Currencies

Week Ahead for FX, Bonds : Fed Meeting to Take -2-

Barclays economists expect exports growth to have jumped sharply in July, and import growth to have picked up as well, resulting in a continued large trade surplus. They anticipate July's inflation...

S.Korean won, Thai baht slip; other Asian currencies lukewarm

The following table shows rates for Asian currencies against the dollar at 0201 GMT. CURRENCIES VS U.S. DOLLAR ...

Dax gains further - SAP and Porsche in focus

After the positive start to the week, Dax investors are continuing to buy. The leading German index rose by 0.5 percent to 18,501 points at the opening on Tuesday. The Dax made an...

S.Korean won, Japanese yen lead gains among steady Asian FX

The following table shows rates for Asian currencies against the dollar at 0201 GMT. CURRENCIES VS U.S. DOLLAR ...

EU considers allowing faster energy tax cuts if prices jump, draft shows

The European Union may make it easier for governments to slash energy tax rates if prices jump unexpectedly, under draft proposals countries are discussing to overhaul the taxes in the bloc. ...

Global bond funds see hefty inflows on expectations of rate cut

Global debt funds attracted inflows for a 29th straight week in the seven days to July 10 on expectations of a Federal Reserve rate cut amid weakening labour market conditions and easing inflation...

Sterling heads for best two-week run since November

The pound coursed towards its best two-week performance against the dollar in eight months on Friday, after data pointed to an improvement in UK growth, while the U.S. economy shows signs of fatigue. ...

Nordea believes in four cuts by the Riksbank after this morning's inflation figure

The major bank Nordea believes that the Riksbank will cut the interest rate four times this year after inflation came in lower than expected in June. Overall, the June outcome was lower than expected...

Yen choppy amid intervention nerves; Asia shares eye weekly gain

The yen swung between losses and gains on Friday in volatile trade, reflecting investors' skittishness after Tokyo was thought to have intervened to prop up the Japanese currency in the wake of...

Global reserve managers upbeat on growth but worry about politics

An escalation in geopolitical conflicts is the biggest risk to the global economy, according to central bank reserve managers, who are generally positive about the world's economic outlook,...

Payment problems stifle Russian imports of Chinese cars

Payment issues between Russia and China, caused by U.S. sanctions, pose serious issues for Russian imports of Chinese cars that have supplied the domestic market over the last two years, the head of...

Sterling steady at one-month highs as Powell remarks dent dollar

The pound held near one-month highs on Wednesday, supported by the belief among investors that U.S. interest rates are set to fall sooner than many had predicted, which dented the dollar. ...

MORNING BID EUROPE-Turning the corner in the inflation fight

A look at the day ahead in European and global markets from Rae Wee Central bankers across the globe are finally showing increasing confidence that markets may be entering...

Asia shares dip; New Zealand dollar firms ahead of RBNZ

Asian stocks edged marginally lower on Wednesday after Federal Reserve Chair Jerome Powell offered little hints on the timing of U.S. rate cuts expected later this year, even as he signalled...

Shein pledges to invest in UK and Europe ahead of potential IPO

Fast fashion retailer Shein said it would invest 250 million euros over five years in the UK and Europe as the company battles criticism of its model based around flying cheap clothes and accessories...

Russia, India working on settlement issues, says Russia's VTB Bank CEO

Russia and India are engaged in constructive discussion around payments, as Western financial sanctions on Moscow and the inconvertibility of the rupee hamper bilateral settlements, VTB Bank CEO...

MORNING BID EUROPE-With France in limbo, spotlight swings to Washington

A look at the day ahead in European and global markets from Kevin Buckland Washington largely steals the spotlight from today, even with post-French-poll horsetrading at...

Pound touches three-week high vs euro after France vote

The pound traded at a three-week high against the euro on Monday, after Sunday's election in France looked likely to result in a hung parliament that raises the risk of political gridlock in the euro...

Euro falls after French exit poll points to hung parliament

The euro fell on Sunday after exit polls for the final round of the French parliamentary elections pointed to a hung parliament, with the left wing New Popular Front grouping likely winning the most...