By Marc Jones LONDON (Reuters) – A total of 130 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half in advanced development,[...]
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June 28, 2023
Nasdaq edges up, S&P 500, Dow decline slightly; more Fed rate hikes in focus
By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – The Nasdaq managed a small gain on Wednesday with support from megacap stocks while the S&P 500 and the Dow closed lower afte[...]
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US banks shrug off turmoil to ace Fed’s annual health checks
By Pete Schroeder WASHINGTON (Reuters) -Big U.S. banks sailed through the Federal Reserve’s annual health check on Wednesday, in a vote of confidence for a sector still recovering from turmoil e[...]
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ECB’s Centeno sees monetary policy pausing soon
LISBON (Reuters) – The European Central Bank is close to being able to pause the trajectory of rising interest rates so as not to harm the stagnant euro zone economy, ECB Governing Council membe[...]
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Factbox-Big banks stand strong against Fed’s commercial real estate gloom
By Michelle Price WASHINGTON (Reuters) – Big U.S. banks’ commercial real estate portfolios put in a surprisingly good performance during the Federal Reserve’s annual health checks, w[...]
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Marketmind: Cold reality of ‘higher for longer’ sets in
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The cold reality of ‘higher for longer’ interest rates that c[...]
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South Korea’s services companies most optimistic in nine months
SEOUL (Reuters) – Confidence among South Korea’s services sector firms has continued to improve, with their outlook for July the most optimistic in nine months, but manufacturers turned a[...]
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Digital banking in Italy’s industrial heartland at over 75% – BOI
MILAN (Reuters) – More than three-quarters of the population in Lombardy, Italy’s largest and most industrialized region, banked online last year, compared with the national average of 63%[...]
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Nasdaq ends up, dollar strengthens as Powell hints at more rate hikes
By Stephen Culp NEW YORK (Reuters) – The Nasdaq Composite Index closed higher and the dollar rebounded on Wednesday as Federal Reserve Chair Jerome Powell suggested two more interest rate hikes[...]
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