Markets are trading flat in anticipation of Fed Chairman Powells speech. FOMC comments and hints of future policy changes could also shape the dollar over the coming months. Market observers are once again cautiously waiting for a change in the tone of commentary following solid labour market data, record growth in manufacturing activity and a […]

TOKYO, April 28 Reuters Japanese shares rose on Wednesday, led by technology stocks, although gains were capped by concerns about corporate outlook, while investors awaited a decision by the U.S. Federal Reserve and President Joe Bidens address to Congress. The Nikkei share average inched up 0.29 to 29,075.62 by 0208 GMT, while the broader Topix […]

TOKYO Reuters A consortium led by global private equity firm Bain Capital will buy all the shares of Hitachi Metals Ltd for 817 billion yen 7.5 billion, Hitachi Ltds metals subsidiary said on Wednesday. For Hitachi, which currently owns 53 of Hitachi Metals, the deal is the latest divestiture in a decadelong business overhaul to […]

SYDNEY, April 28 Reuters The Australian dollar slipped on Wednesday after surprisingly soft inflation data argued for super loose policy for years to come, though surging commodity prices helped limit losses. The Aussie fell 0.3 to 0.7740 and away from resistance at 0.7815. Support comes in around 0.7735 and 0.7695. The New Zealand dollar followed […]

LONDON, April 28 Reuters Sterling edged lower to the dollar on Wednesday as the greenback strengthened across the board ahead of the Federal Reserve meeting later in the day. The dollars strength is likely to be transitory, analysts say, as the U.S. central bank is widely expected to maintain its policy settings and Fed Chairman […]

April 28 Reuters Euro area bond yields tracked Treasury yields higher on Wednesday, ahead of the close of the U.S. Federal Reserves policy meeting later in the session. While no major policy changes are expected at the meeting, investors will pay close attention to Chairman Jerome Powells comments for further insight into the banks thinking […]

Rates as of 0500 GMT Note The USD and CAD indices are not updating. Market Recap Note Im having problems gauging exactly whats happening in the market as Deutsche Banks USD and CAD tradeweighted indices arent updating. I use those because theyre the only series that I can get that are built in a consistent […]

LONDON, April 28 Reuters British retailers are likely to have to put prices up due to Brexit costs and a global rise in shipping rates and commodity prices, a trade body warned on Wednesday. The British Retail Consortium, which represents major highstreet stores, said prices in April were 1.3 lower than a year earlier, compared […]

SHANGHAI, April 28 Reuters Global securities index publisher MSCI Inc on Wednesday said it has launched 20 thematic indexes to help domestic and international investors bet on megatrends in China that are aligned with the Chinese governments strategic policy goals. MSCI said it designed its first suite of countryspecific thematic indexes to better enable investors […]

SYDNEY, April 28 Reuters Australian consumer prices rose by much less than expected in the first quarter partly due to government subsidies for home building, while a very tame reading for core inflation suggested monetary policy would stay super loose for a long time to come. The consumer price index rose 0.6 in the March […]