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...Also on Tuesday, India’s rupee fell 0.1 per cent to a record low of 83.525 against the dollar, the Korean won dropped 0.8 per cent to 1,395, a 17-month low that forced a verbal intervention by the authorities...
...Nine FOMC members still expect three quarter-point rate cuts this year, leaving the Fed’s benchmark rate at 4.5-4.75 per cent by the end of the year....
...Housing starts in March plunged 14.7 per cent from the previous month to a seasonally adjusted annualised rate of 1.32mn, the US commerce department said....
...Co-founder and chief executive Steiner is in line for a share award worth about £14.8mn — or as much as 1,800 per cent of his £824,570 base salary — from 2027 if Ocado’s share price reaches £29.69 in three...
...The biggest declines on an annual basis were 14.4 per cent in Luxembourg, 7.1 per cent in Germany, 4.4 per cent in Finland and 3.6 per cent in France....
...The CLEWI climbed 4.9 per cent in 2023 — above the 3.4 per cent rise in US CPI in the same period — following increases of 7 per cent in 2022 and 10.1 per cent in 2021....
...The policy-sensitive two-year Treasury yield was up 0.1 percentage point at a one-month high of 4.47 per cent, while the 10-year yield climbed 0.14 percentage points to 4.17 per cent....
...Treasuries rallied, pushing the yield on the two-year note down 0.14 percentage points to 4.22 per cent. The yield on the 10-year note fell 0.13 percentage points at 3.92 per cent....
...Interest rate sensitive 2-year gilt yields dropped from 4.14 per cent ahead of the announcement to 4.12 per cent, down 0.11 percentage points on the day....
...Treasuries rallied, pushing the yield on the 2-year Treasuries down 0.14 percentage points to 4.22 per cent. The yield on the 10-year note fell 0.13 percentage points at 3.92 per cent....
...Benchmark 10-year Treasury yields rose 0.14 percentage points to 4.32 per cent as prices fell....
...The region-wide Stoxx Europe 600 fell 0.4 per cent shortly after the opening bell. France’s luxury-heavy Cac 40 slipped 0.7 per cent, London’s FTSE 100 fell 0.1 per cent and Germany’s Dax was flat....
...The yield on the two-year Treasury was up 0.14 percentage points to 4.35 per cent. The yield on the 10-year bond rose 0.04 percentage points to 4.11 per cent....
...Ocado: Shares in the UK-based grocery retailer and fulfilment platform slipped 1.6 per cent in the first trading session since investors were urged to vote against a £14.8mn share award for its chief executive...
...The yield on the two-year note jumped as much as 0.24 percentage points to almost 4.99 per cent and near the 5 per cent threshold it most recently touched on November 14....
...Ulta shares were down 14 per cent during lunchtime trading in New York. Peers e.l.f. Beauty, Coty and Estée Lauder were lower by 9.7 per cent, 5.1 per cent, and 4 per cent, respectively....
...The maker of Dettol disinfectant, Durex condoms and Nurofen said like-for-like revenues rose 3.5 per cent to £14.6bn, lower than the 4.1 per cent uplift expected by analysts....
...Target noted consumer spending for discretionary categories remained under pressure, however, reporting a fall in comparable sales of 4.9 per cent....
...Vincent Reinhart, a Fed veteran who is now at Dreyfus and Mellon, pointed to a rise in the consumer price index — another inflation gauge monitored by the Fed — from 3.1 per cent in November to 3.4 per cent...
...Monetary policy could well ease, particularly if inflation falls sharply, and indeed the market currently expects the Fed to cut rates by 1.4 percentage points over the coming two years....
...Its peer Barratt Developments was up by almost 1 per cent....
...Unemployment is expected to tick up only slightly, from 3.8 per cent now to 4.1 per cent. Additional reporting by Jennifer Hughes in New York...
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