Morning Bid: Mini budget, major turmoil

A look at the day ahead in European and global markets from Anshuman Daga What was meant to be a mini-budget is still thundering across financial markets. While British finance minister Kwasi Kwarteng remarked on Sunday that he was focused on growth, not market moves following the carnage in the pound and bond prices, everyone … Read more

Morning Bid: Contagion stations | Reuters

Sept 27 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever The savage selling that has decimated world markets recently abated somewhat on Tuesday, but the relentless rise in US interest rates and deepening fear of contagion from the British market mayhem loom large. The 10-year US Treasury yield is … Read more

BOJ board agreed must be vigilant to sharp yen moves – July minutes

TOKYO, Sept 28 (Reuters) – Bank of Japan (BOJ) board members agreed that the central bank must scrutinize how the yen’s recent sharp moves could affect inflation, minutes of the BOJ’s July policy meeting showed on Wednesday. One member said the downward pressure on the yen may ease as the global economic slowdown begins to … Read more

Morning Bid: Eye of the storm

Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in US and global markets from Mike Dolan. As Hurricane Ian raged and set its sights on Cuba and Florida, a global financial storm in bond and currency markets calmed moderately – though likely only temporarily. Ian strengthened into a … Read more

“Our currency” and falling knives

People walk past a currency exchange point, showing an image of the US dollar in Cairo, Egypt, March 22, 2022. REUTERS/Mohamed Abd El Ghany/File Photo Register now for FREE unlimited access to Reuters.com Register Sept 26 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever The fear and fragility sweeping … Read more

Morning Bid: Unstable cable | Reuters

US Dollar banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in US and global markets from Mike Dolan. Britain’s gamble to spur growth with unfunded tax cuts into an inflation surge has morphed into a … Read more

APPEC US official rules out secondary sanctions for Russian oil price cap

The oil tanker Minerva Virgo, docked at the oil terminal, is seen after leaving a Russian port around the time that nation invaded Ukraine in late February, since US President Joe Biden on March 8 banned the importation of Russian energy, giving buyers until late April to wind down purchases, as several tankers linked to … Read more

Japan warns against speculative yen moves, markets wary of further intervention

Japan’s Finance Minister Shunichi Suzuki speaks at a news conference after Japan intervened in the currency market for the first time since 1998 to shore up the battered yen in Tokyo, Japan September 22, 2022. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com Register Deeply concerned about rapid, one-sided moves – finmin … Read more

Morning Bit: Pounded | Reuters

Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in European and global markets from Tom Westbrook Sterling’s freefall extended to new lows on Monday as investors emphatically reject British finance minister Kwasi Kwarteng’s program of subsidies and unfunded tax cuts. The pound, the most liquid method for betting … Read more

McDonald’s hikes prices in Japan on higher input costs, weaker yen

Customers are seen through the windows of a McDonald’s store (top) in Tokyo, while others stand in line in front of cash registers, July 22, 2014. REUTERS/Yuya Shino Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept 26 (Reuters) – Japan’s McDonald’s fast food restaurants will raise prices on about 60% of its … Read more