Dollar Pauses ahead of Fed Minutes, US Yield Moves Weigh

LONDON, Oct 11 Reuters The dollar was broadly flat against major currencies, as traders trained their sights on the release of Federal Reserve minutes later on Wednesday and a key inflation print the next day for hints on the future path for interest rates. U.S. Treasury yields continued to slide, pinning the dollar close to […]
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Deutsche Bank Strategists Recommend Equity Overweight into 2024

LONDON, Oct 10 Reuters Strategists at Deutsche Bank have recommended an overweight in equities into 2024, as risks are now well reflected in the market and those are about to turn into opportunities. We anticipated weaker growth, disappointing beats in earnings and disappointing central bank communication into Q3, Deutsche Bank strategists, led by Maximilian Uleer, […]
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Gold Rally Loses Steam as Yields Edge Up, Stocks Rebound

Gold recorded its biggest daily jump since early May on Monday U.S. 10year Treasuries rally on safetybid and dovish Fed High U.S. yields 39;kryptonite39; for gold analyst Oct 10 Reuters Gold prices edged down on Tuesday after clocking a sharp rise in the last session as risk sentiment improved and bond yields rebounded, while investors […]
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BoE Warns that some Global Asset Valuations Appear Stretched

LONDON, Oct 10 Reuters The Bank of England said on Tuesday that valuations for some financial assets may be too high, particularly for U.S. tech stocks and dollardenominated corporate bonds. The overall risk environment continues to be challenging and nearterm growth prospects remain subdued, the BoE39;s Financial Policy Committee FPC said after a quarterly meeting. […]
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Bank of England to Review how it Stress Tests Banks

LONDON, Oct 10 Reuters Britain39;s banking system is well capitalised to withstand shocks the Bank of England said on Tuesday, adding that next year39;s annual health check of major lenders will dispense with bankbybank results while a stocktake of stress testing takes place. The BoE has been testing the resilience of banks such as Barclays, […]
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