Forex

Globals stock slide on inflation fears, dollar gains

26/02 The Nasdaq recovered as the bond rout retreated on Friday, but most other equity markets swooned around the world as data showing a strong rebound in U.S. consumer spending kept fears of rising inflation alive.  Full story

Sterling rises supported by Britain's swift vaccine roll-out

18h09 Sterling edged higher against both the euro and the dollar on Monday as a swift coronavirus vaccine roll-out supported the pound and fuelled hopes of economic recovery.. . .  Full story

South African rand gains as global bond market calms

18h06 South Africa's rand recovered on Monday from the previous session's four-week low against the U.S. dollar as global bond markets calmed after last week's sell-off.. . .  Full story

ECB slowed bond buys last week even as market tanked

17h55 The European Central Bank slowed its net purchases of debt last week even as borrowing costs jumped in the financial markets, casting a shadow over a nascent recovery in the pandemic-stricken euro zone economy.. . .  Full story

ECB wants greater role in fighting bubbles: de Guindos

17h32 The European Central Bank should have a greater role in setting so-called "macroprudential policy" aimed at preventing financial bubbles and cushioning crashes, which is currently in the hands of national authorities, ECB Vice President Luis. . .  Full story

Dollar gains on reflation trade, Aussie recovers

17h20 The dollar index rose to a three-week high on Monday as investors bet on faster growth and inflation in the United States, while the Australian dollar gained after Australia's central bank increased its bond purchases. . .  Full story

Latam currencies rise as bonds stabilize, commodity prices rise

16h32 Latin American currencies firmed on Monday, in line with broader emerging market peers, as yields on U.S. Treasuries calmed after a sharp climb last week, while rising commodity prices also lifted assets in the. . .  Full story

Emerging markets feel the heat of the 'bondfire'

16h15 Just when developing economies were ready to bask in the post-COVID rebound in global growth, in sweeps a bond market blaze to scorch them again.. . .  Full story

Canadian dollar rallies as bond yields hold below recent highs

16h11 The Canadian dollar rose against the greenback on Monday as pressure on stocks due to the recent jump in bond yields faded and data showed narrowing in Canada's current account deficit, with the loonie. . .  Full story

Chinese blockchain firm SOS denies allegations by short-sellers

15h58 Chinese blockchain firm SOS Ltd on Monday called the allegations made by two short-sellers as "distorted, misleading and unsubstantiated" and claimed that social media accounts of some board members may have been briefly disabled or. . .  Full story

Rouble firms on higher oil as Moscow Exchange begins longer trading hours

15h34 The Russian rouble firmed on Monday, pricing in rising oil prices and appetite for riskier assets, as the Moscow Exchange opened three hours earlier than previously in a move to capture more Asian investors.. . .  Full story

MicroStrategy bitcoin holding valued at $4.38 bln after latest buy

15h34 Major bitcoin corporate backer MicroStrategy Inc said on Monday it bought another 328 bitcoin for about $15 million in cash, swelling its holdings of the cryptocurrency and sending the company's shares 7% higher in premarket. . .  Full story

Wall Street set for higher open as bond markets calm; PMIs in focus

14h47 European shares jumped on Monday as bond yields stayed below their recent spikes, while risk assets also rallied and Wall Street futures indicated the optimism would continue into the U.S. session.. . .  Full story

Sri Lankan shares fall as consumer, financial stocks drag

14h18 Sri Lankan shares closed lower on Monday, snapping two straight sessions of gains, dragged down by consumer and financial stocks.. . .  Full story

Bond jitters putting markets in 'completely new light', BIS says

14h00 The swift rise of borrowing costs on global bond markets over the last month could completely alter the outlook for financial markets, according to the central bank for the world's central banks, the Bank. . .  Full story

Bitcoin rises 6% as risk assets rally; Citi says at a "tipping point"

13h45 Bitcoin rose nearly 6% on Monday as risk assets rallied after last week's bond rout cooled, and Citi said the most popular cryptocurrency was at a "tipping point" and could become the preferred currency. . .  Full story

Currencies mixed, stocks firm as PMI data show uneven recovery

12h46 Central European currencies were mixed on Monday while stocks firmed, as data from the region showed a recovery in manufacturing sentiment had stalled in Hungary and slowed in the Czech Republic, but picked up. . .  Full story

BNP Paribas Polish unit to wait before deciding on FX loan settlements

12h37 The Polish unit of BNP Paribas will not decide whether to offer out-of-court settlements to the holders of Swiss-franc mortgages until the Supreme Court issues guidelines on the issue on March 25, its chief executive. . .  Full story

