Currencies

DAX Rebounds - Defense Deal Boosts Heidelberger Druck

After Monday's losses, the Frankfurt Stock Exchange saw a modest uptick on Tuesday morning. Germany's benchmark DAX index opened nearly half a percent higher at 24,051.71 points, recovering some...

Exclusive-Brazil in talks with TPG, Brookfield over $4 billion climate finance push

LONDON/BRASILIA -Brazil is in talks with global investors including TPG and Brookfield to raise nearly $4 billion for climate-focused projects, as it ramps up a green finance push ahead of hosting...

US-EU deal boosts markets and the dollar

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets European stocks and Wall Street futures climbed again after the weekend...

Dollar rises against major peers after US-EU trade pact

NEW YORK/LONDON -The dollar rose against the euro and yen on Monday as markets were buoyed by a trade agreement between the U.S. and the EU, which brought some market certainty and averted a global...

Trump tariffs weigh on Brazil chemical exporters, spark order cancellations

SAO PAULO -Chemical products companies in Brazil, which exported $2.4 billion to the U.S. last year, face a slew of contract cancellations as President Donald Trump has threatened a new 50% tariff on...

Trump: strong dollar sounds good but 'you make a hell of a lot more' with a weaker one

WASHINGTON -U.S. President Donald Trump said on Friday he liked a strong dollar but you make a hell of a lot more money with a weaker one. So when we have a strong dollar, one thing...

Bank of Canada to hold rates steady on July 30, but cut two more times in 2025- Reuters poll

BENGALURU -The Bank of Canada will hold its overnight interest rate steady at 2.75% on July 30 for the third consecutive meeting thanks to a recent rise in inflation and a fall in unemployment,...

Investors weigh market impact of possible early Powell exit

NEW YORK -Uncertainty over Federal Reserve Chair Jerome Powell's tenure is prompting investors to assess potential market reactions should there be an premature change in leadership at the U.S....

Trade deal clears way for BOJ to tiptoe back to rate hikes

TOKYO -U.S. President Donald Trump's trade deal with Tokyo opens scope for the Bank of Japan to raise interest rates again this year, sources say, a prospect the central bank may start to telegraph...

AI drives new highs

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Key U.S. and global stock markets...

US business activity rises; tariffs fuel inflation concerns

WASHINGTON -U.S. business activity picked up in July, but companies asked higher prices for goods and services, supporting economists' views that inflation will accelerate in the second half of the...

US labor market steady, jobless claims at three-month low

WASHINGTON -The number of Americans filing new applications for jobless benefits fell to a three-month low last week, pointing to stable labor market conditions, though sluggish hiring is making it...

Euro zone business activity growth hits 11-month high in July, PMI shows

LONDON -Euro zone business activity accelerated faster than forecast this month, supported by a solid improvement in the bloc's dominant services industry and with manufacturing showing further signs...

Trade Hopes and Corporate Earnings Drive European Markets Higher

Hopes for a trade agreement between the EU and the US, coupled with robust corporate earnings, buoyed European stock markets on Thursday. Germany’s benchmark DAX index climbed as much as 1.1 percent...

Subdued dollar firms after ECB leaves rates alone; tariffs and Fed in focus

The dollar traded sideways versus the euro on Thursday after the European Central Bank held rates steady, and was confined to a tight range against the yen as prospects for higher Japanese rates...

Bessent says Fed forecasts 'politically biased'

WASHINGTON -U.S. Treasury Secretary Scott Bessent on Wednesday suggested without evidence that the Federal Reserve's widely followed economic forecasts are motivated by politics, as the Trump...

US Fed independence under threat, say economists, but no one expects a July rate cut- Reuters poll

BENGALURU -The U.S. Federal Reserve's independence is under threat from mounting political interference, according to a clear majority of economists polled by Reuters, although no one expects a July...

Fed officials, banking experts discuss regulatory rewrite effort at conference

The Federal Reserve continued work on its comprehensive effort to rewrite bank rules with a daylong conference at its headquarters on Tuesday. At the conference in Washington, regulatory...

De-risking mood adds more demand for US corporate bonds

Investors have begun to de-risk their equity portfolios and buy more investment-grade corporate bonds as U.S. stock indices near new record highs, in turn pushing corporate borrowing costs to their...