Major brokerages retain rate cut expectations after Fed keeps rates steady

Major brokerages retain rate cut expectations after Fed keeps rates steady

Most Wall Street brokerages reaffirmed their rate cut forecasts after the U.S. Federal Reserve kept its policy rate unchanged this week. The U.S. central bank held interest rates steady...
June 20, 2025 at 02:25 pm
Sterling set for weekly loss as Middle East conflict overshadows domestic data

Sterling set for weekly loss as Middle East conflict overshadows domestic data

Sterling gained slightly against the dollar on Friday but was set for a loss on the week as uncertainty over the Israel-Iran conflict fuelled demand for traditional safe havens such as the...
June 20, 2025 at 11:48 am
Fears of Iran Conflict Escalation Weigh on DAX

Fears of Iran Conflict Escalation Weigh on DAX

The prospect of U.S. involvement in Israeli strikes against Iran sparked unease among DAX investors on Corpus Christi, sending Germany's leading index down as much as 0.9 percent to 23,118 points...
June 20, 2025 at 09:58 am
Russia's flagship economic forum offers scant hope of foreign investment revival

Russia's flagship economic forum offers scant hope of foreign investment revival

ST PETERSBURG, Russia -Foreign direct investment into Russia has fallen sharply, U.N. data published on Thursday showed, and Russia's premier economic forum in St Petersburg this week is offering...
June 19, 2025 at 01:41 pm
Russia's Novak says no one has approached government about buying Nord Stream 2

Russia's Novak says no one has approached government about buying Nord Stream 2

ST PETERSBURG -Russian Deputy Prime Minister Alexander Novak said on Thursday that no one has approached the Russian government about buying the Nord Stream 2 gas pipeline. The Wall...
June 19, 2025 at 10:03 am
Dollar trades higher after Fed, investors focus on Israel-Iran conflict

Dollar trades higher after Fed, investors focus on Israel-Iran conflict

NEW YORK -The U.S. dollar traded higher against most major currencies on Wednesday, but remained weaker against the yen after the Federal Reserve kept interest rates unchanged as economic uncertainty...
June 18, 2025 at 10:01 pm
EU countries reach deal on new defence funding programme

EU countries reach deal on new defence funding programme

BRUSSELS -European Union governments have reached an agreement on a 1.5 billion-euro EU scheme to fund defence investments, although some complained that its 'buy European' provisions are too...
June 18, 2025 at 05:51 pm
Exclusive-Russia's Sberbank warns of economy overcooling, says key rate below 15% would spur growth

Exclusive-Russia's Sberbank warns of economy overcooling, says key rate below 15% would spur growth

ST PETERSBURG -The Russian economy could cool down excessively due to high interest rates and may face difficulties returning to a growth path, Alexander Vedyakhin, First Deputy CEO of Russia's...
June 18, 2025 at 09:05 am
From outcast to star:  euro periphery rally gains pace

From outcast to star: euro periphery rally gains pace

LONDON -The premium investors demand to hold Greek bonds over Germany has fallen to its lowest since 2008, and Italy's isn't far off levels seen in 2010, a sign of improved fiscal dynamics in a...
June 18, 2025 at 06:15 am
Gloom pervades ahead of Fed meet's outcome

Gloom pervades ahead of Fed meet's outcome

A look at the day ahead in European and global markets from Rae Wee Markets head into Wednesday's Federal Reserve rates decision with much uncertainty around the global economy, trade...
June 18, 2025 at 05:33 am
US tariffs, tax hikes to depress UK growth this year and next, CBI forecasts show

US tariffs, tax hikes to depress UK growth this year and next, CBI forecasts show

LONDON -One of Britain's leading business groups on Wednesday slashed its forecast for economic growth in 2025 and next year due to headwinds from U.S. President Donald Trump's tariffs and an...
June 18, 2025 at 12:14 am
Sterling drops to six-week low against euro

Sterling drops to six-week low against euro

Sterling rose against the U.S. dollar on Thursday but dropped to a six-week low against the euro, following weak economic data from the U.S. and the UK.  The euro hit its highest level...
June 12, 2025 at 12:20 pm
Deal to get US-China trade truce back on track is done, Trump says

Deal to get US-China trade truce back on track is done, Trump says

WASHINGTON/LONDON -President Donald Trump on Wednesday said he was very happy with a trade deal that restored a fragile truce in the U.S.-China trade war, a day after negotiators from Washington and...
June 12, 2025 at 12:46 am
AerCap can recover over $1 billion, UK court rules in case over jets 'lost' in Russia

AerCap can recover over $1 billion, UK court rules in case over jets 'lost' in Russia

LONDON -The world's largest aircraft lessor AerCap can recover over $1 billion in relation to jets stuck in Russia since the invasion of Ukraine, London's High Court ruled on Wednesday, though that...
June 11, 2025 at 01:17 pm
EU's new Russia sanctions to target energy sector and banks

EU's new Russia sanctions to target energy sector and banks

BRUSSELS -The European Commission proposed on Tuesday an 18th package of sanctions against Russia for its invasion of Ukraine, aimed at Moscow's energy revenues, its banks and its military industry. ...
June 10, 2025 at 07:28 pm
Potato price surge fuels inflation pain for Russia's poorest

Potato price surge fuels inflation pain for Russia's poorest

At a farm near Moscow, newly arrived guest workers from India are planting potatoes and cabbages - work closely monitored by central bank analysts as they prepare for board meetings to set interest...
June 10, 2025 at 04:05 pm
DAX Investors Remain Cautious as Defense Stocks Come Under Pressure

DAX Investors Remain Cautious as Defense Stocks Come Under Pressure

DAX investors are treading carefully amid ongoing trade talks between the US and China in London. Germany's benchmark index slipped 0.1 percent to 24,149 points at Tuesday's opening. This week...
June 10, 2025 at 12:03 pm
UK pay growth slows as jobless rate rises to highest since 2021

UK pay growth slows as jobless rate rises to highest since 2021

LONDON -Pay growth in Britain slowed sharply and unemployment rose to its highest in nearly four years in the three months to April, official data showed on Tuesday, potentially making the Bank of...
June 10, 2025 at 09:32 am
Stocks climb, dollar dips with US-China trade talks eyed

Stocks climb, dollar dips with US-China trade talks eyed

NEW YORK -Global stocks climbed on Monday while the dollar retreated as talks began in London between the United States and China, aimed at cooling a trade dispute between the world's two largest...
June 09, 2025 at 09:39 pm
Russian central bank delivers surprise rate cut, first since 2022

Russian central bank delivers surprise rate cut, first since 2022

MOSCOW -The Russian central bank cut its key interest rate by a full percentage point to 20% on Friday, a surprise move by the bank which it justified by pointing to declining inflation pressure and...
June 06, 2025 at 03:43 pm