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US, European stocks pause near record highs ahead of central bank actions, jobs data

GLOBAL MARKETS-US, European stocks pause near record highs ahead of central bank actions, jobs data Fed's Powell, ECB meeting to help refine rate outlooks U.S. Feb payrolls data in focus Bitcoin closes in on record high Oil prices reverse gains after OPEC+ extends output cuts Updates to 1038 EST (1538 GMT By Stephen Culp NEW YORK, March 4 (Reuters) - Wall Street followed European counterparts into the red on Monday and U.S.
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What to expect in 2024: Fed pivot, cooling inflation, easing growth

FACTBOX-What to expect in 2024: Fed pivot, cooling inflation, easing growth Updates with Barclays and BofA's forecasts for S&P 500; Goldman Sachs estimates March 4 (Reuters) - Global growth will likely slow this year, but a dovish tilt in the Federal Reserve's stance has raised hopes for the U.S. economy and brightened the outlook for riskier assets, according to big banks.
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Sterling eyes trend highs above 1.27 pre-Powell testimony

BUZZ-COMMENT-Sterling eyes trend highs above 1.27 pre-Powell testimony GBP/USD bulls appear keen to test recent trend highs just above 1.27 as traders await congressional testimony by Federal Reserve Chair Jerome Powell on Wednesday and Thursday, and key payrolls data on Friday. Powell will no doubt continue to cheerlead the U.S. economic recovery from pandemic doldrums, while maintaining that while inflation remains high the Fed remains focused on bringing inflation back to target while adherin
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EUR/USD may get volatilty boost on data, c.bank risks

BUZZ-COMMENT-EUR/USD may get volatilty boost on data, c.bank risks March 4 (Reuters) - EUR/USD traded slightly higher Monday, albeit near the mid-point of the 1.0790-1.0890 zone which has contained it since mid-February, with investors focused on a big week of data and central bank risks they hope can raise volatility from its 2-year lows . February HCOB services and composite PMI revisions, January retail sales and the European Central Bank meeting risks loom for the euro zone this week.
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FX options wrap - Risk dilemma, March BoJ, EUR/USD put, CNH low

BUZZ-FX options wrap - Risk dilemma, March BoJ, EUR/USD put, CNH low FX option implied volatility continues to probe ever new 2-year lows amid a lack of actual and expected FX realised volatility. This low FX volatility environment looks set to persist until there are signs of potential policy divergence . While impending data like Friday's U.S. NFP may offer some clues, traders face a dilemma .
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Dollar edges down vs euro as eventful week kicks off

FOREX-Dollar edges down vs euro as eventful week kicks off Updates prices, market activity and comments; changes dateline from previous TOKYO/LONDON By Saqib Iqbal Ahmed NEW YORK, March 4 (Reuters) - The U.S. dollar edged down against the euro on Monday, at the start of an action-packed week for markets with Britain's budget, a European Central Bank meeting, U.S.
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Forint retreats to fresh low as budget draws attention

CEE MARKETS-Forint retreats to fresh low as budget draws attention Updates throughout with Hungary budget details PRAGUE, March 4 (Reuters) - The forint retreated to its lowest level in nearly a year on Monday and bond yields ticked up as Hungary pushed back plans to lower its budget deficit below a European Union-prescribed ceiling. Speaking at an economic forum where a year ago he had criticised central bank policy, Hungarian Prime Minister Viktor Orban said the government aimed to cut the def
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Sterling ticks up, traders look ahead to Wednesday's budget

Sterling ticks up, traders look ahead to Wednesday's budget LONDON, March 4 (Reuters) - The pound rose against the dollar on Monday and was steady on the euro at the start of a busy week for markets in which the main event in Britain is Wednesday's budget. Sterling was last up 0.2% against the dollar at $1.2681 GBP=D3 as a broad positive tone across markets caused a weakening in the greenback.
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Nikkei leads world higher in event-packed week ahead

GLOBAL MARKETS-Nikkei leads world higher in event-packed week ahead UK Blue chip stocks lag EU peers: https://reut.rs/49uznej Nikkei clears 40,000, S&P 500 futures flat Fed's Powell, ECB meeting to help refine rate outlooks U.S. Feb payrolls, China stimulus measures in focus Oil prices up as OPEC+ extends output cuts Recasts, adds quote in paragraph 3, updates prices throughout By Nell Mackenzie and Wayne Cole LONDON/SYDNEY, March 4 (Reuters) - Wall Street looked to open lower on Monday as inves
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Euro, pound edge up at start of busy week ahead for investors

FOREX-Euro, pound edge up at start of busy week ahead for investors Updates at 1200 GMT By Kevin Buckland and Alun John TOKYO/LONDON, March 4 (Reuters) - The U.S. dollar weakened slightly on Monday, at the start of an action-packed week for markets with Britain's budget, a European Central Bank meeting, U.S. jobs data and important political moments in both China and the U.S.
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Sterling building for another test of key resistance

