Hedge Funds Shake Up Euro Zones 10Tn Govt Bond Market

Hedge funds dominate eurozone government bond trading, data show Account for two thirds of trading in Italy39;s bonds data Funds favour shortterm strategies, debt auctions, sources say Hedge funds can pull out at any time posing a stability concern LONDON, March 19 Reuters Hedge funds are piling into  the euro zone39;s 10 trillion government bond […]
Read More

US SingleFamily Housing Starts, Permits near TwoYear Highs

Singlefamily housing starts surge 11.6 in February Singlefamily building permits increase 1.0 Completions soar 20.2; houses under construction up 0.3 WASHINGTON, March 19 Reuters U.S. singlefamily homebuilding rebounded sharply in February, hitting the highest level in nearly two years, boosted by mild temperatures and a persistent shortage of previously owned houses on the market. Despite […]
Read More

Central Banks Use AI to Assess ClimateRelated Risks

LONDON, March 19 Reuters Central bankers said on Tuesday they have broken new ground by using artificial intelligence to collect data for assessing climaterelated financial risks, just as the volume of disclosures from banks and other companies is set to rise. The Bank for International Settlements, a forum for central banks, the Bank of Spain, […]
Read More

European Patent Applications Hit Record High in 2023

March 19 Reuters The European Patent Office EPO received a record number of patent applications last year, with the biggest share of fillings coming from the United States, Germany, Japan and China, the office39;s register showed on Tuesday. The office said it received 199,275 applications in 2023, 2.9 more than a year ago. China39;s Huawei […]
Read More

Oil Stays nearFour Month High, Russia Export Uptick Weighs

LONDON, March 19 Reuters Oil prices were largely steady on Tuesday near fourmonth highs after breaking above rangebound trading last week, but the prospect of rising exports from Russia capped gains amid Ukrainian attacks on refineries. The Brent crude oil futures contract for May delivery was up 10 cents to 86.99 a barrel at 1320 […]
Read More

Sterling Jumps vs Yen after BOJs Radical Policy Shift

LONDON, March 19 Reuters The pound slipped against the dollar and the euro on Tuesday, and jumped against the yen, after the Bank of Japan39;s decision to ditch negative interest rates after eight years. Sterling was last down 0.45 at 1.2672, while the euro rose 0.1 against the pound to 85.54 pence. Against the yen , sterling […]
Read More

U.S. Empire State Manufacturing Index Notable Declines, U.S. Consumer Confidence Slightly Drops with Inflation Expectations Unchanged, BTC Suffers, USD sees Strength

Previous Trading Days Events 15.03.2024 U.S. consumer sentiment and inflation expectations were a little bit changed in March. However, it is notable that the overall Consumer Sentiment Index came down to 76.5 this month, compared to a final reading of 76.9 in February, according to the University of Michigans preliminary reading. Consumers perceived few signals […]
Read More

C Hits 3Month Low as CPI Surprise Lifts Rate Cut Bets

Canadian dollar weakens 0.5 against the greenback Touches its weakest since Dec. 12 at 1.3609 Canada39;s annual inflation rate cools to 2.8 Bond yields fall across the curve TORONTO, March 19 Reuters The Canadian dollar weakened to a threemonth low against its U.S. counterpart on Tuesday as coolerthanexpected domestic inflation data bolstered expectations of the […]
Read More