Forex

Kenyan shilling strengthens against the dollar

12h21 The Kenyan shilling strengthened against the dollar on Tuesday with inflows from diaspora remittances and tightening liquidity in the local money market easing dollar demand from merchandise importers, traders said.  Full story

Stocks jump on report Brexit deal may be close, oil slips

18h10 Stocks in Europe and on Wall Street jumped more than 1% on Tuesday on strong U.S. corporate results and a possible deal to avoid a disorderly British exit from the European Union, while oil. . .  Full story

Sterling jumps to highest since May on Brexit deal hopes

18h09 Sterling surged on Tuesday to its highest level against the dollar and the euro since May while British stocks and government bond yields also rose after Bloomberg said British and EU negotiators were closing. . .  Full story

IMF cuts Kenya's economic growth forecast for 2019 and 2020

17h44 Kenya's economy is expected to expand by 5.6% this year and 6.0% in 2020, the International Monetary Fund said on Tuesday, lowering its forecasts from earlier this year.. . .  Full story

South Africa's rand steadies, Sasol leads stocks higher

17h36 South Africa's rand steadied in late trade on Tuesday, struggling for momentum as fading optimism over the latest China-U.S. trade truce weighed on risk appetite, while stocks rose, led by chemicals firm Sasol .. . .  Full story

Loonie gains as IMF sticks to its Canadian growth forecast

17h08 The Canadian dollar strengthened against its U.S. counterpart on Tuesday as U.S. stocks rose and the IMF left its 2019 growth projection for Canada unchanged. Wall Street advanced as upbeat. . .  Full story

Risks from Facebook's Libra must be addressed before launch - Bank of France official

16h38 The risks posed by cryptocurrencies such as Facebook's Libra must be addressed before any launch, a senior Bank of France official said on Tuesday, adding to a chorus of regulatory scepticism that threatens to derail. . .  Full story

Dollar gains as U.S.-China trade worries diminish risk appetite

16h29 The dollar gained for a second consecutive day on Tuesday as fading optimism over the latest China-U.S. trade truce prompted traders to buy the greenback after a selloff last week.. . .  Full story

Latam FX weaken as dollar gains momentum

16h21 Most Latin American currencies weakened on Tuesday as the dollar gained momentum on fading optimism over the latest China-U.S. trade truce, with Brazil's real touching a two-week low. Reports of. . .  Full story

Hungary cenbank's loose policy stance remains justified - IMF

15h32 The National Bank of Hungary's continued accommodative monetary stance remains appropriate given a recent decline in inflation and uncertain global economic growth conditions, the International Monetary Fund (IMF) said on Tuesday.. . .  Full story

Sri Lanka stocks slip from near 6-week high on profit-taking; rupee weakens

14h36 ** Sri Lankan stocks ended weaker on Tuesday, snapping a run of seven straight gaining sessions to slip from a near six-week high hit in the previous session as investors booked profits. The rupee. . .  Full story

Forint and zloty down, crown unmoved by central bank comments

13h15 Hungary's forint was the biggest faller in central Europe on Tuesday while the Polish zloty pulled back from an 11-week high as uncertainty over a possible Brexit deal and U.S.-China trade talks kept investors. . .  Full story

Zimbabwe state employees say they cannot work as prices soar

12h58 Zimbabwe's public sector unions said on Tuesday they were unable to go to work because of soaring prices, adding to the government's problems as it struggles to revive the economy.. . .  Full story

Yields lower in weekly South African bond auction

12h37 South Africa's Treasury sold a total of 4.53 billion rand ($305 million) worth of its 2030, 2032, and 2037 bonds on Tuesday. Yields were lower compared with previous auctions.. . .  Full story

Irish financial system ready for Brexit - new central bank chief

12h26 Ireland's central bank has done as much as it could have been expected to do to make sure the country's financial system is ready for whatever manner neighboring Britain leaves the European Union, its. . .  Full story

Trade wars pose "worrisome" threat to world economy: BoE's Kohn

12h24 The escalation of trade conflict between the United States and China is "very worrisome" for the global outlook and it remains to be seen if it will tip the world economy into recession, Bank. . .  Full story

Tough market abuse rules should cover currency markets: BoE's Carney

12h18 Bank of England Governor Mark Carney said on Tuesday that currency dealers should face the same tough market-abuse rules that govern share and bond trading, adding to scrutiny of London's $5 trillion-a-day foreign-exchange market.. . .  Full story

