Forex

Equities edge higher, dollar gains on last day of choppy quarter

19h17 Global equity markets rose and safe-haven assets including the dollar inched higher Wednesday as investors weighed a rising number of COVID-19 cases and a chaotic U.S. presidential debate against better-than-expected U.S. private jobs data on. . .  Full story

Dollar slides as risk sentiment rises on U.S. stimulus hopes

19h01 The dollar fell against most currencies in choppy trading, as risk sentiment improved after U.S. government officials expressed hope that another stimulus package could be passed to help ease the economic impact of. . .  Full story

South Africa's rand hits week best, stocks fall

17h54 South Africa's rand firmed more than one percent to its strongest level in over a week on Wednesday as the U.S. dollar was knocked back by an acrid presidential debate.. . .  Full story

Sterling rises 0.6% as quarter-end flows push traders to buy

17h45 Sterling rallied in late London trading on Wednesday as market makers adjusted their positions on the last day of the month and the third quarter.. . .  Full story

U.S. dollar share of global reserves dips in second quarter

17h08 The U.S. dollar's share of currency reserves reported to the International Monetary Fund was 61.3% in the second quarter, down from the first three months of the year, IMF data showed on Wednesday.. . .  Full story

Kenya delays release of Q2 GDP data

16h52 Kenya delayed the release of its second quarter 2020 gross domestic product data, the statistics office said on Wednesday, due to late submission of information.. . .  Full story

19 resurgence may clip Canada's economy less than in spring

16h52 Canada's economy could suffer a smaller hit from a second wave of the coronavirus pandemic than earlier this year, as provinces strive to avoid broad-based lockdowns and take targeted measures to deal with outbreaks, strategists. . .  Full story

Mexican peso shines, Brazil's real flat amid fiscal worries

16h15 Mexico's peso rose more than 1% on Wednesday, outperforming Latin American peers pressured by a stronger dollar, with fiscal concerns in Brazil weighing on the currency there. The peso sought to. . .  Full story

ECB's Lagarde sets scene for Fed-like strategy overhaul

15h39 European Central Bank President Christine Lagarde set the scene on Wednesday for a change of strategy that could align the ECB with the U.S. Federal Reserve, possibly including a commitment to let inflation overshoot after. . .  Full story

Canadian dollar pares its monthly decline as economy recovers further

15h28 The Canadian dollar edged higher against its U.S. counterpart on Wednesday as domestic data showed the economy continuing to recover in recent months, with the loonie rebounding from an earlier 8-week low hit amid U.S.. . .  Full story

South Africa's trade surplus widens to 2.3 bln in August

15h08 South Africa's trade balance recorded a surplus of 38.87 billion rand ($2.30 billion) in August from a revised 37.18 billion rand surplus in July, data from the revenue service showed on. . .  Full story

-Chaotic U.S. election debate fuels investors' fears of contested result

14h57 U.S. equity futures fell and volatility indicators turned jumpy as a chaotic presidential debate between incumbent Donald Trump and Democratic challenger Joe Biden heightened fears that a disputed ballot could lead to a messy transfer. . .  Full story

Sri Lankan shares edge lower as energy, industrial stocks weigh

14h26 Sri Lanka shares fell for a second straight session on Wednesday as industrial and energy stocks declined, although the index booked its best monthly gain in eight years.. . .  Full story

Poorest countries face tough choice over G20 debt relief plan

13h58 The world's poorest countries could soon be facing a tough decision -- double up on debt relief from the G20 with the caveat they must default on private creditors, or quit the programme to. . .  Full story

Forced relocation of euro clearing would backfire, says LSE

13h49 Forcing banks in the European Union to shift euro clearing from the City of London would prompt a backlash among cost-conscious banks, a senior London Stock Exchange official said.. . .  Full story

LSE OFFICIAL

13h46 . . .  Full story

No time for "Chicken Licken" gloom about economy - BoE's Haldane

13h12 Overly pessimistic views about the coronavirus crisis risk holding back Britain's economy after its COVID-19 lockdown shock, Bank of England Chief Economist Andy Haldane said on Wednesday.. . .  Full story

