Currencies

Sterling set for fourth monthly rise against a weakened dollar

Sterling held steady on Friday, set for its fourth month in a row of gains against the dollar, as recent favourable economic data support Britain's currency just as worries over U.S. tariffs and high...

German inflation nears ECB target in May but challenges remain

BERLIN -German inflation eased further in May, bringing it closer to the European Central Bank's 2% target and bolstering the case for an interest rate cut next week, but economic turmoil and...

Slovakia's Fico excoriates judge over central banker bribery conviction

Slovak Prime Minister Robert Fico lambasted a judge who fined central bank Governor Petr Kazimir for corruption on Thursday, saying the judge might be politically motivated and should be probed for...

Trump spurs questions about safety of Germany's gold in New York

FRANKFURT/BERLIN -The safety of Germany's gold reserves held overseas and in New York in particular, until recently mainly a talking point for the country's far-right party and gold bugs, is becoming...

Dollar mixed on tariff uncertainty, headed for monthly gain against yen

NEW YORK -The dollar was mixed on Friday but on track for the first monthly gain against the Japanese yen this year as investors factored in the likelihood of trade tariffs remaining in some form,...

Markets hope Trump tariffs stay 'unlawful'

A look at the day ahead in European and global markets from Wayne Cole Who knew the three judges at the rather obscure United States Court of International Trade had the power to spark a...

Markets shrug off US appeals court's decision to reinstate Trump tariffs

NEW YORK -Wall Street closed higher on Thursday, largely shrugging off a decision by a federal appeals court late Thursday reinstating President Donald Trump's tariffs. This came a day after a trade...

Bulgaria likely to get EU Commission go-ahead to adopt euro from 2026, officials say

BRUSSELS -The European Commission is likely to give Bulgaria the green light on June 4 to adopt the euro currency from the start of 2026, several euro zone officials said, making Bulgaria the 21st...

Sterling steady against the dollar as economic data, trade deals offer support

Sterling was steady against the dollar on Wednesday, hovering near Monday's three-year high, as it continued to be supported by favourable economic data last week as well as Britain's recent trade...

German home prices to rise 3% this year on tight supply; affordability to worsen

German home prices will build on a recent rebound but at a slightly slower pace than expected earlier this year, according to analysts polled by Reuters, as supply remains tight and worsening...

Sterling weakens versus dollar but stays close to over three-year high

LONDON -The pound ticked lower versus a broadly stronger dollar on Tuesday, yet remained close to a more than three-year high scaled on Monday as reduced bets on Bank of England rate cuts and some...

DAX Pauses for Breath After Rally

After a strong start to the week, DAX investors took a breather on Tuesday. The German benchmark index opened slightly higher at 24,054.16 points, following a 1.7 percent gain on Monday. Optimism at...

Russia's cooling economy facing 'hypothermia' risks, minister warns

MOSCOW -Russia's economy is facing hypothermia risks, Economy Minister Maxim Reshetnikov said on Monday as he urged the central bank to take slowing inflation into account when it meets to set...

Sterling touches new 2022 high; Trump EU tariff reversal dents dollar

LONDON -The pound edged up on Monday to trade around its highest since early 2022, as the dollar came under broad pressure following another abrupt reversal in trade policy by U.S. President Donald...

DAX Expected to Open Higher After Trump Delays EU Tariffs

The DAX is set to open higher on Monday, according to calculations by banks and brokerage houses. On Friday, the index closed down 1.5 percent at 23,629 points, following threats of tariffs from US...

Trading Day: Trump shatters tariff calm with new salvo

TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Just when a degree of calm appeared to have settled over...

Global equity funds post their biggest weekly outflow in six weeks

Global equity funds have seen weekly outflows for the first time in six weeks, pressured by rising U.S. Treasury yields and mounting concerns over the U.S. debt burden and tax-cut legislation,...

Hungary's Orban says EU plan to ban Russian energy imports must be prevented

BUDAPEST -The European Union's plan to ban Russian energy imports must be prevented by all means, Hungarian Prime Minister Viktor Orban told state radio on Friday.   The European...

Russian lawmakers push for right to ignore Western company buyback options

Russian lawmakers are pushing for new rules to give domestic companies the right to ignore any buyback options they agreed with Western firms that left the country, to keep a grip on strategic...