Forex

Nigeria weakens naira at retail FX auction in a move to align rates

10h08 Nigeria's central bank asked lenders to bid for forex at an auction 5% above its official rate of 360, traders said, in a move to weaken the naira as the regulator. . .  Full story

Oil-linked Latam currencies outperform for week

03/07 Latin American stocks and currencies remained muted on Friday as a U.S. holiday provided few trading cues, but were set to end the week with gains as bets grew for a recovery from the. . .  Full story

Venezuelan prosecutor issues arrest warrants for opposition's ad hoc central bank board

03/07 Venezuela's chief prosecutor on Friday announced arrest warrants for members of the central bank's ad hoc board of directors, appointed by opposition leader Juan Guaido, for several crimes, including treason.. . .  Full story

Argentine creditors build 'Pac-Man' defences as country readies final offer

03/07 Argentina's government is reading a final debt restructuring offer to creditors which could be formally sent to U.S. regulators within days, a government source told Reuters on Friday, even as increasingly splintered bondholders tabled another. . .  Full story

Canadian dollar, 'stuck in a range,' clings to weekly gain

03/07 The Canadian dollar was little changed against its U.S. counterpart on Friday, holding on to this week's rally as it kept to a narrow trading range with U.S. markets closed in observance of Independence. . .  Full story

South African rand slips as COVID-19 and economic clouds gather

03/07 South Africa's rand weakened on Friday after two days of gains, weighed down by fears of a rebound in global COVID-19 infections and concerns about the local economy.. . .  Full story

Sterling heads for first weekly win against dollar in four

03/07 Sterling headed for its first positive week in four against the dollar on Friday, holding below the $1.25 mark as a week of negotiations between Britain and the European Union ended prematurely, with meetings. . .  Full story

Land Bank default forces S.Africa's central bank into $200 mln bailout of state investment arm

03/07 South Africa's central bank has issued a 3.45 billion rand ($200 million) guarantee to bail out the Corporation for Public Deposits (CPD), a government investment arm hit by surging defaults at. . .  Full story

Beaches beckon as England to end quarantine for more than 50 countries

03/07 Britain will end coronavirus quarantines for people arriving in England from more than 50 countries, including Germany, France, Spain and Italy - but not the United States - the government said on Friday.. . .  Full story

Dollar rises as risk appetite tempered by rising COVID-19 cases in U.S.

03/07 The dollar edged up on Friday but was set for its biggest weekly fall since the start of June, as a sentiment boost from better-than-expected jobs data in the United States was tempered by. . .  Full story

COVID recovery vs COVID reality

03/07 World shares stalled near a four-month high on Friday and the industrial bellwether metal copper scuffed its longest weekly winning streak in nearly three years, as nagging coronavirus nerves tempered the recent recovery run.. . .  Full story

Down they go: Emerging market interest rates fall for 17th month

03/07 Emerging market central banks continued to cut interest rates in June as policymakers battling the fallout from the coronavirus pandemic tried to shore up their economies.. . .  Full story

Sri Lankan shares end lower on losses in financials, industrials

03/07 Sri Lankan shares ended lower on Friday, dragged down by losses in financials and industrials.. . .  Full story

Hungary approves 2021 budget with 2.9% deficit target

03/07 Hungary's parliament on Friday approved the country's 2021 budget with a deficit target of 2.9% of gross domestic product, in line with a government bill submitted in May.. . .  Full story

FX little changed, investors expect downturn longer term

03/07 Emerging European currencies were little changed on Friday in a slow trading day after second-quarter closing and ahead of a long holiday weekend in the United States, with longer-term expectations for a weaker market.. . .  Full story

South Africa's National Treasury says "no further action" to bailout SAA airline

03/07 South Africa's National Treasury said on Friday there was "no further action" planned to bailout struggling national airline SAA except to settle guaranteed debt as attempts to revive the airline hang. . .  Full story

