Analysis: Currencies

Stocks, dollar fall as Trump threatens increase in China tariffs

NEW YORK -Stock indexes fell sharply, with the Nasdaq down more than 2%, while Treasury yields fell and the U.S. dollar weakened on Friday after President Donald Trump said he was weighing a massive...

European Commission says existing rules address stablecoin risks

Europe's crypto rules do enough to address the risks around stablecoins, the European Commission said on Friday, signalling it does not see the need for major change after the European Central Bank...

Sterling skids to two-month lows as dollar shines

LONDON -The pound fell to two-month lows on Friday, set for its biggest weekly fall since a rout in UK bonds in January, largely driven by a resurgent dollar, which has vaulted higher as political...

Bank of England warns of 'sharp correction' in markets if mood sours on AI or Fed

Global financial markets could tumble if investors' mood sours on the prospects for artificial intelligence or the independence of the U.S. Federal Reserve, the Bank of England warned on Wednesday. ...

Revolut co-founder Storonsky leaves UK to move residence to UAE

Billionaire Nikolay Storonsky, the CEO and co-founder of financial technology business Revolut, has changed his residence from the UK to the United Arab Emirates, according to filings in Britain's...

Sluggish summer brings down forecast for tourism growth in Spain

MADRID -Growth in Spain's tourism industry has slowed down sharply, driven by weaker spending by European and U.S. visitors, and its contribution to this year's economic growth will be weaker than...

Japanese and French politics help sterling to gain on euro and yen

The pound benefited from weakness elsewhere on Monday, reaching its strongest in nearly four weeks on the euro, and an over one-year top on the tumbling Japanese yen, with both currencies hit by...

Currencies: Surprise!

Until this morning, I was wondering where the expected bullish reversal on the dollar index might come from. The answer has arrived: from the fall of the euro, of course! We can thank France, and more...

French markets tumble after PM Lecornu resigns

LONDON -A selloff in French markets gathered pace on Monday after French media reports that Prime Minister Sebastien Lecornu has resigned. French stocks fell sharply, government bond...

Europe must resist temptation of easing bank regulation, policymakers say

AMSTERDAM -Europe should avoid the temptation of easing bank regulation and should instead tighten rules for parts of the financial sector now enjoying easier rules, some of the continent's top...

Russian service sector contracts at fastest pace since 2022, PMI shows

MOSCOW -Russia's service sector saw business activity contract sharply in September, marking the steepest decline since December 2022, as a renewed drop in new orders weighed on output, a survey...

EU plans to hand assets linked to Russian tycoon Deripaska to Raiffeisen, FT says

The European Union is preparing to lift sanctions on assets linked to Russian tycoon Oleg Deripaska in order to compensate Austria's Raiffeisen Bank International for damages it had to pay in Russia,...

Trading Day: AI, Fed bets sweep aside shutdown jitters

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Stock markets around the world leaped...

Darkness falls on dour US jobs market

A look at the day ahead in European and global markets from Kevin Buckland Investors already knew the U.S. labour market needed support, but there is something particularly ominous in...

The global race for free trade agreements since Trump's return

BRUSSELS -U.S. President Donald Trump's tariffs have unleashed an unprecedented burst of free trade agreements and negotiations towards them by partners seeking to offset potential lost exports to...

Russian manufacturing sector sees sharper contraction in September, PMI shows

MOSCOW -Russia's manufacturing sector contracted slightly faster in September than the previous month as both output and new orders shrank more quickly, a survey by S&P Global showed on Wednesday. ...

Washington goes dark

A look at the day ahead in European and global markets from Stella Qiu And just like that the U.S. government has entered its 15th shutdown since 1981 and the second under President...

Putin entrusts military-linked bank with accelerated state property sales

MOSCOW -Russian President Vladimir Putin appointed PSB, a bank which serves the military-industrial complex and is under Western sanctions, as the government's agent in state property sales,...

Russia declares partial diesel export ban until year-end, extends gasoline ban

MOSCOW -Russia has imposed a partial ban on diesel exports and extended an existing gasoline export ban until the end of the year, the government said on Tuesday. Russia is facing fuel...