Kenya central bank to hold next rate-setting meeting on Nov.25

11h21 The Kenyan central bank's Monetary Policy Committee will hold its next rate-setting meeting on Nov.25, the bank said on Tuesday.. . .  Full story

Turkey stocks, lira rebound; broader EM steady

11h07 A three-day rally in emerging-market stocks ran out of steam on Tuesday as optimism faded over a China-U.S. trade deal, while Turkey's lira recovered from near four-month lows.. . .  Full story

BoE's Carney sees ample time for smooth transition to next governor

10h52 Bank of England Governor Mark Carney said on Tuesday that there was ample time to ensure an orderly handover to his successor before his scheduled departure next year, and played down the possibility that. . .  Full story

Ugandan shilling a touch stronger as liquidity mop-up helps

10h29 The Ugandan shilling was a touch stronger on Tuesday, helped by a central bank mop-up of excess local currency liquidity.. . .  Full story

Enough support from UK lawmakers to pass Brexit deal- parliament leader

10h18 There is enough support among British lawmakers to pass a Brexit deal, the leader of the lower house of parliament Jacob Rees-Mogg said on Tuesday as talks continue in Brussels to thrash out a. . .  Full story

Rouble steady ahead of bond auctions despite oil drop

10h12 The Russian rouble opened unchanged on Tuesday, below a two-week high reached last week, with falling oil prices cancelling out potential gains ahead of Wednesday's OFZ treasury bond auctions.. . .  Full story

South Africa's rand firmer in global hunt for yield, trade war calm

09h42 South Africa's rand firmed early on Tuesday, resuming last week's rally after the previous session's dip as investors were again lured by the currency's higher potential return amid a calmer local. . .  Full story

GRAPHIC-Seismograph: Brexit-sensitive financial prices in critical week

09h25 Sterling, British bank shares and even German and Irish government bonds are some of financial prices most sensitive to the ebb and flow of Brexit developments as the long-running saga enters a crucial week.. . .  Full story

S.Korean stocks, won end flat as trade deal optimism wanes

09h03 Round-up of South Korean financial markets:. . .  Full story

African Markets - Factors to watch on Oct 15

07h49 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.. . .  Full story

South African Markets - Factors to watch on Oct 15

07h31 The following scheduled economic indicators, debt and currency market moves may affect South African markets on Tuesday.. . .  Full story

Most Asian currencies drop as trade optimism fades

07h20 Most Asian currencies edged lower on Tuesday, paring gains from the previous session as earlier optimism about a breakthrough in U.S.-China trade negotiations waned on reports a deal was not yet finalised.. . .  Full story

Yuan edges lower as market seeks clarity on Sino-U.S. trade talks

06h54 China's yuan inched lower against the dollar on Tuesday despite an official fixing set at a one-month high, as the absence of concrete details around a limited Sino-U.S. trade deal undercut some of the. . .  Full story

Australia, NZ dlrs in dark on trade, RBA sees downside risks

04h32 The Australian and New Zealand dollars struggled for traction on Tuesday as investors wondered what, if any, progress was being made in Sino-U.S. trade talks, while Australian policy makers again signalled they were. . .  Full story

S.Korea stocks flat as trade optimism ebbs

04h04 Round-up of South Korean financial markets: ** South Korean shares were nearly flat on Tuesday, as investors were wary over further outcome of U.S.-China trade talks. The Korean won was almost. . .  Full story

EU considers new emergency summit for Brexit deal- BBC

03h38 The European Union is considering a new emergency summit to get a Brexit deal, the BBC reported on Tuesday.. . .  Full story

China sets yuan midpoint at strongest level in a month

03h35 China's central bank lifted its official yuan midpoint to the highest level in a month on Tuesday, reflecting strong gains in the spot yuan a day earlier following signs of progress in Sino-U.S. trade. . .  Full story

Australian economy to limp along as consumers struggle

02h05 Analysts have again trimmed their forecasts for Australia's economic growth as consumers struggle with high debt and sluggish wages at home, while a slowdown globally weighs on business investment plans, a Reuters poll found.. . .  Full story

Facebook's Libra announces board as support shrinks further

00h00 Backers of Facebook Inc's Libra cryptocurrency project pledged to forge ahead after selecting a five-member board on Monday, shrugging off the latest member defection by online travel company Booking Holding earlier in the day.. . .  Full story

