BOE
By Yoruk Bahceli and Amanda Cooper LONDON (Reuters) -Sterling rallied sharply on Thursday, solidifying its position as the best performing major currency of 2024, while UK-focussed stocks rose after the Bank of England cut rates but indicated future cuts may be more gradual than many had thought. The BoE, which…
By Shubham Batra (Reuters) -European stocks jumped on Thursday after the U.S. Federal Reserve delivered a 50-basis-point rate cut and flagged that further easing would be measured, raising hopes of a soft landing for the American economy. The continent-wide index was up 0.7% at 518.24 points, hitting its highest levels…
A look at the day ahead in European and global markets from Kevin Buckland This week, and this month, are once again showing that data is king, with investors parsing recent economic releases for clues on the likely pace of interest cuts at the Federal Reserve and the Bank of…
By Shashwat Chauhan, Jesus Calero and Shristi Achar A (Reuters) -European shares advanced on Thursday with broad-based gains as markets tracked a global upbeat sentiment, while shares of British, Swiss and Norwegian stocks were in focus after their respective central bank decisions. The pan-European ended up 0.9% to hit a…
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street returns from its midweek break to find record high stocks still chomping at the bit, with overseas monetary easing in focus as the Swiss cut interest rates for the second time this year and…
By Amanda Cooper LONDON (Reuters) -Global shares held around record highs on Thursday, supported by investor confidence in the prospect of a drop in U.S. interest rates this year, which also boosted gold, while the pound held steady ahead of a Bank of England meeting later in the day. The…
Investing.com – European stock markets edged higher Monday, rebounding after the previous week’s losses, as investors await a deluge of key economic data and a policy-meeting from the Bank of England this week. At 05:20 ET (09:20 GMT), the in Germany traded 0.1% higher, the in France rose 0.1%, while…
In its report on the global economic outlook, Citi economists said they expect the Federal Reserve (Fed), the European Central Bank (ECB), and the Bank of England (BOE) will all cut interest rates in September. The bank said its forecast aims to balance three key themes: resilient services sectors, persistent…
A look at the day ahead in U.S. and global markets from Mike DolanWorld stock indexes have shaken off a month of doubts to come back within 0.5% of record highs on signs of a loosening U.S. labor market, falling European interest rates and another Hong Kong surge.Wall Street’s wobble…
By Stella QiuSYDNEY (Reuters) -Asian shares were mixed on Thursday but solid Chinese trade data helped China stocks outperform, while the yen stabilised after three days of decline as Japanese authorities hinted at the potential for currency intervention.Europe looked set for a subdued open, with EUROSTOXX 50 futures flat, although…
