Forex

South African rand stronger before inflation data

09h20 South Africa's rand was stronger early on Wednesday, before the release of inflation data expected to show a modest pickup in consumer prices.  Full story

Stocks shake off China virus worries, dollar stays strong

16h09 World stock markets regained strength on Wednesday, as swift updates from China about the spread of a new flu-like coronavirus raised hopes the outbreak would be contained.. . .  Full story

Sri Lanka shares extend gains on consumer, financials stocks

15h10 Sri Lankan shares rose for the second straight session on Wednesday, driven by gains in consumer and financial stocks.. . .  Full story

Lebanon finance minister: impossible for exchange rate to return to what it was - LBC

15h04 Lebanon's new Finance Minister Ghazi Wazni told local media on Wednesday it would be "impossible" for the Lebanese pound exchange rate to the U.S. dollar "to return to what it was".. . .  Full story

Sterling gains further as BoE rate-cut fears recede

14h42 Britain's pound rose on Wednesday against the dollar and the euro, as investors debated whether or not the Bank of England would cut interest rates when it meets next week.. . .  Full story

Swiss franc falls as cbank intervention talk outweighs virus worries

12h58 The Swiss franc fell on Wednesday on signs the central bank may be intervening to stop it rising further, outweighing the impact of concerns about the spread of a new coronavirus that have driven. . .  Full story

Stocks gain ground as China soothes worries about virus outbreak

11h34 Emerging market stocks regained footing on Wednesday after China's response to contain a virus outbreak eased fears of a global pandemic, while the South African rand treaded water after a reading on inflation.. . .  Full story

Sterling firms to near two-week high vs euro as rate-cut talk abates

10h48 Britain's pound rose to its strongest level against the euro in almost two weeks on Wednesday as investors debated whether or not the Bank of England will cut interest rates when it meets next. . .  Full story

UK Stocks-Factors to watch on Jan. 22

09h46 Britain's FTSE 100 index is seen opening 19 points higher at 7,630 on Wednesday, with futures up 0.3%, according to financial bookmakers.. . .  Full story

Facebook spurred central banks to study digital currencies - former Japan c.banker

09h03 The challenge posed by Facebook's Libra cryptocurrency likely prodded major central banks to set up a new group to study the potential for issuing their own digital currencies, a former Bank of Japan executive. . .  Full story

Thai monetary policy should be accommodative for some time - c.bank

08h57 Thailand's central bank said monetary policy should remain accommodative for some time to support economic growth and help inflation return to target.. . .  Full story

S.Korean stocks rally on bargain-hunting; virus fears tempered by China response

08h57 Round-up of South Korean financial markets: ** South Korean shares jumped more than 1% on Wednesday on bargain-hunting and Beijing's efforts to contain the new coronavirus outbreak. The Korean won and the benchmark bond yield rose.. . .  Full story

Most units tepid amid virus outbreak; S.Korean won firms on solid data

08h09 Most Asian units were trading subdued on Wednesday as concerns about a coronavirus outbreak in China kept risk appetite on the backfoot, although the South Korean won found support amid upbeat GDP data on. . .  Full story

'Death Cross,' growth abroad threaten U.S. dollar

08h00 Storm clouds are gathering over the U.S. dollar, threatening a two-year rally in the currency that has squeezed corporate profits and angered President Donald Trump.. . .  Full story

South African Markets - Factors to watch on Jan 22

07h24 The following scheduled economic indicators, debt and currency market moves may affect South African markets on Wednesday.. . .  Full story

African Markets - Factors to watch on January 22

06h48 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - GLOBAL MARKETS Asian stock. . .  Full story

Indonesia c.bank to maintain accommodative policy to bolster growth

05h51 Indonesia's central bank is set to continue its accommodative monetary policy this year to support economic growth, Bank Indonesia Governor Perry Warjiyo said on Wednesday.. . .  Full story

S.Korea stocks rise, concerns over China virus weigh

04h23 Round-up of South Korean financial markets: ** South Korean shares climbed on Wednesday, trimming some losses from the previous session, though caution prevailed after death toll from the new coronavirus in. . .  Full story

