Tag Archives: rate hikes

According to Bundesbank President Joachim Nagel, the European Central Bank has a long way to go before it is done with interest rate hikes and it should also start reducing its oversized holding of government debt at the start of next year. “We should start shrinking our bond portfolio at …

The European Central Bank’s (ECB) June 9 monetary policy decision is likely to be a highly significant one, as the central bank is seen signaling its first-rate hike in over a decade. Increasing signs of inflation broadening out in the old continent have compelled the ECB to prepare for a …

Wall Street’s main indexes opened higher on Monday after falling last week, with US-listed Chinese technology stocks rising, boosted by optimism about easing regulatory measures and restrictions imposed to combat COVID-19 in the world’s second-largest economy. The Dow Jones Industrial Average rose 132.34 points, or 0.40 percent, to 33,032.04 points. …

The S&P 500 fell 1.6%, while the Dow Jones Industrial Average shed 350 points, or 1%. The Nasdaq Composite tumbled 2.5%. Meanwhile, the most notable move following the jobs report came from the bond market, with the yield on 10-year Treasury jumping as much as 7 basis points to near …

On Friday, gold is set to achieve weekly gains for the third time in four weeks, as the lack of tangible progress in peace talks between Russia and Ukraine led to a rise in the price of the precious metal, which is considered a safe haven, despite the rise in …

Gold extended gains on Thursday as risk sentiment continues to crash over the military crisis in Ukraine, with the US and allies entering discussions on further energy sanctions against Russia. Gold rose 0.9% to $1,963.48 per ounce; near its highest in two weeks. US gold futures jumped 1.3% to $1,963.50 …

The USD/CHF pair has witnessed a pullback near 0.9340 after a decisive selling pressure from 0.9460 amid renewed fears of ceasefire delay between Russia and Ukraine. The Kremlin reportedly said that news pointing to progress in Ukraine-Russia peace talks was “wrong,” as per Reuters.Earlier, Ukraine officials reported that the negotiators …

US equities traded in choppy, mixed fashion on the final trading day of what has been an indecisive week.The S&P 500 opened 0.5% higher following positive Putin commentary on Ukraine, but skeptical investors have since pared these gains.US equities traded in choppy, mixed fashion on the final trading day of …

Global financial conditions, perceived as strongly correlated with future growth, are at the tightest levels in two years, driven by soaring energy prices, sliding stocks and the market consequences of the Ukraine-Russia conflict.Financial conditions is the umbrella phrase for how metrics such as exchange rates, equity swings and borrowing costs …

San Francisco Fed chair and FOMC member Mary Daly on Wednesday said that it is now time to move away from the Fed’s extraordinary support for the US economy. Daly has added that interest rates will be moving up this year to a level more consistent with where the economy …