Forex

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

09h00 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

Pound reverses gains after bleak British retail sales

17/01 The pound gave up early gains on Friday after UK retail sales data came in weaker than expected, prompting investors to price in a greater chance interest rates would be cut at the end. . .  Full story

Travelex staff put away pens and paper as UK systems come back online

17/01 More than two weeks after a crippling ransomware attack forced Travelex staff to use pen and paper to calculate foreign currency exchanges, the company said the first of its customer-facing systems in Britain was. . .  Full story

Take Five: A week in central banking

17/01 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

Sri Lanka shares slip for third session as financials weigh

17/01 Sri Lankan shares slid for a third session on Friday, weighed down by financial stocks.. . .  Full story

Nigeria to talk to concessionary lenders about $2.8 bln borrowing: debt office

17/01 Nigeria plans to talk to concessionary lenders about 850 billion naira ($2.8 billion) in external borrowings earmarked in its 2020 budget, the head of the debt office said on Friday.. . .  Full story

-U.S.-China Phase 2 trade deal unlikely - S&P trade analyst

17/01 A more comprehensive trade deal between the United States and China is unlikely, a global trade expert said on Friday, adding that the recently agreed Phase 1 deal lacks teeth and is too ambitious. . .  Full story

Nigeria's lender Access acquires Kenya's Transnational Bank

17/01 Nigeria's top lender by assets, Access Bank, has acquired Kenya's Transnational Bank, the Kenyan central bank said on Friday.. . .  Full story

China securities regulator says to balance equity supply and demand this year

17/01 China's securities watchdog said on Friday that it would keep equity supply and demand in balance in 2020 as it pushes for further reforms in the capital markets while containing financial risks.. . .  Full story

Nigerian inflation climbs for fourth month as prices rise across board

17/01 Annual inflation in Nigeria rose for the fourth straight month in December, marking the longest run of increases in almost two years as prices climbed across all categories measured by the. . .  Full story

Ugandan shilling trades stable as interbank demand slows

17/01 The Ugandan shilling traded stable on Friday on the back of subdued appetite for hard currency in the interbank market.. . .  Full story

China will make yuan more flexible -FX regulator

17/01 China will improve its yuan regime and make the currency more flexible, a spokeswoman for the foreign exchange regulator said on Friday.. . .  Full story

EM stocks scale 19-month highs; South African rand firms on rate cut

17/01 Emerging market stocks climbed toward 19-month highs on Friday, as data showed the Chinese economy was chugging along despite a bruising trade war with the United States, while South Africa's rand firmed after a. . .  Full story

South Africa's rand edges up after surprise rate cut

17/01 South Africa's rand rose against the dollar early on Friday, a day after the central bank unexpectedly cut rates in an attempt to boost faltering economic growth.. . .  Full story

S.Korean stocks pause after trade-fueled rally; up 2% for week

17/01 Round-up of South Korean financial markets:. . .  Full story

Kenyan shilling firms on horticulture inflows, remittances

17/01 The Kenyan shilling was firm on Friday supported by inflows from the horticulture sector and diaspora remittances, traders said. At 0642 GMT, commercial banks quoted the shilling at 100.90/101.10 per. . .  Full story

Most units trade in tight range; yuan gains on strong data

17/01 Most Asian currencies traded in a narrow range on Friday as excitement over the signing of the Sino-U.S. trade deal faded, while China's yuan hit a six-month high after data showed resilience in the. . .  Full story

Yuan climbs to fresh 6-month peak as China economy shows resilience

17/01 China's yuan advanced to a new six-month high against the dollar on Friday, after a slew of data pointed to resilience in China's economy in the final quarter of the year despite U.S. trade. . .  Full story

Bank of Korea holds rates, citing stronger recovery and housing bubble risk

17/01 South Korea's central bank kept its benchmark rate steady and struck an upbeat tone, citing signs of an improving trade environment and a resilient domestic backdrop that suggested policymakers are in no rush to. . .  Full story

