Shares bounce, US yield curve inverts after strong jobs data

US stocks drop, Treasury yield curve inverts US employers added 431,000 jobs in March US jobless rate at 3.6% Euro zone inflation 7.5% in March Oil heading for 13% fall this week NEW YORK, April 1 (Reuters) – Government bond yields resumed their upward climb on Friday as a key part of the US Treasury … Read more

Wall St edges up as payrolls report keeps Fed on track

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, March 30, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Unemployment drops to 3.6% vs estimate of 3.7% Nonfarm payrolls rose by 431,000 jobs last month GameStop seeks share split amid renewed meme-stock hype … Read more

Dow, S&P close lower after 4 days of gains as Russia bombs Ukraine

The logo for the New York Stock Exchange (NYSE) is displayed on the floor of the NYSE in New York City, US, March 29, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register US bond market spurs recession worry Private payrolls increased by 455,000 jobs in March Dow down 0.19%, S&P 500 … Read more

Oil hit by Shanghai shutdown; yen sinks as BOJ challenges the yield tide

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register >Asian stock markets: Oil prices shed over $3 as China lockdowns spread … Read more

Yen tumbles as BOJ interventions to keep bond yields pinned down

HONG KONG/TOKYO, March 28 (Reuters) – The Japanese yen slipped to a six-year low on Monday, after the Bank of Japan stepped into the market to stop government bond yields from rising above its key target, while bitcoin jumped to nearly its highest this year. The BOJ, on Monday morning offered to buy unlimited amounts … Read more

Fed will raise rates more aggressively if needed, Powell says

US Federal Reserve Chairman Jerome Powell testifies during the Senate Banking Committee hearing titled “The Semiannual Monetary Policy Report to the Congress”, in Washington, US, March 3, 2022. Tom Williams/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register March 21 (Reuters) – Federal Reserve Chair Jerome Powell on Monday delivered his most … Read more

Stocks step back, oil bounces as peace talks stall

FILE PHOTO – Monitors displaying the stock index prices and Japanese yen exchange rate against the US dollar are seen after the New Year ceremony marking the opening of trading in 2022 at the Tokyo Stock Exchange (TSE), amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan January 4, 2022. REUTERS/Issei Kato Register now for … Read more

Wall Street closes higher as worries ease around Fed, Russian default

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, March 17, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Energy sector rallies with oil, defensive sectors underperform US weekly jobless claims fall amid strong demand for workers Indexes up: Dow 1.23%, S&P 500 … Read more

Inflation surge, war cloud Fed’s interest rate trajectory

Federal Reserve Chair Jerome Powell testifies during the Senate Banking Committee hearing titled “The Semiannual Monetary Policy Report to the Congress”, in Washington, US, March 3, 2022. Tom Williams/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register WASHINGTON, March 15 (Reuters) – New economic projections from the Federal Reserve this week will … Read more

Households squeezed as US consumer prices accelerate; more pain coming

Consumer price index increases 0.8% in February Gasoline accounts for nearly a third of rise in CPI CPI jumps 7.9% year-on-year; costs of food, rent surge Core CPI rises 0.5%; increases 6.4% year-on-year WASHINGTON, March 10 (Reuters) – US consumer prices surged in February, forcing Americans to dig deeper to pay for rent, food and … Read more