Key Points
SYDNEY (Reuters) Asian shares hit a three-month peak on Friday as sharp declines in the dollar and U.S. yields extended the Fed-fuelled rally, but pushback on rate cuts from central banks in Europe may deal a blow to the global pivot hopes...
On Wall Street, the Dow Jones climbed to a fresh all-time high and the S&P 500 and Nasdaq made new 2023 highs, as markets wagered on a total of 150 basis points in easing expectations equivalent of six cuts for the Fed next year..
Overnight, a host of Europes central banks stuck to plans to keep policy tight well into next year, dashing any hope that the Feds pivot towards rate cuts marked a global turning point...
Treasuries are, however, still heading for the best week in over a year, with the benchmark 10-year yields down a whopping 30 basis points to below 4% for the first time since July...
Data also showed U.S. retail sales unexpectedly rebounded in November and jobless claims dipped, suggesting the economy is still too strong to justify the kind of rate cuts baked in next year, but markets were too jubilant to see that...
You might be interested in
Dollar gains as traders await Fed signal on rate cuts
13, Dec, 23By Amanda Cooper LONDON (Reuters) -The dollar edged up on Wednesday ahead of the conclusion of a Federal Reserve policy meeting that could offer some insight into when the U.S. central bank will begin
Fed stands alone as ECB, BoE stick with tight policy
15, Dec, 23ECB, Bank of England, and Norway's central bank stick to tight policy, while the Fed signals rate cuts.
Wall Street eyes Apple after Fed-fuelled flop
01, Feb, 24By Marc Jones LONDON (Reuters) - Share markets were in recovery mode on Thursday as investors stuck to bets for sizable cuts in U.S. and European interest rates even if the kick-off dates might now be
Asia shares brace for BOJ meeting, US inflation test
18, Dec, 23By Wayne Cole SYDNEY (Reuters) - Asia stocks got off to a cautious start on Monday in a week where Japan's central bank might edge further away from its uber-easy policies, while a key reading on U.S.
Fed flags end of rate hikes, sees lower borrowing costs in 2024
13, Dec, 23Central bank holds policy rate in 5.25%-5.50% range. Officials see 75 basis points of cuts next year. Fed's 'soft landing' scenario still on the table.
Euro zone yields fall, stock rally takes a breather
05, Dec, 23By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) -Germany's 10-year government bond yield dropped to its lowest in six months on Tuesday and world shares paused around four-month highs as
Stocks in hide and bide mode ahead of Fed decision; oil slumps
13, Dec, 23By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) -World shares killed time on Wednesday ahead of the year's final Federal Reserve policy decision and clues about the timing of next year's rate cuts
Dollar eases as Treasury yields retreat
24, Oct, 23By Saqib Iqbal Ahmed NEW YORK (Reuters) - The U.S. dollar edged lower against a basket of currencies on Monday as U.S. Treasuries erased earlier losses, with 10-year U.S. Treasury yields retreating