Reporting high-quality economic and central bank news requires good judgement, critical thinking, and a special kind of inquisitiveness – qualities that are cultivated over many years by Reuters correspondents. Financial firms subsequently deploy such news across a range of use cases, and demand information they can trust. Reuters News is at the heart of LSEG’s News service, delivering the intelligence that drives markets.
- Financial instruments can be swayed by economic and central bank news. So, it’s ever-more important that information comes from a trusted source.
- Reuters journalists secure exclusive news and insights by meticulously examining published data and cultivating relationships with essential sources.
- LSEG is the sole provider of Reuters News to financial professionals, with Reuters News fuelling LSEG data feeds, workflows, models, and more.
News on economic and central bank events can move markets. Whether these news stories are being evaluated by analysts or are being consumed by an algorithmic trading program through a machine-readable News feed, they can have an impact. Which is why news must come from a trusted source. News that is incorrect – or even worse, “fake news” – costs money because of the faulty decision-making that results from it.
Acquiring journalistic insights
So how do Reuters journalists come by their information? First, they analyse all the information that everyone has access to, such as central bank decisions, press releases, speeches, statistical publications and more. This material provides important context for what is going on in a particular country’s economy. Sometimes it also delivers essential insight – for example, wading through a 12,000-word economic policy speech, reading between the lines, and understanding the implicit meaning of key words and phrases can shed light on the direction of monetary policy for a journalist who knows what to look for.
Sourcing economic and central bank news that’s exclusive is much more challenging. Over time, journalists build up relationships with sources that they can speak to on specific topics. Trust is essential in these relationships – of course, the source must trust the journalist to report accurately and within the rules that have been established for the relationship. Also, the journalist must trust the source – that the information being given is correct and is not overly biased.
Driving value through News as data
Reuters[1] has delivered news to financial institutions for 170 years. It has on-the-ground reporting with policymakers in all G20 central banks, and has a track record of major scoops and exclusive interviews on the Bank of Japan, the European Central Bank, and many other central banks, including:
- In August 2024, Reuters was the first to report that the Bank of England had lowered its policy rate from 5.25% to 5.00%, joining the European Central Bank, Bank of Canada and others. This marked a shift away from the tight monetary policies previously implemented.
- In July 2024, Reuters reporters broke the news that the Bank of Japan plans to taper its bond buying, aligning closely with market consensus. This was on the back of an earlier story whereby the Yen rose sharply on the back of an expected intervention by Japanese authorities.
- In July 2024 Reuters provided a story about the US central bank staff and policy makers shift in attitude around inflation following the three months of price hikes that exceeded the Federal Reserve’s 2% target.
Yen jumps on the back of expected intervention by Japanese authorities
Source: LSEG Workspace
Moreover, financial firms are seeking reliable vetted news to ensure confidence in their decision-making. Reuters News – which powers Machine Readable News, LSEG Workspace, StarMine models and other LSEG solutions – is at the heart of LSEG’s News service. In fact, LSEG is the exclusive provider of Reuters News to financial professionals. LSEG partners with Reuters because of the high-quality content that its journalists deliver, at a time when the veracity of news is more important than ever.
[1] These exclusives and timing wins – delivered first to LSEG customers – provide opportunities across the financial services industry to discover and deliver value.
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