Forex

S.Africa's rand races to 3-week high on easing trade war, Brexit tensions

12/10 South Africa's rand powered to a 3-week best on Friday as emerging market currencies were boosted by thawing trade tensions between United States and China.  Full story

UK firms to cut costs and hiring in next 12 months - survey

01h00 Prolonged political uncertainty in Britain is forcing finance directors to cut costs and hold off hiring to help companies prepare for an unpredictable year ahead, according to a survey by Deloitte.. . .  Full story

PM Johnson to set out post-Brexit law and order drive in Queen's Speech

13/10 Queen Elizabeth will on Monday announce several new pieces of legislation to reform Britain's justice system, in a ceremonial speech setting out Prime Minister Boris Johnson's post-Brexit plans.. . .  Full story

ECB's Holzmann calls current monetary policy "wrong", hopes for new course under Lagarde

13/10 New Austrian National Bank Governor Robert Holzmann sharply criticized the European Central Bank's ultra-easy monetary policy in an interview on Sunday and said he hoped for a new course under incoming chief Christine Lagarde.. . .  Full story

Countdown to divorce: Meetings that will decide Brexit

13/10 The following events will determine whether Britain exits the European Union as planned on Oct. 31 or the three-year-old Brexit saga takes another twist.. . .  Full story

Russia says exploring settlement in euros, roubles for energy exports

13/10 Russian Economy Minister Maxim Oreshkin said the country is considering alternatives to the U.S. dollar for energy transactions and is exploring currency settlements in euros and roubles for energy exports to minimise U.S. exposure.. . .  Full story

FT INTERVIEW

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DUP's Dodds says N.Ireland must stay in full UK customs union- Repubblica

12/10 A mooted eleventh-hour solution to the deadlock over Brexit cannot work because Northern Ireland must remain in a full United Kingdom customs union, the deputy leader of the province's key political party said on. . .  Full story

No need for Polish rate hike at present - central banker

12/10 Poland does not currently face inflationary pressures that would require an interest rate hike, central banker Jerzy Kropiwnicki told business daily Parkiet in comments published on Saturday.. . .  Full story

Facebook's Libra currency abandoned by major financial companies

12/10 Facebook Inc's ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa Inc quit the group behind the project.. . .  Full story

STATEMENT

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Stocks off highs after trade deal announced; Brexit hopes boost pound

11/10 Stocks on Wall Street came off their highs in late trading after U.S. President Donald Trump announced a partial trade deal with China that could be signed within weeks, with the boost from New. . .  Full story

THE VERGE

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Mastercard, Visa, others exit Facebook's Libra project

11/10 Facebook Inc's efforts to establish a global digital currency called Libra suffered major setbacks on Friday, as EBay Inc, Stripe Inc, Mastercard and Visa Inc all said they were leaving a group of companies aiding. . .  Full story

Dollar skids to 3-month low on Brexit, trade optimism

11/10 The dollar dropped to a three-month low on Friday, as safe-haven buying eased and risk sentiment improved on optimism about U.S.-China trade negotiations as well as increased chances for an orderly British exit from. . .  Full story

Trump says U.S., China have reached substantial phase-1 trade deal

11/10 President Donald Trump said on Friday the United States and China had come to a substantial phase-1 trade deal, reaching agreement on intellectual property, financial services and big agricultural purchases.. . .  Full story

U.S.-China trade deal hopes spark rally in Latam assets

11/10 Mexico's peso hit a two-month high on Friday and Latin American stocks jumped nearly 2% as investors picked up risky assets after U.S.-China trade negotiators signalled that Beijing was open to a "partial" deal.. . .  Full story

EU, Britain enter intense Brexit talks as UK departure date looms

11/10 The European Union agreed on Friday to enter intense talks with Britain to try to break the deadlock over Brexit, lifting financial markets with a sign that a deal could be done before the. . .  Full story

BLOOMBERG

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Banks ramp up bets on Brexit deal as mood music improves

