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June 10, 2021

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French and Swiss central banks to trial wholesale digital currencies

Reuters
The Swiss National Bank and the Bank of France will trial Europe’s first cross-border central bank digital currency payments, the banks said on Thursday, a move that will be a first for two of the world’s top currencies. The experiment will focus on the bank-to-bank ‘wholesale’ lending market rather than......

Dollar shuffles higher, shares bask near peaks

Reuters
Markets were in their comfort zone on Tuesday, with world stocks hovering just off record highs, the dollar lifted by upcoming inflation data and the main volatility gauges all looking reassuringly calm. There was some pressure on sterling as the British government considered whether to delay removing most of its......

Asia shares pare gains on caution, oil falls again

Reuters
Asia stocks reversed early gains on Tuesday, with traders sidelined ahead of U.S. inflation data and a European monetary policy meeting this week while oil prices lost more ground on worries over the fragile state of the global recovery. E-mini futures for the S&P 500 index were up 0.07%, while......

Google says supports work to update international tax rules

Reuters
The Google logo is seen on on the company’s European headquarters in Dublin, Ireland, February 27, 2021. REUTERS/Clodagh Kilcoyne/File Photo Google (GOOGL.O) said on Saturday that it supports the work being done to update international tax rules after G7 finance ministers agreed to pursue a global minimum corporate tax of......

Global equities nearly grasp all-time record, dollar drops after U.S. jobs data

Reuters
Global stocks rallied on Friday and closed near all-time highs, and oil and gold rose while the dollar dropped after U.S. jobs data was strong but not as robust as expected, easing investor worries that the Federal Reserve would soon rein in monetary stimulus. U.S. employers increased hiring in May......

Brazil short-term FX rally obscured by reform worries

Reuters
Brazilian Real and U.S. dollar notes are pictured at a currency exchange office in Rio de Janeiro, Brazil, in this September 10, 2015 photo illustration. REUTERS/Ricardo Moraes/File Photo Brazil’s real will likely stay buoyant in the coming weeks but the currency’s medium-term prospects are still obscured by investor worries about......

Asian shares tick up U.S. data bolsters reopening hopes

Reuters
Asian shares edged up to near three-month highs on Wednesday and global equities held steady near a record as data showing higher U.S. manufacturing activity in May cheered investors looking for signs of a continued rebound in the world’s largest economy. U.S. manufacturing activity rose in May, the Institute for......

BOJ has no new tools to directly prop up prices, says board member Adachi

Reuters
A security guard walks past in front of the Bank of Japan headquarters in Tokyo, Japan January 23, 2019. REUTERS/Issei Kato/File Photo Bank of Japan board member Seiji Adachi said on Wednesday he could not think of any new tools the central bank can deploy to accelerate inflation to its......

Australia GDP growth beats f’cast, back to pre-pandemic time

Reuters
People cross a busy street under holiday decorations in the city centre of Sydney, Australia, December 17, 2020. REUTERS/Loren Elliott Australia’s economy extended its rapid recovery in the first quarter as consumers and businesses spent with abandon, lifting output back above where it was last year when pandemic lockdowns tipped......

COVID-19 toll on Indian economy deepens, jobs crisis to worsen: Reuters poll

Reuters
A view shows empty roads during a 14-hour long curfew to limit the spreading of coronavirus disease (COVID-19) in the country, in Ahmedabad, India, March 22, 2020. REUTERS/Amit Dave India’s economic outlook has weakened again, albeit slightly, with worst-case scenario forecasts suggesting the toll from the coronavirus pandemic could be......

Wall Street inches higher as weekly jobless claims dip

Reuters
People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo Wall Street’s main indexes rose on Thursday, helped by gains in industrial and financial shares, after data showing fewer-than-expected weekly jobless claims bolstered hopes of a......

Ten Turkish banks to offer cheaper loans to small businesses

Reuters
Ten private and public Turkish banks will offer loans at an interest rate of 17.5%, lower than the average market rates, to businesses with an annual turnover of less than 10 million lira ($1.18 million), the Turkish treasury said on Wednesday. Only businesses whose revenues in 2020 dropped by 25%......

European stocks stuck at peak as recovery uplift fades

Reuters
European stocks look set to hold around or inch just above current record levels as the initial boost stemming from the region’s V-shaped recovery after the COVID-19 downturn loses momentum, a Reuters poll found. The Reuters poll of 16 fund managers, strategists and brokers surveyed over the past two weeks......

Global property markets ready to soar this year

Reuters
A residential building construction site is seen, amid the outbreak of the coronavirus disease (COVID-19), in Detroit, Michigan, U.S., April 28, 2020. REUTERS/Rebecca Cook Residential property markets in major economies will soar this year on huge monetary and fiscal support and amid a recovery from the pandemic, according to Reuters......

U.S. home prices to keep racing ahead with risks to upside

Reuters
A view of the One World Trade Centre tower and the lower Manhattan skyline of New York City at sunrise as seen from Hoboken, New Jersey, U.S., August 9, 2017. REUTERS/Mike Segar/File Photo U.S. house prices will continue to race ahead this year, at nearly twice the pace predicted just......

UK PMI business survey hits record high as lockdowns ease, prices jump too

Reuters
Commuters walk across the London Bridge during the morning rush hour, amid an outbreak of the coronavirus disease (COVID-19), in London, Britain September 17, 2020. REUTERS/Hannah McKay A gauge of British economic growth hit its highest level on record in May as many services firms reopened their doors and factories......

Indian shares gain as financials rebound, SBI results awaited

Reuters
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, June 29, 2015. REUTERS/Danish Siddiqui Indian shares rose on Friday, helped by a rebound in financial stocks, as investors awaited quarterly earnings results from State Bank of India, the country’s largest lender by......

Canadian house prices to jump this year, but will slow in 2022

Reuters
Single family homes are seen against the skyline of Vancouver, British Columbia, Canada September 30, 2020. REUTERS/Jennifer Gauthier Canadian house prices will rise sharply in 2021, supported by ultra-low interest rates and robust demand driven by massive fiscal support, according to a Reuters poll of analysts who however said risks......

Indian shares pressured by metal sell-off

Reuters
A broker (L) watches a TV news channel as another monitors share prices at a brokerage firm in Mumbai August 9, 2011. REUTERS/Danish Siddiqui/File Photo Indian shares were weighed down by metal stocks on Thursday, after China sought stricter control of commodity markets to curb “unreasonable” increases in prices, sparking......

Bitcoin drops to lowest since Jan; stocks fall before Fed minutes

Reuters
Stock indexes fell globally on Wednesday ahead of minutes from the U.S. Federal Reserve, while cryptocurrencies plunged after regulatory moves from China, with bitcoin dropping to its lowest level since January. Equity investors worry that rising inflationary pressures as evidenced by stronger-than-expected consumer price readings could prompt the Fed to......

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