TOKYO (Reuters) - The euro hovered near its weakest in a month versus the safe-haven dollar and yen on Wednesday as traders fretted over a potential military conflict in Ukraine and the possibility of accelerated Federal Reserve policy tightening.
Major central banks are preparing to withdraw the excess stimulus measures of the past couple of years.
(Reuters) - Gold fell on Tuesday as the U.S. dollar and Treasury yields gained on expectations of faster U.S. rate hikes, but bullion held above its $1,830 key level as safe-haven assets were still in demand amid escalating tensions over Ukraine.
European stocks opened higher Tuesday after a day of steep losses in Asia as markets waited to hear from Federal Reserve chair Jerome Powell after a two-day policy meeting that ends Wednesday. The possibility of conflict between Russia and Ukraine and concern over coronavirus outbreaks also were adding to uncertainties. France's CAC 40 edged up 1.1% to 6,861.14 in early trading, while Germany's DAX added 0.6% to 15,100.95. Britain's FTSE 100 rose 0.5% to 7,334.99. The future of the Dow Jones Industrial Average was 1.1% lower, while the S&P 500 future fell 1.6%. On Monday, a late buying spree pushed the benchmark S&P 500 index to a 0.3% gain after pulling it out of so-called correction territory a drop of 10% or more from its recent high. The Fed meeting will provide an update on policymakers' latest thinking on the economy and interest rates. Some economists worry the Fed is moving too slowly in tamping down inflation by raising rates that have been kept low for nearly two ...
Shares were mostly lower in Europe and Asia on Monday after Wall Street logged its worst week since the pandemic began in 2020.
Gold prices fell towards previous session's one-week low as the prospect of aggressive rate hikes by the Federal Reserve sent benchmark Treasury yields to two-year highs
Biden will nominate three people for the Federal Reserve's Board of Governors.
The shakiness hitting Wall Street isn't just because the Federal Reserve's money printer that's supporting markets is slowing, but that it may soon go into reverse.
US stocks bounced and Treasury yields retreated in choppy trade as investors absorbed remarks from the Federal Reserve that interest rates are likely to rise this year
The dollar edged higher against a basket of currencies on Monday as recent employment data prompted some Wall Street banks to raise their estimates for Federal Reserve interest rates
The dollar is set to notch up a fifth consecutive weekly gain on the Japanese yen and looks poised to extend the rally
The indices had risen in the previous four sessions on the back of positive macroeconomic indicators
Global stocks and Wall Street futures tumbled Thursday after investors saw minutes from a Federal Reserve meeting as a sign the U.S. central bank might hike interest rates faster to cool inflation. Benchmarks in London and Frankfurt opened down more than 1% while Tokyo lost nearly 3%. Notes from the Fed meeting last month showed policymakers believe the U.S. job market is nearly healthy enough that ultra-low rates are no longer needed. Traders took that as a sign the Fed might be more aggressive about rolling back stimulus that is boosting stock prices. The report bludgeoned the markets by upsetting expectations that earlier Fed plans were locked in, Vishnu Varathan of Mizuho Bank said in a report. In early trading, the FTSE 100 in London lost 1.1% to 7,435.95. Frankfurt's DAX fell 1.4% to 16,046.83 and the CAC 40 in Paris sank 1.6% to 7,255.16. On Wall Street, the future for the benchmark S&P 500 index was off 0.3% and that for the Dow Jones Industrial Average was down 0.2%. On
The minutes, which were released on Wednesday, offered more details on the Fed's shift last month towards a more hawkish monetary policy.
Forceful conditionality is essential to establish financial stability and ensure that IMF's resources do not end up financing capital flight
Liquidity tightening will affect financial assets
Fed Chair Jerome Powell and his colleagues agreed on Wednesday to double the pace at which they wind down their bond-buying program, putting them on track to wrap it up by mid-March
The Federal Reserve said on Wednesday it would end its pandemic-era bond purchases in March and pave the way for three quarter-percentage-point interest rate hikes by the end of 2022.
The Fed's key rate, now pinned near zero, influences many consumer and business loans, including mortgages, credit cards and auto loans.
Powell had said the central bank needed to shift its focus toward preventing higher inflation from becoming entrenched