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  • Credit Suisse has paid back government-backed liquidity

    Credit Suisse has repaid the liquidity it borrowed from a 100 billion Swiss franc lifeline backed by government guarantees, Swiss Finance Minister Karin Keller-Sutter said in an interview published on Wednesday. "The federal guarantees, the 100 billion, have been repaid as of yesterday," Keller-Sutter told Swiss broadcaster SRF.

  • GLOBAL MARKETS-Shares gain on U.S. debt bill passage, Fed pause talk

    Global shares rose on Thursday amid receding bets for a U.S. rate hike this month and relief over the passage through the U.S. House of Representatives of a bill to suspend the federal debt ceiling.

  • Russian rouble steadies near 81 vs dollar

    The Russian rouble steadied near 81 against the dollar on Thursday, not far from a five-week low, under pressure from lower oil prices and geopolitics, while dynamics in the supply of foreign currency were mixed. At 0744 GMT, the rouble was 0.1% weaker against the dollar at 81.17 and was unchanged at 86.55 versus the euro.

  • As Nikkei soars, Japanese investors rush for the exits

    • BY Reuters|
    • 03:49 AM ET 06/01/2023

    As foreigners pile into Japan's steepest stock market rally in years, local investors have been furiously cashing out or even betting against what many see as the beginning of a long-overdue era of profitability and returns.

  • SNAPSHOT-India stocks, rupee, swaps, call at 1:00 p.m. IST

    STOCKS: The benchmark BSE Sensex rose 25.46 points, or 0.04%, to 62,647.7, while the broader NSE index gained 11.7 points, or 0.06%, to 18,546.1 as stronger-than-expected domestic growth data boosted sentiment. RUPEE: The Indian rupee strengthened 0.27% versus the U.S. dollar, and quoted at 82.51 per dollar as better than expected GDP data drove traders to cut their long USD/INR positions.

  • European bond prices cling to this week's inflation-inspired gains

    Euro zone bond prices on Thursday held onto most of their recent gains inspired by lower-than-expected inflation data from major European markets. Germany's 10 year yield was 2.298%, up 3 basis points on the day, but down 24 bps on the week so far. Bond yields move inversely to prices.

  • Foreigners net buyers of Japanese stocks for eighth week

    Japanese stocks drew foreign inflows for an eighth week to May 26, lifted by a market rally, a weakening yen and optimism over corporate reforms to boost shareholder returns. Foreign investors purchased a net 585.84 billion yen of Japanese equities last week in an eighth week of net buying, data from exchanges showed.

  • European stocks rebound from two-month lows with inflation data in focus

    European stocks rose on Thursday on hopes the Federal Reserve could keep interest rates steady this month, while the passage of a U.S. bill through the House of Representatives brought relief to investors worried about a potential debt default. The pan-European STOXX 600 index rose 0.7% after closing at a two-month low in the previous session.

  • China's Henan plans 'zero-dynamic' end to youth unemployment

    • BY Reuters|
    • 03:18 AM ET 06/01/2023

    China's Henan province has unveiled a 100-day plan to "dynamically clear" youth unemployment as concern grows over record levels of joblessness among young adults, with millions more students due to graduate this year.

  • Major central banks renew rate hike push in May

    • BY Reuters|
    • 03:02 AM ET 06/01/2023

    The pace of interest rate hikes across major central banks showed little sign of slowing in May but the scale of the tightening tapered off, with growth woes and "sticky" inflation data prompting policymakers to tread more cautiously. All six of the central banks overseeing one of the 10 most heavily traded currencies and that met in May hiked rates.

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