China's furtive bitcoin trade heats up again, worrying regulators

12h33 Bitcoin's 300% price surge since October has revived China's grey market in cryptocurrency trading, putting regulators on alert over financial risks and capital outflows as volatility spikes.. . .  Full story

China's Inner Mongolia to end cryptocurrency mining, ban new steel, coke projects

12h16 China's Inner Mongolia will end all cryptocurrency mining projects and stop reviewing new projects in industries which consume large amounts of energy, such as steel, coke and methanol production, as it attempts to meet energy. . .  Full story

Asian equities face outflows in Feb due to rise in U.S. bond yields

12h03 Foreigners were net sellers of Asian equities for a second consecutive month in February, hit by a jump in U.S. Treasury yields, which prompted investors to book profits in regional equities.. . .  Full story

Ugandan shilling stable amid thin market activity

11h30 The Ugandan shilling held steady on Monday as the market recorded lacklustre activity on both demand and supply sides. At 0909 GMT,. . .  Full story

Turkey emerges from COVID-19-hit 2020 with 1.8% economic growth

11h18 Turkey's economy grew 5.9% in the fourth quarter https://tmsnrt.rs/3dVombP and 1.8% in 2020 as a whole, annual data showed on Monday, emerging as one of only a few globally to avoid a contraction due. . .  Full story

Stocks recover with bond markets subdued; Turkish lira jumps 1%

10h54 Emerging market stocks recovered on Monday from their worst weekly loss since a coronavirus-induced sell-off a year ago, while Turkey's lira led currency gains as data showed its economy was among only a few. . .  Full story

Offshore investors net sellers of South African stocks, bonds

09h47 Offshore investors sold a net of 6.79 billion rand ($453.60 million) of South African stocks last week and 13.75 billion rand in bonds, data from the Johannesburg Stock Exchange showed on Monday. STOCKS. . .  Full story

Indonesia, Philippine shares climb 1% as bond markets calm

09h30 Indonesia, Singapore and Philippine stocks climbed about 1% on Monday as bond markets ended last week on a calmer note and regional manufacturing activity indicated that a gradual recovery was still on track.. . .  Full story

How a 10-second video clip sold for $6.6 million

09h00 In October 2020, Miami-based art collector Pablo Rodriguez-Fraile spent almost $67,000 on a 10-second video artwork that he could have watched for free online. Last week, he sold it for $6.6 million.. . .  Full story

Central banks will happily ignore inflation-mongers

09h00 The world's biggest central banks will happily live with higher inflation and investors now aggressively betting on a quicker end to monetary stimulus are all but certain to be proved wrong.. . .  Full story

Yuan edges up, market cautious ahead of annual meeting of parliament

07h15 China's yuan inched higher against the dollar on Monday as markets await policy cues on the broader economy from this week's annual gathering of the National People's Congress, China's parliament.. . .  Full story

Australia, NZ dlrs recover from bond market tumult

07h10 The Australian and New Zealand dollars recovered against the greenback on Monday after riskier currencies plunged late last week amid a global bond market sell-off.. . .  Full story

S.Korea, Switzerland agree to extend currency swap agreement for 5 yrs

01h00 South Korea's central bank said on Monday its currency swap agreement with Switzerland has been extended for another five years in a move aimed at "enhancing bilateral cooperation and facilitating the functioning of financial markets. . .  Full story

Bitcoin extends retreat from record high to hit lowest in 20 days

28/02 Bitcoin dropped 6.39% to $43,165.78 on Sunday, losing $2,944.20 from its previous close.. . .  Full story

IMF to propose ways to improve transparency of trade in SDR currency reserve

27/02 The International Monetary Fund on Friday said it would propose ways to improve the transparency and accountability of how its Special Drawing Rights are used, a key U.S. demand for its support of a. . .  Full story

Canadian dollar falls by most since October as risk appetite frays

26/02 The Canadian dollar tumbled against its broadly stronger U.S. counterpart on Friday as this week's spike in bond yields weighed on investor sentiment, with the loonie extending its pullback from a three-year high the. . .  Full story

Dollar gains on higher yields, risky currencies weaken

26/02 The U.S. dollar gained on Friday as U.S. government bond yields held near one-year highs, while riskier currencies such as the Aussie dollar weakened. Yields have surged as an acceleration. . .  Full story

Short-sellers take aim at Chinese blockchain firm SOS, shares tumble

26/02 Short-sellers Hindenburg Research and Culper Research said on Friday they have taken a short position on Chinese blockchain firm SOS Ltd's stock, sending the company's shares down 23%.. . .  Full story

Latam assets fall on high yields, Brazil's real leads weekly losses

26/02 Chile's peso led losses across Latin American currencies on Friday, pressured by weak manufacturing data and copper prices, while Brazil's real lagged its peers this week on concerns over stretched fiscal spending and populist policies.. . .  Full story

