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2 months ago | 
gurutrade.com | Stefano Rebaudo |Bernadette Baum |David Evans
Dollar set to snap a 3-day rising streak
Powell's testimony, U.S. consumer prices in focus
Yen drops versus the greenback, euro up
Feb 11 (Reuters) - The U.S. dollar was set to snap a three-day rising streak on Tuesday as markets became increasingly numb to U.S. tariff threats while awaiting testimony from Federal Reserve Chair Jerome Powell later in the day and inflation data on Wednesday.
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Dec 5, 2024 | 
gurutrade.com | Dave Graham |Oliver Hirt |David Evans
ZURICH, Dec 5 (Reuters) - The wealth held by the world's billionaires jumped by about 17% over the past year, as significant gains among the super rich in the United States more than offset a decline in China, Swiss bank UBS said on Thursday.
The UBS Billionaire Ambitions Report for 2024 said the total number of billionaires had risen to 2,682 from 2,544 a year earlier, and their worth to $14 trillion from $12 trillion. In 2015, their total wealth stood at $6.3 trillion.
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Oct 15, 2024 | 
ctrmcenter.com | Rahul Paswan |David Evans
LinkedIn Twitter Facebook Oct 15 (Reuters) – Gold prices held steady on Tuesday, off one-week highs hit in the last session as the U.S. dollar remained near two-month highs, with markets caught between profit-taking and prospects of further rate cuts by the Federal Reserve. Spot gold was up 0.1% to $2,654.40 per ounce at 0833 GMT and U.S. gold futures rose 0.2% to $2,671.10.
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Jan 24, 2024 | 
gurutrade.com | Alun John |Christina Fincher |Alison Williams |David Evans
LONDON, Jan 24 (Reuters) - Euro zone government bond yields dipped on Wednesday as traders digested data showing euro zone business activity contracted again in January while looking ahead to Thursday's European Central Bank meeting.
Germany's 10 year yield, the benchmark for the euro zone was at 2.31%, down around one basis point (bp), retracing some of the previous day's 9 basis point increase which took it to a 7-week high.
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Nov 10, 2023 | 
kitco.com | Balazs Koranyi |Christina Fincher |Tomasz Janowski |David Evans
FRANKFURT, Nov 10 (Reuters) - Euro zone inflation could tick up in the coming months but European Central Bank interest rates held at their current level at least for several quarters could still get price growth back to 2%, ECB President Christine Lagarde said on Friday.
The ECB snapped a streak of 10 straight rate hikes last month and investors now expect the bank's next move to be a cut, perhaps as soon as in April.
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Nov 10, 2023 | 
pressnewsagency.org | Naomi Rovnick |Marc Jones |Dhara Ranasinghe |David Evans
LONDON, Nov 10 (Reuters) – After Hamas’ incursion into Israel on Oct. 7 jolted world markets, an oil surge has reversed, international shares at the moment are broadly flat and bets on a humanitarian disaster spiraling right into a wider regional battle appear to have light.
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Nov 6, 2023 | 
kitco.com | Nell Mackenzie |Dhara Ranasinghe |David Evans
LONDON, Nov 6 (Reuters) - Hedge funds last week "aggressively" bought U.S. stocks at the fastest pace in two years, said a Goldman Sachs note (GS.N), with traders jumping into a stock rally fuelled by hopes that the U.S. central bank rate pause might stick.
Global funds bought up U.S. equities in the week up to Nov. 3, in the largest five-day buying spree since December 2021, according to Goldman's prime brokerage trading desk in a note dated on Friday.
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Nov 3, 2023 | 
kitco.com | Ashitha Shivaprasad |David Evans
Nov 3 (Reuters) - Gold prices gained on Friday and hovered around the key $2,000 mark as U.S. dollar and Treasury yields slipped after a weak U.S. job data cemented expectations that the Federal Reserve is done raising interest rates.
Spot gold ticked up 0.8% to $2,000.64 per ounce by 9:05 ET (1305 GMT), after hitting a session high of $2,003.69. U.S. gold futures rose 0.7% to $2,008.10.
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Oct 24, 2023 | 
kitco.com | Valentina Za |Bernadette Baum |David Evans
MILAN, Oct 24 (Reuters) - Italy's UniCredit (CRDI.MI) on Tuesday beat third-quarter profit forecasts, but kept its full-year income goal unchanged and outlined plans to counter an eventual weakening in the boost from higher interest rates.
Rate hikes have fuelled record bank profits in recent quarters, but uncertainty has risen, with geopolitical risks adding to strains on the economy from persistently high inflation and shrinking lending.
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Oct 24, 2023 | 
money.usnews.com | David Evans
FILE PHOTO: A screen tracks NVIDIA Corp. as a trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2023. REUTERS/Brendan McDermid/File PhotoReutersA look at the day ahead in U.S. and global markets from Mike DolanBig Tech heavyweights Microsoft and Alphabet are set to switch global investors' focus from Monday's bond market bounce, although the latter has improved the market mood considerably ahead of the week's big earnings reports.
