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CORRECTED-Major brokerages expect ECB rate hikes, delayed BoE cuts as inflation risks rise (April 1)
April 1 (Reuters) - Global brokerages are increasingly betting the European Central Bank could raise rates as early as April, while pushing back rate-cut expectations for the Bank of England, after policymakers warned the U.S.-Israeli war on Iran is stoking inflation risks.J.P. Morgan said on Wednes...Reuters
a minute ago
Energy crisis raises concerns for financial stability, ECB's Panetta warns
By Giuseppe Fonte ROME, April 2 (Reuters) - Tensions in the energy markets due to the U.S.-Israeli war on Iran are a cause of concern for their potential repercussions on financial stability, European Central Bank Governing Council member Fabio Panetta said on Thursday.Addressing a conference in ...Reuters
2 hours ago
Tesla's China-made EV sales rise for second straight quarter
BEIJING, April 2 (Reuters) - Tesla's China-made electric vehicle sales rose for a second consecutive quarter, holding up despite intensifying competition as the U.S. automaker broadened its focus beyond EVs.Sales of Model 3 and Model Y cars made in Tesla's Shanghai factory, including exports...Reuters
2 hours ago
Tesla's China-made EV sales rise 8.7% in March
BEIJING, April 2 (Reuters) - Sales of Tesla's China-made electric vehicle grew 8.7% from a year earlier to 85,670 vehicles in March, extending gains for a fifth month, as the U.S. automaker navigated intensifying competition and increasingly pivoted beyond EVs.Sales of Model 3 and Model Y cars m...Reuters
2 hours ago
Singapore fuel oil inventories ease to four-week lows
SINGAPORE, April 2 (Reuters) - Onshore fuel oil inventories in Singapore retreated to their lowest in four weeks, but stayed above typical average levels, data showed on Thursday. Residual fuel stockpiles were down 4.3% at 23.47 million barrels (about 3.70 million metric tons) in the week to April ...Reuters
4 hours ago
ECB Simkus: Too early to say what we'll need to do in April
European Central Bank (ECB) Governing Council (GC) member and Governor of the Lithuanian central bank, Gediminas Simkus, said during European trading hours on Thursday that the central bank needs to exercise caution on interest rates as the situation is changing.
Fxstreet
4 hours ago
Swiss inflation hits one-year high as fuel prices rise
By John Revill ZURICH, April 2 (Reuters) - Swiss inflation rose to its highest level in a year in March, government data showed on Thursday, albeit less than expected, as the country absorbed higher fuel costs triggered by the conflict in the Middle East.Consumer prices rose by 0.3% last month, c...Reuters
4 hours ago
