UK market disruption fuels contagion fears around the world

NEW YORK/LONDON, Sept. 28 (Reuters) – The magnitude and speed of the UK asset sell-off has shaken global markets, raising concerns about contagion as chaos in a large developed economy adds to the unease already experienced caused by sharp rate hikes in the United States and elsewhere. After Friday’s UK mini-budget, which marked £45 billion … Read more

EU executive proposes eighth set of sanctions against Russia

EU countries begin negotiations on new package of sanctions against Russia 27 Member States divided over oil price ceiling Ukraine: It is necessary to stop the flow of ‘blood money’ to Russia BRUSSELS, Sept. 28 (Reuters) – The European Union executive on Wednesday proposed an eighth round of sanctions against Russia over its invasion of … Read more

IMF says UK fiscal measures ‘likely to increase inequality’, urges reconsideration

WASHINGTON, Sept. 27 (Reuters) – The International Monetary Fund on Tuesday targeted new British financial plans that have rocked markets and warned that “big and untargeted fiscal packages” were likely to widen inequality in Britain and tighten monetary policy. can undermine. In its first commentary on plans by the new UK Chancellor of the Exchequer … Read more

Morning Bid: Eye of the Storm

Register now for FREE unlimited access to Reuters.com Register A look at the day ahead of Mike Dolan’s US and global markets. As Hurricane Ian raged and set his sights on Cuba and Florida, a global financial storm calmed down the bond and currency markets moderately – though likely only temporarily. Ian strengthened to a … Read more

Mysterious leaks hit Russian undersea gas pipelines, raising European suspicion

Register now for FREE unlimited access to Reuters.com Register Neither Nord Stream pipeline was pumping gas at the time Both pipes still contain pressurized gas Operator says damage to Nord Stream 1 ‘unprecedented’ Crisis over Russian gas has pushed prices up Europe races to find alternative supplies STOCKHOLM/COPENHAGEN, Sept. 27 (Reuters) – European countries rushed … Read more

Fed officials stare at market volatility, say inflation remains key focus

Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept. 26 (Reuters) – US Federal Reserve officials on Monday curbed increasing volatility in global markets, from slumping US stocks to currency turbulence abroad, saying their priority remained to contain domestic inflation. Asked at an event in the Washington Post whether he thought US investors … Read more

Italy election winners focus on era of political stability

Register now for FREE unlimited access to Reuters.com Register Right bloc for clear majority in both houses Meloni becomes the country’s first female prime minister League leader says government will be stable Government is expected to be sworn in in a few weeks Record low turnout casts shadow over result ROME, Sept. 26 (Reuters) – … Read more

Morning Bid: Unstable Cable | Reuters

US dollar banknotes can be seen in this image, taken on June 14, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register A look at the day ahead of Mike Dolan’s US and global markets. Britain’s gamble to boost growth with unfunded tax cuts in a surge in inflation has turned into … Read more

Sterling collapses as investors fly into dollars

Register now for FREE unlimited access to Reuters.com Register Sterling hits record low; risk of BOE reaction Euro down 1%; Aussie, Kiwi, Yuan Hits Multi-Year Low S&P 500 futures fall 0.6% SYDNEY, Sept. 26 (Reuters) – Sterling sank to a record low on Monday, sparking speculation about an emergency response from the Bank of England … Read more

Eyes on Belgium as some EU countries push for Russian diamond ban

Diamonds are pictured at an official presentation by diamond producer Alrosa in Moscow, Russia on Feb. 13, 2019. REUTERS/Maxim Shemetov/File Photo Register now for FREE unlimited access to Reuters.com Register BRUSSELS, Sept. 25 (Reuters) – The European Union must stop importing diamonds from Russia, five of the bloc’s 27 countries said in a joint Reuters … Read more