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October 22, 2021

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U.S. stock options traders see smooth sailing as Fed taper looms

Reuters
Morning sunlight falls on the facade of the New York Stock Exchange (NYSE) building in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar/ NEW YORK, Oct 22 (Reuters) – Options traders are showing little fear that U.S stocks will turn volatile in coming weeks, even......

EXCLUSIVE UK public’s inflation expectations rocket to record high: GfK

Reuters
People shop at market stalls, with skyscrapers of the CIty of London financial district seen behind, amid the coronavirus disease (COVID-19) pandemic, in London, Britain, January 15, 2021. REUTERS/Toby Melville/Files LONDON, Oct 22 (Reuters) – A record proportion of the British public thinks inflation will accelerate over the next 12......

EXCLUSIVE BOJ discussing phasing out pandemic support as economy reopens – sources

Reuters
Businessmen wearing protective face masks walk on a pedestrian bridge, amid the spread of the coronavirus disease (COVID-19), in a business district in Tokyo, Japan June 24, 2020. REUTERS/Issei Kato Markets expect extension of scheme’s March deadline Decision on pandemic loan programme due Dec at earliest Some fret of cost......

U.S. regulators to unveil blueprint to tackle financial climate risks

Reuters
WASHINGTON, Oct 21 (Reuters) – A top U.S. regulatory panel is scheduled on Thursday to unveil recommendations for ensuring the financial system can withstand risks created by climate change, a development that could ultimately lead to new rules and stricter oversight for Wall Street. The report by the Financial Stability......

U.S. consumer spending beats expectations; inflation still hot

Reuters
People wearing protective masks shop at Macy’s Herald Square following the outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York City, New York, U.S., December 26, 2020. REUTERS/Jeenah Moon Consumer spending increases 0.8% in August Income rises 0.2%; saving rates falls to 9.4% Core PCE price......

Analysis: ‘Perfect storm’ lifts dollar over unsettled markets

Reuters
A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File Photo NEW YORK, Oct 1 (Reuters) – A grinding rally in the dollar is picking up speed, fueled by a hawkish tilt from the Federal Reserve, rising Treasury yields and concerns over the......

Myanmar currency trade turns to online groups on Facebook amid crisis

Reuters
Myanmar banknotes are seen during an illegal exchange inside a house in Yangon, Myanmar, September 24, 2021. Picture taken September 24, 2021. REUTERS/Stringer Oct 1 (Reuters) – As Myanmar’s economic slump deepens after February’s military coup and parts of its financial system freeze up, many in the strife-torn country are......

Equity, bond funds see inflows as markets hit rough patch – BOFA

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 29, 2021. REUTERS/Brendan McDermid LONDON, Oct 1 (Reuters) – Global equity and bond funds saw modest inflows at the expense of cash and gold funds even as global markets hit a rough......

Asian stocks extend global slide as inflation fears bite

Reuters
A man wearing a protective mask, amid the COVID-19 outbreak, is reflected on an electronic board displaying stock prices outside a brokerage in Tokyo, Japan, September 21, 2021. REUTERS/Kim Kyung-Hoon Asia-Pac stocks fall 1% after decline on Wall St overnight Concerns about inflation-growth outlook send bonds higher Gold in demand,......

S&P 500, Dow tumble as Wall Street heads for monthly losses

Reuters
A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., September 17, 2019. REUTERS/Brendan McDermid/File Photo S&P 500 set to snap seven-month winning streak Indexes down: Dow 1.25%, S&P 0.86%, Nasdaq 0.30% Sept 30 (Reuters) – The S&P 500 and the......

Analysis: From chips to ships, shortages are making inflation stick

Reuters
A gas burner is pictured on a cooker in a private home in Bordeaux, soutwestern France, December 13, 2012. REUTERS/Regis Duvignau Analysts still view price pressures as temporary But watching supply, worker shortages closely U.S. seen more at risk from wage-induced inflation LONDON, Sept 30 (Reuters) – Soaring gas prices,......

Japan e-commerce giant Rakuten to list online bank

Reuters
The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam Nussey/File Photo TOKYO, Sept 30 (Reuters) – Japanese e-commerce firm Rakuten Group Inc (4755.T) said on Thursday it is preparing to list its online banking unit, raising funds as it soaks up......

S&P 500, Dow gain amid inflation concerns, debt ceiling debate

Reuters
Dow top gainer, boosted by Boeing Fed Chair Powell expresses frustration over supply chain woes Indexes: Dow up 0.26%, S&P rises 0.16%, Nasdaq off 0.24% NEW YORK, Sept 29 (Reuters) – Wall Street ended firmer on Wednesday in a partial rebound from the previous day’s broad sell-off, with remarks from......

Powell: “Tension” between jobs, inflation is the chief challenge facing Fed

Reuters
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch/Pool via REUTERS Sept 29 (Reuters) – Resolving “tension” between high inflation and still-elevated unemployment is......

Boston Fed’s first look at digital U.S. dollar nearly done, official says

Reuters
A U.S. dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Sept 29 (Reuters) – The first phase of a multi-year research project the Boston Federal Reserve is doing with the Massachusetts Institute of Technology on the technology that could be used for a digital......

Evergrande set to miss second offshore bond coupon payment this month, sources say

Reuters
Some Evergrande bondholders had not received coupon on Wednesday Evergrande was facing Wednesday deadline for $47.5 mln payment Company sold $1.5 billion stake in Shengjing Bank Shares in Evergrande rise as much as 17% HONG KONG, Sept 29 (Reuters) – At least some of China Evergrande’s offshore bondholders had not......

Myanmar currency drops 60% in weeks as economy tanks since February coup

Reuters
People line up outside a bank to withdraw cash, in Yangon, Myanmar May 13, 2021. REUTERS/Stringer Sept 29 (Reuters) – Myanmar’s currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices in an economy that has tanked since a military......

Myanmar currency drops 60% in weeks as economy tanks since February coup

Reuters
People line up outside a bank to withdraw cash, in Yangon, Myanmar May 13, 2021. REUTERS/Stringer Sept 29 (Reuters) – Myanmar’s currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices in an economy that has tanked since a military......

Wall St tumbles on weak consumer sentiment, rising bond yields

Reuters
A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. REUTERS/Eric Thayer/File Photo Mega-cap tech names drag S&P 500, Nasdaq lower Ford rises on $11.4 bln investment with SK Innovation Indexes drop: Dow 1.48%, S&P 1.98%, Nasdaq 2.73%......

Two Fed officials depart amid scrutiny over investment trades

Reuters
WASHINGTON, Sept 27 (Reuters) – Two Federal Reserve officials who came under scrutiny for investment trades they made last year announced their retirements on Monday, in a controversy that has already sparked a planned review of the Fed’s ethics rules. Dallas Fed President Robert Kaplan said he will retire on......

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