LONDON, June 10 Reuters Sterling fell on Friday against the U.S. dollar and was set for a second consecutive week of declines as Britain39;s gloomy economic outlook left investors on edge. The pound slipped 0.35 versus the dollar to 1.2454 pence, not far from a threeweek low touched earlier this week. Financial markets are pricing […]

BENGALURU, June 10 Reuters Indian shares fell more than 1 on Friday and posted their biggest weekly loss in a month as investors shunned risky assets on worries that aggressive interest rate hikes by global central banks would stifle economic growth. Dragged down by losses in financial and technology stocks, the NSE Nifty 50 index ended […]

Rare joint statement from BOJ and govt on yen Japanese currency bounces off 20year lows vs dlr Eurodollar heads lower before U.S. CPI data LONDON, June 10 Reuters The Japanese yen jumped on Friday after the government and the central bank in a rare joint statement expressed concern about its recent slide to hit twodecade […]

June 10 Reuters U.S. bond funds witnessed massive outflows in the week to June 8 after a weekly inflow, as a betterthanestimated payrolls report made the case for a faster pace of interest rate hikes. According to Refinitiv Lipper data, investors withdrew 7.61 billion out of U.S. bond funds after the purchases of 7.09 billion […]

LOS ANGELES, June 9 Reuters Walt Disney Co Chief Executive Bob Chapek announced a major leadership shift on Thursday, promoting Dana Walden to chairman of general entertainment content as the company works to build its streaming television efforts. Walden replaces veteran Hollywood executive Peter Rice, who is leaving Disney. Both executives joined Disney in 2019 when […]

Rates as of 0500 GMT Market Recap The longawaited European Central Bank ECB meeting was probably the worstpossible outcome for the ECB. The EUR fell, stock markets fell, rates rose, and peripheral European spreads over German bonds widened. The ECB made several important announcements Net purchases under the Asset Purchase Programme APP will end on […]