Kenya's economy likely to expand by 3.1% this year - central bank

13h10 Kenya's economy is likely to grow by 3.1% this year, the central bank governor said on Wednesday, reflecting growing optimism in the East African nation as it navigates its way through. . .  Full story

Dollar outshining gold, beating yen in battle of safe havens

13h00 Volatility across asset markets is fueling a bounce in the battered dollar, showcasing the currency's safe-haven status amid worries over growth abroad and U.S. political strife.. . .  Full story

COLUMN-Through the fog, 2022 starts to look more normal :Mike Dolan

12h00 While most economic forecasters are still struggling to see to the end of 2020, a brave few are sticking their necks out and predicting a return to some semblance of normality in 2022.. . .  Full story

Currencies, stocks mixed as coronavirus worries persist

11h50 Central European currencies and stock markets were mixed on Tuesday as a surge in coronavirus numbers and a chaotic U.S. presidential debate worried investors. "The FX market in the region. . .  Full story

Turkish lira rises from record lows, EM equities set for monthly decline

11h12 Turkey's lira recovered from record lows on Wednesday as the government lowered a tax on foreign currency transactions, while emerging-market equities were set for their first monthly decline since the coronavirus-driven crash in March.. . .  Full story

Sterling falls after Brexit bill opposed by EU passes UK parliament

10h30 Sterling fell on Wednesday after Britain's lower house of parliament approved legislation on Tuesday that gives ministers the power to break its divorce agreement with the European Union.. . .  Full story

Asian stock lift from China data fades as Trump-Biden debate sparks concern

10h16 An early boost to Asia's emerging stock markets from Chinese economic data faded on Wednesday as a chaotic first U.S. presidential debate weakened sentiment globally and traders reined in bets ahead of several regional market. . .  Full story

Turks pile into 'horse race' stock market as foreigners pull out

10h08 Turks have been snapping up local stocks like never before, with their ranks swelling by more than a third so far this year, as high inflation and cheap valuations convince them to abandon other. . .  Full story

UK GDP collapsed nearly 20% in Q2 in historic COVID hit

09h55 Britain suffered a record collapse in economic output in the second quarter of 2020 when COVID-19 lockdown measures were in full force, though the decline was slightly smaller than first estimated.. . .  Full story

Swiss National Bank spent 51.51 bln Sfr on Q2 currency intervention

09h18 The Swiss National Bank spent 51.51 billion Swiss francs ($55.92 billion) in the second quarter on currency interventions to curb the safe-haven Swiss franc's strength, up from 38.51 billion in the first quarter, the. . .  Full story

South Africa's rand weaker as markets digest U.S. presidential debate

09h14 South Africa's rand weakened against the U.S. dollar in early trade on Wednesday, as traders assessed a fierce first debate between U.S. President Donald Trump and Democratic rival Joe Biden.. . .  Full story

Swiss leading indicator hits 10-year high as rebound continues

09h10 Switzerland's KOF leading indicator hit a 10-year high in September, rising for the fourth time in a row as the economy extended its rebound from the depths of the coronavirus crisis.. . .  Full story

Singapore c.bank seen keeping monetary policy on hold on recovery hopes

08h01 Singapore's central bank will likely keep policy settings steady in October on hopes the economy will recover as the financial hub further loosens coronavirus curbs and on expectations fiscal policy will be the main driver. . .  Full story

Australia, NZ dlrs set for first monthly drop since March

07h39 The Australian and New Zealand dollars were poised for their first monthly loss since March on Wednesday, as expectations of further monetary policy easing in the two countries and fears of a slower global. . .  Full story

Yuan set for best quarter since 2008 global financial crisis

07h27 The yuan inched up against the dollar on Wednesday, underpinned by upbeat manufacturing data, with the Chinese unit on course for its best quarter since the global financial crisis in 2008.. . .  Full story

African Markets - Factors to watch on Sept 30

06h50 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.. . .  Full story

China's overnight dollar/yuan swap points hit highest in over 3 years

05h28 China's yuan forwards climbed on Wednesday to the highest in more than three years, as liquidity demand jumped ahead of the Golden Week holiday.. . .  Full story

