Forex

Ghana budget deficit seen easing to 4.2 pct in 2019 from 4.5 pct 2018 target

15/11 Ghana aims to narrow its budget deficit to 4.2 percent of gross domestic product in 2019 and forecasts GDP growth of 7.6 percent including oil, Finance Minister Ken Ofori-Atta said on Thursday.  Full story

Mexico central bank sends warning over incoming leftist government

15/11 Mexico's central bank raised its benchmark interest rate on Thursday on concerns over inflation, and said the incoming government's policies risked fanning inflation in a strongly worded warning to President-elect Andres Manuel Lopez Obrador.. . .  Full story

World stocks rebound, Brexit blow-up levels sterling

15/11 A gauge of global stocks climbed on Thursday after five sessions of declines as Wall Street surged on trade optimism, while sterling tumbled as political developments in Britain rippled through markets.. . .  Full story

Fed's Kashkari sticks to view that rates do not need to rise

15/11 The Federal Reserve should hold off on raising U.S. interest rates to allow more workers to get jobs, adding that the central bank can always raise rates to head off inflation if it starts. . .  Full story

Emerging markets 2019 outlook broadly stable -Moody's

15/11 The outlook for emerging markets is broadly stable for 2019, even as they are set to face increased challenges from slower global growth, rising interest rates, trade protectionism and geopolitical tensions, Moody's Investors Service said. . .  Full story

Brexit fears pummel sterling; lift yen, dollar

15/11 Sterling tumbled on Thursday after British ministers resigned in protest against a draft Brexit agreement, rekindling fears of a chaotic departure for Britain from the European Union in 4-1/2 months. The. . .  Full story

Pound dives as UK PM May fights for survival

15/11 Sterling tumbled on Thursday after a series of resignations rocked British Prime Minister Theresa May's government and threw into doubt her long-awaited Brexit agreement just hours after it was unveiled.. . .  Full story

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Emerging banks hike interest rates to battle inflation, weak currencies

15/11 Policy makers in Indonesia and The Philippines hiked interest rates on Thursday as central banks in developing countries face the fallout from the strong dollar, struggle to contain inflation and battle to shore up their. . .  Full story

Investors tout "value" stocks, cash as market outlook darkens

15/11 Fund managers are touting investments in "value" stocks, U.S. bonds and cash dollars in 2019 to weather an expected slowdown in global growth led by the United States and a possible pause in interest. . .  Full story

Israel inflation holds steady at 1.2 percent rate in October

15/11 Israel's annual inflation rate rose for the 14th straight month in October, data from the Central Bureau of Statistics showed on Thursday, holding steady from September and remaining within the government's target range.. . .  Full story

-UK regulators call banks after Brexit woes hammer pound, financial stocks

15/11 British financial regulators were in contact with major banks on Thursday asking for feedback on market conditions after the pound and financial stocks sank following the resignation of Britain's chief Brexit negotiator, sources said.. . .  Full story

Pakistan reserves decrease $196 mln to $7,483 mln week ending Nov 9

15/11 Pakistan's foreign exchange reserves decrease $196 million to $7,483 million in the week ending Nov 9, compared to $7,679 million in the previous week, central bank said on Thursday. RESERVES. . .  Full story

Mexico steady ahead of c.bank meeting, Argentine peso lower

15/11 The Mexican peso was steady against a strong dollar on Thursday ahead of a Bank of Mexico meeting when a rate rise is widely expected, while most other Latin American currencies fell as investors. . .  Full story

Ginnie Mae targets wider MBS investor base as Fed unwinds

15/11 A major issuer of U.S. mortgage-backed securities (MBS) is looking to expand its global investor base as the Federal Reserve, winding back years of monetary easing, divests its balance sheet of bond instruments.. . .  Full story

Heavyweight funds see ECB binning rate hike plans

15/11 Some of Europe's biggest money managers think the European Central Bank will be forced to shelve ambitions to hike interest rates next year, with some suspecting it might even get sucked back into bond. . .  Full story

