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May 24, 2022

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European Central Bank member says to expect first rate hikes this summer

CNBC
CNBC – For more and to sign up click here Joachim Nagel, Germany’s central bank governor and ECB member, shares his latest thoughts on inflation and the possibility of rate hikes in the euro zone. Bloomberg | Bloomberg | Getty Images The ECB will soon hike rates for the first......

European shares rebound, China rate move helps sentiment

Reuters
LONDON, May 20 (Reuters) – Shares rebounded on Friday after China cut a key lending benchmark to support its economy, though a global equities gauge remained set for its longest weekly losing streak on record amid investor worries about slowing growth and high inflation. China cut its five-year loan prime......

Column: Europe fills gas storage at record rate as Asia’s buyers step aside: Kemp

Reuters
A general view of the WINGAS gas storage facility near the northern German town of Rehden January 7, 2009. REUTERS/Christian Charisius Register now for FREE unlimited access to Reuters.com Register LONDON, May 17 (Reuters) – Europe’s gas inventories are rebuilding after winter at the fastest rate on record as the......

ECB to hike deposit rate 25 bps in July, ditch negative rates by end-Sept: Reuters poll

Reuters
European Central Bank (ECB) headquarters building is seen in Frankfurt, Germany, March 7, 2018. REUTERS/Ralph Orlowski Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 17 (Reuters) – The European Central Bank is expected to raise the deposit rate for the first time in over a decade in......

How to calculate your own personal inflation rate amid rising prices

CNBC
CNBC – For more and to sign up click here Inflation dropped slightly in April, yet it’s still close to a 40-year high, with consumer prices rising at an annual rate of 8.3%. Rising costs for housing, food, airfares and new cars were the biggest contributors to that key gauge......

Analysis: Traders ready for wilder swings as rate rises stoke volatility

Reuters
A specialist trader works on the floor of the New York Stock Exchange, August 21, 2015. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register LONDON/NEW YORK, May 13 (Reuters) – Traders in the world’s largest markets are having to navigate wild intra-day swings and shrinking deal sizes......

North Korea Says 6 Dead as Covid-19 Spreads at an ‘Explosive’ Rate

New York Times
New York Times – For more and to sign up click here ​SEOUL — The coronavirus has been spreading across North Korea “at an explosive rate” since late last month, killing six people and leaving 187,800 people in quarantine, the country’s state media reported on Friday. The country’s health officials......

Wall Street falls on rate hike worries

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 11, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Tapestry jumps after upbeat Q3 results Indexes down: Dow 0.72%, S&P 0.53%, Nasdaq 0.12% May 12 (Reuters) – Wall......

Two or three rate hikes this year appropriate -ECB’s Holzmann

Reuters
European Central Bank policymaker and Austrian National Bank (OeNB) Governor Robert Holzmann attends a news conference in Vienna, Austria December 2, 2019. REUTERS/Leonhard Foeger Register now for FREE unlimited access to Reuters.com Register ZURICH, May 7 (Reuters) – The European Central Bank should hike interest rates as many as three......

Black unemployment rate falls to pandemic-era low in April

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CNBC – For more and to sign up click here Pedestrians walk past the New York Stock Exchange in New York. John Taggart | Bloomberg | Getty Images The unemployment rate for Black Americans dipped to a pandemic-era low in April, marking a new milestone in the labor market recovery......

Wall St tumbles again as strong jobs growth fuels rate hike fears

Reuters
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 5, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Under Armour tumbles on dismal 2023 profit outlook Indexes down: Dow 1.14%, S&P 1.34%, Nasdaq 1.56%......

Indian shares post worst week since November on concerns over rate hikes

Reuters
A man looks at a screen displaying news of markets update inside the Bombay Stock Exchange (BSE) building in Mumbai, India June 20, 2016. REUTERS/Danish Siddiqui Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 6 (Reuters) – Indian shares closed over 1% lower on Friday and registered......

Wall Street tumbles as investors fret over bigger Fed rate hikes

Reuters
Dow drops more than 1,000 points Nasdaq ends at lowest level since Nov. 30, 2020 Traders raise bets on 75 bps rate hike in June Twitter one of few stocks in positive territory Indexes fall: Dow 3.12%, S&P 3.56%, Nasdaq 4.99% May 5 (Reuters) – U.S. stocks ended Thursday sharply......

Bank of England chief defends cautious rate hiking cycle, sees unprecedented shock to people’s income

CNBC
CNBC – For more and to sign up click here Bank of England Governor Andrew Bailey. Simon Dawson | Bloomberg via Getty Images LONDON — Governor Andrew Bailey has sought to defend the Bank of England’s cautious approach to monetary tightening, saying policymakers are considering the wider picture of an......

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