Wall St to bounce at open as debt ceiling, inflation worries cool

(Reuters) -U.S. stocks were set to open higher on Thursday after a temporary truce in the debt-ceiling standoff in Congress relieved concerns of a possible government debt default, while a dip in oil prices eased worries of higher inflation.A specialist

Dollar near 14-month high to euro, focus on inflation

LONDON (Reuters) – The dollar held close to a 14-month high against the euro on Thursday, as a surge in energy prices raised the risk for the U.S. Federal Reserve to act sooner to normalise policy.FILE PHOTO: U.S. one hundred

Wall Street ends higher on optimism about U.S. debt-ceiling deal

(Reuters) – Wall Street ended higher on Wednesday as investors grew more optimistic that congressional Democrats and Republicans could reach a deal to avert a government debt default.FILE PHOTO: Traders work on the floor of the New York Stock Exchange

Analysis-Buying the dip? Not so fast, some Wall St banks say

NEW YORK (Reuters) -Scooping up stocks after pullbacks has been a winning bet for investors over the past decade but some Wall Street strategists are pointing to a multitude of risks that could come with jumping into equities after their

IMF sees inflation subsiding in 2022, supply risks may keep it elevated

WASHINGTON (Reuters) – The International Monetary Fund said on Wednesday that headline consumer price inflation should peak this fall and recede to pre-pandemic levels by mid-2022, but risks remain that shortage-driven inflation spikes could prove more persistent, unanchoring expectations.FILE PHOTO:

Tesco hails supply chain resilience as half-year profits double

The UK’s largest retailer has reported a doubling of first-half profits and raised its full-year outlook – shrugging off the challenges posed by supply chain disruption in the industry. Tesco said it had grown sales during the first six months

Asian shares fall with oil at multi-year highs, U.S. yields surge

HONG KONG (Reuters) – Asian shares dropped on Wednesday and U.S. benchmark yields rose to a three-and-a-half month top as investors stayed jittery about inflation with oil prices reaching new multi-year highs.Slideshow ( 2 images )MSCI’s broadest index of Asia-Pacific

Hong Kong property agencies suing Evergrande to recover commissions

HONG KONG (Reuters) – Two Hong Kong property agencies are suing heavily indebted China Evergrande Group over unpaid commissions, according to a court filing and media reports, piling pressure on the developer as it scrambles to raise funds and avert