Gold Slumps Below $1,800 as Fed Fears Resurfacea
Gold prices sank below key levels on Tuesday, with metal markets back under pressure as stronger-than-expected U.S. data boosted the dollar and ramped up uncertainty over strength in the U.S. economy and how the Federal Reserve will respond to it. The dollar rose for...
Asia FX Rallies on China Reopening, Yuan at Over 4-Mth High
Most Asian currencies shot up on Monday, with the Chinese yuan hitting a four-month high after the country reopened its international borders, while hopes of a less hawkish rhetoric from the Federal Reserve also weighed on the dollar and supported regional units. The yuan...
Dow Futures Tick Higher After Indices Post Their Worst Week Since June
US. stock futures were trading slightly higher during Sunday’s evening deals, after major benchmark indices posted their greatest weekly losses in 3 months, with investors remaining cautious amid persistent inflation fears ahead of Federal Reserve’s two-day meeting and rate decision later this week.
By 19:10...
Asia FX Mixed as Fed Caution offsets Optimism Over Slowing Inflation
Most Asian currencies kept to a tight range on Wednesday in anticipation of an interest rate hike and more cues on monetary policy from the Federal Reserve, although sentiment was somewhat lifted by softer-than-expected U.S. inflation data. Most regional units rose on Tuesday after...
European Stocks Edge Higher; German Industrial Production Impresses
European stock markets edged higher Monday, with sentiment boosted by China’s decision to fully reopen its borders as well as stronger-than-expected German industrial production. At 03:45 ET (08:45 GMT), the DAX index in Germany traded 0.3% higher, the CAC 40 in France gained 0.2%...
At least $1 billion of client funds missing at failed crypto firm FTX : Report
At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. The exchange's founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Research, the people...
U.K. Unemployment Rose Less Than Feared in December
The U.K. labor market stayed stronger than expected in December, with the number of benefit claimants rising only moderately. At the same time, wage growth in November, the last month for which data are available, grew more strongly than expected, rising 6.4% on the...
GM Wants U.S. Treasury to Reconsider tax Credits for Cadillac Lyriq EV
General Motors said Friday it wants the U.S. Treasury to reconsider classification of GM's electric Cadillac Lyriq to allow it to qualify for federal tax credits. The Treasury and Internal Revenue Service did not classify the Lyriq as an SUV, meaning its retail price...
Dow Futures Dip After Positive Week
U.S. stock futures were trading lower during Sunday’s evening trade, after major benchmark indices finished the holiday shortened week higher as investors proved optimistic amid potentially smaller interest rate hikes from Federal Reserve policymakers. By 6:36pm ET (11:36pm GMT) Dow Jones Futures were down...
US DOLLAR CLINGS TO GAINS AS BETS ON FURTHER FED HIKES FIRM
THE Dollar Fought For A Footing In Choppy Trade On Thursday With Support From Upbeat U.S. Data And Hawkish Policymaker Comments While The Prospect Of Higher Energy Prices Helped Exporters’ Currencies And Weighed On Those Of Importers.
The dollar rose 1% on the euro and...