Great reset unfolding for commodities. Can China, Fed stop it?
Commodities are in a great reset, indicated by gold’s roughly 30% rise vs. a similar decline in the Bloomberg Commodity Spot Index since Russia invaded Ukraine.
Sterling Eases to ThreeWeek Low, US Rate Expectations Shift
Sept 9 Reuters The pound touched a near threeweek low versus the dollar on Monday as traders unwound bets of a supersized U.S. rate cut next week and awaited readings on the domestic economy that could dictate expectations around UK interest rates. Sterling fell 0.42 to 1.30745 its weakest since Aug. 21. Most major currencies […]
Rupee may Dip on Risk Aversion; Fed Uncertainty Persists
MUMBAI, Sept 9 Reuters The Indian rupee is likely to open weaker on Monday, tracking the decline in Asian equities and currencies fuelled by U.S. slowdown worries. The 1month nondeliverable forward indicated that the rupee will open at 83.9783.98 to the U.S. dollar compared with 83.9475 in the previous session. The rupee for a large […]
Dollar Steadies, Yen Slips as Traders Grapple with Fed RateCut Outlook
SINGAPORE, Sept 9 Reuters The dollar recovered some lost ground on Monday while the yen pared its safehaven gains, as investors who were undecided on the scale of a Federal Reserve rate cut expected later this month looked to this week39;s U.S. inflation data for more clues. In China, data showed consumer prices accelerated in August to […]
Gold Prices Subdued as Traders await Fed Rate Outlook Cues
Traders see 75 chance of 25 bp cut this month China39;s cenbank held back on buying gold for 4th straight month U.S. CPI data on Wednesday Sept 9 Reuters Gold prices edged lower as the dollar firmed on Monday, while investors awaited the U.S. inflation print to firm up bets on the size of a […]
Londons FTSE 100 Rebounds amid Broad Gains; Entain Soars after Upbeat Forecast
FTSE 100 up 0.6, FTSE 250 adds 0.4 Travel and leisure stocks lead broad gains Entain tops FTSE 100 after upbeat online revenue forecast Labour market data due in the week Sept 9 Reuters London39;s FTSE 100 rebounded from six sessions of declines on Monday, amid broader gains led by travel and leisure stocks after […]
Hedge Funds Flock to Japan as Market Heats Up
Japan hedge funds grow while region shrinks Funds raise cash even after Aug. 5 market crash Rising rates to benefit longshort funds managers HONG KONG, Sept 9 Reuters Japan has emerged as a standout in Asia39;s subdued 400 billion hedge fund sector, drawing fund launches while other regions suffer closures in an indicator that wild […]
Europe Shares Bounce Back after Worst Weekly Performance in more than Year
STOXX 600 up 0.6 Entain up after beginning H2 ahead of expectations Adidas falls after Barclays downgrades rating Sept 9 Reuters European shares began the week on a positive note after the benchmark index saw its worst day in more than a year on Friday, while investors await a slew of economic data and expect […]
Liberty Global to Complete Sunrise SpinOff in Q4
ZURICH, Sept 9 Reuters Liberty Global will spin off its Swiss telecoms operator Sunrise to shareholders in the fourth quarter of 2024, it said on Monday. Liberty Global, set up by U.S. cable pioneer John Malone, had previously said it would spin off Sunrise on the SIX Swiss Exchange in the second half of the […]
Indias GMR Airports Raises Stake in Delhi Airport to 74 as Germanys Fraport Exits
BENGALURU, Sept 9 Reuters India39;s GMR Airports Infrastructure said on Monday it increased its stake in the main airport in New Delhi to 74, by buying out Frankfurt Airport operator Fraport39;s 10 interest in a deal worth 126 million. The Airports Authority of India AAI will continue to hold its 26 stake in Delhi International Airport Ltd […]