Wall Street Week Ahead: Fed shift causes rally in value stocks to wobble
NEW YORK (Reuters) - The Federal Reserve's hawkish shift is forcing investors to reevaluate the rally in so-called value stocks, which have taken a hit in recent days after ripping higher for most of the year.
Exclusive: Fed's Kashkari opposed to rate hikes at least through 2023
(Reuters) - Minneapolis Federal Reserve President Neel Kashkari said on Friday he wants to keep the U.S. central bank's benchmark short-term interest rate near zero at least through the end of 2023 to allow the labor market to return to its pre-pandemic strength.
Exclusive: OPEC told to expect limited U.S. oil output growth, for now - sources
LONDON (Reuters) - OPEC officials heard from industry experts that U.S. oil output growth will likely remain limited in 2021 despite rising prices, OPEC sources said, giving it more power to manage the market in the short term before a potentially strong rise in shale output in 2022.
Fed's Bullard looks to a bond-buying taper not on 'automatic pilot'
(Reuters) - The coming reduction in the Federal Reserve's bond purchases may bear little resemblance to the "automatic pilot" tapering exercise the U.S. central bank conducted seven years ago, as officials grapple with volatile data - on inflation in particular - during the rebound from the COVID-19 pandemic, a Fed official said on Friday.
'Quadruple witching' Friday to see $818 billion single stock options expiration - Goldman
(Reuters) - A near-record dollar amount of single stock equity options -totaling $818 billion - is set to expire at the close of trading on Friday afternoon, potentially driving sharp moves in some stocks throughout the day, Goldman Sachs analysts wrote.
Australia takes wine dispute with China to WTO
MELBOURNE (Reuters) -The Australian government said on Saturday it was lodging a formal complaint with the World Trade Organization over China's imposition of anti-dumping duties on Australian wine exports, escalating further the trade standoff with Beijing.
Global equity funds see biggest inflows in three weeks - Lipper
(Reuters) - Investment flows into global equity funds jumped to the highest in three weeks in the week ended June 16, as investors shrugged off inflation worries and focused on the improving global economic outlook.
Take Five: U.S. housing, the BoE and Tokyo's Olympics preparations
(Reuters) - 1/ HOME INSPECTION
Mexico's president sees faster return to pre-pandemic economy
MEXICO CITY (Reuters) -Mexico's President Andres Manuel Lopez Obrador said on Friday he expects that by the third quarter the Mexican economy will reach pre-pandemic levels, after gross domestic product contracted by some 8.5% last year driven by pandemic-related fallout.
Japan keeps budget goal intact for now but aims to reassess it later
TOKYO (Reuters) -Japan's government pledged on Friday to keep its goal of achieving a primary budget surplus by fiscal 2025, with a caveat that the target will be reassessed this fiscal year due to COVID-19 pandemic, leaving room for a possible delay in fiscal reform.