Sterling Rises to SixMonth High against the Yen

LONDON, April 28 Reuters Sterling on Friday climbed against the yen to its highest in almost six months after the Bank of Japan left its ultraeasy monetary policy unchanged, sparking a broadbased drop in the Japanese currency. The yen fell against major currencies from the dollar to the euro after the BOJ decision, even as it […]
Read More

Gold Slips on Firmer Dollar, Spotlight on Fed Meeting

Dollar up 0.2 Fed likely to raise rate by 25 bps on Wednesday JPM buys substantial majority of First Republic Bank39;s assets May 1 Reuters Gold prices eased on Monday as the U.S. dollar held firm, with cautious traders awaiting the Federal Reserve39;s interest rate hike decision later this week. Spot gold fell 0.5 to […]
Read More

German Inflation Expected to Ease in April

BERLIN, April 28 Reuters Inflation looks set to ease in Germany in April on the back of lower food and energy prices, preliminary data from six economically important regional states showed on Friday. The inflation rate in Brandenburg fell to 7.6 yearonyear, and in BadenWuerttemberg it fell to 7.3. It slowed to 6.9 in Hesse […]
Read More

China Factory Activity Unexpectedly Shrinks in April

Manufacturing PMI 49.2 in April vs 51.9 in March Nonmanufacturing PMI 56.4 vs 58.2 in March BEIJING, April 30 Reuters China39;s manufacturing activity unexpectedly shrank in April, official data showed on Sunday, raising pressure on policymakers seeking to boost an economy struggling for a postCOVID liftoff amid subdued global demand and persistent property weakness. The […]
Read More