Forex

South African rand flat before inflation data, budget speech

28/10 South Africa's rand was little changed on Wednesday, ahead of the release of monthly inflation data and a mid-term budget speech by Finance Minister Tito Mboweni.  Full story

Vote and virus: volatile markets bring reminder of March turmoil

28/10 Equity and currency volatility shot higher on Wednesday and the cost of sourcing dollars rose, reflecting fears that the U.S. election and resurgent COVID-19 pandemic could tip markets back into the sort of chaos. . .  Full story

Lockdown anxiety drags stocks sharply lower; dollar rises

28/10 Stocks sank across the globe on Wednesday on concerns that rising COVID-19 cases in Europe, the United States and elsewhere would disrupt fragile economic recoveries, while the U.S. dollar rose on safe-haven demand.. . .  Full story

C$ slides by most in 7 weeks as pandemic spooks markets

28/10 The Canadian dollar weakened to a three-week low against its U.S. counterpart on Wednesday, as investors worried that rising coronavirus cases would slow global economic recovery and the Bank of Canada underscored the more uncertain. . .  Full story

Brazil's real hits 5-month low ahead of rate move; Latam FX falls

28/10 Brazil's real touched a five-month low on Wednesday on expectations the central bank will leave its policy rate unchanged, while other Latin American currencies fell on uncertainty about the outcome of U.S. elections.. . .  Full story

U.S. dollar gains on surge in COVID-19 cases, lockdowns in Europe

28/10 The safe-haven dollar rose on Wednesday, pushing the euro to one-week lows, on news of lockdowns in Germany and France as coronavirus cases surged, with implied volatility gauges in the European currency and. . .  Full story

South African shares spooked by lacklustre budget, global sell off

28/10 The Johannesburg Stock Exchange (JSE) witnessed a bloodbath on Wednesday as investors feared a repeat of the mayhem in March as Finance Minister Tito Mboweni's lacklustre budget coincided with a global meltdown of stock markets.. . .  Full story

Sri Lanka's bonds hammered as U.S. dubs China "predator"

28/10 Sri Lanka's government bonds fell heavily on Wednesday as the United States ratcheted up pressure on the country's government over its ties with China.. . .  Full story

Sterling recovers some ground on stronger dollar, still set for daily loss

28/10 Sterling fell as much as 1% against a stronger dollar on Wednesday as a wave of risk aversion swept markets, prompted by a resurgence of COVID-19 cases in Europe and uncertainty ahead about the. . .  Full story

Fintech startup SoFi gets preliminary approval for U.S. bank charter

28/10 Financial technology company Social Finance Inc has received preliminary, conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) over its application for a national bank charter, the company said on Wednesday.. . .  Full story

Trump or Biden's big economic challenge: millions of struggling Americans

28/10 The winner of the race for the White House will face a generation of low-to-middle income Americans struggling to get back to work because of a health crisis not seen in more than 100. . .  Full story

Egypt's M2 money supply up 18.62% year-on-year in September -central bank

28/10 Egypt's M2 money supply increased 18.62% year-on-year in September, data from the central bank showed on Wednesday.. . .  Full story

Russia has limited room to cut rates, says cenbank governor

28/10 Russia has limited room to lower its key interest rate, Central Bank Governor Elvira Nabiullina said, stressing that the country was economically ready to cope with any new sanctions against Moscow should Joe Biden. . .  Full story

Sri Lankan shares end lower as consumer staples, industrials weigh

28/10 Sri Lankan shares closed over 1% lower on Wednesday, dragged down by consumer staples, industrials and financial stocks.. . .  Full story

Turkey hikes inflation forecast to 12.1% as weak lira bites

28/10 Turkey's central bank raised its 2020 inflation forecast more than 3 percentage points to 12.1% on Wednesday, saying higher import costs due to a record-weak lira were the main factor driving its upward revision.. . .  Full story

Remittances from Egyptians abroad were $27.8 bln in FY 2019/20 -central bank

28/10 Remittances from Egyptians working abroad amounted to $27.8 billion in the 2019-20 financial year, up from $25.2 billion a year prior, the central bank said in a statement on Wednesday.. . .  Full story

CEE currencies, shares down on lockdown fears

28/10 The Polish zloty and Hungarian forint fell to their weakest levels since the first wave of the new coronavirus pandemic on Wednesday and Central European stocks tumbled as governments weighed tightening restrictions against to fight. . .  Full story

EMEA FX sinks, Turkey's lira plunges to another record low

28/10 Turkey's lira touched a new low for a third day on Wednesday as the country's inflation outlook worsened and a surge in the novel coronavirus and uncertainty over the U.S. election weighed on other. . .  Full story

Offshore yuan one-week implied volatility spikes ahead of U.S. elections

28/10 The one-week implied volatility on offshore yuan rose to a high of 10.950 on Wednesday, its highest level since Jan. 7, 2016, ahead of the Nov. 3 U.S. elections. (Reporting by Andrew Galbraith; Editing by. . .  Full story

Malaysian shares slip on political woes as trade data supports ringgit

28/10 Malaysian shares eased on Wednesday as political tensions cast doubt over whether the government could pass the 2021 budget next week, while a surge in September exports and ballooning trade surplus helped prop up. . .  Full story

Yuan eases after China tweaks fixing formula to rein in strength

28/10 The yuan eased against the dollar on Wednesday after some banks tweaked a methodology for fixing the yuan's daily midpoint, a fresh sign that Beijing may be attempting to slow the pace of the. . .  Full story

S.Korea stocks hit 1-month low on virus worries, U.S. stimulus uncertainty

28/10 Round-up of South Korean financial markets: ** South Korean shares slipped to a one-month low on Wednesday, dragged down by worries over rising coronavirus cases globally and. . .  Full story

