By Carolina Mandl NEW YORK (Reuters) – Global hedge funds posted a solid 2.8% gain in January, but they missed out on the stellar rally that broader stock market indexes posted to start the year[...]
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February 7, 2023
Stocks rise, dollar slips on Powell comments seen as dovish
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – Global equities rose and the dollar fell on Tuesday, reversing earlier moves, as the market perceived comments by the Federal Reserve c[...]
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Brazil’s Campos Neto defends central bank independence amid Lula attacks
BRASILIA (Reuters) -Brazil’s central bank chief Roberto Campos Neto on Tuesday stepped up his defense of the institution’s independence amid mounting criticism from leftist President Luiz[...]
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Dollar drops as Fed’s Powell repeats disinflation comments, seen less-hawkish
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell from one-month highs on Tuesday after U.S. Federal Reserve Chair Jerome Powell doubled down on statements last week that disinfla[...]
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Fed’s Powell says job strength shows inflation fight may last ‘quite a bit of time’
By Lindsay Dunsmuir and Howard Schneider (Reuters) – Friday’s blockbuster jobs report showed why the battle against inflation will “take quite a bit of time,” Federal Reserve C[...]
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U.S. farm incomes seen to fall in 2023, after hitting record highs
By P.J. Huffstutter CHICAGO (Reuters) – U.S. farm incomes this year are expected to fall for the first time since 2019 amid higher production expenses, a drop in direct government payments and a[...]
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ECB cuts interest rate on government deposits
FRANKFURT (Reuters) – The European Central Bank said on Tuesday it would cut the maximum rate it pays on deposits held by governments to give them an incentive to redeploy that cash into the fin[...]
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Instant view: Stocks climb, dollar and U.S. Treasury yields fall as Powell speaks
NEW YORK (Reuters) – U.S. stocks rallied while the dollar and Treasury yields fall as Chair Jerome Powell said the jobs data on Friday showed why the central bank has some ways to go on raising[...]
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Oil surges over 3% as Fed’s Powell eases rate hike concerns
By Stephanie Kelly NEW YORK (Reuters) -Oil prices climbed more than 3% on Tuesday after the head of the U.S. central bank eased market concerns over interest rate hikes, while recovering demand in Chi[...]
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