South Korea’s Yoon calls for a sense of urgency in cushioning economic shocks

SEOUL, Sept 30 (Reuters) – South Korean President Yoon Suk-yeol on Friday called for more sense of urgency in dealing with heightened volatility in financial markets and promised to take contingency measures in a timely manner. “We have built a stronger breakwater than in the past in terms of external soundness and already implemented market … Read more

Sterling collapses as investors fly into dollars

Register now for FREE unlimited access to Reuters.com Register Sterling hits record low; risk of BOE response Euro down 1%; Aussie, kiwi, yuan hit multi-year lows S&P 500 futures drop 0.6% SYDNEY, Sept 26 (Reuters) – Sterling slumped to a record low on Monday, prompting speculation of an emergency response from the Bank of England, … Read more

Dollar stands alone as rate hikes rattle stocks

A man on a bicycle stands in front of an electronic board showing Shanghai stock index, Nikkei share price index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan September 22, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register Sterling, euro touch new troughs in early Asia hours S&P … Read more

S.Korea finance minister says more FX stabilizing measures on the way

Register now for FREE unlimited access to Reuters.com Register SEOUL, Sept 25 (Reuters) – South Korea’s finance minister said the government would prepare more measures to stabilize the foreign exchange market, while downplaying the need for a currency swap arrangement with the United States. The measures include utilizing the government’s foreign exchange equalization fund to … Read more

Stocks slump to 2-year low as rates reality bites

A man is silhouetted in front of a board displaying the Japanese yen exchange rate against the US dollar outside a brokerage, 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 Register now for FREE unlimited access … Read more

Dollar towering, stocks cowering as Fed flags more hikes

Register now for FREE unlimited access to Reuters.com Register Cool surprises with aggressive hike projections Dollar/yen breaks 145 as BOJ stays dovish C.bank meetings ahead in Britain, Switzerland and Norway SYDNEY, Sept 22 (Reuters) – The dollar surged to a fresh two-decade high and stocks suffered on Thursday with investors unsettled by the Federal Reserve’s … Read more

Asian stocks sink, yields rise as markets brace for aggressive Fed

Visitors walk past Japan’s Nikkei stock prices quotation board inside a conference hall in Tokyo, Japan September 14, 2022. REUTERS/Issei Kato/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept 21 (Reuters) – Stocks in Asia sank and bond yields were elevated on Wednesday, as investors braced for another aggressive interest rate … Read more

South Korea’s drum-tight job market fuels wage, rate hike pressures

South Korean job seekers wear face masks while maintaining social distance before an exam to avoid the spread of the coronavirus disease (COVID-19), in Seoul, South Korea, April 25, 2020. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register SEOUL, Sept 16 (Reuters) – South Korea’s unemployment rate fell to historic lows in … Read more

European stocks extend losses as slowdown warnings weigh

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 16 (Reuters) – European stocks dipped on Friday and Europe’s benchmark German 10-year bond yield hit its highest since mid-June as investors braced for a US rate hike while warnings from the World Bank and the International Monetary Fund fanned fears of a slowdown. … Read more

US shares rally while oil climbs, dollar dips

Register now for FREE unlimited access to Reuters.com Register US stock indexes rise, Dollar index falls, Euro rises US 10-yr yield rises, crude oil climbs New York, Sept 12 (Reuters) – Wall Street equity indexes closed higher on Monday as some investors bet that August data would show easing US inflation while others were encouraged … Read more