Central banking
European marketplaces close lower as traders observe oil costs, data euro at 20-year minimal
European markets closed reduced Tuesday, with investors digesting a rise in oil selling prices and new financial data out of the euro zone. Resource
Read More
Threat of ‘financial accident’ offers chance for buyers, strategist claims
The rising hazard of a “key financial accident” that triggers a market place capitulation later on in the calendar year could open up up options for investors to “pile up on high-quality hazard property,” according to Conquer Wittman, chairman and spouse at Zurich-primarily based Porta Advisors. With hazards from inflation and an economic slowdown mounting […]
Read More
Citi tasks United kingdom inflation to breach 18% in January as power selling prices skyrocket
Citigroup reported it had identified the trigger of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Pictures Information | Getty Images LONDON — U.K. inflation is on class to exceed 18% in January as the country’s energy selling price cap enters the stratosphere, Citi economists are projecting. In a exploration […]
Read More
Fed expected to stick with hawkish rate hikes until data show further slowing in inflation
The Federal Reserve is unlikely to pivot from its hawkish interest rate hikes despite positive signs this week that inflation in the U.S. could be easing, according to market strategists. On Thursday, the producer price index surprisingly fell 0.5% in July from the prior month, compared with an estimate of a 0.2% gain, according to […]
Read More
Bank of England’s Bailey warns UK faces ‘very big’ inflation shock, defends historic rate hike
LONDON — The Bank of England on Thursday defended its decision to hike interest rates at the fastest clip in 27 years, saying the U.K. faces a “very big” shock to inflation. BOE Governor Andrew Bailey said that the risks of high inflation becoming persistent had risen since the Bank’s previous meeting in June, prompting […]
Read More
Watch Christine Lagarde speak after the ECB surprises markets with larger rate hike
[The stream is slated to start at 08:45 ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference after the bank’s latest monetary policy decision. The ECB, the central bank of the 19 nations that share the euro currency, pushed […]
Read More
Boris Johnson is going, and strategists are betting on big changes to the UK economy
British Prime Minister Boris Johnson makes a statement at Downing Street in London, Britain, July 7, 2022. Henry Nicholls | Reuters LONDON — U.K. Prime Minister Boris Johnson’s eventual successor is likely to bring forth greater fiscal support and less-fractious relations with the European Union, according to economists. Johnson formally resigned as leader of the […]
Read More
Euro continues to slide toward dollar parity — and could fall even further
A financial trader monitors data as a television shows euro currency banknotes at the Frankfurt Stock Exchange in Germany. Martin Leissl | Bloomberg | Getty Images The euro dropped below $1.02 this week, continuing its slide to new 20-year lows and potential parity with the U.S. dollar. The euro traded as low as $1.0165 on […]
Read More
Switzerland surprised markets with a rate hike. But Japan could cause a much more violent reaction
Japan’s national flag flies atop the Bank of Japan building on November 12, 2019 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images Japan’s central bank is nearing an inflection point. It comes as policymakers around the world scramble to tighten monetary policy in an effort to rein in record-high inflation. The Swiss National Bank was […]
Read More
Fed sees ‘more restrictive’ policy as likely if inflation fails to come down, minutes say
Federal Reserve officials in June emphasized the need to fight inflation even if it meant slowing an economy that already appears on the brink of a recession, according to meeting minutes released Wednesday. Members said the July meeting likely also would see another 50- or 75-basis point move. A basis point is one one-hundredth of […]
Read More