By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed little changed on Thursday as news of hotter-than-expected inflation and signs of labor market strength dampened hopes for early interest rate cuts by the Federal Reserve this year, but a fall in Treasury yields kept declines in check. In a choppy session, equities opened higher and …
Wall Street little changed after inflation, labor market data Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -The positive correlation between U.S. stocks and bonds is the strongest in years, if not decades, and whether it lasts hinges on just how the economy touches down this year. There is no clear agreement on how the “hard,” “soft” – or even “no” – landing scenarios are defined, …
US ‘landing’ key to stretched equity/bond correlation: McGeever Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -Global stock indexes were flat to lower on Thursday as data showed U.S. consumer price inflation came in above economists’ expectations in December, raising some doubts that the Federal Reserve will cut rates as soon as some traders expect. Bitcoin rose to a two-year high as several exchange-traded funds …
Stocks flat to down after CPI data; Treasury yields ease Read More »
LONDON (Reuters) – Britain’s competition regulator plans to make big tech companies give their rivals greater access to data and limit them from promoting their own products under new powers it is due to receive from the government, it said on Thursday. The Competition and Markets Authority (CMA) has bolstered its oversight of Big Tech …
UK to make Big Tech give rivals access to data under new plans Read More »
By Jason Lange WASHINGTON (Reuters) – About half of Republicans say the U.S. needs a strong president who is not unduly restrained by courts or Congress, a possible sign of support for Donald Trump’s pitch that if re-elected he should be able to operate with minimal legal constraints, a new Reuters/Ipsos poll found. The week-long …
Many Republicans seek a largely unconstrained president-Reuters poll Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar was down on the day against the euro and the yen on Thursday but off lows reached before data showed that U.S. consumer price inflation came in above economists’ expectations in December, raising some doubts that the Federal Reserve will cut rates as soon as traders expect. …
Dollar down on day, but off lows after hotter than expected inflation Read More »
By Stephanie van den Berg, Anthony Deutsch, Toby Sterling THE HAGUE (Reuters) -South Africa accused Israel on Thursday of carrying out genocide in Gaza and demanded that the U.N.’s top court order an emergency suspension of Israel’s devastating military campaign in the Palestinian enclave. On the first of two days of hearings at the International …
At World Court, South Africa accuses Israel of genocide in Gaza Read More »
By Scott DiSavino NEW YORK (Reuters) – Oil prices gained about 1% on Thursday after Iran seized an oil tanker off the coast of Oman, raising the prospect of escalating conflict in the Middle East. Brent futures rose 61 cents, or 0.8%, to settle at $77.41 a barrel, while U.S. West Texas Intermediate (WTI) crude …
Oil up 1% as Middle East tensions offset US inflation worries Read More »
By Anushree Ashish Mukherjee (Reuters) -Gold eased on Thursday to a one-month low as the dollar ticked higher after hotter-than-expected inflation data, while hawkish remarks from Federal Reserve officials fuelled worries that higher interest rates could stay unchanged beyond March. Spot gold was down 0.1% at $2,024.99 per ounce, as of 2:30 p.m. ET (1930 …
Gold slides on brewing concerns of US rate cuts still far off Read More »
BENGALURU (Reuters) – India’s capital market regulator on Thursday proposed changes in rules for fundraising and disclosure requirements for listed companies, according to a discussion paper on the regulator’s website. A discussion paper is the first step before potential policy changes by the Securities and Exchange Board of India (SEBI) for listed entities, funds, and …
India’s market regulator proposes changes to ease fundraising rules Read More »