UK to create visa for workers in fast-growing firms

26/02 Britain will create a new category of visa to allow certain fast-growing businesses to hire high-skilled migrants with fewer checks than under current procedures, finance minister Rishi Sunak said on Friday.. . .  Full story

Stocks try to recover from bond whiplash, dollar gains

26/02 Global equity markets swooned on Friday, even as the Nasdaq and S&P 500 tried to recover and the bond rout eased a bit, but fears of rising inflation still weighed on sentiment as data. . .  Full story

ECB's Stournaras calls for increasing bond buying to calm markets

26/02 Greece's Yannis Stournaras became the first European Central Bank policymaker on Friday to openly call for increasing the pace of ECB bond purchases to stem a rise in borrowing costs.. . .  Full story

Sterling knocked back by bond rout and inflation fears

26/02 Sterling fell against a stronger dollar on Friday, retreating from a three-year high touched earlier this week, as a rout in global bond markets sent yields flying and hurt the pound, while the Bank. . .  Full story

EU likely to waive borrowing limits again in 2022

26/02 The European Union is likely to waive limits on government borrowing again in 2022, given persistent uncertainties about the pace of economic recovery once the coronavirus pandemic is contained, officials say.. . .  Full story

South Africa's rand recovers after slide to three-week lows

26/02 South Africa's rand firmed on Friday in a recovery rally after a jump in U.S. treasury yields triggered a sharp slide in the previous session to a three-week low.. . .  Full story

Bank of England's Haldane says inflation "tiger" is prowling

26/02 Bank of England Chief Economist Andy Haldane warned on Friday that an inflationary "tiger" had woken up and could prove difficult to tame as the economy recovers from the COVID-19 pandemic, potentially requiring the BoE. . .  Full story

Russian rouble pares gains as U.S. bond selloff boosts dollar

26/02 The Russian rouble gave up earlier gains on Friday as oil prices slipped and the dollar firmed against most major currencies due to rising U.S. Treasury yields.. . .  Full story

Etsy not thinking of accepting bitcoin right now - CEO

26/02 Etsy Inc Chief Executive Officer Josh Silverman said on Friday the e-commerce retailer is not thinking about accepting bitcoin as a form of payment right now, saying more people need to buy and own. . .  Full story

Digital assets in exchange-traded products double in February to $44 billion - CryptoCompare

26/02 Digital assets under management across exchange-traded products doubled this month to a record $43.9 billion, researcher CryptoCompare said on Friday, underscoring soaring interest in securities that track digital currencies.. . .  Full story

Bitcoin set for worst week since March as riskier assets sold off

26/02 Bitcoin was headed on Friday for its worst week since March as a rout in global bond markets sent yields flying and sparked a sell-off in riskier assets.. . .  Full story

South Africa's trade surplus narrows to $790 million in January

26/02 South Africa's trade surplus narrowed to 11.83 billion rand ($790 million) in January from a revised surplus of 33.06 billion rand in December, data from the revenue service showed on Friday.. . .  Full story

Moscow Exchange to woo Asian investors with early trading

26/02 The Moscow Exchange aims to attract Asian investors with extended trading hours, while also betting on an increase in retail clients and corporate listings, an official at Russia's largest bourse told Reuters in an interview.. . .  Full story

Turkish lira erases year's gains after bond rout

26/02 The Turkish lira slid for a fifth straight day on Friday, hit by surging U.S. bond yields that helped erase all the year's gains and set the stage for a potentially tougher battle against. . .  Full story

Crown pares losses after sharp fall as FX steady, stocks drop

26/02 The Czech crown recovered some losses against the euro on Friday, after its biggest two-day slide since October, as a worsening pandemic situation in the country and around central Europe kept currencies under pressure.. . .  Full story

BOJ buys ETFs for first time this month after market rout

26/02 The Bank of Japan bought exchange-traded funds (ETFs) on Friday for the first time this month as Tokyo stock prices slumped, data showed, in a sign the central bank is becoming more flexible with. . .  Full story

FX REGULATOR

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Ugandan shilling flat amid scant appetite

26/02 The Ugandan shilling was flat on Friday on the back of scant demand for hard currency by both importers and players in the interbank market, traders said.. . .  Full story

Poland's Q4 GDP at -2.8% y/y, in line with first estimate

26/02 Poland's statistics office said on Friday that the country's gross domestic product (GDP) was at -2.8% y/y in the fourth quarter, in line with its first estimate of -2.8%.. . .  Full story

