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Stocks weaken, dollar extends rally on Fed’s policy outlook

BLOOMBERG European stocks headed for their longest run of losses in more than five years after weak German economic data, while the dollar strengthened as investors increased bets for further Federal Reserve policy tightening. The Stoxx 600 gauge retreated for a seventh day as German industrial output declined again in July, further holding back Europe’s biggest economy. The Bloomberg dollar ...

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JPMorgan sees yen sliding 155 to dollar

BLOOMBERG The slide in the yen isn’t over, despite expectations the dollar may not be quite so strong in coming months, said the top forecaster for the currency. The yen will probably weaken to 152 against the dollar this year, and 155 in 2024, Tohru Sasaki, JPMorgan Chase & Co.’s head of Japan markets research, said in an interview. Even ...

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‘India, UAE as G20, COP28 chairs to set agenda for a new world’

ABU DHABI / WAM As respective chairs of G20 Summit in New Delhi, and COP28, the UN Climate Conference in Dubai this year, India and the UAE are bringing their synergies to use these platforms to set the agenda for a new world, a top Indian diplomat told the Emirates News Agency (WAM). In an exclusive interview with WAM at ...

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