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Chile central bank holds interest rate amid fuel price surge
March 24 (Reuters) - Chile's central bank on Tuesday held its benchmark interest rate at 4.5% in a unanimous decision, in line with expectations, as inflation remains within the bank's target range but the war in the Middle East raises oil prices and inflation expectations. Chile has made su...Reuters
Tue, Mar 24
Chile central bank holds interest rate at 4.5% amid fuel price surge
March 24 (Reuters) - Chile's central bank on Tuesday held its benchmark interest rate at 4.5% in a unanimous decision, in line with expectations, as inflation remains within the bank's target range but the war in the Middle East raises oil prices and inflation expectations.Reuters
Tue, Mar 24
Forex Today: Oil surge and weak Eurozone PMIs drive markets as US Dollar firms
The US Dollar Index (DXY) is trading around the 99.50 region, experiencing a relative surge as rising United States (US) Treasury yields and hawkish Fed expectations offset mixed risk sentiment. Elevated Oil prices reinforce inflation concerns, supporting the Greenback.Fxstreet
Tue, Mar 24
Bund yields trade near 15-year high as Middle East conflict fears linger
Investors cautious on Middle East developmentsPMI survey shows private sector growth stalls in MarchCurrent situation similar to the start of 2022 inflation shock, Citi economist saysBy Stefano Rebaudo March 24 (Reuters) - Euro zone benchmark Bund yields edged down from their highest levels in ne...Reuters
Tue, Mar 24
SNB's Tschudin says inflation likely to pick up in short term
ZURICH, March 24 (Reuters) - Swiss inflation is likely to climb somewhat over the short term, Swiss National Bank Governing Board Member Petra Tschudin said on Tuesday, pointing to upwards pressure on global energy costs.In a nod to the conflict in the Middle East, Tschudin also underlined that the ...Reuters
Tue, Mar 24
Mexico's inflation speeds up through mid-March, interest rate seen on hold
By Aida Pelaez-Fernandez MEXICO CITY, March 24 (Reuters) - Mexico's annual inflation rate accelerated in the first half of March to levels not seen since late 2024, official data showed on Tuesday, backing expectations that the central bank will keep its interest rate unchanged at its meeting...Reuters
Tue, Mar 24
WRAPUP 1-Iran war starts to hit global economy, business surveys show
US, euro zone, UK and Japan PMIs all sufferInflation expectations rise, activity dampenedSome talk of stagflation, but too early to judgeBy Balazs Koranyi and Lucia Mutikani FRANKFURT/WASHINGTON, March 24 (Reuters) - The Iran war is already taking a toll on major economies around the world, accor...Reuters
Tue, Mar 24
US fourth-quarter productivity growth revised down, but trend remains solid
WASHINGTON, March 24 (Reuters) - U.S. worker productivity growth slowed more than initially thought in the fourth quarter, but the trend remained solid and could get a boost from the rapid adoption of artificial intelligence by businesses.The sharp downgrade to productivity last quarter, which was r...Reuters
Tue, Mar 24
TREASURIES-Yields higher on elevated energy prices as Iran war persists
Yields higher as Iran war persists10-year yield last up to 4.403%Treasury to auction $69 billion in two-year notesBy Matt Tracy WASHINGTON, March 24 (Reuters) - U.S. Treasury yields inched higher on Tuesday morning as optimism over a quick easing of the Middle East crisis faded, renewing concerns...Reuters
Tue, Mar 24
US S&P Manufacturing PMI rises to 52.4, Services PMI declines to 51.1
The business activity in the US private sector continued to expand at a moderate pace in March, with S&P Global Composite Purchasing Managers' Index (PMI) coming in at 51.4 (preliminary), down slightly from 51.9 in February.Fxstreet
Tue, Mar 24
South Korea: Balanced BoK outlook under Shin – DBS
DBS Group Research economist Ma Tieying assesses South Korea’s markets after President Yoon nominated Shin Hyun-song as the next Bank of Korea (BoK) governor. She argues Shin’s focus on financial stability does not translate into imminent tightening, seeing rate hikes as unlikely.Fxstreet
Tue, Mar 24
TREASURIES-Yields inch higher as Iran conflict uncertainty persists
10-year yield last up to 4.403%Yields higher as Iran war persistsTreasury to auction $69 billion in two-yearsBy Matt Tracy WASHINGTON, March 24 (Reuters) - U.S. Treasury yields inched higher on Tuesday morning as optimism over a quick easing of the Middle East crisis faded, renewing concerns abou...Reuters
Tue, Mar 24
US business activity slips to 11-month low in March amid Iran war, S&P Global survey shows
S&P Global survey shows decline in private-sector employmentFlash U.S. Composite PMI Output Index falls to 51.4Oil prices surge over 30% due to U.S.-Iran conflictBy Lucia Mutikani WASHINGTON, March 24 (Reuters) - U.S. business activity slowed to an 11-month low in March as the war in the Midd...Reuters
Tue, Mar 24
