Bank of England won’t make emergency rate hike but will go big on Nov 3

Economists lift peak UK rates forecast after market chaos Median forecast for 75 bps rate hike on Nov 3 BoE intervenes in UK bond markets to restore order LONDON, Sept 30 (Reuters) – The Bank of England won’t raise interest rates before its next scheduled policy announcement on Nov. 3 despite a plunge in sterling … Read more

Hawks and hardliners | Reuters

A look at the day ahead in European and global markets from Vidya Ranganathan The third quarter of 2022 draws to a close with monetary and military hawks prevailing, and financial markets nursing some of the worst setbacks in decades. Russian President Vladimir Putin is set to host a Kremlin ceremony on Friday annexing about … Read more

Japan’s factories boost output for third month in August

August output rises 2.7%, stronger than expected Manufacturers see output up in Sept, Oct Retail sales post y/y rise for the 6th straight month TOKYO, Sept 30 (Reuters) – Japan’s factories ramped up output for a third straight month in August, as the manufacturing sector showed resilience amid high material costs and worries about a … Read more

Wall Street nosedives on mounting economic growth concerns

S&P 500 index back at near two-year lows Airlines, cruises fall on cancellations due to Hurricane Ian CarMax slumps on missing second-quarter expectations Indexes down: Dow 1.54%, S&P 2.15%, Nasdaq 3.05% Sept 29 (Reuters) – Wall Street tumbled on Thursday on worries of a global economic downturn from aggressive central bank policy and fears that … Read more

Fed’s Evans: Market volatility can create restrictiveness

LONDON, Sept 28 (Reuters) – Federal Reserve Bank of Chicago President Charles Evans said on Wednesday that volatility in markets can create additional restrictiveness in financial conditions. Global markets have been whipsawed this week by turmoil in UK markets, already on edge over aggressive rate hikes from the US Federal Reserve and other major central … Read more

Morning Bid: U-turn sparks huge turn

Sept 28 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Investors might not often pay much heed to Vladimir Lenin, but they would surely agree with the Soviet revolutionary’s 1917 observation that: “There are decades where nothing happens; and there are weeks where decades happen.” Take Britain, where a … Read more

Morning Bit: Gimme Shelter | Reuters

A look at the day ahead in US and global markets from Mike Dolan. As the final quarter of an unremittingly dire year for world markets hoves into view, stocks and bonds have now cratered to new lows as central banks keep talking tough and debt strains mount across major economies. The blowup in British … Read more

Morning Bid: Eye of the storm

Register now for FREE unlimited access to 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

Fed officials stare down market volatility, say inflation remains paramount focus

Register now for FREE unlimited access to Register WASHINGTON, Sept 26 (Reuters) – US Federal Reserve officials on Monday sloughed off rising volatility in global markets, from slumping US stocks to currency turbulence abroad, and said their priority remained controlling domestic inflation. Asked at a Washington Post event whether he felt US investors had … 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 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