By Davide Barbuscia NEW YORK (Reuters) -As bonds emerge from a historic selloff, some investors expect better times in the U.S. fixed income market next year – as long as the Federal Reserve’s r[...]
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December 29, 2023
King dollar seen vulnerable in 2024 if Fed pivots
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The Federal Reserve’s dovish December pivot has boosted the case for the weakening dollar to keep falling into 2024, though strength in the U.S. economy[...]
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Dollar sees first yearly loss since 2020
By Karen Brettell and Samuel Indyk NEW YORK/LONDON (Reuters) -The dollar edger higher on Friday but is set to end 2023 with its first yearly loss since 2020 against the euro and a basket of currencies[...]
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Wirecard lawsuit against EY claims 1.5 billion euros in damages
FRANKFURT (Reuters) – Accountancy firm EY is facing a new lawsuit claiming 1.5 billion euros ($1.66 billion) in damages over its role in auditing Wirecard’s books before the German payment[...]
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New York Fed: Inflows to reverse repo facility surge, hitting $1.018 trillion
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve Bank of New York said on Friday it accepted $1.018 trillion at its overnight reverse repo facility, as inflows to the central bank li[...]
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US overnight funding rate hits record high amid year-end volatility
By Davide Barbuscia NEW YORK (Reuters) – A gauge measuring the borrowing costs on loans between banks and other participants in the U.S. repurchase agreement (repo) market hit its highest level[...]
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U.S. drivers hope for lower pump prices in 2024 as gasoline stocks climb
By Shariq Khan (Reuters) – American drivers can expect lower motor fuel costs for a second-straight year in 2024 as a jump in global refining capacity and a surplus in U.S. gasoline stocks drive[...]
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Explainer-Charting the Fed’s economic data flow
(Reuters) – The final month of 2023 featured a rush of data about the health of the U.S. economy and the state of price increases that a number of Federal Reserve officials saw as reassuring sig[...]
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STOXX 600 ends 2023 up 12.6% on rate cut optimism, Italy best performer
By Shashwat Chauhan and Bansari Mayur Kamdar (Reuters) -European shares ended 2023 with an annual gain of almost 13% on hopes of softer monetary policy from major central banks next year. The pan-Euro[...]
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