Vodafone Group exits Facebook-led Libra currency group

01h26 Britain's Vodafone Group PLC has left the entity that manages the Facebook Inc led effort to launch Libra, a global digital currency, Libra Association said on Tuesday.. . .  Full story

Syria cracks down on exchange firms to halt currency collapse

00h19 Syria cracked down on currency dealers blamed for speculation on Tuesday as part of several measures to stem a rapid collapse in the country's currency that has in recent weeks worsened the plight of. . .  Full story

Risk assets fall as Chinese virus triggers anxiety

21/01 Risk assets took a hit across the globe on Tuesday, while the Japanese yen and U.S. Treasury prices gained, as financial markets reacted to mounting concern about a new strain of flu-like virus out. . .  Full story

Loonie weakens along with oil prices, ahead of BoC rate decision

21/01 The Canadian dollar weakened against the greenback on Tuesday as oil prices fell and domestic data showed factory sales dropping for the third straight month, with the decline for the loonie coming one day. . .  Full story

Lebanon PM Diab: new government is 'a rescue team'

21/01 Lebanon's Prime Minister Hassan Diab pledged on Tuesday that his new government would work to address protester demands and pull the country from its worst economic crisis in decades.. . .  Full story

Yuan weakens, safe havens gain on Chinese virus concerns

21/01 China's yuan tumbled on Tuesday and the safe-haven Japanese yen rallied as the spread of a pneumonia-like virus in China dampened risk appetite. China reported a fourth death from a. . .  Full story

Latam assets keel as China virus sours risk appetite

21/01 Stocks and currencies across Latin America fell on Tuesday, tracking a decline in broader emerging markets amid concerns over a flu-like coronavirus outbreak in China. Broader emerging market assets dropped as. . .  Full story

Lebanon exchange dealers fix rate at max 2,000 pounds to the dollar

21/01 Lebanon's union of exchange dealers said on Tuesday it had decided to set the rate at a maximum of 2,000 Lebanese pounds to the U.S. dollar in agreement with the central bank governor.. . .  Full story

Central banks join forces to look at future digital currencies

21/01 Major central banks are looking at the case for issuing their own digital currencies, the Bank of England and European Central Bank said on Tuesday, amid a growing debate over the future of money. . .  Full story

Pound near day's highs as strong UK jobs data trims rate cut bets

21/01 The pound held near the day's highs on Tuesday after the British economy created jobs at its strongest rate in nearly a year in the three months to November, potentially undermining the case for. . .  Full story

Brazil's growth at mercy of hotly disputed "expansionary austerity"

21/01 Brazil's right-wing government has entered 2020 doubling down on one of the principal economic policies that marked its first year in office: the controversial view that aggressively slashing spending will spur and accelerate economic growth.. . .  Full story

Sri Lanka shares rise as consumer, financials gain

21/01 Sri Lankan shares rose on Tuesday, ending a four-session losing streak, with consumer and financial stocks dominating the session's gains.. . .  Full story

Franklin Templeton's Zahn short British gilts as fiscal expansion looms

21/01 Franklin Templeton's head of European fixed income David Zahn said on Tuesday he has moved to a 'short' position in UK government bonds, given expectations the government will ramp up spending at the next. . .  Full story

Sterling rallies after UK jobs growth weakens case for rate cut

21/01 Sterling gained on Tuesday after the British economy created jobs at its strongest rate in nearly a year in the three months to November, potentially undermining the case for a Bank of England interest. . .  Full story

Sterling resists the weight of UK rate cut speculation

21/01 The swift repricing of short-dated UK interest rate futures has sent bond yields plunging but barely moved sterling, which is still holding out hopes of a post-election, post-Brexit inward investment bounce that will lift the. . .  Full story

Germany likely to lose the most from trade diverted by US-Sino deal

21/01 The trade deal struck by the United States and China will divert trade away from European exporters, experts said on Tuesday, and Germany is likely to be affected the most.. . .  Full story