France hopes to lure crypto-issuers with Gallic stamp of approval

15/11 With hundreds of cryptocurrencies being issued every month, countries face a choice: ban them, leave them unregulated, or come up with rules to tame them.. . .  Full story

C$ edges higher as oil price steadies, China-U.S. trade hopes grow

15/11 The Canadian dollar firmed against its broadly stronger U.S. counterpart on Thursday as oil prices stabilized and signs emerged that the United States and China were working to resolve a trade war.. . .  Full story

Asia Rice-Indian rates up on firmer rupee; Thai harvest to shore up stocks

15/11 Rice prices in top-exporter India nudged higher this week as the rupee firmed, while Thai exporters eyed fresh demand from the Philippines amid expectations of an increase in seasonal supply.. . .  Full story

Sri Lanka rupee falls to record low on continued political uncertainty

15/11 ** The Sri Lankan rupee fell to an all-time low on Thursday, continuing its record-setting spree, as political uncertainty outweighed the positive impact of a policy rate hike, sources said.. . .  Full story

Henkel still recovering after U.S. delivery problems

15/11 Henkel, owner of consumer brands including Persil detergent and Schwarzkopf shampoo, said it is still working to win back shelf space for its products in the United States after being hit by delivery problems early. . .  Full story

Currencies hand back gains as UK Brexit minister quits

15/11 Central European currencies gave up most of their early gains on Thursday after Dominic Raab, the British minister responsible for talks about quitting the European Union (Brexit), resigned. Brexit talks are. . .  Full story

Philippines hikes rates again to cool prices, tightening may be over

15/11 The Philippine central bank raised its benchmark interest rate for the fifth straight time on Thursday in a bid to tackle elevated inflation and bring it back to within its target range next year.. . .  Full story

Emerging shares, FX gain on U.S.-China trade optimism

15/11 Emerging market shares rose on Thursday, cheered by a bounce in Chinese equities on renewed optimism over a softening of the Sino-U.S. trade dispute, while currencies gained as oil prices stabilised amid concerns about. . .  Full story

Indonesia c.bank surprises with 6th rate hike to shore up rupiah

15/11 Indonesia's central bank on Thursday surprisingly raised its benchmark interest rate for the sixth time this year, as policymakers struggle to reduce imports and lower the country's yawning current-account deficit.. . .  Full story

Cheaper oil helps trim bearish bets against Asian currencies

15/11 Bearish bets on most Asian currencies slackened over the last two weeks, a Reuters poll showed, as a plunge in oil prices benefited the region's major crude importers, India and to a lesser extent. . .  Full story

S.Korean stocks jump on hopes of Trump-Kim summit, won gains

15/11 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index closed 1 percent higher on Thursday, boosted by hopes of a second meeting between U.S. President Donald Trump and North Korean leader Kim. . .  Full story

Asia Coffee-Vietnam domestic prices fall in peak harvest; Indonesia trade tepid

15/11 Domestic prices in Vietnam dropped this week on rising supplies as the 2018-19 harvest, which began last month, picked up pace, while trade in Indonesia remained tepid.. . .  Full story

South Africa central bank to hold rates, but a close call

15/11 South Africa's central bank will keep interest rates on hold at its Nov. 22 meeting, according to a Reuters poll, but the number of economists forecasting a rise suggests it is. . .  Full story

S.African rand firms on China-U.S. trade hopes

15/11 South Africa's rand firmed against the dollar in early trade on Thursday, extending an overnight rally, in line with a rise in bonds, encouraged by signs that China and the United. . .  Full story

China's Jan-Oct FDI rises 3.3 pct y/y - commerce ministry

15/11 Foreign direct investment (FDI) into China rose 3.3 percent in the first ten months of this year to 701.16 billion yuan ($101.10 billion) from a year earlier, China's Ministry of Commerce said on. . .  Full story

Asian currencies firm on China-U.S. trade hopes; peso in focus

15/11 Asian currencies firmed on Thursday on news that China has delivered a written response to U.S. trade demands, raising hopes the two sides will begin negotiations to bring an end to their trade war.. . .  Full story