Stocks touch near 4-month high on upbeat data, currencies muted

03/07 Emerging market stocks rose on Friday and were set to end the week higher on upbeat data from China and the United States, while currencies lagged as growing coronavirus cases dampened optimism about a. . .  Full story

Rupiah stumbles, Indian rupee soars; stocks track weekly gains

03/07 The Indonesian rupiah slipped nearly 2% on Friday on worries about inflationary risks from its central bank buying low-yielding bonds, while the Indian rupee hit a three-month high on expected inflows and non-intervention by. . .  Full story

South African rand opens stronger after positive data

03/07 South Africa's rand opened stronger on Friday and was on course for gains of roughly 2% against the dollar this week, after the first current account surplus in 17 years and. . .  Full story

S.Korean shares rise on U.S. payrolls jump, log best weekly gain in a month

03/07 Round-up of South Korean financial markets:. . .  Full story

The end of bonds as ballast?: Mike Dolan

03/07 The days of using safe bonds as ballast for equity-heavy investment portfolios may now be numbered for many investors - though what replaces them is a much more complicated business.. . .  Full story

Yuan set for weekly gain on signs China's recovery is building up steam

03/07 The yuan was little changed on Friday but looked set for a modest weekly gain amid signs that China's economic recovery from the coronavirus crisis is gathering speed. Prior to the. . .  Full story

China to slash fees, add platforms for HK-based bond trading link - c.bank

03/07 The People's Bank of China will cut fees, extend operating hours and introduce more trading platforms to the 'Bond Connect' scheme that allows global investors a way into its vast market via Hong Kong,. . .  Full story

Australia, NZ dlrs ahead for the week as data roll their way

03/07 The Australian and New Zealand dollars were looking to end the week on a firm note on Friday as more upbeat economic news from the United States and China offset concerns about the surge. . .  Full story

S.Korean shares gain on record U.S. payrolls jump, set to end week firmer

03/07 Round-up of South Korean financial markets: ** South Korean shares climbed on Friday, buoyed by a record surge in U.S. payrolls, though a global spike in. . .  Full story

Indonesia may avoid recession based on early indicators -c.bank deputy

03/07 Indonesia's central bank deputy governor Dody Budi Waluyo said on Friday economic indicators in recent months showed that Indonesia may avoid a recession despite weak growth in the second quarter.. . .  Full story

Most Asian currencies ease slightly; Indonesian rupiah falls most

03/07 The following table shows rates for Asian currencies against the dollar at 0209 GMT. CURRENCIES VS U.S. DOLLAR Currency. . .  Full story

Indonesia raises 100 bln yen from Samurai bond sale

03/07 Indonesia raised 100 billion yen ($930.49 million) from a sale of Samurai bonds with five tranches, the finance ministry said on Friday, part of the Southeast Asian government's effort to finance its coronavirus response.. . .  Full story

Stocks jump on strong U.S. jobs data; COVID-19 caution lingers

02/07 A measure of stocks across the globe rose for a fourth straight day on Thursday after June U.S. payrolls grew by a record 4.8 million, but investors also flocked to the safe-haven dollar and. . .  Full story

Loonie rises as trade data supports economic recovery hopes

02/07 The Canadian dollar edged higher against its U.S. counterpart on Thursday as domestic data showing a narrower-than-expected trade deficit supported hopes of economic recovery, with the loonie adding to this week's rally.. . .  Full story

Latam stocks up; Mexican, Colombian pesos lead FX gains

02/07 Latin American stocks and currencies rose on Thursday, led by oil- and metal-linked currencies, after record U.S. job gains boosted hopes for a swift recovery from the pandemic-triggered recession. Data showed. . .  Full story

FOREX-U.S dollar gains on worries about resurgent coronavirus pandemic

02/07 The U.S. dollar rose on Thursday, regaining its safe-haven appeal, as investors worried that the resurgence of U.S. coronavirus cases could erase the summer's employment gains. U.S. financial markets. . .  Full story

