Sterling edged higher as traders cut bets on jumbo UK hike
The Sterling edged higher but hovered near two-week lows after central bank decisions this week reinforced interest rate expectations.
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The Sterling edged higher but hovered near two-week lows after central bank decisions this week reinforced interest rate expectations.
Asian shares looked to end the month on a firm note on Monday in a week littered with major economic releases, central bank meetings and earnings updates from mega caps Amazon and Apple, though rising...
The early impetus for shares was positive following Friday's U.S. data showing an easing in wage costs and core inflation, which fuelled hopes the Federal Reserve was done tightening.
Beijing did apparently issue measures to restore and expand consumption on Monday, according to a State Council document out on Monday, though many seemed aspirational and whether they would work was an open question. MSCI's broadest index of Asia-Pacific shares outside Japan is also on track for its best month since January with a gain of almost 6% in July. The market is having to contend with a rare selloff in bonds after the Bank of Japan lifted the lid on yields last week, essentially doubling it to 1.0%.
A look at the day ahead in European and global markets from Wayne Cole. Asian share markets are looking to end July with a bang as hopes for new policy steps have Chinese blue chips up...