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Morning Bid: Rising oil, yields rain on AI party

Morning Bid: Rising oil, yields rain on AI party

A look at the day ahead in European and global markets from Wayne Cole. As Spain was hoisting the World Cup, the U.S. military was starting its ninth straight day of attacks on Iran, which in turn was striking targets across the region.

Bank of America CEO has sobering verdict on the economy

Bank of America CEO has sobering verdict on the economy

Economic resilience is probably something most Americans would welcome. We’re seeing that consumer spending is still growing, wage gains haven’t gone away, and corporate dealmaking is showing fresh momentum. Those trends point to a country that is successfully blowing past the recent ...

Fed to hold rates this year despite high inflation, but economists cite high chances of a hike: Reuters poll

Fed to hold rates this year despite high inflation, but economists cite high chances of a hike: Reuters poll

By Indradip Ghosh BENGALURU, July 21 (Reuters) - The Federal Reserve will keep its key interest rate steady for the rest of 2026 to tackle a five-year-long inflation problem, according to the median forecasts of economists in a Reuters poll.

U.S. Treasury Faces Challenges with Short-term Debt Amid Fed's Hawkish Stance

U.S. Treasury Faces Challenges with Short-term Debt Amid Fed's Hawkish Stance

U.S. Treasury Faces Challenges with Short-term Debt Amid Fed's Hawkish Stance

Inflation Cool-Down Eases Rate-Hike Concerns in Middle Market Debt

Inflation Cool-Down Eases Rate-Hike Concerns in Middle Market Debt

Inflation Cool-Down Eases Rate-Hike Concerns in Middle Market Debt

New Zealand Q2 inflation at 4.1% y/y, at more than two year high

New Zealand Q2 inflation at 4.1% y/y, at more than two year high

By Lucy Craymer WELLINGTON, July 21 (Reuters) - New Zealand's annual inflation accelerated in the second quarter to a 2-1/2-year high, reinforcing expectations the central bank will raise the cash rate when it next meets in September.

Dollar near one-week high as markets grapple with Gulf tensions

Dollar near one-week high as markets grapple with Gulf tensions

By Jiaxing Li HONG KONG, July 21 (Reuters) - The U.S. dollar hovered near a one-week high on Tuesday, with markets torn between conflicting Middle East signals, as hostilities in the region stoked renewed fears over energy supplies while hopes for a ceasefire offered some relief.

Weak UK jobs market holds steady as new PM takes office

Weak UK jobs market holds steady as new PM takes office

By Suban Abdulla LONDON, July 21 (Reuters) - Britain's job market appears to have stabilised at weak levels with official data showing annual wage growth and unemployment steady in the three months to May and payrolled employment little changed in June despite political turmoil in Westminster.

Federal Reserve's Rate Hike Concerns Eased by Inflation Cool-Down

Federal Reserve's Rate Hike Concerns Eased by Inflation Cool-Down

Federal Reserve's Rate Hike Concerns Eased by Inflation Cool-Down

Euro zone banks tighten credit access on war fears

Euro zone banks tighten credit access on war fears

FRANKFURT, July 21 (Reuters) - Euro zone banks tightened access to credit in the second quarter over geopolitical instability fears, and they expect further tightening in the current quarter, the European Central Bank's quarterly Bank Lending Survey showed on Tuesday.

Fed rate-hike voices swell before July decision, rates still seen on hold

Fed rate-hike voices swell before July decision, rates still seen on hold

By Ann Saphir July 17 (Reuters) - Cleveland Fed President Beth Hammack on Friday added her voice to a small but growing chorus of policymakers arguing the Fed may need to raise short-term borrowing costs to deal with persistently high inflation, setting up a charged debate at the central bank's July

Asia shares hesitant as oil climbs, earnings loom

Asia shares hesitant as oil climbs, earnings loom

By Wayne Cole SYDNEY, July 20 (Reuters) - Asian share markets were hesitant on Monday as the escalating conflict in the Gulf lifted oil prices and fanned fears of inflation, while a packed week of major tech earnings will further test investor faith in the AI trade.