11/10 Major investment banks said on Friday they had become more optimistic on the prospects for a Brexit deal, following an upbeat meeting between British and Irish leaders that buoyed the pound.. . .  Full story

UK strikes ferry deals to ensure supply of medicines after Brexit

11/10 Britain said on Friday it had signed deals worth 86.6 million pounds ($109.50 million) with shipping firms to ensure the supply of vital medicines in the event of border chaos after the country leaves. . .  Full story

Fed's Kashkari says officials should consider yield-curve control as a potential tool

11/10 Minneapolis Federal Reserve Bank President Neel Kashkari on Friday said the U.S. central bank should look into controlling the yield curve as a potential tool for monetary policy, similar to an approach used by. . .  Full story

Brexit deal hopes push pound to highest in over three months

11/10 Sterling surged on Friday as investors rushed to reprice the prospect of a last-minute Brexit deal, after the European Union gave its chief negotiator the go-ahead to re-open negotiations with London.. . .  Full story

Take Five: Time to talk

11/10 1/STERLING BULLS UNLEASHED Sterling bulls could be forgiven if they thought Christmas had arrived early.. . .  Full story

C$ notches 1-month high as jobs gain cements steady rate outlook

11/10 The Canadian dollar strengthened to a four-week high against its U.S. counterpart on Friday after domestic data showing a much bigger-than-expected jobs gain in September supported bets for the Bank of Canada to keep. . .  Full story

Possible Brexit fix: keep N.Ireland in UK customs but do checks in Irish sea - EU sources

11/10 The European Union's Brexit negotiator Michel Barnier told member states that Britain has changed its position to now accept that the proposed replacement to the backstop cannot erect a customs border on the island. . .  Full story

Sri Lanka stocks hit five-week high; foreigners exit

11/10 ** Sri Lankan stocks rose for the sixth straight session on Friday to hit their five-week high led by banking and beverage shares, but foreign investors exited from risky assets with the start of. . .  Full story

Spend more if you want ECB to raise rates, Draghi tells governments

11/10 Euro zone governments can help the European Central Bank raise interest rates sooner if they loosen their own purse strings to support the economy, ECB President Mario Draghi said on Friday.. . .  Full story

U.S.-China currency deal won't change dollar-yuan dynamics -experts

11/10 A U.S.-China currency agreement being floated as a symbol of progress in this week's trade talks between the world's two largest economies would largely repeat past pledges by China, currency experts say, and will not. . .  Full story

Ugandan shilling weakens as rate cut spurs banks to beef up positions

11/10 The Ugandan shilling weakened on Friday as players in the interbank market beefed up their positions after the central bank this week, in a surprise move, cut its policy rate by 100 basis points. . .  Full story

What Brexit? London tightens grip in forex trading

11/10 Financial analytics firm Mosaic Smart Data has doubled the number of developers and quantitative analysts it employs since 2018 at its London base, where nearly 40 now crunch numbers to help banks trade foreign. . .  Full story

Stocks jump 1% on trade talk hopes; rand leads FX gains

11/10 Hopes of a breakthrough in U.S.-China trade talks put emerging- market stocks on course for their biggest percentage gain in a month on Friday, while South Africa's rand, the Korean won and the Chinese. . .  Full story

Gold a new headache for Thai central bank as baht surges

11/10 After surging gold shipments helped push Thailand's baht to a 6-year-high, dealers in the yellow metal voiced doubt on Friday at the central bank's hopes of getting them to bring back their export proceeds. . .  Full story

Rouble touches two-week high on hopes about U.S.-China trade talks

11/10 The Russian rouble strengthened to a two-week high against the U.S. dollar on Friday, lifted by rising risk appetite globally on hopes the United States and China may find a way to de-escalate a. . .  Full story

Politics dominate news, markets mildly positive

11/10 Emerging European assets opened on a mildly positive note on Friday as politics dominated the news in most markets, with elections due in Poland and Hungary, and the Romanian government falling after losing a confidence. . .  Full story

