Currencies

Japan inflation-adjusted wages rise for two straight months in July

Japan's inflation-adjusted wages rose for two consecutive months in July thanks to a bump in summertime bonuses, government data showed on Thursday. Real wages in the world's...

Reports of dollar's demise are greatly exaggerated, JPMorgan says

Suggestions that the dollar's dominance of the global financial system is ending are wide of the mark, JPMorgan said on Wednesday, despite some dramatic signs of change in commodity markets and...

Japan's service activity extends gains in Aug, PMI shows

Japan's service-sector activity extended gains in August, a private sector survey showed on Wednesday, thanks to an uptick in overseas sales despite a darkening global outlook. The final...

US construction spending falls more than expected in July

U.S. construction spending fell more than expected in July as higher mortgages and increased supply weighed on single-family homebuilding. The Commerce Department's Census Bureau said on...

Swiss franc carry trade comes fraught with safe-haven rally risk

As investors turn to the Swiss franc as an alternative to Japan's yen to fund carry trades, the risk of the currency staging one of its rapid rallies remains ever present. The Swiss...

Asia shares steady, dollar firm before jobs test

Asian share markets got off to a quiet start on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether a rate cut expected this month will be...

US consumer spending picks up; inflation rises moderately in July

U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-percentage-point interest rate cut from the...

U.S. home prices forecast to rise modestly as Fed cuts rates - Reuters poll

U.S. home prices will rise relatively modestly this year and next despite tight supply and expected U.S. Federal Reserve interest rate cuts, according to housing analysts polled by Reuters who said...

Exclusive-Russia payment hurdles with China partners intensified in August, sources say

Some Russian companies are facing growing delays and rising costs on payments with trading partners in China, leaving transactions worth tens of billions of yuan in limbo, Russian sources with direct...

Bring on the rate cuts

A look at the day ahead in European and global markets from Rae Wee Global investors can't wait to be done and dusted with August and usher in the new month with a bang, one that's all...

Interest rate fantasies lift Dax to all-time high - 19,000 ahead

The champagne corks are popping again on the stock markets: The prospect of monetary easing sent the Dax soaring on Thursday. The leading German index surpassed its best mark from...

Stock markets firmer ahead of Nvidia - Dax takes aim at record

The Dax is heading for a new all-time high. The leading German index rose by 0.7 percent to 18,819 points on Wednesday morning. In mid-May, the stock market barometer had set its record...

French judges to decide on next step in Durov probe

French investigative judges are due to decide later on Wednesday whether to place Russian-born Telegram boss Pavel Durov under formal investigation following his arrest as part of a probe into...

Fed most likely to cut rates by quarter percentage point next month, Daly says

San Francisco Federal Reserve President Mary Daly on Monday said the time is upon us to cut interest rates, likely starting with a quarter-percentage point reduction in borrowing costs.    Asked if...

US core capital goods orders dip in July

New orders for key U.S.-manufactured capital goods unexpectedly fell in July and data for the prior month was revised lower, suggesting a loss of momentum in business spending on equipment that...

Analysis-As US rate cuts near, economic 'soft-landing' odds could dictate stock performance

With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out whether the soft landing narrative that has helped drive...

Analysis-BOJ shows how action matters more than hawkish signs

For academics and policymakers gathered at the U.S. Federal Reserve's annual Jackson Hole economic conference to debate how central banks can affect market perceptions on the course of monetary...

Brazil's Campos Neto says markets perceiving less monetary intervention

Brazil's central bank chief Roberto Campos Neto said on Saturday that recent volatility may be showing the market is pricing in less room for fiscal and monetary intervention in the future. ...

Fed mortgage bond holdings play 'central' policy rule, paper says

Federal Reserve holdings of mortgage bonds play a central role in how monetary policy affects the economy's momentum, academics wrote in a paper to be presented at a central bank research conference...