ANALYSIS-Yen safety status at risk from pandemic-era global rates collapse

02h00 The coronavirus epidemic - and the collapse in global interest rates it has sparked - may have blown a hole in conventional market wisdom that Japan's yen strengthens during crises, triggering a warning bell. . .  Full story

HKMA sells HK$7.63 bln in NY hours, currency hits strong end of band

01h40 The Hong Kong Monetary Authority sold HK$7.626 billion ($984.04 million) into the market in New York trading hours after the currency hit the strong end of its trading band, data released by the HKMA showed.. . .  Full story

Money market turmoil in March shows past reforms may be insufficient-U.S. Treasury official

29/09 Turmoil in money market mutual funds sparked by the coronavirus pandemic shows that decade-old reforms to the $4.4 trillion industry may not be enough to avert major outflows during a future crisis, Deputy U.S. Treasury. . .  Full story

FOREX-Dollar skids as investors await 1st U.S. presidential debate

29/09 The dollar on Tuesday dropped from near last week's two-month highs, as investors capitalized on recent gains in the greenback and cautiously looked ahead to the first debate between U.S. President Donald Trump. . .  Full story

Equities slip, bonds rise ahead of U.S. presidential debate

29/09 Global equity benchmarks slid and government bonds inched higher Tuesday as investors remained hesitant ahead of the first U.S. presidential debate and watched for progress in talks for further fiscal stimulus in Washington.. . .  Full story

Canadian dollar dips as investors wait for cheaper buying level

29/09 The Canadian dollar edged lower against its U.S. counterpart on Tuesday as oil prices fell and investors waited for the currency to extend this month's decline before stepping in to buy it, with the. . .  Full story

Fiscal woes weigh on Brazil's real; Latam stocks track Wall St lower

29/09 Brazil's real gave up gains and stocks in Sao Paulo hit three months lows on Tuesday after a new fiscal aid in the country package raised worries of the government overshooting the spending limit.. . .  Full story

S&P warns Romania planned pension hike could derail economy

29/09 S&P Global Ratings warned Romania on Tuesday that a move by parliament to reinstate a massive 40% raise in pensions would prompt a disorderly fiscal correction just as the economy is struggling with the. . .  Full story

South Africa's rand firmer despite bleak jobless data, stocks fall

29/09 South Africa's rand firmed on Tuesday, brushing off weak unemployment figures as caution toward safe-haven assets ahead of the keenly awaited presidential debate in the United States kept some risk currencies in favour.. . .  Full story

Pound flattens against dollar after BOE's Bailey comments

29/09 Sterling erased earlier gains against the dollar on Tuesday after Bank of England Governor Andrew Bailey warned the economic recovery may not be as strong going forward and did not entirely rule out using. . .  Full story

BoE realistic about challenge of sub-zero rates for banks, Bailey says

29/09 Bank of England Governor Andrew Bailey said the central bank was realistic about the challenges negative interest rates would pose for the banking system, but repeated he was not ruling them out as a. . .  Full story

Nigeria's FX reserves swell by $200 mln after court ruling, central bank says

29/09 Nigeria's central bank said on Tuesday its foreign reserves have grown by $200 million after a London court ordered the release of a guarantee put in place as security for a. . .  Full story

Yen safety status at risk from pandemic-era global rates collapse

29/09 The coronavirus epidemic - and the collapse in global interest rates it has sparked - may have blown a hole in conventional market wisdom that Japan's yen strengthens during crises, triggering a warning bell. . .  Full story

BoE realistic about challenge of sub-zero rates for banks-Bailey

29/09 Bank of England Governor Andrew Bailey said on Tuesday he did not rule out using negative interest rates but that the central bank was realistic about the challenges they would pose for the banking. . .  Full story

Financial firms and governments deeply sceptical of cryptocurrencies - survey

29/09 Financial firms and governments overwhelmingly see cryptocurrencies as risky, a major survey found on Tuesday, with the potential for bitcoin and other digital tokens for use in money laundering and sanctions busting among the chief. . .  Full story

Sri Lankan shares end three-day rally as conglomerates decline

29/09 Sri Lankan shares slid on Tuesday from a more than eight-month high hit in the previous session, dragged down by losses in conglomerates.. . .  Full story

