Central Banks Look to Increase Gold Reserves As Geopolitical Worries Mount
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Gold Hits Fresh High-and Wall Street Seeks a 'Mystery Buyer'
Gold futures closed at their latest record-high. Analysts are struggling to understand why.The Wall Street Journal - World -
Gold Futures Hit New Record on Central Bank Buying, Safe-Haven Demand
Gold futures have set another record high, with the rally driven by central bank purchases, safe-haven demand and geopolitical tensions.The Wall Street Journal - World -
ECB June rate cut looks increasingly likely — but there are 'still some caveats,' German central bank chief says
Several ECB officials have made remarks about their expectations for interest rates in recent days.CNBC - Business -
Oil Prices Rise as Geopolitical Tensions Increase
Oil prices rose close to 1% as geopolitical risks remain high on Middle East tensions and the increased targeting of downstream infrastructure in the Russia-Ukraine war.The Wall Street Journal - World -
Reserve Bank of New Zealand to Keep Rates at Restrictive Level
The Reserve Bank of New Zealand left its official cash rate steady, but signaled that the rate will need to remain restrictive for some time given that inflation remains high.The Wall Street Journal - World - New Zealand -
Singapore Central Bank Keeps Policy Unchanged
Singapore’s central bank kept its monetary policy unchanged as it cautioned that inflation is set to stay high for at least a few quarters.The Wall Street Journal - World -
China's Central Bank Holds Key Policy Rates
The People’s Bank of China kept key policy rates steady and drained liquidity from the banking sector as economic data shows fresh signs of weakness.The Wall Street Journal - World - China -
As world's central banks wrestle with when to cut rates, Europe signals it's ready to move
The European Central Bank has opened the door for an interest rate cut as early as its June meetingABC News - World -
Jamie Dimon’s inflation worries look prescient. Now what?
Perhaps it could be not just ‘higher for longer’ but ‘higher forever’Financial Times - Business -
IMF Chief Warns Central Banks Against Cutting Too Soon
Central banks should resist the temptation to lower their key interest rates too early and risk a resurgence of inflation, International Monetary Fund Managing Director Kristalina Georgieva said.The Wall Street Journal - World -
Rising Oil Price Could Make Central Banks Cautious With Rate Cuts
A rising oil price could halt or even reverse the recent trend of falling inflation, potentially leaving central banks cautious about cutting interest rates, DZ Bank said.The Wall Street Journal - World -
Philippines-China Tensions Hitting Peso, Central Bank Chief Says
Yahoo News - World - China -
Inflation worries and geopolitical uncertainty weighed on markets with the Dow, S&P 500 and Nasdaq falling 1.2%, 1.5% and 1.6%, respectively. All three major indexes lost ground for the week.
Inflation worries and geopolitical uncertainty weighed on markets with the Dow, S&P 500 and Nasdaq falling 1.2%, 1.5% and 1.6%, respectively. All three major indexes lost ground for the week.The Wall Street Journal - World -
Couples say they trust each other when it comes to retirement — but many have mounting anxiety and secret bank accounts
More than 90% of couples say they share retirement goals and values, but a closer look often reveals significant differences.MarketWatch - Business -
Big bank profits likely fell in first quarter but investors don't seem worried
Profits at big banks are not expected to dazzle when first-quarter results are released in coming days, but investors are more focused on the rest of 2024.Yahoo Sports - Sports -
The Fed is determined not to reduce interest rates too soon, experts say — a mistake the central bank has made in the past
The Fed is determined not to reduce interest rates too soon, experts say — a mistake the central bank has made in the past.CNBC - Business -
European Central Bank to stand pat but faster-than-the-Fed rate cuts may hit euro
The European Central Bank is expected on Thursday to leave interest rates at record highs but to imply that a cut in borrowing costs is likely by the summerMarketWatch - Business - Europe -
European Central Bank gives strong signal that cuts are on the way despite Fed uncertainty
The euro zone's central bank held interest rates steady for a fifth straight meeting.CNBC - Business - Federal Reserve -
Central banks must resist pressure for early rate cuts, says IMF head
Kristalina Georgieva also cautions of danger of ‘tepid twenties’ – a decade of sluggish economic growth. Business live – latest updatesUK politics – latest updatesThe world’s leading central banks must resist calls from politicians for early ...The Guardian - World -
European Central Bank Signals Coming Rate Cut, Setting Up Split With Fed