S.Korea stocks hit 15-month high as China data soothes growth concerns

17/01 Round-up of South Korean financial markets: ** South Korean shares hit a 15-month high on Friday as Chinese economic data allayed growth worries, but the main index pared some early gains. . .  Full story

Australia, NZ dollars struggle to make much of better China data

17/01 The Australian and New Zealand dollars were heading for a flat finish for the week on Friday as a raft of Chinese economic data either met or beat forecasts, just not by enough to. . .  Full story

Euro zone slowdown has bottomed but no big bounce in sight

17/01 The slowdown in euro zone economic activity has probably bottomed out, according to a Reuters poll, which showed while the outlook for growth and inflation remained lukewarm the chances of a recession have faded somewhat.. . .  Full story

Dollar gains, stocks scale fresh highs on data, trade deal

16/01 The dollar rose while key world and stock indexes on Wall Street scaled new records on Thursday as the U.S.-China trade deal, strong corporate earnings and encouraging U.S. economic data lifted equity markets.. . .  Full story

Loonie trades sideways as investors await clues on rate outlook

16/01 The Canadian dollar was little changed against the greenback on Thursday, extending this week's sideways trading pattern as investors awaited economic data over the coming weeks that could shape expectations for the Bank of Canada. . .  Full story

Mexican shares join global rally; Brazil's real gives up gains

16/01 Latin American currencies traded flat to lower on Thursday with Brazil's real giving up gains made on upbeat economic data, while Mexican shares touched a one-month high in line with a rally in global. . .  Full story

Dollar gains on positive U.S. economic data

16/01 The dollar gained on Thursday after multiple data releases painted a positive U.S. economic picture, reversing earlier weakness following the preliminary deal between the United States and China to de-escalate their trade war.. . .  Full story

Turkish central bank slows easing with modest interest rate cut

16/01 Turkey's central bank cut its key interest rate by 75 basis points to 11.25% on Thursday, in its most restrained move since it began easing in July, suggesting any further stimulus would be modest. . .  Full story

South Africa's rand firms on surprise rate cut

16/01 South Africa's rand inched up on Thursday after the central bank unexpectedly cut its main lending rate by 25 basis points to 6.25%, providing a stimulus to the flagging economy as it lowered its. . .  Full story

Sterling rises to 1-week high as traders await data cues on BoE rate decision

16/01 Sterling edged up on Thursday, hitting its highest level of the week as investors paused their ramping-up of bets on the Bank of England cutting interest rates later this month.. . .  Full story

"Devil is in the detail" - EU says will check US-China deal

16/01 The European Union will check to see whether a major deal struck by the United States and China complies with global trade rules, the EU's trade chief said on Thursday.. . .  Full story

South Africa scours state coffers in bid to rescue SAA

16/01 South Africa is scrambling to secure extra funding to rescue South African Airways (SAA), which last month entered a form of bankruptcy protection in a last-ditch bid to save the state-owned. . .  Full story

South African central bank surprises with rate cut

16/01 South Africa's central bank unexpectedly cut its main lending rate by 25 basis points to 6.25% on Thursday, providing a stimulus to the flagging economy as it lowered its inflation forecasts. . .  Full story

Lebanon default "probable", deposit grab "possible" - Fitch

16/01 Lebanon's precarious finances mean the crisis-hit country looks likely to default on its debt in some way and could even launch a Cyprus-style grab for savers' bank accounts, Fitch's top sovereign analyst said.. . .  Full story

Pakistan reserves increase $82 mln to $11,586.0 mln week ending Jan 10

16/01 Pakistan's foreign exchange reserves increase $82 million to $11,586.0 million in the week ending Jan 10, compared to $11,503.7 million in the previous week, the central bank said on Thursday.. . .  Full story

Sri Lanka shares slip as consumer, financial sector weigh

16/01 Sri Lankan shares slid for a second session on Wednesday, hit by a drop in financial and consumer stocks which accounted for more than half the day's losses.. . .  Full story