Hopes around U.S.-China trade talks bolster South African rand

11/10 South Africa's rand was firmer in early trade on Friday as hopes of progress in U.S.-China trade talks held down the dollar and boosted emerging market currencies.. . .  Full story

S.Korean stocks end firmer as investors cheer signs of trade progress

11/10 Round-up of South Korean financial markets: South Korean shares ended higher on Friday after U.S. President Donald Trump said he would meet with China's top trade negotiator, stirring hopes for an agreement. The Korean won. . .  Full story

Most Asian units firm on trade optimism; S.Korean won jumps

11/10 Most Emerging Asian currencies strengthened on Friday as signs of progress in top-level negotiations between China and the United States spurred hopes that the two sides were moving towards a limited deal.. . .  Full story

ANALYSIS-Turkey's incursion in Syria may leave its own economy wounded

11/10 One casualty of Turkey's military incursion into Syria may be its own recovery from recession after U.S. congressional leaders threatened sanctions that could hit the lira and harden Turkish distrust of Western allies.. . .  Full story

For a few dollars more: global funds take on FX risk

11/10 Some European and Japanese bond investors are taking on more currency risk by buying dollar debt without protecting themselves against potentially devastating exchange rate swings as they seek ways to compensate for sub-zero yields at. . .  Full story

Yuan set for best week in 4 months on brighter hopes over trade talks

11/10 China's yuan extended gains against the dollar on Friday and was set for its best weekly performance in nearly four months, driven by hopes that U.S. and Chinese trade negotiators meeting in Washington will. . .  Full story

Sri Lanka c.bank keeps rates steady, rupee still vulnerable

11/10 Sri Lanka's central bank left its key rates unchanged on Friday after loosening policy earlier this year, although growth is likely to remain subdued as the economy faces rising global risks.. . .  Full story

China's Sept exports seen falling 3%, imports to shrink for 5th month

11/10 China's exports likely fell at a slightly faster pace in September as softening global demand and U.S. tariffs bit more deeply, while imports shrank for a fifth straight month, suggesting pressure on the economy. . .  Full story

Australian, NZ dollars climb on Sino-U.S. trade optimism, bonds sell-off

11/10 The Australian dollar climbed to a two-week high on Friday, while its New Zealand cousin was also upbeat as risk appetite was whetted by expectations of a trade deal between the United States and. . .  Full story

S.Korea stocks jump on Sino-U.S. trade-deal optimism

11/10 Round-up of South Korean financial markets: ** South Korean shares gained almost 1% on Friday following positive remarks by U.S. President Donald Trump after the first day of trade talks concluded.. . .  Full story

Asia Rice-African demand boosts Vietnam rates, India prices dip to 4-month low

11/10 Vietnamese rice export prices rose to their highest in two months this week as demand from African buyers increased, while prices in top exporter India fell to a four-month low on sluggish demand.. . .  Full story

Stocks rise with eyes on trade talks; pound rallies

10/10 Stocks rose on Thursday after U.S. President Donald Trump said he would meet with China's top trade negotiator on Friday, while the British pound rallied after the prime ministers of Britain and Ireland revived. . .  Full story

Dollar falters as safe-haven bid dims on Brexit, trade deal optimism

10/10 The dollar slid to two-week lows on Thursday, with safe-haven demand for the currency waning as investors grew optimistic about progress toward a U.S.-China trade deal and agreement on Britain's exit from the. . .  Full story

U.S.-China trade optimism lifts Latam stocks, FX

10/10 Latin American stocks gained on Thursday as investors rushed to buy risky assets, encouraged by signs that Washington and Beijing could reach a trade deal, while most currencies in the region firmed against a. . .  Full story

Irish foreign minister says there is Brexit optimism but 'not there yet'

10/10 Ireland's foreign minister Simon Coveney said there was cause for optimism after positive Brexit talks between British Prime Minister Boris Johnson and his Irish counterpart but said there was still some way to go. . .  Full story

Markets dance to Trump's trade tunes

10/10 The ebb and flow of trade tensions between the United States and China has roiled financial markets for months, and with the December deadline for higher U.S. tariffs on Chinese goods approaching fast no. . .  Full story