BUZZ-COMMENT-Sterling building for another test of key resistance March 4 (Reuters) - Against a backdrop of interest rate uncertainty, the longer-term direction of sterling remains clouded but from a shorter-term chart perspective the pound is building for a test of key resistance versus the dollar. On the daily chart GBP/USD based marginally below a 61.8% Fibonacci retracement level on March 1. Price rebounded from 1.2600 to 1.2653 by the close, setting up a positive start on Monday.
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Speculators have become more optimistic for the dollar

BUZZ-COMMENT-Speculators have become more optimistic for the dollar March 4 (Reuters) - FX speculators have become more optimistic about the U.S. dollar as key daily chart support should limit the downside and could lead to eventual gains. The U.S. dollar drifted within a tight range on Monday, pressured by lower Treasury yields, as traders waited for more crucial economic data for fresh clues on the timing of Federal Reserve interest rate cuts.
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London stocks fall in run-up to budget; Hipgnosis drops to all-time low

UPDATE 2-London stocks fall in run-up to budget; Hipgnosis drops to all-time low For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Hipgnosis falls after dividend halt Mondi slides on report of higher takeover bid for DS Smith FTSE 100 down 0.6%, FTSE 250 off 0.5% Updated at 1651 GMT By Shubham Batra and Shristi Achar A March 4 (Reuters) - British stocks started the week on a downbeat note, with a sell-off across all sectors except precious
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Currency markets steady, busy week ahead for investors

FOREX-Currency markets steady, busy week ahead for investors Updates to 0910 GMT, recasts with European open By Kevin Buckland and Alun John TOKYO/LONDON, March 4 (Reuters) - The U.S. dollar weakened slightly on Monday, at the start of an action-packed week for markets with Britain's budget, a European Central Bank meeting, U.S. jobs data and important political moments in both China and the U.S.
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Nikkei leads world higher in event-packed week ahead

GLOBAL MARKETS-Nikkei leads world higher in event-packed week ahead UK Blue chip stock lag EU peers: https://reut.rs/49uznej Nikkei clears 40,000, S&P 500 futures flat Fed's Powell, ECB meeting to help refine rate outlooks U.S. Feb payrolls, China stimulus measures in focus Oil prices up as OPEC+ extends output cuts Adds quote in paragraph 5, updates prices throughout By Nell Mackenzie and Wayne Cole LONDON/SYDNEY, March 4 (Reuters) - World shares tipped higher Monday as a mixed European open co
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When will FX volatility pick up from 2-year lows?

BUZZ-COMMENT-When will FX volatility pick up from 2-year lows? March 4 (Reuters) - FX volatility as measured by FX options is the lowest in over 2 years and shows no sign of increasing, so what will it take for that to change? FX options gauge expectations of FX realised volatility with implied volatility when setting the premium. Any disparity between realised and implied volatility over the life of that option therefore creates a trading opportunity.
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Little cash invested in carry trades when it should be

BUZZ-COMMENT-Little cash invested in carry trades when it should be March 4 (Reuters) - Little cash has been invested in carry trades despite the quietening in FX markets and strong will to take on more risk evidenced by surges for stocks and other popular speculative investments. When it is quiet, the importance of interest rates grows and cash usually gravitates toward currencies that are supported by higher interest rates that will better reward those prepared to hold them until markets start
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Russian rouble recovers some ground against US dollar

Russian rouble recovers some ground against US dollar MOSCOW, March 4 (Reuters) - The Russian rouble strengthened against the dollar on Monday, regaining some of the ground lost late last wee k, u nder pressure at the start of the month as exporters reduced the supply of foreign currency. At 0713 GMT, the rouble was 0.3% stronger against the dollar at 91.38 RUBUTSTN=MCX and had lost 0.3% to trade at 99.16 versus the euro EURRUBTN=MCX .
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Dollar drifts as Fed clues awaited; bitcoin hits 2-year high

FOREX-Dollar drifts as Fed clues awaited; bitcoin hits 2-year high Updates prices as of 0530 GMT; Adds additional analyst comments By Kevin Buckland TOKYO, March 4 (Reuters) - The U.S. dollar drifted within a tight range on Monday, pressured by lower Treasury yields, as traders waited for more crucial economic data for fresh clues on the timing of Federal Reserve interest rate cuts.
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Looming event risk can't stop Nikkei topping 40,000

MORNING BID EUROPE-Looming event risk can't stop Nikkei topping 40,000 A look at the day ahead in European and global markets from Wayne Cole. It's been a largely risk-on start to a week packed with central bank events and major data that will refine market wagers for when developed world interest rates will finally start falling. Japan's Nikkei .N225 cleared 40,000 for the first time having now climbed for five weeks in a row as it benefits from tech nearshoring and a flight of foreign funds ou
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