Stocks meander on caution over trade talks, dollar gains

14/10 The U.S. dollar gained on Monday as optimism ebbed over a potential U.S.-China trade deal that President Donald Trump outlined last week, while a gauge of global equity markets was little changed as investors. . .  Full story

Brazil's real lags the most as trade optimism wanes

14/10 Brazil's real led declines among Latin American currencies on Monday as optimism over a partial U.S.-China trade agreement faded with investors looking for more clarity on a resolution. The real fell. . .  Full story

Dollar gains as doubts weigh on U.S.-China trade deal, Brexit

14/10 The U.S. dollar rose on Monday, after two days of losses, attracting safe-haven bids, as optimism waned about a trade deal between the United States and China, and investors fretted about the ongoing. . .  Full story

Facebook's Libra support shrinks further as Priceline owner jumps ship

14/10 Facebook Inc's Libra cryptocurrency faced a pivotal meeting of backers on Monday, after the ambitious project to bring digital coins into mainstream commerce suffered another defection, from online travel company Booking Holding.. . .  Full story

Sanctions stress makes Turkey's lira October's worst world currency

14/10 The slump in Turkey's lira in the wake of the Turkish military advance into Syria has made it October's worst performing major currency, a move that looks even starker considering most emerging market currencies. . .  Full story

Slovakia delays plans for balanced budget as growth slows

14/10 Slovakia on Monday approved a 2020 budget with a deficit of 0.49% of gross domestic product after slowing economic growth forced the government to delay plans to balance public finances by two years to. . .  Full story

Seismograph: Brexit-sensitive financial prices in critical week

14/10 Sterling, British bank shares and even German and Irish government bonds are some of financial prices most sensitive to the ebb and flow of Brexit developments as the long-running saga enters a crucial week.. . .  Full story

South Africa's rand retreats from 3-week high, stocks down

14/10 The South African rand on Monday retreated from a three-week high it hit in the previous session, as a lack of clarity on U.S.-China trade relations pushed investors back to safe havens and hurt. . .  Full story

Pound bruised as Brexit deal doubts creep in

14/10 Sterling gave up some of last week's strong gains on Monday after the European Union and Britain said a lot more work would be needed to secure an agreement on the country's departure from. . .  Full story

Sub-Saharan Africa's economic outlook uncertain as global growth teeters

14/10 Sub-Saharan Africa's economy will accelerate going into next year but could be derailed as the world moves onto an uncertain path that could bring an end to the recent synchronised uptrend, a Reuters poll showed. . .  Full story

Italy's eurosceptic leader Salvini says euro is "irreversible"

14/10 League leader Matteo Salvini said on Monday the euro was here to stay and he hoped that nobody in his far-right, eurosceptic party would ever again raise doubts over Italy's membership of the single. . .  Full story

BoE's Cunliffe moots more bank capital firepower for downturns

14/10 The Bank of England may need to make its main tool to smooth out swings in bank lending more powerful to combat future economic downturns if interest rates stay low for a long time,. . .  Full story

Turkish lira slides, but doubt lingers over Trump sanction threats

14/10 The Turkish lira slid 0.8% on Monday in the face of U.S. and European threats of sanctions and embargoes, though sceptical traders said it would weaken much further if Western allies turned words into. . .  Full story

Russian central bank signals rate cut with an eye on U.S. Fed

14/10 The Russian central bank sent a clear signal on Monday that it would cut interest rates soon, saying that expected monetary easing by the U.S. Federal Reserve should justify rate cuts in Russia.. . .  Full story

Sri Lanka stocks hit near 6-week high; rupee weakens

14/10 ** Sri Lankan stocks rose for the seventh straight session on Monday to hit a near six-week high as beverage and banking shares rallied. However, the rupee ended weaker. ** The benchmark stock index ended. . .  Full story

Queen Elizabeth sets out PM Johnson's Oct. 31 Brexit priority

14/10 Queen Elizabeth set out Prime Minister Boris Johnson's agenda for his government on Monday, including an Oct. 31 Brexit, a new deal with the European Union, and a host of domestic policies designed to. . .  Full story

Polish markets stronger after PiS re-election, Romania auction demand up

14/10 Polish bond prices edged up and the zloty moved sideways on Monday after the ruling nationalist Law and Justice (PiS) party won a majority in a parliamentary election, avoiding any surprises for investors.. . .  Full story