Best way to lift budget gloom on Italian bonds may be snap poll

15/11 With markets braced for a lengthy standoff between Rome and Brussels over Italy's 2019 spending plans, investors see little that could change their gloomy view of Italian bonds other than a snap election that. . .  Full story

Cryptocurrency miner Canaan lets Hong Kong IPO application lapse

15/11 Canaan Inc, one of the world's leading cryptocurrency mining equipment makers, has let its application for a Hong Kong IPO of at least $400 million lapse, casting doubt on the prospects for other Chinese. . .  Full story

Yuan inches up, helped by signs of easing Sino-US trade tension

15/11 China's yuan edged higher against the dollar on Thursday, as the greenback slipped while signs of easing trade tensions between Beijing and Washington boosted market sentiment. The dollar weakened against the. . .  Full story

Russia c.bank sees volatility risks in oil prices, capital flows

15/11 Fluctuations in oil prices and capital flows could make markets more volatile but the Russian central bank is in position to tame risks to financial stability, Governor Elvira Nabiullina said on Thursday.. . .  Full story

Australia dlr extends rally on upbeat jobs report, kiwi benefits

15/11 The Australian dollar popped higher on Thursday after jobs data proved far stronger than expected, pushing up bond yields and perhaps bringing closer the day when official interest rates might rise.. . .  Full story

S.Korean stocks slip; Samsung C&T hit by Samsung BioLogics woes

15/11 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index slipped on Thursday, as overnight losses on Wall Street and. . .  Full story

Australia jobs enjoy bumper Oct in broadly strong report

15/11 Australian employment was surprisingly strong in October as firms took on more full time staff and the jobless rate stayed at its lowest since 2012, a bumper report that sent the local dollar skipping. . .  Full story

COLUMN-Sterling's fate tied to global economy, not Brexit: McGeever

15/11 Sterling is being whiplashed by Brexit headlines and Brexit headlines only these days, it seems. This is understandable, but the currency's fate next year will be determined by global economic conditions, which may be. . .  Full story

Sterling rises as UK PM May gets cabinet support on Brexit deal

14/11 Sterling rose in volatile trading on Wednesday after UK Prime Minister Theresa May received the backing of her cabinet for a draft Brexit deal, but she will now need to get the parliament to. . .  Full story

Oil claws back after plunge, sterling rises on Brexit deal

14/11 Oil prices bounced up on Wednesday, as hopes for output cuts fueled a partial rebound from the previous session's steep decline, and the euro and sterling gained as British Prime Minister Theresa May obtained her. . .  Full story

Euro, pound rise as U.K. PM May gets backing on Brexit deal

14/11 The euro and sterling gained on Wednesday as British Prime Minister Theresa May obtained backing from her cabinet on her Brexit deal, which she now has to convince parliament to approve.. . .  Full story

REUTERS SUMMIT-Amundi CIO says ECB won't raise rates in 2019, Fed to pause

14/11 - Europe's stuttering economy and Italy's budget crisis may rule out an interest rate rise next year by the European Central Bank, whose task will be complicated by leadership change, the Chief Investment Officer of. . .  Full story

Bitcoin drops to 1-year low as slump persists; ethereum down sharply

14/11 Bitcoin fell to a more than one-year low on Wednesday, breaching a key support level of $6,000 and causing a wave of selling in the digital currency and other crypto assets in what. . .  Full story

Gold gains 1 pct on dollar retreat, short-covering

14/11 Gold rose 1 percent on Wednesday, helped by a slight retreat in the dollar following a rally and as some investors covered their short positions after the metal held the key $1,200 level.. . .  Full story

Bitcoin extends losses, drops to lowest in more than a year

14/11 Bitcoin fell to a more than one-year low on Wednesday, falling below a key support level of $6,000, with traders and analysts unclear on what caused the sudden drop in price.. . .  Full story

