It’s the most hotly anticipated Bank of England decision since, well, three weeks ago.
- Markets Await Bank of England Moves Amid Signals of Interest-Rate Cut, Stimulus – WSJ (subscription)
The global economic outlook has become more uncertain after Britain’s vote to leave the European Union, the European Central Bank said on Thursday, reaffirming its readiness to act if needed to support euro zone inflation.
The best that can be said for Italy’s latest plan to rescue its third-largest bank is that it might just work.
Senior Justice Department officials objected to sending a plane loaded with cash to Tehran at the same time that Iran released four imprisoned Americans, but their objections were overruled by the State Department, according to people familiar with the discussions.
After more than a year of gridlock, the upper house of India’s parliament approved a contentious overhaul of the country’s convoluted tax system, an important step in Prime Minister Narendra Modi’s campaign to modernize Asia’s No. 3 economy.
Goldman Sachs Group Inc. has agreed to pay $36.3 million to settle allegations it misused confidential regulatory materials leaked from the Federal Reserve, the latest twist in a lengthy investigation.
Virtu Financial has signed a three year deal with JP Morgan to provide technology and market access to the dealer-to-dealer US Treasury market.
ICAP’s EBS average daily volumes (ADV) were up 1% year on year in July, standing at $83 billion. Nevertheless, volumes saw a sharp drop on a month on month basis in July, being down by 15% compared to June, ICAP reports.
Toyota Motor Corp. lowered its fiscal-year profit forecast as a strong yen cut earnings from vehicles sold outside Japan and U.S. consumers bought fewer Camry, Corolla and Prius vehicles.
Shares rose in Europe and Asia, lifted by gains in financial stocks, while sterling dipped against the dollar before a Bank of England policy meeting expected to deliver a first cut in interest rates since 2009.
Emerging-market stocks and currencies rose for the first time in three days as oil extended a rebound, reviving demand for higher-yielding assets.
A gauge of the dollar moved in a range of less than 0.3 percent on Thursday as investors awaited key U.S. jobs data to assess the Federal Reserve’s path on interest rates.
The bad news just doesn’t stop for Asia’s worst-performing currency.
Oil prices jumped more than 3 percent on Wednesday, with U.S. crude futures returning to above $40 a barrel, after a larger-than-expected gasoline draw offset a surprise build in crude stockpiles in the No. 1 oil consumer.