U.S. consumer price data due at 1230 GMT U.S. job openings hit record high in March (Adds comment, updates prices)
May 12 (Reuters) - Gold prices slipped on Wednesday, weighed down by higher U.S. Treasury yields and a slight rebound in the dollar ahead of the much-awaited U.S. consumer price data due later in the day.
Spot gold was down 0.3% at $1,832.05 per ounce by 0646 GMT. U.S. gold futures eased 0.1% to $1,833.60.
“The dollar has strengthened a little bit . if the inflation rate is higher than expected, it could encourage central banks to consider tightening their monetary policies faster than expected,” said Margaret Yang, a strategist at DailyFX.
Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates with post-data moves, fresh comment)
May 12 (Reuters) - Eurozone bond yields reversed early falls and rose on Wednesday after stronger than expected U.S. inflation data.
U.S. consumer prices increased in April as booming demand amid a reopening economy pushed against supply constraints, which could fuel financial market fears of a lengthy period of higher inflation.
“We expect higher yields on the longer maturities, with the 10-year Treasury testing the 1.8% area in a short time and the 10-year Bund rising towards a 0% yield,” Massimiliano Maxia, senior fixed income specialist at Allianz Global Investors said.
German Chancellor Angela Merkel's cabinet approved on Wednesday draft legislation for more ambitious CO2 reduction targets after a landmark ruling last month from the country's top court, a government source said.
By Reuters Staff
2 Min Read
BUDAPEST, May 12 (Reuters) - The Hungarian Bank Association is in talks with the government about the future of a loan repayment moratorium which expires at the end of June, the General Secretary of the body told the national news agency MTI on Wednesday.
Levente Kovacs said banks welcomed some form of moratorium targeting the most vulnerable borrowers continuing, although there was no decision yet on how to transition from the current mass scheme, which covers both individuals and businesses.
Hungary’s economy went into freefall at the start of the coronavirus pandemic, contracting by more than 13 percent in the second quarter of 2020 and more than 5 percent in the year as a whole.
By Reuters Staff
1 Min Read
BERLIN, May 12 (Reuters) - Germany plans to make landlords shoulder half of the CO2 price burden related to heating costs which will arise from new legislation setting out more ambitious CO2 emission reduction targets, a government document showed on Wednesday.
Chancellor Angela Merkel’s cabinet is expected to approve the draft legislation on Wednesday in response to a landmark ruling last month from the country’s top court. (Reporting by Markus Wacket Writing by Madeline Chambers Editing by Riham Alkousaa)