Italy plans to issue more foreign currency bonds next year

10/10 Italy plans to sell more debt denominated in foreign currencies next year after demand for its first U.S. dollar bond in nearly a decade exceeded expectations, the head of debt management at the Treasury. . .  Full story

UK Brexit planning minister Gove delighted by Johnson, Varadkar talks

10/10 Michael Gove, the British minister in charge of the government's preparations for Brexit, said talks between Prime Minister Boris Johnson and his Irish counterpart on Thursday had been constructive and he was delighted they had. . .  Full story

South African rand stronger as dollar dips, stocks up

10/10 South Africa's rand firmed on Thursday, as the dollar retreated on global markets, with safe-haven demand for the U.S. currency waning as investors grew optimistic about a trade deal between the. . .  Full story

Sterling jumps more than 1% after UK and Ireland talk up Brexit deal prospects

10/10 Sterling jumped on Thursday after the British and Irish prime ministers revived hopes of a possible Brexit deal.. . .  Full story

Turkey's incursion in Syria may leave its own economy wounded

10/10 One casualty of Turkey's military incursion into Syria may be its own recovery from recession after U.S. congressional leaders threatened sanctions that could hit the lira and harden Turkish distrust of Western allies.. . .  Full story

Romania faces prolonged uncertainty after government loses no-confidence vote,

10/10 Romanian Prime Minister Viorica Dancila's centre-left government collapsed on Thursday after losing a no-confidence vote in parliament, raising the prospect of prolonged political uncertainty due to a fragmented opposition.. . .  Full story

EU weighs tighter rules against dirty money, eyes new agency

10/10 The European Union is considering tighter rules to counter the flow of dirty money into the region's banks and other economic sectors, EU officials said on Thursday.. . .  Full story

InfiniGold to launch digital token backed by Perth Mint gold

10/10 Fintech firm InfiniGold said on Thursday it would launch a digital token backed by gold stored in the vaults of Australia's Perth Mint, one of the world's largest precious metals refiners.. . .  Full story

Pakistan reserves increase $16 mln to $7,757.6 mln week ending Oct 4

10/10 Pakistan's foreign exchange reserves increase $16 million to $7,757.6 million in the week ending Oct 4, compared to $7,741.6 million in the previous week, the central bank said on Thursday.. . .  Full story

CEE MARKETS-Czech crown drops with CPI surprise, leu dips after Romanian govt falls

10/10 The Czech crown had its biggest fall in 2-1/2 months on Thursday after a sharp drop in consumer prices dented rate hike expectations, while the leu eased when Romanian lawmakers toppled the government in. . .  Full story

Loonie recovers from one-week low as investors eye trade talks

10/10 The Canadian dollar strengthened against its U.S. counterpart on Thursday, recovering from an earlier one-week low, as investors hoped for progress in trade talks between the United States and China. The. . .  Full story

UK economy to dodge pre-Brexit recession but outlook weak

10/10 Britain's economy looks to have dodged recession in the run-up to its deadline for leaving the European Union this month but the pace of growth has sagged as exporters felt the impact of the. . .  Full story

Ugandan shilling stable on flat importer and banks' demand

10/10 The Ugandan shilling traded stable on Thursday amid flat demand for hard currency from both importers and players in the interbank market.. . .  Full story

Sri Lanka stocks end tad firmer near four-week high; foreigners exit

10/10 ** Sri Lankan stocks rose for the fifth straight session on Thursday to hit their near four-week high led by beverage shares, but foreign investors exited from the risky assets with the start of. . .  Full story

Equatorial Guinea says currency caps will hurt Gulf of Guinea energy prospects

10/10 New currency controls enforced by the Bank of Central African States (BEAC) could ruin the oil and gas industry in the Gulf of Guinea and "destroy" Equatorial Guinea's economy, the country's. . .  Full story

