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Stocks hold firm as US inflation data keep rate cut hopes alive

GLOBAL MARKETS-Stocks hold firm as US inflation data keep rate cut hopes alive Updates prices Recent data raises speculation about Fed rate cuts U.S. CPI rose moderately in July, as expected New Zealand cuts rates By Koh Gui Qing and Elizabeth Howcroft NEW YORK/PARIS, Aug 14 (Reuters) - Global stocks held steady and government bond yields retreated a touch on Wednesday after data showed U.S.
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Dollar loses ground against euro as inflation data shows cooling

FOREX-Dollar loses ground against euro as inflation data shows cooling Updates as of 10:20 a.m. ET By Laura Matthews and Sruthi Shankar Aug 14 (Reuters) - The dollar lost ground against its major peers on Wednesday, helping the euro to an eight-month peak, as the U.S.consumer price index showed inflation is subsiding, reinforcing expectations that Federal Reserve interest rate cuts are near.
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Stocks hold firm as US inflation data keep rate cut hopes alive

GLOBAL MARKETS-Stocks hold firm as US inflation data keep rate cut hopes alive Adds quote in paragraphs 4-6, updates prices Recent data raises speculation about Fed rate cuts U.S. CPI rose moderately in July, as expected New Zealand cuts rates By Koh Gui Qing and Elizabeth Howcroft NEW YORK/PARIS, Aug 14 (Reuters) - Global stocks held steady and government bond yields retreated a touch on Wednesday after data showed U.S.
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FX options wrap - Risk premium, USD direction, EUR/USD targets

BUZZ-FX options wrap - Risk premium, USD direction, EUR/USD targets Overnight expiry FX option implied volatility in the higher beta USD pairings was trading its biggest pre-U.S. CPI premium this year. However, Wednesday's data was basically in line with expectations and didn't prompt the excessive volatility for which options were primed. Broader FX option implied volatility has eased as the CPI risk premium was priced out and as always, is more evident in sub-one-month expiry contracts.
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Euro climbs to seven-month highs ahead of US inflation test

FOREX-Euro climbs to seven-month highs ahead of US inflation test Dollar on the backfoot Pound eases after inflation data Kiwi slides on rate cut Updated at 1127 GMT By Sruthi Shankar Aug 14 (Reuters) - The euro hit a seven-month peak against the dollar on Wednesday, as traders bet U.S. consumer prices data later in the day will keep the Federal Reserve on course to cut interest rates next month.
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European stocks rise ahead of US inflation data

GLOBAL MARKETS-European stocks rise ahead of US inflation data Recent data raises speculation about Fed rate cuts U.S. CPI due later in the session New Zealand cuts rates Updates prices throughout, adds Wall Street futures in paragraph 5 By Elizabeth Howcroft PARIS, Aug 14 (Reuters) - European stocks edged up on Wednesday and the dollar was near a one-week low after data pointing to softer inflation helped markets recover from last week's meltdown, while traders hoped that U.S.
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US clears inflation decks, NZ cut surprises

MORNING BID AMERICAS-US clears inflation decks, NZ cut surprises A look at the day ahead in U.S. and global markets from Mike Dolan Feeding off impressive disinflation and a growing list of central bank interest rate cuts around the world, global stocks and bonds are rallying anew - with today's U.S. consumer price update set to clear the deck for Fed easing next month.
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Dollar pinned near one-week low as U.S. inflation test looms

FOREX-Dollar pinned near one-week low as U.S. inflation test looms Dollar on the backfoot Pound eases on softer-than-expected inflation data Kiwi slides after rate cut Updated at 0849 GMT By Kevin Buckland and Sruthi Shankar TOKYO, Aug 14 (Reuters) - The dollar hovered near a one-week low on Wednesday as traders bet U.S. consumer price data later in the day will keep the Federal Reserve on course to cut rates next month, while sterling eased after softer-than-expected inflation numbers.
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European stocks rise as traders wait for US inflation data

GLOBAL MARKETS-European stocks rise as traders wait for US inflation data Recent data raises hopes for Fed rate cuts U.S. CPI due later in the session New Zealand cuts rates Updates throughout By Elizabeth Howcroft PARIS, Aug 14 (Reuters) - European shares rose in early trade on Wednesday after data pointing to softer inflation helped markets recover from last week's meltdown, while traders hoped that U.S.
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U.S. CPI warnings for FX as options trade 2024 highs

BUZZ-COMMENT-U.S. CPI warnings for FX as options trade 2024 highs Aug 14 (Reuters) - FX options for high beta currencies are trading their highest premiums for any U.S. CPI data so far in 2024, warning of the increased potential for the data to generate significant FX realised volatility. FX volatility is a key, yet unknown component of an FX option premium, so dealers use implied volatility as a stand-in.
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South African Markets - Factors to watch on Aug 14

