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Euro steadies after inflation data, dollar rises vs yen as JGB auction brings relief

LONDON, Dec 2 (Reuters) - The euro steadied after data on Tuesday showed euro zone inflation was slightly hotter-than-expected, while the dollar rose against the yen as an auction of Japanese government debt drew solid demand, easing investor nerves after Monday's selloff in global fixed income.The euro was steady at $1.1608 after data showed inflation in the 20 nations sharing the euro accelerated to 2.2% last month from 2.1% in October, a small rise that is unlikely to be too concerning for the European Central Bank.

3 hours ago

TSX opens higher as Scotiabank reports robust earnings

Dec 2 (Reuters) - Canada's main stock index opened higher on Tuesday as investors welcomed strong quarterly results from Bank of Nova Scotia (BNS.TO), which kicked off the earnings season for domestic banks.At 9:30 a.m. ET (1330 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE), was up 0.21% at 31,165.92 points.Reporting by Avinash P in Bengaluru; Editing by sahal Muhammed

3 hours ago

Bonds and bitcoin find some footing, stocks eke out gains

SINGAPORE/LONDON, Dec 2 (Reuters) - Stocks made muted gains on Tuesday and both cryptocurrencies and global government bonds stabilised after the previous day's sell-off triggered by a looming interest rate hike in Japan.S&P 500 futures rose 0.2% after falls on Wall Street overnight, while broad stock indexes in Europe (.STOXX), and Asia-ex Japan (.MIAPJ0000PUS), gained 0.3% and 0.4%.

4 hours ago

US holiday shoppers shake off economic blues for online spending spree

Dec 1 (Reuters) - U.S. consumers shrugged off worries about the economy after their Thanksgiving dinners and went on a $23.6 billion three-day online shopping frenzy that exceeded analyst expectations, kicking off the holiday season.

4 hours ago

TSX futures steady as bank earnings loom

Dec 2 (Reuters) - Futures for Canada's main stock index inched higher on Tuesday following a tech-led selloff a day earlier, while investors looked ahead to the week's bank earnings for insights on the domestic economy.December futures tracking the S&P/TSX index rose 0.08% to 1826.4 points by 06:21 a.m. ET.Toronto's main stock index (.GSPTSE), fell 0.9% on Monday, snapping a six-day winning streak that had pushed it to record highs, as technology stocks suffered losses.

4 hours ago

Wall St futures inch up as markets mull Fed's next step

Dec 2 (Reuters) - U.S. stock index futures edged higher on Tuesday, steadying after Wall Street's first pullback in more than a week, as investors braced for a fresh inflation reading that could help offer clues to the Federal Reserve's upcoming policy decisions.Geopolitical developments were also in focus as special envoy Steve Witkoff and U.S. President Donald Trump's son-in-law Jared Kushner are expected to meet Russian President Vladimir Putin for talks on a possible way to end the war in Ukraine.

4 hours ago

Flurry of Fed dissents in coming meetings could pose market, political risks

WASHINGTON, Dec 1 (Reuters) - The U.S. Federal Reserve, sometimes criticized for being too consensus-driven, may see a run of divided votes on interest rates that could weaken its policy message and intensify doubts about its independence from political influence.A divide among Fed policymakers has emerged since the summer, as progress on inflation was stalling just as job creation was losing steam, putting the U.S. central bank's 2% inflation and maximum employment goals in direct conflict.

Dec 01, 2025 - 5:57 PM

Mining

High gold prices hit demand across major Asian hubs

Gold demand was subdued across major Asian markets this week, as high prices curbed retail buying even as India entered its wedding season, while in China, the removal of a tax exemption on gold purchases dented consumer appetite.This week, Indian dealers were offering a discount of up to $18 per ounce over official domestic prices – inclusive of 6% import and 3% sales levies – narrower than last week’s discount of up to $21.Domestic gold prices were trading around 126,100 rupees per 10 grams on Friday, up 4.4% from last week’s low of 120,762 rupees.

Dec 01, 2025 - 5:21 PM

Wall Street ends lower as yields climb; crypto stocks drop

NEW YORK, Dec 1 (Reuters) - U.S. stocks closed modestly lower on Monday, weighed down by a jump in Treasury yields and economic data that showed tariffs remained a drag on the manufacturing sector, as investors looked toward the Federal Reserve's policy announcement next week.The Institute for Supply Management's survey showed U.S. manufacturing contracted for a ninth straight month in November, as factories dealt with slumping orders and higher prices as the effect from tariffs lingered.

Dec 01, 2025 - 5:18 PM

TSX retreats from record high as technology shares fall

Dec 1 (Reuters) - Canada's main stock gave back some of its November gains on Monday as technology shares lost ground and investors turned their attention to the start of bank earnings season.The S&P/TSX composite index (.GSPTSE), ended down 281.00 points, or 0.9% at 31,101.78, after posting a record closing high on Friday. In November, the index advanced 3.7% as rising expectations that the Federal Reserve would cut interest rates further boosted base and precious metal prices.U.S. stocks also lost ground on Monday as long-term borrowing costs climbed.

