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News
10-year yields highest since 2023
2+ day, 17+ hour ago (442+ words) Sept 9 (Reuters) - Benchmark 10-year Treasury yields reached their highest levels since 2023 on Wednesday after the announcement of an enlarged Treasury buyback of longer-dated bonds disappointed some investors who had wanted more. After a selloff that pushed 30-year yields to their…...
Wall St set for lower open as oil hovers near $100
3+ day, 23+ hour ago (520+ words) Sept 9 (Reuters) - The main U.S. stock indexes were on course to open lower on Wednesday, when oil prices surged past the market-sensitive $100-a-barrel mark for the first time since July due to deepening tensions in the Middle East. Traders have struggled…...
US treasury chief Bessent backs using US financial power as foreign policy tool
3+ day, 21+ hour ago (279+ words) WASHINGTON, Sept 8 (Reuters) - U.S. Treasury Secretary Scott Bessent advocated on Tuesday for Washington's use of financial power as a foreign policy tool with the goal of advancing the interests of American allies, including in financial and political situations abroad. Last year,…...
Wall St futures slip as oil surge puts markets on edge
4+ day, 21+ hour ago (443+ words) Sept 8 (Reuters) - U.S. stock index futures slipped on Tuesday as fresh hostilities in the Middle East sent oil prices to their highest since late July, deepening market gloom ahead of inflation data later this week. The declines follow a roller-coaster stretch…...
UBS forecasts two US Fed rate hikes in 2026 after strong jobs report
4+ day, 20+ hour ago (125+ words) Sept 7 (Reuters) - UBS expects the Federal Reserve to raise interest rates by 25 basis points each in September and December, after a stronger-than-expected U.S. jobs report reinforced views of a resilient labor market. Citigroup and Macquarie also revised their interest…...
S&P 500, Dow set to open lower as Gulf tensions send oil to over six-week high
4+ day, 20+ hour ago (499+ words) Sept 8 (Reuters) - The benchmark S&P 500 and the blue-chip Dow indexes were on course to open lower on Tuesday as fresh hostilities in the Middle East pushed oil prices to their highest since late July, while markets await inflation data…...
US July copper imports hit highest level on record
1+ week, 1+ day ago (232+ words) The United States imported a record 225,094 metric tons of refined copper and copper alloys in July, official data showed on Thursday, as traders continued to ship large volumes of the metal before a tariff is potentially imposed. The July figure…...
Bank of Canada set to hold rates as strong growth collides with trade risks
1+ week, 4+ day ago (254+ words) OTTAWA, Sept 2 (Reuters) - The Bank of Canada is widely expected to keep its key policy rate unchanged at 2.25% on Wednesday as recent strong economic growth gives it room to wait while a renewed trade war with the United States clouds…...
Dollar rises to 2-week high, Middle East conflict and rate paths in focus
1+ week, 3+ day ago (407+ words) Sept 2 (Reuters) - The dollar hit a two-week high on Wednesday as investors turned to the U.S. currency amid growing concerns about the economic impact of the energy shock and weighed diverging monetary policy paths across major economies. "We expect the ECB…...
TSX futures steady ahead of Bank of Canada's rate decision
1+ week, 4+ day ago (286+ words) Sept 2 (Reuters) - Futures tracking Canada's blue-chip stocks were muted on Wednesday, as markets grappled with fresh strikes in the Iran war and rising yields ahead of the Bank of Canada's interest-rate decision. September futures on the S&P/TSX index…...