EUROP

Pound jumps after UK tax cut rescinded, oil climbs higher

Pound jumps after UK tax cut rescinded, oil climbs higher

TOKYO, Oct 3 (Reuters) – Oil surged on Monday as OPEC+ considered cutting output at its meeting later this week, while the pound appreciated after the British government announced it would would undo a controversial tax cut that had rocked UK markets. Asian stocks mostly fell over the holidays, although Japanese markets found support from …

Pound jumps after UK tax cut rescinded, oil climbs higher Read More »

Ukraine claims control of Russian logistics hub, seeks to cut more supply lines

Ukraine claims control of Russian logistics hub, seeks to cut more supply lines

Retaking Lyman town could help Ukraine against Russians in the east Russian hawks slam loss, some demand tougher measures Pope calls for ending ‘spiral of violence and death’ KYIV, Oct 3 (Reuters) – Ukraine has claimed full control of eastern Russia’s logistics hub Lyman, its biggest battlefield win in weeks, paving the way for new …

Ukraine claims control of Russian logistics hub, seeks to cut more supply lines Read More »

Analysis: Underwater: how the Bank of England threw a lifeline to the markets

Analysis: Underwater: how the Bank of England threw a lifeline to the markets

The Bank of England bought bonds after demands from pension funds Some UK pension funds have faced problematic margin calls BoE support seen as window to post collateral UK government’s unfunded tax plan spooked markets LONDON/NEW YORK, Oct 2 (Reuters) – Calls to the Bank of England that some British pension funds were struggling to …

Analysis: Underwater: how the Bank of England threw a lifeline to the markets Read More »

Tough 'orthodoxy', Kwarteng clings on after UK market rout

Tough ‘orthodoxy’, Kwarteng clings on after UK market rout

After weeks of hard work, UK finance minister under fire for tax cuts Truss backs a key ally, but some question his future Kwarteng fired key manager, with no budget forecast LONDON, Sept 29 (Reuters) – As Britain’s new finance minister, Kwasi Kwarteng was hoping to unravel Finance Ministry groupthink that he and new Prime …

Tough ‘orthodoxy’, Kwarteng clings on after UK market rout Read More »

UK market rout stokes contagion fears around the world

UK market rout stokes contagion fears around the world

NEW YORK/LONDON, Sept 28 (Reuters) – The scale and speed of the sale of British assets has rattled global markets, raising concerns about contagion as chaos in a major developed economy adds to the already malaise generated by the sharp rise in interest rates in the United States and elsewhere. After Friday’s UK mini-budget, which …

UK market rout stokes contagion fears around the world Read More »

Column: Fed neutral rate forecast nods to 'transitional' pivot

Column: Fed neutral rate forecast nods to ‘transitional’ pivot

ORLANDO, Fla., Sept 28 (Reuters) – Investors are scared and bond markets tumble as hopes of a Federal Reserve pivot evaporate and the amount of easing next year priced in to the US interest rate futures curve narrows to less than 25 basis points. The Fed is embarking on its most aggressive policy tightening campaign …

Column: Fed neutral rate forecast nods to ‘transitional’ pivot Read More »

IMF criticizes UK policy, Bank of England to make big response

IMF criticizes UK policy, Bank of England to make big response

Proposals likely to increase inequality, says IMF BoE pill says ‘significant’ response likely Economists and leaders call for a political reversal The pound is recovering slightly, up 0.4% on the day LONDON, Sept 27 (Reuters) – The International Monetary Fund on Tuesday openly criticized Britain’s new economic strategy, following a further slump in bond markets …

IMF criticizes UK policy, Bank of England to make big response Read More »

Fed officials monitor market volatility, say inflation remains a priority

Fed officials monitor market volatility, say inflation remains a priority

Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 26 (Reuters) – U.S. Federal Reserve officials on Monday put an end to rising volatility in global markets, from falling U.S. stocks to currency turmoil overseas, and said their priority remained control. domestic inflation. When asked at a Washington Post event whether he felt …

Fed officials monitor market volatility, say inflation remains a priority Read More »