Investors rethink yield curve control horizon as Fed raises doubts

02/07 Investors are dialing back expectations that the U.S. Federal Reserve may soon move to implement yield curve control, with some of them welcoming skepticism from the central bank in considering such a move.. . .  Full story

Eurodollar futures flagging year-end dollar crunch

02/07 The eurodollar futures market, which tracks short-term funding rate expectations over several years, is signaling funding stress by year-end for banks and corporations that could trigger abnormally high demand for U.S. dollars.. . .  Full story

S.African rand firmer as current account surplus adds to global risk boost

02/07 South Africa's rand firmed on Thursday after the country recorded a surprise current account surplus and demand for emerging market currencies was boosted by strong jobs data in the United States that encouraged risk-taking.. . .  Full story

Russia to more than double state borrowing in 2020

02/07 Russia plans to more than double its state borrowing this year to fund a rising budget deficit, with spending increasing to overcome the coronavirus crisis, aggravated by low oil prices, Deputy Finance Minister Vladimir Kolychev. . .  Full story

Pakistan reserves increase $1,270 mln to $11,231.0 week ending June 26

02/07 Pakistan's foreign exchange reserves decrease $1,270 million to $11,231.0 million in the week ending June 26, compared to $9,961.2 million in the previous week, central bank said on Thursday. RESERVES. . .  Full story

Ukraine aborts Eurobond sale as central bank governor's exit rattles market

02/07 Ukraine's government on Thursday sought to reassure investors that its reform agenda remained on track after being forced to abort a $1.75 billion Eurobond sale following the shock resignation of Central Bank Governor Yakiv Smoliy.. . .  Full story

Sterling driven by weaker dollar; investors eye month-end for trade deal

02/07 The pound continued to be driven up by the weaker U.S. dollar on Thursday and stayed neutral versus the euro as investors assessed the probability of Britain signing a trade deal with the European. . .  Full story

Sri Lankan shares end lower as financials, industrial weigh

02/07 Sri Lankan shares ended lower on Thursday, as declines in heavyweight financial and industrial stocks weighed on overall sentiment.. . .  Full story

Lithuania dabbles in crypto-coin as cbanks look for ways to fend off Facebook

02/07 Lithuania is about to issue the first central bank-produced digital coin in the euro zone, part of a project to trial state-backed digital currencies and blockchain technology in everyday use.. . .  Full story

South Africa records first current account surplus in 17 years

02/07 South Africa recorded its first current account surplus in 17 years in the first quarter of 2020 as the trade balance more than doubled, central bank data showed on Thursday.. . .  Full story

Stocks get a boost from improved risk sentiment

02/07 Central European stocks rose on Thursday and currencies firmed as global risk sentiment improved following data that showed the worst of the fallout from the coronavirus pandemic may have passed. On. . .  Full story

EMEA stocks rally, but currencies skittish ahead of U.S. payrolls

02/07 Emerging market stocks in Europe, the Middle East and Africa rose on Thursday as investors bet on a potential coronavirus vaccine, while currencies remained subdued ahead of key U.S. economic data.. . .  Full story

South African rand firms against dollar before current account data

02/07 South Africa's rand was firmer against the U.S. dollar on Thursday as investors looked to current account data for clues about the health of Africa's most industrialised economy.. . .  Full story

Rupiah stumbles; Philippines leads Asian share gains on vaccine hopes

02/07 Indonesian stocks and currency moved in opposite directions on Thursday as rate cut bets rose, while the Philippines led a rally in broader Asian shares on hopes of a coronavirus vaccine.. . .  Full story

S.Korean shares surge on upbeat U.S. data, virus vaccine hopes

02/07 Round-up of South Korean financial markets:. . .  Full story

Fed's Bullard warns of financial crisis risks as virus cases spike - FT

02/07 St. Louis Federal Reserve Bank president James Bullard has warned that a growing number of bankruptcies due to the coronavirus outbreak could lead to a financial crisis, the Financial Times reported.. . .  Full story

