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USD/JPY remains on track to end week flat below 109.00
USD/JPY fluctuates in a relatively tight range on Friday. US Dollar Index consolidates daily gains around 92.00. 10-year US T-bond yield is staying calm above 1.7% after earlier spike. The USD/CAD pair edged lower during the European trading hours but didn't have a tough time reversing its direction
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Silver stays well supported above $26.00, still stuck within bearish flag
Spot silver has remained well supported above the $26.00 level on Friday. XAG/USD has been consolidating with a bearish flag these past few weeks, implying a bearish breakout is very possible. Spot silver prices (XAG/USD) have been nudging higher on the final trading day of the week and have, for th
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Bank demand for Treasuries in focus after Fed ends regulatory break
March 19 (Reuters) - Investors will be closely watching demand for U.S. government securities in the coming months after the Federal Reserve declined to extend pandemic-related regulatory relief for big U.S. banks, which means they may need to raise capital against holdings of U.S. Treasuries and ce
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UPDATE 2-FTSE 100 marks weakest day in three weeks as bank, commodity-linked stocks weigh
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Consumer morale jumps to one-year high * Wetherspoon falls on half-yearly loss * FTSE 100 down 1.1%, FTSE 250 off 0.7% (Updates to close) March 19 (Reuters) - London’s FTSE 100 marked its w
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European shares end lower on lockdown worries, still posts third week of gains
(Reuters) - European stocks slid on Friday after France imposed fresh regional lockdowns to curb the spread of the coronavirus, amid concern over the pace of vaccination campaigns in some countries, while bank stocks led sectoral declines. The pan-European STOXX 600 fell 0.8%, with France’s CAC 40 d
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Analysis: Europe's COVID setbacks risk another summer travel washout
LONDON/PARIS (Reuters) - Europe’s airlines and travel sector are bracing for a second lost summer, with rebound hopes increasingly challenged by a hobbled COVID-19 vaccine rollout, resurgent infections and new lockdowns. Airline and travel stocks fell on Friday after Paris and much of northern Franc
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UPDATE 1-IMF economist sees only 'transitory' bump in inflation from U.S. stimulus
(Adds comments by IMF chief economist) WASHINGTON, March 19 (Reuters) - President Joe Biden’s $1.9 trillion U.S. stimulus plan could trigger a temporary bump in consumer prices, but inflation was not likely to last long, International Monetary Fund Chief Economist Gita Gopinath said in an interview
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G7 agrees to back expansion of IMF financial firepower
LONDON/WASHINGTON (Reuters) - The world’s seven largest advanced economies have agreed to support the first expansion of the International Monetary Fund’s reserves since 2009, a step meant to help developing countries cope with the coronavirus pandemic, Britain said on Friday. Britain - which is cha
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UPDATE 1-Italian court sentences Popolare Vicenza managers to jail over bank's collapse
(Adds details) VICENZA, Italy, March 19 (Reuters) - An Italian judge on Friday sentenced four executives of former cooperative bank Popolare di Vicenza to jail for market manipulation and obstruction of regulators following the 2017 collapse of the Veneto-based lender. Reading out the sentences at t
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EXPLAINER-What rising bond yields mean for markets
NEW YORK, March 19 (Reuters) - Yields on U.S. Treasuries have surged to their highest level in more than a year from record lows hit in 2020, as Federal Reserve commitments to hold rates near zero for years to come encouraged investors to bet economic growth and inflation will heat up. Though yields
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Chinese military bans Tesla cars in its complexes on camera concerns - sources
(Reuters) - The Chinese military has banned Tesla cars from entering its housing complexes, citing security concerns over the cameras installed on the vehicles, according to two people who saw notices of the directive. The order issued by the military advises Tesla owners to park their cars outside
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Still on track for a robust recovery even after soft data this week
Summary U.S. Review The worse-than-expected outcomes for February retail sales, industrial production and housing starts were in part due to the severe winter weather that hit much of the country last month. However, other factors contributed to each sector's decline, including payback for January's
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METALS-Copper edges higher on rising demand, tight supply
(Updates prices) LONDON, March 19 (Reuters) - Expectations of rising demand and tight supply pushed copper prices slightly higher on Friday, although investors were cautious following tensions between Chinese and U.S. diplomats and a rapid rise in U.S. bond yields. Benchmark copper on the London Met
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U.S. financial regulator advisers consider new diversity disclosures
(Reuters) - An adviser to the top U.S. securities regulator said on Friday his subcommittee will likely recommend new disclosures about diversity from registered investment advisers and other steps to improve minority representation in finance. The ideas, which would need further approval, mark the
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SEC advisers consider new diversity disclosures
(Reuters) - An adviser to the top U.S. securities regulator said on Friday his subcommittee will likely recommend new disclosures about diversity from registered investment advisers and other steps to improve minority representation in finance. The ideas, which would need further approval, mark the
Pull-up Update