China's new bank loans hit record in 2019, more stimulus expected

16/01 New bank lending in China hit a record of 16.81 trillion yuan ($2.44 trillion) in 2019 as the central bank eased policy to support the world's second-largest economy hobbled by weak global demand. . .  Full story

Czech crown pulls back from 7-year high

16/01 The Czech crown retreated from a seven-year high in early trade on Thursday, as it approached a new resistance level after a blistering start to the year. The crown has been. . .  Full story

Sterling recovers as traders wait for data cues on BoE rate cut

16/01 Sterling edged higher on Thursday, hitting its best level of the week as investors paused the ramping-up of bets on the Bank of England cutting interest rates later this month.. . .  Full story

EM stocks firm on Sino-U.S. trade truce; Turkish equities hit record high

16/01 Emerging market stocks climbed on Thursday after China committed to boosting purchases of U.S. goods and services in an initial trade deal signed on Wednesday, while Turkish equities hit a record high ahead of. . .  Full story

South Africa trawling state coffers to land SAA airline rescue

16/01 South Africa is scrambling to find extra funding to rescue South African Airways (SAA), which last month entered a form of bankruptcy protection in an effort to save the state-owned company. . .  Full story

Kenyan shilling firms against dollar on back of remittances, investors buying stocks

16/01 The Kenyan shilling firmed on Thursday supported by inflows from remittances and offshore investors buying stocks amid thin dollar demand from importers, traders said.. . .  Full story

China's yuan barely moves, stocks slip as investors weigh Phase 1 trade deal

16/01 China's yuan held steady while stocks fell on Thursday after Beijing and Washington signed a Phase 1 deal to defuse their trade war, with financial markets taking on a cautious tone as many thorny. . .  Full story

South Africa's rand steady before mining data, interest rate decision

16/01 South Africa's rand held steady against the dollar early on Thursday, as investors awaited mining output data for further insight into how the economy performed in the final quarter of last. . .  Full story

S.Korean stocks climb amid cautious optimism after Sino-U.S. trade deal

16/01 Round-up of South Korean financial markets: South Korean stocks ended firmer on Thursday, led by automotive and pharmaceutical sectors, though investors remained wary of unresolved trade issues after an initial pact was signed by Washington and. . .  Full story

Most Asian currencies edge up after Sino-U.S. trade deal

16/01 Most Asian currencies clocked slight gains against the greenback on Thursday after the United States and China signed an initial trade deal, though risk appetite was subdued as a number of contentious issues remained. . .  Full story

Indonesian president says a rapidly rising rupiah may upset exporters

16/01 Indonesia's President Joko Widodo said on Thursday exporters may be upset if the rupiah exchange rate strengthens too quickly against the dollar , as the currency trades near a two-year high.. . .  Full story

Australia, NZ dollars manage muted cheer for Trump's trade truce

16/01 The Australian and New Zealand dollars inched higher on Thursday with the market relieved the first stage of the Sino-U.S. trade deal had been sealed but wary that months more wrangling lay ahead.. . .  Full story

S.Korea stocks seesaw as Sino-U.S. trade pact fails to assuage uncertainty

16/01 Round-up of South Korean financial markets: Seoul shares oscillated between positive and negative territory on Thursday as the Sino-U.S. pact defused a tariff war, which had roiled South Korea's trade-dependent economy, but the deal failed to. . .  Full story

China's Liu: China to use trade deal to prove talks working to improve economy-CGTN

15/01 Chinese Vice Premier Liu He said China will use the results of the Phase 1 trade deal with the United States to prove that the negotiations are working to improve the economy, Chinese state. . .  Full story

Canadian dollar firms as trade pact supports investor sentiment

15/01 The Canadian dollar edged higher against its U.S. counterpart on Wednesday as the signing of a Phase 1 trade agreement between the United States and China helped underpin investor risk appetite.. . .  Full story

