Currencies

Asia shares steady, dollar firm before jobs test

Asian share markets got off to a quiet start on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether a rate cut expected this month will be...

EU must step up arms production, play stronger role in defence, Commission chief says

The European Union has not yet done enough to boost its own arms production capacities in light of geopolitical threats, in particular Russia's war on Ukraine, Commission President Ursula von der...

Sterling steady but heads for weekly fall on dollar strength

Sterling steadied on Friday but was set to end the week slightly lower after strong U.S. data underpinned the dollar. The pound was last up 0.1% at $1.3181 yet was set to finish the week...

Euro zone inflation tumbles, firming up ECB rate cut bets

Euro zone inflation fell to its lowest level in three years this month, adding to the case for another European Central Bank interest rate cut in September, even if price growth is likely to rebound...

Exclusive-Russia payment hurdles with China partners intensified in August, sources say

Some Russian companies are facing growing delays and rising costs on payments with trading partners in China, leaving transactions worth tens of billions of yuan in limbo, Russian sources with direct...

Bring on the rate cuts

A look at the day ahead in European and global markets from Rae Wee Global investors can't wait to be done and dusted with August and usher in the new month with a bang, one that's all...

Interest rate fantasies lift Dax to all-time high - 19,000 ahead

The champagne corks are popping again on the stock markets: The prospect of monetary easing sent the Dax soaring on Thursday. The leading German index surpassed its best mark from...

Cybercrime and sabotage cost German firms $300 billion in past year

Cybercrime and other acts of sabotage have cost German companies around 267 billion euros in the past year, up 29% on the year before, according to a survey published on Wednesday. ...

Israel central bank unlikely to cut rates again in 2024, deputy governor says

The Bank of Israel is unlikely to lower short-term interest rates at its remaining two 2024 policy meetings given rising price pressures and persisting geopolitical risk, deputy governor Andrew Abir...

Sterling dips against dollar but continues to rise versus euro

Sterling dipped from two-year highs touched against the dollar but made further ground versus the euro on Wednesday as investors focussed the prospect of diverging monetary policies in the United...

Stock markets firmer ahead of Nvidia - Dax takes aim at record

The Dax is heading for a new all-time high. The leading German index rose by 0.7 percent to 18,819 points on Wednesday morning. In mid-May, the stock market barometer had set its record...

French judges to decide on next step in Durov probe

French investigative judges are due to decide later on Wednesday whether to place Russian-born Telegram boss Pavel Durov under formal investigation following his arrest as part of a probe into...

Pound hits two-year high on dollar, gains on euro

Sterling reached a two-year high against the dollar on Tuesday, and also gained on the euro, supported by bets the Bank of England will cut rates less dramatically than the Federal Reserve while the...

Analysis-As US rate cuts near, economic 'soft-landing' odds could dictate stock performance

With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out whether the soft landing narrative that has helped drive...

Bank of England's Bailey sees weaker inflation pressure

Bank of England Governor Andrew Bailey said on Friday he thought inflation pressure in the British economy was becoming less stubborn than in recent years, but it was still too soon to be sure. ...

US adds 123 entities to entity list, including 63 in Russia and 42 in China, Federal Register says

The United States is adding 123 entities to its U.S. export control list known as the 'Entity List,' including 63 in Russia and 42 in China, according to a notice published in the Federal Register on...

Sterling pinned near 13-month high ahead of Powell, Bailey speeches

Sterling hovered near a 13-month high against the dollar on Friday, trading just short of levels seen in April 2022, as traders awaited key speeches from the heads of the Federal Reserve and the Bank...

Dollar steady ahead of Powell speech; Ueda aims to calm market nerves

The U.S. dollar was calm on Friday as traders braced for comments from Federal Reserve Chair Jerome Powell, while Bank of Japan Governor Kazuo Ueda aimed to soothe lingering market nerves after a...

PMI data sends pound higher on euro, to new 13-month top on dollar

The pound rose to a new 13-month high on the dollar on Thursday and also strengthened against the euro after British business activity data showed steady growth momentum going into the second half of...