Still a lot of Brexit work to do, says UK PM Johnson's spokesman

14/10 Talks with the European Union to strike a divorce deal remain constructive but there is still a lot of work to do, British Prime Minister's Boris Johnson said on Monday.. . .  Full story

Ugandan shilling weakens on uptick in dollar appetite

14/10 The Ugandan shilling traded weaker on Monday on the back of an uptick in appetite for hard currency from both merchandise importers and players in the interbank market, traders said.. . .  Full story

Take Five: Time to talk

14/10 1/STERLING BULLS UNLEASHED? Sterling bulls could be forgiven if they thought Christmas had arrived early.. . .  Full story

Kenyan shilling stable against the dollar

14/10 The Kenyan shilling was stable against the dollar on Monday with inflows from offshore investors buying government debt and tightening liquidity in the local money market helping meet dollar demand from. . .  Full story

Yuan ends at 1-mth high despite paring gains made on hopes of trade deal

14/10 China's yuan came off early highs made on signs of progress in negotiations to de-escalate a trade war between the United States and China, but the Chinese currency still ended onshore trade on Monday. . .  Full story

Trade optimism lifts EM stocks, Polish zloty up after elections

14/10 Emerging market stocks rose on Monday on signs of progress in the China-U.S. trade dispute, while the zloty hovered near 2-1/2 month highs after Poland's ruling party won parliamentary elections.. . .  Full story

Offshore investors net sellers of South African stocks, bonds

14/10 Offshore investors sold a net 3.9 billion rand ($263 million) of South African stocks last week and 851 million rand in bonds, data from the Johannesburg Stock Exchange showed on Monday. STOCKS. . .  Full story

UK's Javid plans first post-Brexit budget on Nov 6

14/10 Finance minister Sajid Javid said on Monday he planned to deliver Britain's first post-Brexit budget statement on Nov. 6, less than a week after the country's deadline for leaving the European Union, if it. . .  Full story

Spanish banks perform more favourably than last year in stress tests-Bank of Spain

14/10 Spanish banks have performed more favourably in this year's stress tests than last year, Bank of Spain governor Pablo Hernandez de Cos said on Monday.. . .  Full story

S.Korean stocks, won rise on U.S.-China trade progress

14/10 Round-up of South Korean financial markets:. . .  Full story

South Africa's rand steady on thaw in trade tensions

14/10 South Africa's rand inched slightly up in early trade on Monday, holding near a 3-week high it hit in the previous session, as risk sentiment strengthened following signs of progress in. . .  Full story

Asian currencies firm on signs of U.S.-China breakthrough

14/10 Asian currencies rose on Monday after the United States and China signalled progress in their trade negotiations, which lifted investor sentiment and prompted a hunt for risk assets such as emerging market pairs.. . .  Full story

South African Markets - Factors to watch on Oct 14

14/10 The following debt and currency market moves may affect South African markets on Monday.. . .  Full story

Yuan surges to 2-month high on trade progress

14/10 China's yuan jumped to a two-month high against the dollar on Monday, boosted by signs of progress in Sino-U.S. trade negotiations that raised hopes for an end to the long trade war.. . .  Full story

Bank of Korea seen cutting rates this week

14/10 South Korea's central bank will likely cut its policy interest rate this week to support slowing economic growth and weak price pressures, a Reuters poll showed.. . .  Full story

Turkey's lira flat after Trump threat of "powerful" U.S. sanctions

14/10 Turkey's lira stood at 5.8985 against the U.S. dollar on Monday, little changed from Friday's close, after U.S. President Donald Trump said he was working on "powerful" sanctions against Turkey over its offensive into northeastern. . .  Full story

African Markets - Factors to watch on Oct.14

14/10 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. - - - - - GLOBAL MARKETS Asian share. . .  Full story

S.Korea stocks, won jump on trade-deal optimism

14/10 Round-up of South Korean financial markets: ** South Korean shares jumped on Monday, after the United States and China outlined a partial trade deal in the biggest step to end their. . .  Full story

Singapore eases monetary policy for first time in 3 years

14/10 Singapore's central bank eased monetary policy for the first time in three years on Monday, as widely expected, with the city-state's bellwether economy narrowly dodging recession.. . .  Full story

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

14/10 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

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

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