Higher

Its policymakers have raised their key interest rate to about 5.4%, its highest level in 22 years, to try to slow borrowing and spending and cool inflation pressures. They now are considering whether to raise the rate even higher — a…

Conflicting headlines out of the UK:British retail consortium August total sales +4.1% y/y vs July +1.5% British retail consortium August like-for-like sales +4.3% y/y vs July +1.8% Barclay UK August consumer spending +2.8% y/y vs July…

Crude Oil, WTI, Bent, US Dollar, NFP, FOMC, HSI, RBA, BoC, ASEAN, G-20 - Talking PointsCrude oil’s leap to new highs appears intact for now withA combination of production cuts and an inventory rundown boosted oilAfter today’s US holiday, a…

© Reuters. FILE PHOTO: The logo of Mercedes-Benz is seen outside a Mercedes-Benz car dealer in Brussels, Belgium June 1, 2023. REUTERS/Yves Herman/File Photo MUNICH (Reuters) - The variable costs for producing electric vehicles will…

It's unclear what's happening in the bond market today as US 30-year yields lead the way higher, up 8.5 bps to 4.288%. The front-end is more subdued with 2s flat at 4.85%, though well-above the post-NFP low of 4.76%.Given the dovish data…

© Reuters. FILE PHOTO: BMW's concept model i Vision Dee is unveiled during an event at the Auto Shanghai show, in Shanghai, China April 18, 2023. REUTERS/Aly Song/File Photo By Christina Amann MUNICH (Reuters) - BMW (ETR:) expects to…

High interest rates are continuing to hit demand in the property market as potential buyers pull back from purchases because of increased mortgage costs. The number of mortgage approvals fell last month to a five-month low of 49,400,…

Article by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40, S&P 500 Analysis and Charts​​​FTSE 100 probes downtrend line​The FTSE 100 is trying to break through its July-to-August downtrend line following a prolonged Bank Holiday…

© Reuters. Investing.com --  Most Asian currencies strengthened on Tuesday, while the dollar retreated from near three-month highs as investors trimmed some positions before a slew of key economic readings this week.  Fears of…

Happy talk from Washington, consistently low unemployment, and a slowing pace of inflation have combined to support a positive market sentiment – but can it last? ‘Shark Tank’ star Kevin O’Leary believes it won’t, and he does not hesitate…