PLCY

Stock bounce fades and the dollar gains as growth fears return

LONDON, May 18 (Reuters) – A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed. European shares were mostly lower and futures on Wall Street pointed …

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UK inflation hits 40-year high of 9.0%, squeezing households harder

UK April inflation rate likely highest in G7 Household energy bills drive up inflation Anti-poverty campaigners demand government action Inflation likely to rise further LONDON, May 18 (Reuters) – British inflation surged last month to its highest annual rate since 1982, pressuring finance minister Rishi Sunak to offer more help for households and the Bank …

UK inflation hits 40-year high of 9.0%, squeezing households harder Read More »

S.Korea c.bank chief says big-step rate hikes a possibility

The city skyline of Incheon is pictured early morning in an aerial view south of Seoul, South Korea, January 21, 2018. REUTERS / Fabrizio Bensch Register now for FREE unlimited access to Reuters.com Register SEOUL, May 16 (Reuters) – The South Korean central bank chief’s comment that he could consider big-step interest rate raises in …

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Stocks, oil slip as dire China data feed recession fears

Traders are seen in front of a screen with trading figures in red at Thailand Stock Exchange building in Bangkok, Thailand March 13, 2020. REUTERS / Juarawee Kittisilpa / Files Register now for FREE unlimited access to Reuters.com Register Asian stock markets: China retail sales dive 11.1%, output drops 2.9% Nikkei pares gains, S&P 500 …

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US consumer sentiment approaches 11-year low, monthly import prices unchanged

Consumer sentiment index falls 9.4% to 59.1 in May Import prices unchanged in April, up 12.0% year-on-year WASHINGTON, May 13 (Reuters) – US consumer sentiment slumped to its lowest level in nearly 11 years in early May as worries about inflation persisted, but household spending remains underpinned by a strong labor market and massive savings, …

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Crypto world stabilizes, bitcoin rallies after stablecoin slide

Bitcoin hits intra-day high above $ 30,000 TerraUSD collapse shakes crypto market Analysts say impact on traditional markets limited HONG KONG / LONDON / NEW YORK, May 13 (Reuters) – Cryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called …

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Asian shares quarter weekly losses, dollar steady near 20-year highs

A man holding an umbrella looks at an electronic stock quotation board outside a brokerage in Tokyo April 7, 2015. REUTERS / Issei Kato Register now for FREE unlimited access to Reuters.com Register MSCI Asia ex-Japan + 1.8%, Nikkei + 2.64% European shares set for stronger open Worries over inflation, tightening policy remain Dollar hovers …

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Shares churn, close down; yields fall after US inflation data

NEW YORK, May 11 (Reuters) – Wall Street stocks closed sharply lower and Treasury yields fell in Wednesday’s volatile session as oil prices rallied and investors worried about the potential for an economic slowdown. US equity indexes hadtraded higher and lower during the volatile session as investors picked through US inflation data for clues about …

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US inflation simmers, worst of price gains likely behind

People carrying shopping bags walk inside the King of Prussia shopping mall, as shoppers show up early for the Black Friday sales, in King of Prussia, Pennsylvania, US November 26, 2021. REUTERS / Rachel Wisniewski Register now for FREE unlimited access to Reuters.com Register Consumer prices increase 0.3% in April CPI rises 8.3% year-on-year, first …

US inflation simmers, worst of price gains likely behind Read More »