Mexican central bank deputy governor resigns due to health issues

14/11 Mexican central bank deputy governor Roberto del Cueto has handed in his resignation on health grounds, the bank said, giving President-elect Andres Manuel Lopez Obrador more scope to influence the shape of the Bank of. . .  Full story

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Latam currencies gain, set to snap six-session losing run

14/11 Latin American currencies were on track to snap a six-session losing run on Wednesday, with the dollar tepid after the release of U.S. consumer inflation data. Mexico's peso and stocks. . .  Full story

ECB's bond buys weakened euro by 12 pct, study suggests

14/11 The European Central Bank's 2.6 trillion euro ($2.9 trillion)bond purchase scheme may have weakened the euro by 12 percent against the dollar, research published by the ECB argued on Wednesday, calling the impact of such. . .  Full story

C$ extends rebound from 4-month low as oil prices rise

14/11 The Canadian dollar edged higher against its broadly weaker U.S. counterpart on Wednesday, extending its recovery from a nearly four-month low the day before as oil prices rebounded. The price of. . .  Full story

Concerns grow over Israel's loosening budget ahead of election year

14/11 As Israel approaches an election year, the central bank and analysts have become increasingly worried that the budget deficit is too high and gives the government no room to deal with a potential economic slowdown.. . .  Full story

Sri Lankan rupee hits record low on political uncertainty

14/11 ** The Sri Lankan rupee fell to a record low of 176.60 to the U.S. dollar on Wednesday, as political uncertainty outweighed the positive impact of a policy rate hike, sources said. ** Stocks. . .  Full story

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CEE MARKETS-Currencies ease after robust economic growth spurs inflation concerns

14/11 Central European currencies eased on Wednesday as robust economic growth data from the region highlighted inflation concerns which central banks are unlikely to rush to tackle, given a contraction in Germany, the region's largest trade. . .  Full story

ECB: no automatic link between bank test results and capital needs

14/11 There is no automatic link between European banks' stress test results and their capital requirements, a European Central Bank spokesperson said on Wednesday, after the ECB's second-in-command last week suggested a dozen lenders raise more. . .  Full story

Russia's Gazprom hedges currency risk with novel Eurobond clause

14/11 Gazprom has moved to protect itself against the impact of any new U.S. sanctions or other risks beyond its control by reserving the right to pay back a 1 billion euro ($1.13 billion)Eurobond in. . .  Full story

Iran executes two men accused of economic crimes

14/11 Iran executed two men accused of economic crimes on Wednesday, part of an effort to stem financial misconduct as the country faces an economic crisis and new U.S. sanctions targeting its oil sector.. . .  Full story

Emerging stocks falter on growth concerns, FX lifts

14/11 Plunging oil prices and a weaker dollar lifted most emerging currencies on Wednesday but failed to boost emerging shares weighed down by Chinese growth concerns.. . .  Full story

Sterling catches breath before UK cabinet meeting

14/11 Sterling steadied after posting its biggest jump in two weeks on Tuesday as investors await the outcome of a cabinet meeting where Prime Minister Theresa May will try to convince her ministers to accept. . .  Full story

Thai c.bank holds rates again, but many see a hike soon

14/11 Thailand's central bank held its benchmark interest rate steady on Wednesday as expected, but a widening split on the decision-making committee bolstered views that next month it could tighten policy for the first time. . .  Full story

South African rand steady before retail sales data

14/11 South Africa's rand was little changed early on Wednesday as investors awaited the release of retail sales figures.. . .  Full story

Sri Lanka unexpectedly raises rates to support currency as political crisis deepens

14/11 Sri Lanka's central bank unexpectedly raised its key policy rates on Wednesday, a move aimed at defending a faltering rupee currency as foreign capital outflows pick up amid an escalating political crisis and rising U.S.. . .  Full story

S.Korean stocks dip on weak oil, impending decision on Samsung's biopharma arm

14/11 Round-up of South Korean financial markets:. . .  Full story

Oil price slump, Brexit news boost most Asian currencies

14/11 Most Asian currencies firmed on Wednesday as the dollar softened and a slump in oil prices eased concerns about inflation risks. Oil prices extended losses after a 7 percent plunge. . .  Full story

