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Kiwi set to recover from sharp selloff

Bloomberg The New Zealand dollar looks poised to recover from its sharp selloff this month, with technical support, a yield advantage over the US and hedge-fund bets pointing to gains in the kiwi ahead of a pivotal central bank decision. A 50 basis points hike by the Reserve Bank of New Zealand could amplify gains, while a 25 basis points ...

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Bailey justifies BOE stance, says inflation risks are two-sided

Bloomberg UK economic activity is slowing and supply-side issues are stoking prices, underlining the “two-sided” debate over inflation, Bank of England (BOE) Governor Andrew Bailey said. Reinforcing comments from Chief Economist Huw Pill, Bailey said it’s not the bank’s job to fix supply chain issues that have hampered economies around the world. “The proximate cause of many of these inflation ...

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US futures jump as China bets calm cautious mood

Bloomberg US equity futures rise as Chinese signals for possible easing measures outweighed concern over virus curbs in Europe. European stocks were boosted by deal activity. December contracts on the S&P 500 and Nasdaq 100 Index rise 0.3% each after a cautious week that saw the benchmark gauge underperform the technology measure. Telecom Italia SpA jumped as much as 30% ...

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