UBS raises EUR/USD forecast amid US data and Fed rate cut prospects
UBS revised its forecast for the EUR/USD exchange rate, citing a lack of strength in the US dollar despite expectations that certain political events would bolster it. Contrary to these…
China’s industrial support programmes lack transparency, WTO says
By Emma Farge GENEVA (Reuters) – The World Trade Organization said on Wednesday that it was unable to get a clear picture of China’s financial support for key industrial sectors,…
Sterling needs more than higher UK rates to stay in the fast lane
By Amanda Cooper and Dhara Ranasinghe LONDON (Reuters) -The pound hit its highest in a year on Wednesday, driven by investors who are scrambling for juicier returns as global interest…
Venezuela’s rice, corn production rise as buyers loan farmers supplies
By Mayela Armas and Vivian Sequera TUREN, Venezuela/CARACAS (Reuters) – More than 300 hectares (740 acres) of verdant corn and rice planted by Roberto Latini in the western Venezuelan state…
Small caps soar in catch-up rotation, Trump jars Taiwan
(Republishes newsletter to embed graphics.) A look at the day ahead in U.S. and global markets from Mike Dolan The dramatic switch to U.S. small cap stocks over the past…
Oil prices steady amid falling US inventories, China concerns
By Arunima Kumar BENGALURU (Reuters) -Oil prices were steady on Wednesday, a day after benchmark Brent hit a one-month low, as a decline in U.S. oil stockpiles helped offset signs…
Cooling prices chill drive to add wheat acres in US Corn Belt
By Julie Ingwersen CHICAGO (Reuters) – A Biden administration drive to increase U.S. wheat plantings after the Ukraine war is faltering as wheat prices hover around four-year lows and exportable…
Gulf state UAE considers a second nuclear power plant
(Fixes bullet point) By Alexander Cornwell ABU DHABI (Reuters) -The United Arab Emirates is considering building a second nuclear power plant to meet growing demand for electricity in the oil-rich…
Morning Bid: Small caps soar in catch-up rotation, Trump jars Taiwan
A look at the day ahead in U.S. and global markets from Mike Dolan The dramatic switch to U.S. small cap stocks over the past week went into overdrive on…
Dollar slips, while yen soars on intervention talk, sterling gains after UK CPI
Investing.com – The U.S. dollar slipped to multi-month lows Wednesday, while the Japanese yen strengthened sharply and sterling climbed to a one-year high after hotter-than-expected UK inflation data. At 05:40…