South African Markets - Factors to watch on Aug 14 JOHANNESBURG, Aug 14 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Wednesday. ECONOMIC EVENTS South Africa July Business Confidence Index South Africa June retail sales data SOUTH AFRICAN MARKETS The South African rand gained against a weaker dollar on Tuesday, shrugging off lacklustre domestic mining and unemployment data.
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Asian shares rise, kiwi slumps as New Zealand cuts rates

GLOBAL MARKETS-Asian shares rise, kiwi slumps as New Zealand cuts rates Updates prices as of 0600 GMT By Stella Qiu SYDNEY, Aug 14 (Reuters) - Asian shares rose on Wednesday after soft U.S. producer prices data stirred hopes that consumer price inflation would be benign, while the kiwi dollar slumped after its central bank cut rates for the first time since early 2020. European stock futures point to a higher open as data showed British inflation rose less than expected in July.
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Welcome to the cutting club Kiwis

LIVE MARKETS-Welcome to the cutting club Kiwis Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com . MORNING BID: WELCOME TO THE CUTTING CLUB KIWIS The Reserve Bank of New Zealand is known for a tendency to surprise, and this time is no different.
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Welcome to the cutting club, Kiwis

MORNING BID EUROPE-Welcome to the cutting club, Kiwis Aug 14 (Reuters) - A look at the day ahead in European and global markets from Stella Qiu The Reserve Bank of New Zealand is known for a tendency to surprise, and this time is no different. On Wednesday, the RBNZ cut interest rates by 25 basis points to 5.25%, surprising the majority of economists polled by Reuters.
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Dollar sags after benign US inflation data; kiwi skids on rate cut

FOREX-Dollar sags after benign US inflation data; kiwi skids on rate cut Updates prices as of 0315 GMT By Kevin Buckland TOKYO, Aug 14 (Reuters) - The dollar remained on the back foot on Wednesday after tumbling versus major peers overnight as a benign reading for U.S. producer prices reinforced bets on Federal Reserve interest rate cuts this year.
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New Zealand dollar skids as RBNZ cuts rates, flags more to come

New Zealand dollar skids as RBNZ cuts rates, flags more to come By Wayne Cole SYDNEY, Aug 14 (Reuters) - The New Zealand dollar slammed into reverse on Wednesday after the central bank cut interest rates a year earlier than its own projections and signalled a lot more to come, sending bond yields diving. The Reserve Bank of New Zealand (RBNZ) wrapped up its latest policy meeting by cutting the official cash rate (OCR) by 25 basis points to 5.25%, the first easing since early 2020. "With headline
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Asian shares rise, kiwi slumps as New Zealand cuts rates

GLOBAL MARKETS-Asian shares rise, kiwi slumps as New Zealand cuts rates By Stella Qiu SYDNEY, Aug 14 (Reuters) - Asian shares rose and the dollar nursed losses on Wednesday after soft U.S. producer prices data stirred hopes that consumer price inflation would be benign, sending bond yields lower. The kiwi dollar NZD=D3 slumped 0.7% after the Reserve Bank of New Zealand cut interest rates by 25 basis points to 5.25% and projected more easing to come.
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Dollar sags after benign US inflation data; kiwi slides on rate cut

FOREX-Dollar sags after benign US inflation data; kiwi slides on rate cut Updates prices as of 0206 GMT By Kevin Buckland TOKYO, Aug 14 (Reuters) - The dollar remained on the back foot on Wednesday after tumbling versus major peers overnight as a benign reading for U.S. producer prices reinforced bets on Federal Reserve interest rate cuts this year. New Zealand's dollar dropped sharply from a four-week high after the Reserve Bank of New Zealand reduced the key cash rate, surprising some market p
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NZ delivers first rate cut in over 4 years and flags more easing, kiwi tumbles

UPDATE 5-NZ delivers first rate cut in over 4 years and flags more easing, kiwi tumbles RBNZ cuts rates by 25 bps to 5.25%, first easing in over 4 yrs RBNZ flags more cuts ahead, taking rate to 3.85% end-2025 Kiwi dlr tumbles as markets bet on more aggressive easing path Market pricing sees policy rate near 3.0% by end of 2025 Adds more comments from economist, quote from governor By Lucy Craymer WELLINGTON, Aug 14 (Reuters) - New Zealand's central bank slashed its benchmark rate for the first t
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Dollar droops after benign inflation data; kiwi firm before RBNZ decision

FOREX-Dollar droops after benign inflation data; kiwi firm before RBNZ decision By Kevin Buckland TOKYO, Aug 14 (Reuters) - The dollar remained on the back foot on Wednesday after tumbling versus major peers overnight as a benign reading for U.S. producer prices reinforced bets on Federal Reserve interest rate cuts this year. Risk-sensitive currencies stayed strong after the unexpected softening in inflation buoyed equities, even with crucial U.S.
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