Indonesia parliament passes President Joko Widodo's $185 bln 2021 budget

29/09 Indonesia's parliament on Tuesday approved President Joko Widodo's $185 billion budget for 2021, which his finance minister described as both supportive for Southeast Asia's largest economy and also the start of a fiscal consolidation.. . .  Full story

Sri Lanka's bonds hammered by default worries

29/09 Sri Lankan government bonds tumbled heavily on Tuesday, a day after one of the main credit rating agencies, Moody's, warned about the mounting pressure on the country's finances.. . .  Full story

Yields rise in weekly South African government bond auction

29/09 South Africa's government sold a total of 6.6 billion rand ($386.84 million) of its 2026 , 2030 and 2037 bonds on Tuesday. Yields rose compared with the previous auctions.. . .  Full story

Advent raises $2 billion fund for Latin American company bets

29/09 U.S. private equity firm Advent International has raised a $2 billion fund to invest in Latin American companies, it said on Tuesday, its seventh focused on the region, hoping to target assets made cheaper. . .  Full story

Turkey mega hospital builders agree 1.1 bln euro loan restructuring -sources

29/09 The two companies building the stalled Etlik mega hospital in Ankara agreed to one of Turkey's largest loan restructurings earlier this month, according to two sources, one of whom said the deal was was. . .  Full story

Ugandan shilling weakens, weighed down by a surge in interbank demand

29/09 The Ugandan shilling traded weaker on Tuesday, undermined by a surge in demand for hard currency from commercial banks and some merchandise importers.. . .  Full story

Zloty at April lows as pressure on CEE FX stays

29/09 Poland's zloty dropped to its lowest since early April for a second straight day on Tuesday, as pressure remained on central Europe's currencies amid a spike in new coronavirus cases, raising worries over the. . .  Full story

Major Chinese banks make rare cuts to foreign currency deposit rates

29/09 Chinese commercial banks have made rare cuts to their foreign currency deposit rates in recent weeks to reflect the easier monetary policies of overseas economies grappling with the fallout from the coronavirus pandemic.. . .  Full story

Lira hits new lows, rouble tumbles as Caucasus clashes intensify

29/09 The Turkish lira plumbed new lows on Tuesday and the Russian rouble fell to a four-and-a-half year low against the euro as heavy fighting between Azeri and Armenian forces amplified geopolitical concerns in the. . .  Full story

South Africa's foreign direct investment inflows drop in Q2

29/09 South Africa's foreign direct investment (FDI) inflows fell to 17.4 billion rand ($1.02 billion) in the second quarter from 29 billion rand in the first quarter, the central bank said on Tuesday.. . .  Full story

Norway's NHO business lobby sees sluggish recovery from pandemic

29/09 Norway's economic contraction in 2020 will be less severe than predicted four months ago, but the economy will take years to recover from the coronavirus pandemic, the country's top business lobby said on Tuesday.. . .  Full story

South Korea leads muted gains in Asia after Wall St boost

29/09 South Korea outperformed other emerging Asian stock markets on Tuesday as overnight gains on Wall Street lifted sentiment and investors looked to rebalance their books into the month-end and a handful of regional holidays.. . .  Full story

South Africa's rand steady, eyes on U.S. presidential debate

29/09 South Africa's rand held steady versus the dollar early on Tuesday as financial markets braced for the first U.S. presidential debate, and traders awaited local second-quarter unemployment statistics.. . .  Full story

S.Korean stocks end higher as U.S. stocks gain, virus cases fall

29/09 Round-up of South Korean financial markets:. . .  Full story

S.Korea c.bank sold net $0.345 bln in forex intervention in Q2

29/09 South Korea's central bank said on Tuesday it sold net $0.345 billion during the second quarter, less than a net $5.851 billion in the previous quarter, to ease the won's volatility.. . .  Full story

China needs a raft of reforms to make new economic strategy work - govt advisers

29/09 China will need a plethora of reforms if it is to make a new economic strategy that relies mainly on domestic consumption work, advisers to the Chinese cabinet said on Tuesday.. . .  Full story

Yuan eases slightly ahead of Golden Week holiday

29/09 The yuan slipped in quiet trade on Tuesday, with traders possibly trimming their exposure to the Chinese currency as the market wound down ahead of the Golden Week holiday, which runs from Oct. 1-8.. . .  Full story