China's stocks hit 2-week trough, yuan crumbles as virus fears spread

21/01 China shares fell to their two-week lows and the yuan headed for its worst day in five-months on Tuesday on mounting worries about the spread of a new virus that has killed four people. . .  Full story

Euro zone companies cut loan applications for first time in six years - ECB

21/01 Credit applications by euro zone companies unexpectedly fell last quarter for the first time in six years, despite a further reduction in the European Central Bank's main interest rate, an ECB survey showed on Tuesday.. . .  Full story

Yields fall in weekly South Africa government bond auction

21/01 South Africa's Treasury sold a total of 4.53 billion rand($311.50 million) worth of its 2026, 2032, and 2035 instruments on Tuesday. Yields fell compared with the previous auctions.. . .  Full story

Assets battered as China virus fears mount; Rand hits one-month low

21/01 Emerging market stocks and currencies took a beating on Tuesday as investors turned risk-averse on growing concerns over the coronavirus outbreak in China, while South Africa's rand hit a one-month low on a weak. . .  Full story

Kenyan shilling broadly stable amid horticulture and Diaspora inflows

21/01 The Kenyan shilling was stable on Tuesday and was expected to trade in a narrow range supported by dollar inflows from horticulture exports and Diaspora remittances, traders said.. . .  Full story

China's FX regulator urges companies to strengthen risk management

21/01 China's foreign exchange regulator has urged companies to strengthen their risk management systems to lessen the impact from rising two-way volatility in the Chinese yuan.. . .  Full story

S.Korean stocks post sharpest fall in 2 weeks on China virus concerns

21/01 Round-up of South Korean financial markets:. . .  Full story

Weak growth outlook keeps South African rand on back foot

21/01 South Africa's rand dipped early on Tuesday, as a weak economic outlook dented appetite for local assets.. . .  Full story

Asian units fall on fears about China virus

21/01 Most Asian currencies slipped on Tuesday, as concerns about a new strain of coronavirus in China took a toll on risk appetite. China reported a fourth death from the flu-like. . .  Full story

South African Markets - Factors to watch on Jan 21

21/01 The following economic events, debt and currency market moves may affect South African markets on Tuesday.. . .  Full story

China shares hit 2-week trough amid virus fears, yuan softens

21/01 China's stock market fell to two-week lows and its currency retreated from six-month highs on Tuesday as worries about a new virus that has killed four people so far grew, after authorities confirmed it. . .  Full story

African Markets - Factors to watch on January 21

21/01 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - - GLOBAL MARKETS Asian shares. . .  Full story

S.Korean stocks, won fall on coronavirus outbreak concerns

21/01 Round-up of South Korean financial markets: ** South Korean shares fell on Tuesday on growing worries over a coronavirus outbreak in China, while traders were also cautious. . .  Full story

Indonesia c.bank seen holding fire on rates, but not done with easing

21/01 Indonesia's central bank will likely keep benchmark rates steady at its policy review on Thursday, letting a series of previous loosening steps take effect as it monitors the health of Southeast Asia's largest economy, a. . .  Full story

Australian, NZ dollars slip amid China flu concerns

21/01 The Australian and New Zealand dollars slipped on Tuesday as the market mood turned cautious amid mounting concerns a coronavirus outbreak in China could cause economic damage if it spreads widely.. . .  Full story

China lifts yuan midpoint to highest since July 2019

21/01 China's central bank on Tuesday lifted its official yuan midpoint to the highest in 6-1/2 months to reflect strong gains in the spot yuan in the previous session.. . .  Full story

Moody's cuts Hong Kong's rating to 'Aa3' as protests continue

21/01 Moody's downgraded Hong Kong's credit rating one notch to "Aa3" from "Aa2" on Monday, saying its view on the strength in the Chinese-ruled city's institutions and governance is "lower than previously estimated.". . .  Full story

Canadian dollar strengthens as higher oil prices support

20/01 The Canadian dollar edged higher against its U.S. counterpart on Monday as oil prices rose, but the loonie stuck to its recent sideways trading pattern ahead of a Bank of Canada interest rate decision. . .  Full story

Czech central banker Holub says reasons for holding or raising rates "very equal" -paper

