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Oil Prices Dip ahead of OPEC Meeting

LONDON, Aug 3 Reuters Major developed and emerging market central banks around the globe delivered nearly 1,200 basis points in interest rate hikes in July alone, ramping up their fight against multidecade high inflation with Canada surprising markets with an outsized move. Central banks overseeing five of the 10 most heavily traded currencies delivered 325 […]
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Fed pushback sends rate Expectations USD Higher, JPY Lower

Rates as of 0500 GMT Market Recap Well, I feel vindicated! Several Fed officials echoed my views yesterday, largely reversing market sentiment. First off, former Fed Vice Chair Bill Dudley wrote an opinion piece for Bloomberg News, Wishful Thinking Wont Help the Fed Beat Inflation. Investors have lately become strangely optimistic that the Federal Reserve […]
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European shares slip on mixed earnings, gloomy economic data

Euro zone business activity contracted in July BMW slumps as it warns of difficult second half Commerzbank sees energy and growth 39;clouds39; after Q2 profit beat SocGen up after smallerthanexpected loss STOXX down 0.2 Aug 3 Reuters European shares fell on Wednesday following a slew of mixed earnings from companies, while gloomy business activity data […]
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Indian Rupee Weakens in Afternoon Trade; RBI Policy in Focus

MUMBAI, Aug 3 Reuters The Indian rupee weakened sharply in afternoon trade on Wednesday, as worries over the country39;s worsening external balance were heightened following a record trade deficit, while losses in the domestic stock market also added to the fall. The partially convertible rupee was trading at 79.04 per dollar by 0800 GMT, compared […]
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