(Reuters) – Wall Street executives at the Reuters Next conference in New York expect a $7-trillion cash pile that proved invulnerable to falling interest rates in 2024 to start melting next year as easier monetary policy tempts clients out of the ultra-conservative asset class. So far, such hopes have been in vain. Cash in money…
By Michael S. Derby NEW YORK (Reuters) – Financial markets are heading into this week’s Federal Reserve meeting with more clarity over the outlook for the U.S. central bank’s ongoing balance sheet drawdown than they’ve had in a while, and those keeping close tabs on the process see it continuing into next year even as…
A look at the day ahead in U.S. and global markets from Mike Dolan With next week’s U.S. election now dominating thinking, the last two megacap earnings reports of the week appear to have calmed the stock market somewhat and a potentially noisy October payrolls report is up next. Amazon and Apple got different market…
The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China’s somewhat disappointing weekend stimulus announcements the focus of market attention. Alfexe | Istock | Getty Images The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving…
The dollar rose to a one-month high versus the yen on Thursday as robustness in the U.S. jobs market backed the idea that the Federal Reserve does not need to rush to cut interest rates. Iryna Ustenko | Istock | Getty Images The dollar rose to a one-month high versus the yen on Thursday as…
An Australian one-hundred dollar banknote, top, and a New Zealand one-hundred dollar banknote are arranged for a photograph in Hong Kong, China, on Thursday, March 13, 2014. Bloomberg | Bloomberg | Getty Images The Australian and New Zealand dollars scaled multi-month peaks on Wednesday while sterling hit its highest in more than two years against…
A picture taken on December 7, 2021 in Istanbul shows U.S. dollars banknotes. Ozan Kose | Afp | Getty Images The dollar traded near its lowest levels of the year on Tuesday, on the eve of the expected the start to a U.S. easing cycle that markets are betting may begin with an outsized rate…