20/01 Czech central banker Tomas Holub sees reasons for rate stability or a moderate rise as "very equal", considering domestic inflationary pressures, a fragile revival abroad and the strengthening crown, he was quoted as saying on. . .  Full story

Brazil's real weakens after minister's comments, Chilean peso up

20/01 Brazil's real weakened on Monday after the country's economic minister flagged weakness in the currency as the "new normal," while the Chilean peso firmed on the back of strong copper prices.. . .  Full story

Sterling falls after Javid comments stoke hard Brexit fears

20/01 The pound fell on Monday after comments by UK finance minister Sajid Javid stoked fears about weak ties between Britain and the European Union following the country's departure from the bloc.. . .  Full story

Dollar gains as U.S. economic strength supports sentiment

20/01 The dollar rose to its strongest level of 2020 on Monday after last week's run of data confirmed that the U.S. economy is holding up well, while China's yuan briefly hit a new six-month. . .  Full story

Central banks can't save the world from climate change, BIS says

20/01 Central banks can't be expected to save the world from climate change, a new book by the Bank for International Settlement said on Monday, urging instead global co-ordination ranging from government policy to financial regulation.. . .  Full story

Stocks stay near record highs; focus turns to central banks, earnings

20/01 World stocks traded just below record highs on Monday, pausing ahead of this week's central bank meetings, economic data and earnings, while oil prices rose to their highest in over a week after blockades. . .  Full story

Norway finance minister quits over IS woman's return from Syria

20/01 Norwegian Finance Minister Siv Jensen and her right-wing Progress Party will resign from the government over a cabinet decision to help bring a woman suspected of Islamic State affiliation back home to Norway, Jensen said. . .  Full story

Egypt's debt ratio to beat target this year, minister says

20/01 Egypt is on track to reduce its total debt to a lower-than-expected 83% of GDP by the end of the fiscal year in June, helped by a widening of its primary budget surplus in. . .  Full story

Offshore investors net sellers of South African stocks, buy bonds

20/01 Offshore investors sold a net of 1.04 billion rand ($71.62 million) of South African stocks last week and bought 4.95 billion rand in bonds, data from the Johannesburg Stock Exchange showed on Monday. STOCKS. . .  Full story

Norway PM Solberg says to stay in office with minority government

20/01 Norway's Conservative Prime Minister Erna Solberg will remain in office as head of a minority three-party coalition following the resignation of the right-wing Progress Party, Solberg said on Monday.. . .  Full story

Sri Lanka shares slip for fourth session as consumer, financials weigh

20/01 Sri Lankan shares slid for a fourth straight session on Monday, with consumer and financial stocks accounting for a major portion of the day's losses.. . .  Full story

As Brexit nears, UK's Johnson pushes for deeper trade ties with Africa

20/01 Prime Minister Boris Johnson called for deeper investment ties between Britain and Africa at a summit for leaders of 21 African countries on Monday that comes days before his country will leave the European. . .  Full story

EM stocks, currencies flat ahead of key central bank meetings

20/01 Emerging market stocks and currencies were flat on Monday as investors braced for major central bank meetings later in the week, while Turkish and Russian equities scaled all-time highs.. . .  Full story

GRAPHIC-Take Five: A week in central banking

20/01 1/THE ORACLES SPEAK Geopolitics overshadowed monetary policy for the first time in many months in early January. But such distractions tend to be short-lived nowadays, with investors getting back to central bank-watching swiftly.. . .  Full story

Ugandan shilling stable on thin importer demand

20/01 The Ugandan shilling traded in a stable position on Monday on the back of thin appetite for dollars from merchandise importers, traders said.. . .  Full story

Kenyan shilling stable, underpinned by commodity flows

20/01 The Kenyan shilling was firm on Monday supported by inflows from the agricultural sector and offshore investors buying stocks and government debt, traders said.. . .  Full story

S.Korean stocks end higher as solid U.S. data fuels risk appetite

20/01 Round-up of South Korean financial markets:. . .  Full story

South African rand flat in early trade, eyes on ANC leaders' meeting

20/01 South Africa's rand was little changed early on Monday as investors held off from placing large bets while the governing African National Congress (ANC) party held an important meeting on the. . .  Full story