Stocks, FX hammered by rising Treasury yields; Rand, rouble gain

26/02 Tremors from higher U.S. real yields knocked nearly 3% from emerging market stocks on Friday, setting the benchmark index for its biggest weekly fall since March 2020, while South Africa's rand gained 1% due. . .  Full story

Asian stocks, bonds sold off as U.S. Treasury yields spike

26/02 Asian equities dropped further and bond yields rose on Friday after U.S. Treasury yields jumped, as prospects for higher inflation and economic growth increased, making investors doubt that central banks would retain ultra-low interest rates. . .  Full story

Japan's Aso warns of dangers of complacency over ultra-loose policy

26/02 Japan's government must avoid loosening fiscal policy too much and issuing massive bonds on the assumption the central bank will keep monetary policy ultra-loose, Finance Minister Taro Aso said on Friday.. . .  Full story

Big moves and liquidity woes in a U.S. bond 'tantrum without the taper'

26/02 A sharp jump in U.S. Treasury yields this week has bond managers talking about a "tantrum", worrying about extreme moves and pockets of poor liquidity in the $20 trillion market.. . .  Full story

Tantrum without the taper :Mike Dolan

26/02 If there's no taper, why the tantrum?. . .  Full story

South African Markets - Factors to watch on Feb 26

26/02 The following company announcements, scheduled economic indicators, equity and currency market moves may affect South African markets on Friday.. . .  Full story

African Markets - Factors to watch on Feb. 26

26/02 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. - - - - - EVENTS: KENYA -. . .  Full story

Yuan hits one-month low, set to snap eight months of gains

26/02 China's yuan hit one-month lows against a firmer U.S. dollar on Friday, after rallying for eight consecutive months, as fresh concerns about a potential escalation in Sino-U.S. tensions weighed on the local currency.. . .  Full story

Australian dlr upset by market tumult, RBA tries to staunch bond bleeding

26/02 The Australian dollar was sent reeling from multi-year peaks on Friday as a rout in bond markets spread to other risk assets, spurring the country's central bank to intervene to stem a savage selloff. . .  Full story

S.Korea stocks drop 3% on Wall St tech rout, higher U.S. yields

26/02 Round-up of South Korean financial markets: ** South Korean shares tumbled on Friday, reversing almost all gains clocked in the previous session, as a tech rout. . .  Full story

Yellen backs new allocation of IMF's SDR currency to help poor nations

26/02 U.S. Treasury Secretary Janet Yellen on Thursday threw her support behind a new allocation of the IMF's own currency, or Special Drawing Rights, but said broad parameters were needed to boost transparency on how. . .  Full story

Robinhood added 6 million crypto users in last two months

25/02 Online brokerage Robinhood on Thursday said 6 million new users signed up for its cryptocurrency services in the first two months of 2021 amid higher retail trading volumes and sharp rises in the prices. . .  Full story

NY Fed's Williams: GDP growth this year could be strongest in decades

25/02 A combination of strong fiscal support and continued vaccine distributions could help lift the U.S. economy as it recovers from the coronavirus pandemic and lead to the strongest growth in decades, New York Federal. . .  Full story

Surging bond yields lead global equities to tumble

25/02 A jump in benchmark U.S. Treasury yields on Thursday led a gauge of global equity markets to tumble as investors sold the high-flying tech stocks that fueled Wall Street's rally to record highs and. . .  Full story

Dollar firms on sudden spike in U.S. Treasury yields

25/02 The dollar index lifted off a seven-week low on Thursday after yields on 10-year U.S. Treasuries jumped as high as 1.6% following weaker-than-expected bids in a U.S. government debt auction.. . .  Full story

Canadian dollar retreats from 3-year high as U.S. bond yields soar

25/02 The Canadian dollar weakened on Thursday by the most in four weeks against the greenback, as surging U.S. bond yields pressured global equity markets, with the loonie pulling back from a three-year high.. . .  Full story

Mexican peso leads losses as high bond yields ravage Latam assets

25/02 Mexico's peso plummeted to a near four-month low on Thursday, leading losses across Latin American currencies as a rise in bond yields and inflation expectations hit risk-driven assets across the globe.. . .  Full story

Fed officials shrug off rise in longer-term U.S. bond yields

25/02 Federal Reserve policymakers are shrugging off the surge in longer-term U.S. government bond yields as a sign of growing optimism about the economy, which could pick up steam as more people are vaccinated against. . .  Full story

U.S. stocks tank as Treasury yields surge

25/02 Wall Street's main indexes recoiled from record highs on Thursday as surging U.S. Treasury yields took the shine off stocks now that a strong economic recovery looked more certain and investors clung to concerns that. . .  Full story

YEAR AUCTION

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