Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
LONDON, Sept 11 - Global shares rose on Monday thanks in part to a burst of risk appetite, with the yen jumping by the most against the dollar in two months after the head of the Bank of Japan hinted at an eventual shift away from negative interest rates.
The dollar dropped by as much as 1.3% to 145.91 yen and was last down 0.6% on the day at 146.955 - within sight of last week's high of 147.87, a level at which traders were preparing for the BOJ to possibly intervene outright in the markets to prop up the currency. This week holds a number of major risk events, such as the European Central Bank policy meeting and a key reading of U.S. monthly inflation, which will likely temper a broader rally, according to City Index strategist Fiona Cincotta.
The core rate, which excludes food and energy prices and is more of a focus for the Fed, is expected to have slowed to an annual rate of 4.3% from 4.7% in July. A separate report showed new lending almost quadrupled in August, a sign of the central bank's efforts to shore up growth.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European shares hit 1-week high on China optimism; focus on US CPI, ECB meetKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
Sterling gets a lift from dollar's decline vs yenKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
Futures advance on Tesla boost, inflation data in focusKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
Analysis-BOJ's hawkish tilt suggests end to super-easy policy approachingBy Leika Kihara TOKYO (Reuters) - Bank of Japan policymakers are increasingly talking up the need to shift away from the massive monetary stimulus of ...
Read more »
BOJ's hawkish tilt suggests end to super-easy policy approachingMarket News
Read more »
Premarket: World shares rise, U.S. dollar drops vs yen after BOJ hint of exit from negative ratesGlobal stocks gain as risk sentiment improves; copper rises on signs of stabilization in Chinese economy
Read more »