Ready, steady, review: Five questions for the ECB

20/01 The European Central Bank's first meeting of the year is set to bring the formal launch of a strategy review, most likely including a rethink of an inflation goal the bank has failed to. . .  Full story

S.Korea's Q4 GDP growth seen picking up, but full-year pace slowest in a decade

20/01 South Korea's economy likely grew faster in the December quarter than in the preceding period, helped by improved domestic consumption after fiscal and monetary stimulus, a Reuters poll showed on Monday.. . .  Full story

Most gain; yuan hits near 7-month high on firm PBOC fix

20/01 Most Asian currencies ticked higher on Monday, with China's yuan leading the pack on a firm midpoint rate fix by the central bank and robust demand ahead of a week-long New Year holiday.. . .  Full story

South African Markets - Factors to watch on Jan 20

20/01 The following scheduled economic indicators, debt and currency market moves may affect South African markets on Monday.. . .  Full story

Yuan climbs to fresh 6-month top before holiday hiatus

20/01 The yuan edged up to a new six-month high on Monday, with traders expecting the currency to stay firm before a week-long holiday, after China showed signs of economic recovery and sealed a long-awaited trade. . .  Full story

African Markets - Factors to watch on January 20

20/01 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. - - - - - GLOBAL MARKETS Asian shares. . .  Full story

S.Korea stocks rise as strong U.S. data lifts risk appetite

20/01 Round-up of South Korean financial markets: ** South Korean shares gained on Monday as risk sentiment improved following solid U.S. data. The won was flat, while. . .  Full story

Australia, NZ dlrs save stamina for data hurdles later in week

20/01 The Australian and New Zealand dollars marked time on Monday as markets awaited key data due later in the week which could decide whether interest rates in both countries might be cut anytime soon.. . .  Full story

China sets yuan mid-point at strongest in six months

20/01 The People's Bank of China set the onshore yuan mid-point guidance rate at its strongest level since July 19, 2019.. . .  Full story

Airbus unit to offer product to help airlines with revenue volatility

20/01 A subsidiary of Airbus, the world’s largest planemaker, is preparing to launch a financial product aimed at helping its airline customers hedge against risks to revenue, officials said.. . .  Full story

South Africa tries to secure funding for struggling SAA

19/01 South Africa's Public Enterprises Ministry said on Sunday it was talking with the Treasury to raise funds to rescue South African Airways (SAA), following a meeting with business rescue specialists at the weekend.. . .  Full story

S.African stocks hit near 7-month highs, led by Richemont, miners

18/01 South African stocks rose to near seven-month highs on Friday, underpinned by gains in heavyweight Richemont and mining firms, while the rand fell against a broadly stronger dollar.. . .  Full story

Shares set fresh records, lifted by U.S. housing data

17/01 Key world equity indexes scaled new highs on Friday, boosted by a surge in U.S. housing starts to levels last seen in 2006, while the greenback rose to a one-week high against the euro. . .  Full story

C$ weakens amid risk currency moves will concern Bank of Canada

17/01 The Canadian dollar weakened against its U.S. counterpart on Friday, as the greenback broadly rose and investors saw risk that the Bank of Canada would remark on the loonie's recent appreciation at an interest. . .  Full story

Strong China data powers rally in Latam markets

17/01 The Mexican peso scaled a more than one-year high on Thursday as Latin American currencies rallied after stronger-than-expected economic data from China fueled optimism about global growth in the wake of a Sino-U.S. trade truce.. . .  Full story

Dollar gains on U.S. economic optimism

17/01 The greenback rose to a one-week high against the euro on Friday as economic data pointed to solid economic growth, and reduced fears about an impending slowdown. U.S. homebuilding. . .  Full story

U.S.-China trade deal to ease global uncertainty -IMF chief

17/01 The signing of a Phase 1 trade agreement between the United States and China will reduce - but not eliminate - uncertainty that has dampened global economic growth, International Monetary Fund Managing Director Kristalina Georgieva. . .  Full story