Tom Westbrook
Reuters Top News
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Stocks slide into Fed mode, shorts stalk banks
Asian stocks fell for a second session in a row on Wednesday, as global investors contended with signs of a softening U.S. economy, and were in full flight from U.S. regional lenders, ahead of an expected U.S. interest rate hike later in the day. → Read More
Stocks on edge as traders wait on central bankers
Asian shares wobbled in cautious trade on Tuesday, while the dollar was firm ahead of a series of data releases and central bank meetings that begins with the Reserve Bank of Australia later in the day. → Read More
Analysis: As banks break, markets hear the sound of peaking rates
Investors scrambled to pull down global rate expectations on Monday and abandoned wagers on steep U.S. hikes next week, reckoning the biggest American bank failure since the financial crisis will make policymakers think twice. → Read More
US bank jitters hit Asia stocks; yen drops with JGB yields after BOJ
Falling bank stocks drove Asian markets lower on Friday, while bonds rallied and expectations for U.S. interest rate rises were reduced after a surprise capital raising at a Silicon Valley startup lender unleashed fears of broader banking-system stress. → Read More
Powell's warning on higher U.S. rates pushes dollar to 3-mth high
The dollar scaled multi-month highs against most other major currencies on Wednesday after Federal Reserve Chair Jerome Powell warned that U.S. interest rates might need to go up even faster and higher than expected to rein in stubborn inflation. → Read More
Euro rally pauses ahead of Europe inflation data
The euro fell against a strengthening dollar on Thursday, after having posted its largest one-day gain in a month, ahead of euro zone inflation data that could renew the rally in the currency. → Read More
Asian stocks jump as strong China data revives reopening optimism
Asian stocks rebounded from a two-month low on Wednesday as data showing China's manufacturing activity in February expanded at the fastest pace in more than a decade cheered investors, ofsetting fears over rising interest rates. → Read More
Analysis: Investors consider battle plans amid risk of China-Taiwan conflict
The threat of China invading Taiwan, long considered a highly improbable event, has moved to the centre of global money managers' risk radars and is factoring in their investment decisions, analysts say. → Read More
Analysis: Investors wary of Chinese assets as political risk ramps up
Many large money managers are steering clear of Chinese assets, missing out on the nation's post-COVID stock market rally in the latest example of strategic concerns trumping juicy returns. → Read More
Asia stocks see bright side after Nvidia sounds upbeat
Asian stock markets eked gains on Thursday after better-than-expected revenue at chip giant Nvidia helped the sector in Taiwan and South Korea and offset worries that strong economic data so far this year is a harbinger of even more rate hikes. → Read More
Dollar rally loses steam as traders wait on Fed, data
The dollar was parked below recent peaks on Tuesday, as a three-week rally faded and traders waited on economic data to figure on whether it's warranted to push the dollar up any further. → Read More
Stocks shrug off rates risk as U.S. consumers spend
Asia's stocks rose on Thursday, with investors choosing to cheer strong U.S. retail sales data as good news for earnings rather than worry about it being likely to support interest rate rises. → Read More
Dollar finds friends after sticky U.S. inflation readout
The dollar found support in Asia on Wednesday after stubbornly high U.S. inflation suggested interest rates are going to remain high for longer than investors had expected. → Read More
Analysis: Adani's adversity raises the stakes for India and investors
As the tycoon's woes deepen, foreign investors and Indian regulators are abandoning any pretence that the conglomerate's troubles are contained and domestic markets will be spared contagion. → Read More
Stocks firm, dollar on edge ahead of Fed decision
Asia's stock markets steadied on Wednesday, with signs of a slowdown in U.S. wages bolstering hopes that the Federal Reserve could hint at an end to interest rate hikes at its meeting later in the day. → Read More
Dollar set for fourth monthly drop as Fed meeting looms
The dollar was eyeing a fourth monthly loss on Tuesday as investors reckon a peak in U.S. interest rates could swing into view as soon as this week's Federal Reserve meeting. → Read More
Analysis: Bank of Japan's grit chills bond bears
Japan's central bank appears to have scored an interim win in its long-drawn battle with bond bears. → Read More
Stocks and oil slide on rekindled recession worries
Stocks and oil prices dipped on Thursday after weak U.S. consumer data rekindled global recession worries, while Japan's yen reared up again as traders took fresh punts that the Bank of Japan will soon be tightening policy. → Read More
Yen perched near 7-month high as BOJ looms
The dollar drifted off multi-month lows on Tuesday, while the yen was perched near seven-month highs as investors held their breath for a potential policy shift at the Bank of Japan. → Read More
Stocks becalmed before potential CPI storm
Asian stocks hovered below seven-month highs on Thursday, as investors waited to see whether U.S. data will confirm inflation is in retreat, while the yen rose with a report Japan will next week review the side-effects of its ultra-easy policy. → Read More