Dec 01, 2025 - 4:39 PM

Mining

Saudi Arabia launches bidding for 13,000 sq km mineral exploration licences

Saudi Arabia opened a bidding round for three mineral exploration licences across a 13,000 square km area, the Industry and Mineral Resources Ministry said in a statement on Monday, as the kingdom accelerates efforts to tap deposits estimated at 9.4 trillion riyals ($2.50 trillion).The licences cover newly defined belts in the regions of Madinah, Makkah, Riyadh, Qassim and Hail, including areas prospective for gold, silver, copper, zinc and lead.($1 = 3.7527 riyals)(Reporting by Menna Alaa El Din, and Muhammad Al Gebaly Editing by Tomasz Janowski)

Dec 01, 2025 - 3:13 PM

Canadian dollar edges lower as factory downturn lengthens

TORONTO, Dec 1 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Monday, giving back some recent gains, as domestic data showed the manufacturing sector contracted at a steeper pace in November.The loonie was trading 0.1% lower at 1.3980 per U.S. dollar, or 71.53 U.S. cents, after moving in a range of 1.3956 to 1.3991.On Friday, the currency touched its strongest intraday level in four weeks at 1.3935 as Canadian third-quarter GDP growth surpassed forecasts.

Dec 01, 2025 - 2:12 PM

Mining

Nippon Steel sees US Steel weak performance as temporary, executive says

TOKYO, Dec 2 (Reuters) - Nippon Steel (5401.T), opens new tab sees the weak performance at its newly acquired U.S. Steel unit as temporary and remains committed to investing $11 billion to boost its profit contribution to around 250 billion yen ($1.6 billion) by 2028, an executive said.Japan's biggest steelmaker closed its $14.9 billion acquisition of U.S. Steel in June after an 18-month struggle to win U.S. government approval.

Dec 01, 2025 - 1:09 PM

Stocks fall, US yields rise as investors take breather to assess Fed moves

NEW YORK, Dec 1 (Reuters) - Global shares fell and U.S. Treasury yields rose on Monday as investors took a breather following five straight sessions of gains and ahead of key economic data that could support bets on Federal Reserve interest rate cuts.Equities on Wall Street were trading lower, with utilities, real estate and industrial stocks driving losses. Energy stocks were the top gainers as Brent crude prices rose more than 1%.

Dec 01, 2025 - 12:54 PM

Bitcoin hoarder Strategy sharply cuts annual earnings target as crypto slide deepens

Dec 1 (Reuters) - Strategy (MSTR.O), slashed its earnings forecast for 2025 on Monday, citing a weak run in bitcoin, the world's largest cryptocurrency, and announced plans to create a reserve to support dividend payments.Shares of the largest corporate holder of bitcoin slumped about 11% in afternoon trade.Bitcoin dropped below $90,000 on Monday as a selloff deepened. The cryptocurrency had shed more than $18,000 in November, marking its steepest monthly fall since mid-2021 amid renewed risk aversion.

Dec 01, 2025 - 12:37 PM

Gold touches six-week high as rate cut bets weigh on dollar; silver hits record high

Dec 1 (Reuters) - Gold prices rose to a six-week high on Monday, supported by growing expectations of U.S. interest rate cuts and a sliding dollar, while silver struck a record high ahead of key U.S. economic data.Spot gold was up 0.3% at $4,244.29 per ounce, as of 09:21 AM ET (1421 GMT), its highest since October 21. U.S. gold futures for February delivery gained 0.6% to $4,278.40.Silver was up 1.8% to $57.39 per ounce, after hitting an all-time high of $57.86 earlier.

Dec 01, 2025 - 11:54 AM

Dollar falls vs yen as BOJ hints at rate hike

NEW YORK, Dec 1 (Reuters) - The dollar weakened against the Japanese yen on Monday following Bank of Japan Governor Kazuo Ueda's strongest indication to date that a December interest rate increase could be under consideration, providing support to the embattled yen.

Dec 01, 2025 - 11:13 AM

Reuters

Latest

Gold falls on profit-booking; investors eye Fed rate cut signals

Tech rally lifts S&P 500 and Nasdaq as Fed rate cut bets grow

Dollar recovers ground vs yen; euro steadies after inflation data

Euro steadies after inflation data, dollar rises vs yen as JGB auction brings relief

TSX opens higher as Scotiabank reports robust earnings

Bonds and bitcoin find some footing, stocks eke out gains

US holiday shoppers shake off economic blues for online spending spree

TSX futures steady as bank earnings loom

Wall St futures inch up as markets mull Fed's next step

Flurry of Fed dissents in coming meetings could pose market, political risks

High gold prices hit demand across major Asian hubs

Wall Street ends lower as yields climb; crypto stocks drop

TSX retreats from record high as technology shares fall

Saudi Arabia launches bidding for 13,000 sq km mineral exploration licences

Canadian dollar edges lower as factory downturn lengthens

Nippon Steel sees US Steel weak performance as temporary, executive says

Stocks fall, US yields rise as investors take breather to assess Fed moves

Bitcoin hoarder Strategy sharply cuts annual earnings target as crypto slide deepens

Gold touches six-week high as rate cut bets weigh on dollar; silver hits record high

Dollar falls vs yen as BOJ hints at rate hike

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