South African Markets - Factors to watch on July 2

02/07 The following scheduled economic indicators, debt and currency market moves may affect South African markets on Thursday.. . .  Full story

Yuan edges up as global markets await U.S. job data

02/07 The yuan inched up on Thursday, reflecting some strength in the official guidance rate, but trade was thin as global investors anxiously awaited U.S. job data for clues on the scale of economic recovery. . .  Full story

Australia, NZ dlrs tense for make or break U.S. jobs report

02/07 The Australian and New Zealand dollars took a time out on Thursday after a couple of sessions of gains as markets tensed for a U.S. payrolls report that could make or break the recent. . .  Full story

S.Korean shares track Wall St higher; SK Biopharmaceuticals jumps on debut

02/07 Round-up of South Korean financial markets: ** South Korean shares rose on Thursday, tracking Wall Street that rose on upbeat U.S. factory data and vaccine hopes. The. . .  Full story

Most Asian currencies flat; Taiwan dollar edges higher

02/07 The following table shows rates for Asian currencies against the dollar at 0204 GMT. CURRENCIES VS U.S. DOLLAR Currency. . .  Full story

Australia trade surplus widens to A$8.0 bln in May

02/07 Australia's balance of goods and services for May seasonally adjusted, released by the Australian Bureau of Statistics on Thursday. A$ (billion). . .  Full story

Aussie and kiwi forecasts hiked to keep up with reality

02/07 Analysts have sharply upgraded forecasts for the Australian and New Zealand dollars in the latest Reuters poll, rushing to match their meteoric rally as investors wagered heavily on global economic reopening even as the coronavirus. . .  Full story

Sterling seen up 4% in a year on optimism for EU-UK trade deal

02/07 Sterling will gain towards the end of the year if Britain and the European Union (EU) thrash out a deal over future trade relations as most analysts expect, a Reuters poll found.. . .  Full story

S&P slashes some Argentine foreign-currency bonds to default on interest non-payment

01/07 Ratings agency S&P Global on Wednesday slashed seven Argentine foreign-currency bonds to default, triggered by non-payment of interest, as the government remains entangled in debt negotiations with its foreign creditors.. . .  Full story

Manufacturing, vaccine data power stocks higher; U.S. dollar dips

01/07 Stocks across the globe rose on Wednesday following data pointing to a recovery in manufacturing and on bets for a COVID-19 vaccine, while the risk-on mood pushed the U.S. dollar lower.. . .  Full story

Latam assets jump on vaccine, economic recovery hopes

01/07 Brazil's real shot higher on Wednesday, with broader Latin American currencies in tow after data showed manufacturing in the region's largest economy returned to growth in June, while hopes for a potential coronavirus vaccine. . .  Full story

Dollar wobbles as decent U.S. data tempers safe-haven demand

01/07 The dollar retreated on Wednesday in choppy trading, as generally solid U.S. economic data and improving European numbers diminished its appeal as a safe haven, though the currency's outlook remained upbeat given renewed. . .  Full story

Sterling gains as dollar sags, survey shows manufacturing recovery

01/07 Sterling rose on Wednesday after upbeat U.S. data clipped safe-haven demand for dollars and as British manufacturing survey data pointed to a small increase in output after the historic collapse caused by the coronavirus.. . .  Full story

Sri Lankan shares end flat; financials, telecoms decline

01/07 Sri Lankan shares ended little changed on Wednesday, as declines in financial and telecom stocks offset gains from consumer stocks.. . .  Full story

Investors reckon China's grip is good for Hong Kong markets

01/07 In the streets of Hong Kong, activists protest against China's new security law. But in the trading rooms of Asia's dominant financial hub, investors are cheering the mainland's embrace.. . .  Full story

UK says China's security law is serious violation of Hong Kong treaty

01/07 The United Kingdom said China's imposition of a security law on Hong Kong was a "clear and serious" violation of the 1984 Joint Declaration and that London would offer around 3 million residents of. . .  Full story

