LONDON (Reuters) – JPMorgan’s analysts said on Friday they were maintaining the investment bank’s “bearish view” on the Japanese yen after Friday’s move by the Bank of Japan (BOJ) to make its key yield curve control policy more flexible. In a research note, the analysts said that while the yen could rise “to some degree…
By Francesco Canepa FRANKFURT (Reuters) -Two European Central Bank policymakers on Friday raised the prospect of an end to the ECB’s steepest and longest string of interest rate rises, as the outlook for the euro zone economy worsened despite stubbornly high inflation. The ECB increased borrowing costs for a ninth consecutive time on Thursday but…
By Samuel Indyk LONDON (Reuters) – Investors flocked to stocks and bonds in the week to Wednesday, Bank of America global research said in a report on Friday citing EPFR data. Ahead of policy announcements from the Federal Reserve, European Central Bank and Bank of Japan, there was a $13.8 billion inflow to stocks and…
By Jesús Aguado MADRID (Reuters) -BBVA’s second-quarter net profit rose 24% against the same period last year on higher lending income in Mexico, its main market, and Spain, a trend the lender expects to continue this year, offsetting some weakness in Turkey. The Spanish bank also announced a 1 billion euro ($1.1 billion) share buyback…
By Nafisa Eltahir (Reuters) – In early May, a loud explosion rocked Shambat, a neighborhood to the north of Sudan’s capital of Khartoum. Locals rushed to douse the flames devouring a makeshift dwelling that they say was ignited in an air strike. They were too late. Amid the smoldering debris, according to five witnesses, were…
By James Oliphant WASHINGTON (Reuters) – As Republican Ron DeSantis attempts to reset his flagging presidential campaign, one fundamental feature of the Florida governor’s candidacy remains constant: his willingness to antagonize corporate America over cultural and political issues. DeSantis last week ordered Florida officials to open a probe into the company that owns Bud Light…
BRUSSELS (Reuters) – Euro zone economic sentiment declined for a third consecutive month in July and by more than expected as the mood in industry, services and amongst consumers slipped, while inflation expectations continued to fall, data showed on Friday. The European Commission’s monthly survey showed economic sentiment in the 20 countries sharing the euro…
A look at the day ahead in U.S. and global markets from Mike Dolan The Bank of Japan added its own twist to a week of rising central bank interest rates on Friday, and it proved an unlucky 13 for Dow Jones bluechips on Wall St. The BOJ’s long-awaited tweak of its ultra-easy bond-buying monetary…
BERLIN (Reuters) – German inflation looks set to ease slightly in July, data from four economically key German states indicated. Compared with the same month last year, July inflation rates in Saxony, Baden-Wuerttemberg and Bavaria were down 0.1 percentage points from the year-on-year figures reported in June, coming in at 6.7%, 6.8% and 6.1%, respectively….
By Bernard Orr and Yimou Lee BEIJING/TAIPEI (Reuters) -Typhoon Doksuri swept into southern China on Friday, unleashing heavy rain and violent gusts of wind that whipped power lines and sparked fires, uprooted trees, and ripped off part of a stadium roof. The typhoon is the most powerful to make landfall in China this year and…
