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Short-bias ETFs see big inflows on stock market pullback bets

Oct 9 (Reuters) - Short-bias exchange-traded funds, which bet against stock indexes and fast-rising sectors like technology and artificial intelligence, are drawing strong inflows as lofty prices and policy risks spur some investors to position for a pullback.According to LSEG Lipper data, global short-bias funds drew $3.7 billion in September, the biggest monthly inflow in nearly three years.

Fed should be cautious on rate cuts due to inflation risks, Barr says

Oct 9 (Reuters) - The U.S. central bank should move cautiously on further interest rate cuts, Federal Reserve Governor Michael Barr said on Thursday, in a speech that leaned heavily into the risks of inflation, even as he acknowledged the potential vulnerabilities in a "roughly balanced" labor market.

Gold stays above $4,000 level, silver breaks through $50 for first time

Oct 9 (Reuters) - Gold prices eased on Thursday as some investors booked profits, but remained above the $4,000 per ounce level, as expectations of U.S. interest-rate cuts and persistent global uncertainties drove demand for the safe-haven asset.Silver, spurred by momentum in the gold market, strong investment demand and an ongoing supply deficit, breached the key psychological barrier of $50 per ounce for the first time.Spot gold fell 0.5% to $4,018.40 per ounce, as of 1022 am ET (1422 GMT). U.S. gold futures for December delivery fell 0.9% to $4,032.30.

Dollar mixed as yen selloff wanes, euro hit by French politics

NEW YORK, Oct 9 (Reuters) - The dollar was mixed on Thursday as a selloff in the Japanese yen appeared exhausted for now, while the euro was dented by political uncertainty.The yen reached its weakest level since mid-February against the greenback on concerns that Sanae Takaichi, the newly elected head of Japan's ruling party, will introduce more fiscally expansive policies.

Gold holds above $4,000; silver hits record high

Oct 9 (Reuters) - Gold prices held above $4,000 an ounce on Thursday as investors assessed the Israel-Hamas ceasefire deal, while broader geopolitical and economic uncertainty alongside expectations for U.S. rate cuts sustained bullish sentiment towards the metal.

Bank of Canada warns against over-regulation of financial sector

By Promit Mukherjee and David Ljunggren

S&P seen unlikely to follow Fitch with Italy ratings boost

MILAN, Oct 9 (Reuters) - S&P Global will probably stay on hold on Friday in its review of Italy's credit rating, currently 'BBB+' with a stable outlook, as weakening growth prospects offset progress in public finances, analysts said.

Wall St futures muted as investors await Powell's take on inflation, jobs

Oct 9 (Reuters) - U.S. stock index futures were subdued on Thursday, with investors awaiting Federal Reserve Chair Jerome Powell's comments to gauge whether the central bank was leaning more towards inflation control or labor market support.Minutes from the Fed's September meeting showed lingering inflation concerns, potentially complicating the path to aggressive interest-rate cuts that have already been priced in by markets."Central bankers are still paying lip service to their inflation mandates," said Kyle Rodda, senior financial market analyst at Capital.com.

Fed's Williams backs more rate cuts this year due to labor market slowdown risks, he tells NYT

Oct 9 (Reuters) - Federal Reserve Bank of New York President John Williams backs more interest rate cuts this year given the risk of a further slowdown in the labor market, he said in an interview published by the New York Times on Thursday.

US banks to reap bigger profits as deals rebound in third quarter

NEW YORK, Oct 9 (Reuters) - The six largest U.S. banks are expected to report stronger third-quarter earnings next week, catapulted by a rebound in investment banking.

Precious metals surge with gold's (2)4K magic in the air

SINGAPORE, Oct 9 (Reuters) - The surge in gold prices above $4,000 per ounce is spilling over into other precious metals on fears the Trump administration's unorthodox economic policies will shift the prevailing trend from de-dollarisation to outright debasement of the U.S. currency.

Investors flock to gold ETFs as metal’s price shatters records

Outsized flows into exchange-traded funds tracking gold have helped drive a spectacular rally that pushed bullion to record highs over the last month, analysts said.Spot gold prices hit another record of $3,990.85 per ounce on Tuesday, while US gold futures for December delivery edged above the $4,000 an ounce milestone. Some analysts cited the record pace at which investors are allocating money to the metal via ETFs.

Oct 08, 2025 - 3:49 PM

Congo mining firms underreported $16.8 billion in revenue, audit says

Mining companies operating in the Democratic Republic of Congo underreported $16.8 billion in revenue between 2018 and 2023, a state audit found, potentially reducing funds for the government and local communities.Under Congo’s 2018 mining code, firms must contribute 0.3% of annual revenue to community development funds that typically support schools, clinics and water systems.

Oct 08, 2025 - 3:45 PM

India’s gold ETFs hit record $10 billion AUM on biggest-ever September inflow

India’s physically backed gold exchange-traded funds (ETFs) saw their largest monthly inflow in September, pushing assets under management to a record $10 billion, as investors flocked to the precious metal amid weak stock market returns.Higher inflows into ETFs will lift gold imports to the world’s second-biggest consumer and are set to support global prices that hit records this week. The surge in imports could widen India’s trade deficit and weigh on the weaker rupee, however.

Oct 08, 2025 - 3:40 PM

Congo to tie cobalt export quotas to three-year company data

The Democratic Republic of Congo will allocate annual cobalt export quotas based on companies’ production and shipment data for the previous three years, three sources familiar with the matter told Reuters, in a major policy shift intended to curb supply from the world’s top producer.The quota system, set to take effect on October 16, replaces a months-long export suspension that disrupted supply chains and rattled electric vehicle manufacturers, particularly in leading consumer China.

Oct 08, 2025 - 3:37 PM

Russian central bank enforces state buyout offer for gold miner UGC shareholders

Russia’s central bank said on Wednesday it had sent a letter to the state property agency asking it to offer a mandatory buyout to minority shareholders in gold miner UGC.The statement confirmed an earlier report by Reuters about a legal violation by the government, which failed to make the offer after seizing a majority stake in UGC.

Oct 08, 2025 - 3:35 PM

Oil prices edge up on worries about Russian output, higher US demand

NEW YORK, Oct 8 (Reuters) - Oil prices edged up about 1% to a one-week high on Wednesday as traders expected a lack of progress on a Ukraine peace deal to keep sanctions in place against Moscow, while a weekly report showed growing U.S. oil consumption.

Oct 08, 2025 - 3:31 PM

Silver rises to all-time high, tracking gold's record-breaking rally

Oct 8 (Reuters) - Silver soared to a record high on Wednesday, riding the coattails of gold's unprecedented rally above the $4,000/oz level earlier in the session.Spot silver was up 3.5% at $49.54 per ounce by 1611 GMT.Reporting by Anushree Mukherjee and Anjana Anil in Bengaluru; Editing by Shilpi Majumdar

Oct 08, 2025 - 3:28 PM

Gold shatters $4,000 milestone, silver belts record high as investors rush to safety

Oct 8 (Reuters) - Gold surged past the $4,000 an ounce level for the first time on Wednesday, building on a record-breaking rally as broader geopolitical and economic uncertainty, as well as expectations of U.S. interest rate cuts, sent investors flocking to the safe-haven asset.

Oct 08, 2025 - 2:14 PM

Canadian dollar sticks to sideways pattern ahead of key jobs report

TORONTO, Oct 8 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Wednesday but the move was limited as oil prices rose and investors awaited domestic jobs data at the end of the week.

Oct 08, 2025 - 2:10 PM

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