The European Central Bank will first cut interest rates in June, according to a near two-thirds majority of economists in a Reuters poll, though they were split on the chances of the cut coming earlier or later than they expected.
-The dollar tracked toward monthly gains on Thursday as European inflation data trickled in and ahead of highly-anticipated U.S. data, while the sliding yen made back some ground after a policymaker hinted at the need to exit ultra-easy policies.
Gold prices kept to a tight range in Asian trade on Thursday, with traders remaining on the sidelines in anticipation of key U.S. inflation data that is expected to factor into the path of interest rates. The yellow metal was also pressured by overnight comments from Federal Reserve officials that the bank needed to do…
SINGAPORE/LONDON (Reuters) – Bitcoin was on track for its biggest monthly gain in more than three years on Thursday and within sight of a record high, propelled by cash rushing into exchange-traded funds.
The United States has sent Turkey draft letters of offer and acceptance regarding its request to buy Block-70 F-16 fighter jets and modernisation kits, Turkey’s defence ministry spokesperson said on Thursday.
Asian stocks eased on Wednesday in cautious trading ahead of a U.S. inflation reading this week that could influence the timing of the Federal Reserve’s easing cycle, while the New Zealand dollar fell after the central bank softened its hawkish stance.
Most Asian currencies moved in a flat-to-low range on Wednesday, while the dollar strengthened as markets positioned for more cues on the U.S. economy and interest rates due later in the week.
Gold prices moved in a flat-to-low range on Wednesday, extending their recent run of muted performance as anxiety over higher-for-longer U.S. interest rates persisted ahead of key economic readings.
If you believe the options market, the world’s major currencies are going nowhere fast this year. A world of rapidly re-routed trade, political standoffs, pivotal elections, sparky inflation and widening growth gaps between G7 nations – it might reasonably be seen as an ideal incubator for volatility in major currencies.
A corporate governance makeover has helped fuel the revival of Japan’s once-moribund stock market. Now investors want to see if the change is for real. The Nikkei index shattered its all-time high last week, topping a level not seen since the December 1989 asset bubble – and continues to gain ground.