Yuan steady as markets eye US-China trade talks

14/11 The Chinese yuan steadied on Wednesday thanks to signs of easing trade tensions between Beijing and Washington, though traders were cautious about the local currency's outlook in the face of rising economic headwinds.. . .  Full story

Australia dollar holds gains on China-US trade talk; wage data a wash

14/11 The Australian and New Zealand dollars clung to gains on Wednesday after signs of a possible thaw in Sino-U.S. trade relations prompted a bout of short-covering, though both remained within recent well-worn ranges.. . .  Full story

S.Korea stocks slip as regulator reviews Samsung BioLogics; won gains

14/11 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index edged lower on Wednesday as investors favoured caution while awaiting financial regulator's decision on alleged. . .  Full story

Australian wages pick up, but private sector lags

14/11 Australian wages rose at the fastest annual pace in almost three years last quarter but only thanks to a mandated increase in minimum wages, while growth in much of the private sector stayed stubbornly. . .  Full story

Australia consumer confidence improves in Nov - survey

14/11 A measure of Australian consumer confidence improved for a second month in November, with survey respondents more upbeat on their finances and the long-run economic outlook.. . .  Full story

Italy govt sticks to budget targets despite EU pressure

14/11 The Italian government will maintain its deficit and economic growth forecasts for 2019 despite European Commission demands for the budget plan to be revised, Deputy Prime Minister Matteo Salvini said late on Tuesday.. . .  Full story

Britain agrees Brexit divorce deal with EU, May's opponents vow to thwart it

13/11 Britain struck a draft divorce deal with the European Union after more than a year of talks, thrusting Prime Minister Theresa May into a perilous battle over Brexit that could shape her country's prosperity. . .  Full story

Latam stocks fall for sixth straight day, currencies slide

13/11 Latin American stocks fell for a sixth consecutive day on Tuesday and regional currencies followed suit, with Mexico's peso hitting a near five-month trough on frigid investor sentiment towards the country and broader Latin America.. . .  Full story

Oil plummets on global demand concerns; U.S. stocks end lower

13/11 Oil prices plunged 7 percent on Tuesday on persistent concerns of oversupply and weakening global demand, causing Wall Street stocks to reverse early gains that were driven by the resumption of trade talks between. . .  Full story

C$ steadies after hitting 4-month low on oil price slump

13/11 The Canadian dollar was little changed against the greenback on Tuesday, steadying after it touched the weakest level in nearly four months earlier in the session as a sell-off in oil accelerated.. . .  Full story

UK opposition parties demand 'meaningful' vote on Brexit deal

13/11 Britain's main opposition parties have written to Prime Minister Theresa May demanding a "truly meaningful" parliamentary vote on its withdrawal from the EU, after the government agreed a draft Brexit text with the bloc.. . .  Full story

Emerging debt, unlike most fixed income, not expensive -TCW's Foley

13/11 Emerging market debt is a rare fixed-income class that does not look too expensive, and could be an even more attractive investment if the U.S. dollar weakens, according to Penny Foley, portfolio manager for. . .  Full story

Hopes for Brexit deal lift euro and sterling

13/11 The euro and sterling rose on Tuesday as Britain and the European Union agreed on a preliminary text for the nation to leave the economic bloc in a bid to avoid a chaotic divorce. . .  Full story

Gold climbs back above $1,200/oz as dollar rally pauses

13/11 Gold shook off earlier losses on Tuesday to move back above the key $1,200-per-ounce level, benefiting from a slight retreat in the dollar after a rally driven by the U.S. interest rate outlook and. . .  Full story

More pain in store for Italian bonds - NN IP CIO

13/11 Italian assets have further to fall before prices start to look attractive but the selloff will not trigger 2012-style contagion across the euro zone or require the ECB to step in, NN Investment Partners'. . .  Full story