Jul 28, 2023
EU stress test shows three banks falling short

By Huw Jones and Tom Sims LONDON/FRANKFURT (Reuters) - Three banks from the European Union failed to meet binding capital requirements in a stress test that saw a theoretical 496 billion euros ($546 billion) wiped from their buffers, the bloc's…

Jul 28, 2023
Mexican peso hits 7-1/2 year high vs dollar, further gains eyed

MEXICO CITY (Reuters) -Mexico's peso on Friday hit its highest level against the dollar since early December 2015, as the greenback lost steam after a slowdown in U.S. inflation bolstered the case for the Federal Reserve to end its interest…

Jul 28, 2023
Softening inflation props up U.S. consumer sentiment

By Safiyah Riddle (Reuters) - Diminishing inflation pushed consumer sentiment to the highest in nearly two years, a closely watched survey showed on Friday. The University of Michigan's final index of consumer sentiment came in at 71.6 in July, down…

Jul 28, 2023
Global central banks begin policy shift as inflation cools

By Howard Schneider, Francesco Canepa and Leika Kihara WASHINGTON/FRANKFURT/TOKYO (Reuters) -Top central banks continued with another round of interest rate hikes this week despite cooling inflation, but have now switched to a more cautious posture about further moves in a…

Jul 28, 2023
Big central banks hike again with end of tightening in sight

LONDON (Reuters) - Major central banks are tentatively eyeing the end of aggressive interest rate hikes as price pressures finally show signs of abating. Inflation remains high across the globe, but in some big economies has cooled faster than expected.…

Jul 27, 2023
US dollar rises as strong data push against dovish policy narrative

By Laura Matthews NEW YORK (Reuters) - The dollar strengthened against the euro on Thursday, after better-than-expected U.S. economic data continue to foil investors' expectation for relatively dovish monetary policy from the Federal Reserve. A recent string of strong data…

Jul 27, 2023
Oil settles above April peak on tighter supply

By Laura Sanicola (Reuters) -Oil settled higher Thursday, with Brent crude topping $84 a barrel for the first time since April, supported by supply tightness following OPEC+ production cuts and renewed bullishness on the outlook for Chinese demand and global…

Jul 27, 2023
ECB fans talk of September pause after raising rates to 23-year high

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank raised interest rates for the ninth consecutive time on Thursday, but raised the possibility of a pause in September as inflation pressures show tentative signs of easing and…

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