Potential Ryanair job cuts remain at 3,000 - spokeswoman

01/07 Ryanair is still planning around 3,000 additional job losses if it cannot agree pay cuts with pilots and cabin crew, a spokeswoman for the airline said on Wednesday.. . .  Full story

Switzerland's service sector rebounds from coronavirus shutdown - PMI

01/07 Switzerland's service sector is limping back to health after the coronavirus shutdown, a survey showed on Wednesday, although businesses remain cautious about the road ahead.. . .  Full story

South Africa's rand edges firmer in tentative trade

01/07 South Africa's rand edged firmer early on Wednesday, shaking off data revealing the economy was already in contraction before the coronvirus lockdown as investors looked to pocket the local unit's. . .  Full story

CORRECTED-Japan’s SBI to buy minority stake in UK crypto market maker B2C2

01/07 A unit of Japanese financial conglomerate SBI Holdings has agreed to buy a minority stake in London-based cryptocurrency marketmaker B2C2 for $30 million, B2C2 said in a statement on Wednesday.. . .  Full story

Norway's June PMI rises to 48.9 points

01/07 The outlook for Norway's manufacturing industries continued to improve in June but still remains in contraction territory, a key business survey showed on Wednesday. The DNB Purchasing Managers' Index increased to. . .  Full story

Swedish central bank boosts QE programme to fight pandemic downturn

01/07 Sweden's central bank held its key rate at 0% as expected on Wednesday and substantially boosted the size of its asset purchases, including corporate bonds for the first time, as it tries to soften. . .  Full story

Currencies gain as economic contraction seen slowing

01/07 Emerging European currencies were mildly stronger on Wednesday amid indications that the pace of the economic downturn was slowing, encouraging investors after this year's coronavirus-induced shock. The downturn in central European. . .  Full story

EMEA stocks, FX muted as rising virus cases cloud economic outlook

01/07 Emerging markets in Europe, Middle East and Africa were subdued on Wednesday as investors weighed some improvement in economic data against a sustained increase in U.S. coronavirus cases.. . .  Full story

Rupiah pressured as rate cut bets rise; stocks struggle

01/07 The Indonesian rupiah eased on Wednesday as prospects of a rate cut increased after inflation came in below the central bank's target range, while broader Asian stocks struggled to retain gains as rising coronavirus. . .  Full story

S.Korean shares shed early gains amid mixed cues

01/07 Round-up of South Korean financial markets:. . .  Full story

One hundred years of certitude? FAANG-like century bonds clean up: Mike Dolan

01/07 Investors who snapped up Austria's first "century bond" three years ago would have so far doubled their money, outpacing the racy Nasdaq composite with a total return of 101% in dollar terms.. . .  Full story

South African Markets - Factors to watch on July 1

01/07 The following economic events, debt and currency market moves may affect South African markets on Wednesday.. . .  Full story

Yuan briefly hits 1-week high on optimism for economic recovery

01/07 The yuan came off one-week highs made after Chinese factory activity surveys raised hopes of a faster-than-expected economic recovery, and the yuan lost most of its gains by midday on Wednesday as traders baulked. . .  Full story

S.Korean shares gain 1% as stimulus hopes offset bleak domestic data

01/07 Round-up of South Korean financial markets: ** South Korean shares rose 1% on Wednesday as investors shrugged off lacklustre data on domestic exports and manufacturing activity and pinned hopes on additional. . .  Full story

Australia, NZ dollars pulled higher as equities defy gravity

01/07 The Australian and New Zealand dollars were in firm form on Wednesday as global stocks kept rising in defiance of surging coronavirus cases and another batch of Chinese economic data surprised on the upside.. . .  Full story

Most Asian currencies flat; Taiwan dollar, South Korean won firm

01/07 The following table shows rates for Asian currencies against the dollar at 0208 GMT. CURRENCIES VS U.S. DOLLAR Currency. . .  Full story