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Australia central bank hikes rates for third time this year in battle with inflation

Australia central bank hikes rates for third time this year in battle with inflation

By Stella Qiu and Wayne Cole SYDNEY, May 5 (Reuters) - Australia's central bank lifted rates for a third time this year on Tuesday, returning borrowing costs to post-pandemic highs and warning that inflation would remain sticky as the conflict in the Middle East unleashed a global oil shock.

Barclays becomes latest brokerage to bet on no Fed rate cuts in 2026

Barclays becomes latest brokerage to bet on no Fed rate cuts in 2026

May 4 (Reuters) - Barclays on Monday joined a growing list of brokerages to bet on no policy easing from the U.S. Federal Reserve this year, citing prolonged high energy prices linked to the Iran war that are likely to keep inflation elevated.

Brazil's central bank warns of emerging inflation risks as Iran war drags on

Brazil's central bank warns of emerging inflation risks as Iran war drags on

BRASILIA, May 5 (Reuters) - The Brazilian central bank considered changing its view on inflation risk balance but ultimately maintained a level outlook despite the U.S.-Israeli war on Iran already raising inflation expectations, it said on Tuesday.

Bank of Korea deputy chief says time to consider rate hikes

Bank of Korea deputy chief says time to consider rate hikes

SEOUL, May 4 (Reuters) - The Bank of Korea's senior deputy governor said forward guidance on monetary policy would become more hawkish at the next meeting later this month, as it was time to consider interest rate hikes, according to pool reports shared by the central bank on Monday.

Stocks edge up in Asia, oil flat amid Middle East uncertainty

Stocks edge up in Asia, oil flat amid Middle East uncertainty

By Wayne Cole SYDNEY, May 4 (Reuters) - Shares edged higher while oil prices flatlined in Asia on Monday, as investors drew comfort from signs of patchy progress in settling the Middle East conflict at the start of a week packed with earnings and key economic data.

Williams says Fed policy well positioned for economic risks, uncertainty

Williams says Fed policy well positioned for economic risks, uncertainty

By Michael S. Derby NEW YORK, May 4 (Reuters) - New York Federal Reserve President John Williams said on Monday the U.S. central bank's monetary policy is "well positioned" to deal with the high level of economic uncertainty facing the economy as a result of the war in the Middle East.

World shares mixed and oil prices retreat after the latest flare in Iran tensions

World shares mixed and oil prices retreat after the latest flare in Iran tensions

World shares are trading lower, following losses on Wall Street after U.S. stocks fell from record highs

Asian shares slip and oil prices retreat from latest flare in Iran tensions

Asian shares slip and oil prices retreat from latest flare in Iran tensions

Asian stocks are trading lower, tracking losses on Wall Street after U.S. stocks fell from record highs

All eyes on job market as Fed's rate-cut window narrows

All eyes on job market as Fed's rate-cut window narrows

By Karen Brettell May 5 (Reuters) - The release of the U.S. employment report later this week will serve as a test of whether the economy remains resilient enough to keep the Federal Reserve's monetary policy on hold, or whether a softening labor market could revive the case for interest rate cuts

Morning Bid: Gulf singe, AI binge

Morning Bid: Gulf singe, AI binge

By Mike Dolan May 5 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Gulf tensions flared on Monday as U.S. attempts to shepherd ships through the Strait of Hormuz met resistance from Iran, including an attack on a UAE oil port.

Australia's central bank set to cool its heels after rapid-fire rate hikes

Australia's central bank set to cool its heels after rapid-fire rate hikes

By Stella Qiu and Wayne Cole SYDNEY, May 5 (Reuters) - Australia's central bank lifted rates for a third time this year on Tuesday, returning borrowing costs to post-pandemic highs and warning that inflation would remain sticky as the conflict in the Middle East unleashed a global oil shock.

New Zealand jobless rate falls to 5.3% in Q1, slightly below economists forecast

New Zealand jobless rate falls to 5.3% in Q1, slightly below economists forecast

By Lucy Craymer WELLINGTON, May 6 (Reuters) - New Zealand's jobless rate fell to 5.3% in the first quarter, while employment increased 0.2% from the previous quarter, according to data released by Statistics New Zealand on Wednesday.