Stocks fall on Fed rate hike bets, yen hits fresh 24-year low

Register now for FREE unlimited access to Register LONDON, Sept 7 (Reuters) – European stock markets fell on Wednesday after US economic data prompted traders to ramp up Federal Reserve rate hikes bets, pushing the dollar to a 24-year high against the Japanese yen. US Treasury yields jumped and the dollar received a boost … Read more

US labor market, manufacturing resilient despite rising interest rates

A sign advertising job openings is seen outside of a Starbucks in Manhattan, New York City, New York, US, May 26, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Register Weekly jobless claims fall from 5,000 to 232,000 Continuing claims increased by 26,000 to 1.438 million Layoffs announced by US-based firms drop … Read more

Japan’s super tight jobs market fails to deliver egalitarian promise

TOKYO, Sept 1 (Reuters) – When Riku Omori’s pay at his regular job was slashed by a third, he found temporary work delivering fried chicken and Thai food on his bike on the streets of Kawasaki, south of Tokyo, as a way to supplement his reduced earnings. The extra 100,000 yen ($722) 26-year-old Omori gets … Read more

Fed officials see US interest rates rising further

John C. Williams, president and CEO of the Federal Reserve Bank of New York speaks to the Economic Club of New York in the Manhattan borough of New York, US, March 6, 2019. REUTERS/Lucas Jackson Register now for FREE unlimited access to Register Aug 30 (Reuters) – US Federal Reserve officials on Tuesday reiterated … Read more