The bank held rates for the fifth consecutive time, but said confidence was growing that inflation would return to its target and it could ease its stance soon.The New York Times - Business - Federal Reserve -
Middle East tensions pose the biggest threat to rate cuts, European Central Bank policymaker says
Geopolitical risk is the biggest threat to a prospective June rate cut from the European Central Bank, according to ECB policymaker Robert Holzmann.CNBC - Business -
European Central Bank should cut in June to avoid falling behind inflation curve, policymaker says
The European Central Bank should cut interest rates in June to avoid falling behind the inflation curve, according to one ECB policymaker.CNBC - Business -
Third South Dakota tribal nation bans Noem from reservation
The Standing Rock Sioux Tribe has become the third tribal nation to ban South Dakota Kristi Noem (R) from its reservation land. On Wednesday, the Standing Rock Tribal Council voted to ban Noem from its land for “racially charged” comments she made ...The Hill - Politics -
This one-year CD now pays 5.36% — thanks to the Federal Reserve
There are safe places to park your money and get a decent return.MarketWatch - Business - Federal Reserve -
On markets and geopolitics, it is a mistake to forget about shale
The impact of world events on the oil price has declined over timeFinancial Times - World -
China Exports Rise as Trade Tensions Mount
Exports picked up in the first quarter of the year, a sign that Beijing’s push to lift growth by propping up manufacturing is getting results.The Wall Street Journal - World - China -
Multiple South Dakota tribal nations ban Noem from reservation land: What to know
Multiple tribal nations in South Dakota have banned Gov. Kristi Noem (R) from their reservation land, citing her immigration, crime and race-related remarks. Relations between the governor and the tribes have been strained since she took office in ...The Hill - Politics -
What Worries Me Most About a Trump Presidency
He could transform our government into a modern Tammany Hall, installing a kleptocratic leadership that will be difficult to dislodge.The New York Times - Top stories - Donald Trump -
Ex-prosecutor 'worried' about Trump jurors' safety
Former federal prosecutor Ankush Khardori said he is “worried” about the safety of the jurors who will be seated in former President Trump’s hush money trial. Khardori told CNN’s Wolf Blitzer that some of the jurors may be concerned about the ...The Hill - Politics - Donald Trump -
Investors Worry About Stagflation But Consider Boom Possible
Stagflation is still the consensus view among investors, but concerns about this prospect are starting to ebb amid growing optimism about global growth, according to Bank of America’s global fund manager survey for April.The Wall Street Journal - World -
WTO forecasts rebound in global trade but keeps geopolitical risks in focus
The World Trade Organization said Wednesday that it expects global trade to rebound gradually this year before rising further in 2025 as the impacts of higher inflation fall into the rearview mirror.CNBC - Business -
Investors should buy the dip after Iran attack, but be ready with these hedges, says Citi
Oil prices probably won’t spike, but buy the yen if they do.MarketWatch - Business - Iran -
The US and Europe need a strategy for the geopolitical contest over AI
Rising middle powers will play a key role in the struggle for global technological supremacyFinancial Times - World -
With the market oversold, we're buying a geopolitical hedge and an unfairly punished beer stock
The market has fallen to a level that calls for dipping into our large cash position.CNBC - Business -
Oil prices settle at three-week low with U.S. supplies up a fourth week in a row
Oil futures declined on Wednesday for a third straight session, with prices falling to their lowest in three weeks.MarketWatch - Business -
Why grim geopolitics kept EU leaders busy over dinner
Also in this newsletter: Competition hawks fret over Enrico Letta’s plans for EU merger rulesFinancial Times - World - European Union -
Inflation surged higher in March, reversing some progress made in cooling prices
The fight to reduce inflation has struck a rough patch in recent months.ABC News - Top stories -
Bank of America Earnings Drop, Under Pressure From Higher Rates
The bank reported an 18% drop in first-quarter profit, but still topped expectations with strong performances from its Wall Street and wealth-management operations.The Wall Street Journal - World -
Terror attack creates a central Asian dilemma for Putin
Tajiks are among those blamed for the massacre but Russia’s war economy depends on immigrant Muslim workersFinancial Times - World -
IDF launches renewed operation in central Gaza Strip
Yahoo News - World