By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are set for an explosive open on Wednesday after a below-co[...]
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June 13, 2023
US stocks end higher as inflation data cements bets on rate hike pause
By Noel Randewich and Shristi Achar A (Reuters) – The S&P 500 and Nasdaq reached their highest closes in 14 months on Tuesday after data showed consumer prices rose modestly in May, boosting[...]
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US consumer price increases slow; underlying inflation sticky
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices barely rose in May and the annual increase in inflation was the smallest in more than two years, though underlying price pressures r[...]
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Dollar skids to three-week low as US inflation data reinforces Fed pause view
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar dropped to a three-week low on Tuesday on news of the smallest annual increase in inflation last month in more than two years, cementi[...]
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Stocks jump, dollar eases as inflation data suggests Fed pause
By Herbert Lash NEW YORK (Reuters) – Global shares rallied and the dollar eased on Tuesday after U.S. consumer price data showed inflation barely rose in May, increasing expectations the Federal[...]
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Oil prices settle more than 3% higher after China rate cut
By Stephanie Kelly NEW YORK (Reuters) -Oil prices climbed over 3% on Tuesday on hopes for growing fuel demand after China’s central bank lowered a short-term lending rate for the first time in 1[...]
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Exclusive-Canada bank regulator says lenders should urgently tackle risks from mortgage extensions
By Nivedita Balu TORONTO (Reuters) -Canada’s financial regulator is urging lenders to tackle risks from mortgage extensions at the “earliest opportunity” as many borrowers try to nav[...]
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BoE’s Bailey says data show labour market ‘very tight’
LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Tuesday that official data published earlier in the day showed the labour market was “very tight”, and added that inflation[...]
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New inflation data tests Fed’s faith in housing slowdown thesis
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials for months have been counting on slower-rising U.S. housing prices to help in their efforts to control inflation, and there a[...]
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