Stocks climb new peaks on trade deal, oil slips on demand worries

15/01 Key world equity indexes climbed to new records on Wednesday on hopes a U.S.-China trade deal will reduce harmful tensions, but oil prices slid on doubts the pact will spur world growth and boost. . .  Full story

Fed sees U.S. economy on track, Trump renews Fed gripes

15/01 U.S. central bankers on Wednesday expressed confidence they have borrowing costs at the right level to sustain growth and lift inflation to healthier levels, despite what businesses say is a lingering drag from uncertainty over. . .  Full story

Latam markets fall; Brazil's real dips on weak data

15/01 Brazil's real slid 1% on Wednesday on disappointing retail sales data, while Latin American stock markets were mostly lower, unmoved by the long-expected signing of a U.S.-China Phase 1 trade deal at a ceremony. . .  Full story

Dollar weakens as U.S., China sign trade deal

15/01 The dollar pared losses but remained lower against the euro and the yen on Wednesday after the United States and China signed a deal to de-escalate their trade war. The two. . .  Full story

Lebanon cenbank governor has been asked to delay Eurobond swaps -source

15/01 Lebanon's caretaker finance minister has asked the central bank governor to hold off on a proposed swap of 2020 Eurobonds after ratings agencies warned it could constitute a selective default, a source familiar with. . .  Full story

South Africa's rand firms on better-than-expected retail sales data

15/01 South Africa's rand firmed against the dollar on Wednesday as November retail sales rose more than expected, giving insight into how the economy performed in the final quarter of last year.. . .  Full story

Sterling falls as weak inflation data fans BoE rate cut expectations

15/01 Sterling fell on Wednesday after data showed UK inflation rose at its weakest rate in three years, ramping up expectations of a rate cut from the Bank of England at its January meeting.. . .  Full story

Foreign investors to maintain interest in Russian state debt in 2020 - central bank

15/01 Foreign investors are expected to maintain their interest in Russian OFZ treasury bonds in 2020, Elizaveta Danilova, head of the central bank's financial stability department, said on Wednesday.. . .  Full story

Ugandan shilling weakens on importer demand

15/01 The Ugandan shilling weakened on Wednesday on the back of demand from energy and other goods importers, traders said.. . .  Full story

Czech crown extends 2020 rally, tests post-intervention high

15/01 The crown firmed against the euro on Wednesday, testing a multi-year high and outperforming central European peers as markets weighed chances of whether Czech interest rates could rise this year. The. . .  Full story

Russia's Putin pledges to keep tax regime for business unchanged for next 6 years

15/01 Russia's government should keep the tax regime for business unchanged for the next six years, Russian President Vladimir Putin said in a state of the nation address on Wednesday.. . .  Full story

Iran recession to deepen, reserves to fall to $73 bln by March –IIF

15/01 Hit by sanctions curbing oil sales, Iran's economy is set to fall deeper into recession this fiscal year and foreign reserves could drop to $73 billion by March, a loss of almost $40. . .  Full story

EM stocks retreat as caution sets in ahead of trade deal signing

15/01 Emerging market stocks fell from 19-month highs on Wednesday, as optimism around a long-awaited initial U.S.-China trade deal was dulled by comments that U.S. tariffs on Chinese goods would stay in place until the. . .  Full story

Kenyan shilling trading in tight range against the dollar

15/01 The Kenyan shilling was stable on Wednesday and was forecast to trade in a tight range against the dollar supported by inflows from non-governmental organizations and offshore investors buying government debt, traders said.. . .  Full story

South Africa's rand firms ahead of retail sales data

15/01 South Africa's rand firmed against the dollar early on Wednesday, as investors awaited retail sales numbers, looking for clues on the health of the economy in the final quarter of last year.. . .  Full story

Thailand plans more investment measures to support economy

15/01 Thailand is planning additional measures to boost investment to support Southeast Asia's second-largest economy hit by weak exports and a strong baht , its deputy prime minister said on Wednesday.. . .  Full story