen gains on BOJ comments

The U.S. dollar held firm on Thursday in the lead up to U.S. inflation data that could ruffle the interest rate outlook, while the yen found its footing after

Dollar braces for US inflation reading, yen gains on BOJ comments
Economy

Yen sinks as currency traders keep short and carry on

The yen sagged to fresh lows on the euro, sterling and other crosses this week and headed for a fourth weekly drop on the dollar as investors chased better

Yen sinks as currency traders keep short and carry on
Economy

Dollar eyes monthly gain as markets look to Fed

The dollar headed for its biggest monthly gain since September and the yen for its sharpest drop in nearly a year on Wednesday, as traders waited on a U.S. rates

Dollar eyes monthly gain as markets look to Fed
Economy

Asia stocks see slim weekly gain, await US inflation

Asian stocks were poised to eke out gains for the final full trading week of the year on Friday, while the dollar eyed a loss as investors look to 2024 as a year

Asia stocks see slim weekly gain, await US inflation
Economy

Dollar steadies as stocks slip

The dollar found a footing on Thursday as a sudden end to a strong rally for U.S. stocks had investors looking for safety and as an unexpected fall in British

Dollar steadies as stocks slip
Economy

Yen, Asian stocks in cautious mood ahead of BOJ decision

Asian shares and the yen steadied early on Tuesday as traders' focus turned on Japan's central bank and whether it might edge further away from its ultra-easy

Yen, Asian stocks in cautious mood ahead of BOJ decision

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