MORNING BID ASIA-Optimism rising high, soft landing on track

MORNING BID ASIA-Optimism rising high, soft landing on track

A look at the day ahead in Asian markets. Investors start the new week in ebullient mood after last Friday's U.S. jobs figures kept the soft landing story on track, lowering the dollar...
July 07, 2024 at 05:45 pm EDT
US inflation easing, job market similar to pre-pandemic conditions -Fed report

US inflation easing, job market similar to pre-pandemic conditions -Fed report

Inflation is easing and the job market has returned to the tight but not overheated situation seen before the COVID-19 pandemic threw the U.S. economy into disarray, the Federal Reserve said on Friday...
July 05, 2024 at 11:00 am EDT
Fed rate cut debate in view as U.S. job market cools

Fed rate cut debate in view as U.S. job market cools

A government report showing the U.S. labor market continues to cool could give Federal Reserve policymakers added confidence they are winning their fight on inflation, sparking a more active debate on...
July 05, 2024 at 09:57 am EDT
Fed's Williams:  still 'a way to go' to reach 2% inflation goal

Fed's Williams: still 'a way to go' to reach 2% inflation goal

The Federal Reserve has taken great strides in lowering inflation back down toward its 2% target rate but is still a way from achieving the goal, New York Fed Bank President John Williams said on...
July 05, 2024 at 05:40 am EDT
US employment, wage growth expected to moderate in June

US employment, wage growth expected to moderate in June

U.S. job growth likely slowed to a still-healthy pace in June, with the unemployment rate holding steady at 4%, increasing the chances that the Federal Reserve will be able to tame inflation without...
July 05, 2024 at 12:00 am EDT
Dollar at three-week lows; pound takes UK election in stride

Dollar at three-week lows; pound takes UK election in stride

The U.S. dollar was hovering near three-week lows on Friday ahead of payrolls data that will likely influence the outlook for rates, while the pound was firm as the Labour party looked set to win a...
July 04, 2024 at 10:05 pm EDT
Dax starts trading firmer - US interest rate policy in focus

Dax starts trading firmer - US interest rate policy in focus

Hopes that interest rates in the USA will soon fall supported the German stock market on Thursday. The Dax advanced by 0.3 percent to 18,426 points. The German share index is surfing...
July 04, 2024 at 06:53 am EDT
US weekly jobless claims rise labor market slows

US weekly jobless claims rise labor market slows

The number of Americans filing new claims for unemployment benefits increased last week, pointing to easing labor market conditions. Initial claims for state unemployment benefits rose...
July 03, 2024 at 08:40 am EDT
Euro expected to hold ground despite political tremors

Euro expected to hold ground despite political tremors

The euro will weaken modestly against the U.S. dollar this month before strengthening by year-end, despite financial markets pricing two more European Central Bank interest rate cuts by then,...
July 03, 2024 at 06:38 am EDT
US overnight funding rate hits highest since January

US overnight funding rate hits highest since January

A measure of the borrowing costs on loans between banks and other participants in the U.S. repurchase agreement market hit its highest level since January on Monday, New York Federal Reserve data...
July 02, 2024 at 12:31 pm EDT
Currencies:  the yen and the euro, two currencies under pressure

Currencies: the yen and the euro, two currencies under pressure

When it comes to the top currencies, the Japanese yen is undoubtedly at the top of the list, with record weakness against all G10 currencies. The euro is also in the crosshairs of currency traders,...
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Dollar soars near 38-year yen peak as Trump risk lifts US yields

Dollar soars near 38-year yen peak as Trump risk lifts US yields

The U.S. dollar hovered near an almost 38-year high to the yen on Tuesday following a surge in Treasury yields as investors contemplated the potential for a second Donald Trump presidency. ...
July 01, 2024 at 10:19 pm EDT
Euro rises after France's first-round vote, yen struggles

Euro rises after France's first-round vote, yen struggles

The euro rose on Monday after the first round of France's snap election put the far-right in pole position, though by a smaller margin than projected, while a downgrade to Japan's first-quarter...
July 30, 2024 at 08:44 pm EDT
Dollar is only winner from China-West trade war:  McGeever

Dollar is only winner from China-West trade war: McGeever

The only winner from a possible all-out trade war between the West and China will probably be the U.S. dollar. Uncertainty around global trade policy is the highest since 2018-2019 when...
June 28, 2024 at 12:43 pm EDT
US inflation cools in May; consumer spending rises moderately

US inflation cools in May; consumer spending rises moderately

U.S. prices were unchanged in May while consumer spending rose moderately, a trend that could draw the Federal Reserve closer to start cutting interest rates this year. The flat reading...
June 28, 2024 at 08:40 am EDT
Japan appoints Atsushi Mimura top FX diplomat, replacing Masato Kanda

Japan appoints Atsushi Mimura top FX diplomat, replacing Masato Kanda

Japan's government appointed financial regulation expert Atsushi Mimura on Friday as its top currency diplomat, replacing Masato Kanda who battled sharp yen declines this year with the biggest...
June 27, 2024 at 10:32 pm EDT
Dollar barges past 161 yen and eyes quarterly rise

Dollar barges past 161 yen and eyes quarterly rise

The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen in Asia trade on Friday, ahead of a crucial U.S. inflation reading. ...
June 27, 2024 at 09:27 pm EDT
Asia shares eye five-month winning streak; yen buckles under dollar strength

Asia shares eye five-month winning streak; yen buckles under dollar strength

Asian stocks were headed for a fifth straight month of gains on Friday, bolstered by the growing view that cooling inflation in the United States would allow the Federal Reserve to ease rates later...
June 27, 2024 at 08:54 pm EDT
Core inflation in Japan's capital accelerates in June

Core inflation in Japan's capital accelerates in June

Core consumer prices in Japan's capital rose 2.1% in June from a year earlier, data showed on Friday, accelerating from the previous month as rising fuel bills and the boost to import costs from a...
June 27, 2024 at 07:42 pm EDT
Brazil creates fewer formal jobs than expected in May

Brazil creates fewer formal jobs than expected in May

Brazil's economy created a net 131,811 formal jobs in May, Labor Ministry data released on Thursday showed, falling short of the 200,000 forecast in a Reuters poll of economists. The...
June 27, 2024 at 02:58 pm EDT