Sterling dips to one-month low against the euro, UK-Ireland talks in focus

10/10 Sterling dipped to a one-month low against a broadly stronger euro on Thursday, with investors focused on a high-stakes meeting between the British and Irish leaders just three weeks before Britain is due to. . .  Full story

EM assets tread cautiously ahead of U.S.-China trade talks

10/10 A soft dollar supported China's yuan and a swathe of emerging market currencies on Thursday after reports that Washington and Beijing may agree a partial trade deal, but investors were unsettled about the outcome. . .  Full story

Asia Coffee-Low supply keeps trade subdued in Vietnam

10/10 Coffee trading in Vietnam was sluggish this week due to low stockpiles, traders said on Thursday, with prices ticking down on weak demand ahead of new harvest.. . .  Full story

Tanzania gold export earnings up 25% in year to August -central bank

10/10 Tanzania's earnings from gold exports rose 25.1% in the year to August, buoyed by higher output of the precious metal, its central bank said on Thursday.. . .  Full story

Thai c.bank says not in recession, plans steps to curb strong baht

10/10 Thailand is not in recession but growing below potential and the central bank is ready to take action if needed, while there are also plans for further measures to curb the baht's strength, central. . .  Full story

Vietnam Sept trade surplus $1.6 bln vs $3.4 bln surplus in Aug - customs

10/10 Vietnam recorded a trade surplus of $1.6 billion in September, narrowing from a surplus of $3.4 billion in August and beating a previous government forecast, customs data released on Thursday showed.. . .  Full story

Most Asian currencies rise as dollar slips; trade signals mixed

10/10 Most Asian currencies firmed on Thursday, as a volatile dollar weakened broadly on mixed signals over the state of trade talks between Washington and Beijing. Dampened sentiment following suggestions that. . .  Full story

S.Korean stocks, won end weaker; high-level trade talks in focus

10/10 Round-up of South Korean financial markets: South Korean shares trimmed early losses on Thursday as fresh reports raised hopes that Washington and Beijing would settle some economic disputes, though investors remained cautious ahead of high-level trade. . .  Full story

Ahead of Libra, XRP cryptocurrency gains toehold in commerce

10/10 Facebook's Libra may be grabbing all the headlines at the moment, yet a major cryptocurrency already exists that's gained a toehold in mainstream commerce.. . .  Full story

South African Markets - Factors to watch on Oct 10

10/10 The following scheduled economic indicators, debt and currency market moves may affect South African markets on Thursday.. . .  Full story

Yuan hits 3-week high, swings wildly on trade headlines

10/10 China's yuan hit a three-week high before paring some gains in a volatile session early on Thursday, as traders pounced on various conflicting headlines about the state of play in Sino-U.S. trade talks.. . .  Full story

Australia, NZ dlrs climb on trade hopes but sentiment cautious

10/10 The Australian and New Zealand dollars reversed early losses on Thursday as risk-sensitive assets got a fillip from positive news on the Sino-U.S. trade war, but gains were limited as conflicting reports heightened market anxiety.. . .  Full story

S.Korea stocks hit 1-month low as trade-deal hopes ebb

10/10 Round-up of South Korean financial markets: South Korean shares stumbled on Thursday to hit their lowest in more than a month after a media report implied that the United States and China were not making. . .  Full story

U.S. weighing China currency pact as part of partial trade deal - Bloomberg

10/10 The United States is weighing a currency pact with China as part of a partial deal that could see a planned tariff hike next week being suspended, Bloomberg reported https://bloom.bg/35vnu7g on Wednesday, citing people familiar. . .  Full story

BOJ urges Asia to speed up efforts for smooth phase-out of Libor

10/10 Bank of Japan Deputy Governor Masayoshi Amamiya on Thursday called on Asian policymakers and financial institutions to speed up efforts for a smooth transition from the tainted London Interbank Offered Rate (Libor) to other benchmarks.. . .  Full story

Fed meeting minutes shed more light on repo chaos

10/10 Meeting minutes released by the Federal Reserve on Wednesday shed light on how recent volatility in money markets caught officials' attention and pushed the central bank into action.. . .  Full story