The Canadian dollar edged higher
against its U.S. counterpart on Wednesday but gains were capped
ahead of a 2-month high that was notched the day before, as oil
prices fell and investors weighed data ...
With prices rising and economic growth slowing, many investors are looking to the past in a bid to divine where U.S. markets might be headed next. In both periods energy prices, inflation expectations and bond yields rose, alongside anemic growth and central banks moving toward tighter monetary policy.
U.S. stocks fell on Wednesday and two-year Treasury yields clung to 18-month highs after data showed inflation ran faster than expected in September, cementing bets that policy tightening by the Federal Reserve is in the offing.
* Oil drops from Monday's multi-year highs. * Dollar dips from Tuesday's one-year high. * U.S., German bond yields edge off highs. By Carolyn Cohn. U.S. stock futures ticked up and European stocks reversed early losses on upbeat earnings on Wednesday, though markets were jittery ahead of U.S. consumer price data later in the session and oil dropped from recent multi-year highs.
German bond yields fell for the first time in four sessions on Wednesday, retreating from their highest in nearly five months, caught up in a broader bond rally as markets unwound some of the recent surge in government borrowing costs.
Central European currencies
moved sideways on Wednesday, unable to get significant support
from rate hike expectations in the region as a stronger dollar
and rising U.S. treasury yields kept ...
* Tapering fears cap gold's advance - analysts. * U.S. consumer price inflation data due at 1230 GMT. * Dollar eases off more than one-year high. By Arundhati Sarkar. Gold prices rose on Wednesday, boosted by concerns of an economic hit from soaring energy prices and a slight retreat in the dollar, as investors braced for U.S. inflation data.
German bond yields touched their highest in nearly five months on Wednesday ahead of U.S. inflation data that will shed further light on the Federal Reserve's likely monetary policy path. Consumer prices are expected to have risen 5.3% in September, according to a Reuters poll, unchanged from August.
Yields on long-dated Japanese government bonds fell on Wednesday, tracking U.S. Treasury yields lower, but declines were capped in the absence of market-moving cues.
A look at the day ahead from Saikat Chatterjee. Even by the conservative standards of global organisations, the International Monetary Fund is known for its cautious forecasts. So ahead of the release of September U.S. CPI, the big data point of the day, markets are nervous.
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