Australian dlr bounces off 2-month lows on shifting rate views, NZ$ touch higher

29/09 The Australian dollar bounced on Tuesday as economists pushed back expectations for a rate cut by the country's central bank to November from next week while a risk rally across a range of asset. . .  Full story

African Markets - Factors to watch on Sept 29

29/09 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.. . .  Full story

S.Korea stocks track Wall Street gains, fall in virus cases lifts sentiment

29/09 Round-up of South Korean financial markets: ** South Korean shares rose on Tuesday ahead of a three-day Chuseok holiday, tracking Wall Street gains and as the. . .  Full story

HKMA sells HK$1.04 bln in NY hours as currency hits strong end of band

29/09 The Hong Kong Monetary Authority sold HK$1.039 billion ($134.1 million) into the market in New York trading hours after the currency hit the strong end of its trading band, according to data released by. . .  Full story

Brazil's government backs new basic income payments to poor

29/09 Brazil's government on Monday detailed how it would pay for a new minimum income program called Renda Cidada, with President Jair Bolsonaro and Economy Minister Paulo Guedes still pledging to honor the country's spending cap. . .  Full story

'Relief rally' pushes equity markets higher; bonds flat

28/09 Global equity markets surged and the dollar fell from two-month highs on Monday as investors moved into beaten-down sectors such as banks and travel on the heels of last week's sharp sell-off.. . .  Full story

Chile's peso firms on fiscal aid plan, Brazil's real skids 1%

28/09 The Chilean peso rose on Monday as President Sebastian Pinera launched a $2 billion fiscal aid program, while the Brazilian real tumbled 1% to extend a three-week losing streak. Chile's peso. . .  Full story

Canadian dollar sell-off stalls as Wall Street rallies

28/09 The Canadian dollar edged higher against its broadly weaker U.S. counterpart on Monday as oil clawed back some of this month's decline and stock markets rose globally, with the loonie finding some support after posting. . .  Full story

Dollar eases from two-month high as equities rally

28/09 The dollar retreated from a two-month high against a basket of currencies on Monday as equities rallied after four straight weeks of declines ahead of a busy week of economic data and political developments. . .  Full story

Markets in Q3: The charge before the storm

28/09 Financial markets roared into the second half of the year in full-throttle comeback mode. The only problem was that the coronavirus came back too.. . .  Full story

South Africa's rand firms on risk-taking, stocks jump

28/09 South Africa's rand firmed on Monday as positive economic data from China boosted risk-sentiment, and the country's shares posted their biggest gain in 50 days.. . .  Full story

ECB's Lagarde says dissent among policymakers is healthy

28/09 Dissent on the European Central Bank executive board is normal and healthy, ECB president Christine Lagarde said on Monday amid a growing rift among policymakers, fuelled in part by commentary from board members.. . .  Full story

Sterling up over 1% as traders see hope of avoiding cliff-edge Brexit

28/09 The British pound rose more than 1% on Monday on hopes that Britain could secure a Brexit trade deal with the European Union by October or at least avoid a cliff-edge exit from the. . .  Full story

As Brexit talks intensify, banks see sharply higher risk of no-deal exit

28/09 The chances of Britain leaving the European Union without a trade deal have risen dramatically in the last three months, according to major investment banks, most of which now see the probability of such. . .  Full story

Sri Lankan shares end nearly 3% higher as consumer stocks gain

28/09 Sri Lankan shares rose on Monday, closing at their highest level in over eight months, supported by gains in consumer and financial stocks.. . .  Full story

Lagarde's peace at risk as ECB splits over virus response - sources

28/09 European Central Bank policymakers are increasingly divided over how to steer the economy through a second wave of COVID-19, threatening President Christine Lagarde's hard-won peace, conversations with eight ECB insiders show.. . .  Full story

Sterling jumps more than 1% as traders see hope of avoiding cliff-edge Brexit

28/09 The British pound soared more than 1% on Monday on hopes that Britain could secure a Brexit trade deal with the European Union by October or at least avoid a cliff-edge exit from the. . .  Full story