Australian, NZ dlrs outperform as economies escape lockdown

28/10 The Australian and New Zealand dollars gained on the euro on Wednesday as the risk of lockdowns in Europe contrasted with open economies at home, while soft Australian inflation figures supported expectations of near-term policy. . .  Full story

Chinese yuan, Malaysian ringgit edge lower; Taiwan dollar gains

28/10 The following table shows rates for Asian currencies against the dollar at 0203 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid. . .  Full story

Australian inflation stays muted amid COVID-induced noise

28/10 Australian consumer prices surged last quarter as one-off rebates linked to the coronavirus reversed and petrol prices rebounded, yet annual inflation stayed stubbornly below target in a green light for further policy easing.. . .  Full story

HKMA sells HK$6.38 bln in NY hours, currency hits strong end of band

28/10 The Hong Kong Monetary Authority sold HK$6.378 billion ($822.97 million) into the market in New York trading hours after the local currency hit the strong end of its trading band, according to data released by. . .  Full story

WRAPUP 1-Japanese insurers look to domestic bonds as yield gaps with foreign peers narrow

28/10 Japanese life insurers, among country's largest institutional investors, are returning to the domestic bond market after many years of forays into foreign debt as the yield gaps between them have shrunk following the COVID-19 pandemic.. . .  Full story

Tunisia central bank warns buying treasury bonds risky to inflation and currency

28/10 Tunisia's central bank warned on Tuesday that government plans to ask it to buy treasury bonds, a move that carries economic risks including boosting inflation, reducing its reserves and causing a drop in the. . .  Full story

Brexit talks at most difficult point, European Council President Michel warns- Telegraph

27/10 European Council President Charles Michel warned that Brexit negotiations are at their most difficult stage, The Telegraph newspaper reported https://bit.ly/3e4gOBF on Tuesday.. . .  Full story

TELEGRAPH

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Stocks stumble, dollar dips on COVID-19, U.S. election anxiety

27/10 A gauge of world stock markets dropped and the U.S. dollar slipped on Tuesday as investors grappled with a surge in coronavirus cases and uncertainty over the impending U.S. presidential election.. . .  Full story

Latam FX muted, Brazil real falls to near one-month low

27/10 Latin American currencies traded in tight spaces by Tuesday afternoon, ahead of next week's U.S. presidential election, while Brazil's real fell for the third straight day. The real fell 1%. . .  Full story

Dollar retreats amid COVID-19, U.S. election uncertainty

27/10 The U.S. dollar slipped on Tuesday as investors took some profits after the previous session's gains that also saw a sell-off in equities, while worries persisted about a second coronavirus wave and uncertainty ahead of. . .  Full story

Canadian dollar rebounds from 10-day low as oil rallies

27/10 The Canadian dollar strengthened against its U.S. counterpart on Tuesday as oil prices rose and investors awaited an interest rate decision by the Bank of Canada, with the currency recouping much of the previous. . .  Full story

Turkey lira tumble evokes echoes of 2018 meltdown

27/10 The Turkish lira's rapid decline in recent days has rung echoes of tumbles past such as the 2018 meltdown which pushed the country into an economic crisis and sent ripples through other emerging markets.. . .  Full story

Sterling rises as dollar weakens; Brexit talks in focus

27/10 Sterling rose 0.4% on Tuesday afternoon on a weak U.S. dollar, while rising hopes of a trade deal between the European Union and Britain helped the currency strengthen against the euro.. . .  Full story

Rouble dives on pandemic uncertainty, monthly tax support ebbs

27/10 The Russian rouble dived on Tuesday as a monthly deadline for exporters to convert foreign currency earnings loomed and uncertainty over the resurgence of the COVID-19 pandemic and the Nov. 3 U.S. presidential election unsettled. . .  Full story

South African rand gains on dollar weakness

27/10 The South African rand strengthened on Tuesday, as the dollar was dragged weaker by uncertainty over next month's U.S. presidential election and rising global coronavirus infections.. . .  Full story

Foreigners' share among Russia's OFZ bond holders to fall further, central bank says

27/10 Foreign investors' share of Russia's OFZ bonds will decline further this year as non-residents have almost stopped buying treasury bonds at the finance ministry's weekly auctions, Central Bank Deputy Governor Alexei Zabotkin said on Tuesday.. . .  Full story

China phases out use of 'X-factor' in managing yuan value

27/10 Chinese banks have suspended the use of a tool used to influence the value of the yuan, the country's currency trading system said on Tuesday, in a move analysts took to mean it is. . .  Full story

Trading platform INX to acquire U.S. broker-dealer Openfinance

27/10 Global trading platform INX, currently in the midst of an initial public offering using its security tokens, will acquire Chicago-based broker-dealer Openfinance Securities, INX president and founder Shy Datika said.. . .  Full story

ECB's Enria backs network of bad banks to mop up bad loans

27/10 European Union countries could create a network of national bad banks to mop up an expected wave of unpaid loans as a result of the coronavirus pandemic, the European Central Bank's chief supervisor Andrea. . .  Full story

Sri Lankan shares end slightly higher as consumer staples shine

27/10 Sri Lankan shares closed slightly higher on Tuesday, helped by consumer staples, industrials and material stocks.. . .  Full story

Hong Kong liquidity to hit record high ahead of Ant IPO

27/10 Hong Kong's aggregate balance, an indicator of Hong Kong dollar liquidity, will hit an all time high on Oct. 29 as the world's largest IPO attracts cash into the financial hub.. . .  Full story

Moody's: Liquidity pressures at emerging market high-yield firms back to record highs

27/10 The proportion of emerging market high-yield companies who have seen their liquidity position weaken in September has climbed back to June's record high, with firms in Latin America driving the overall increase, Moody's said in. . .  Full story

Euro zone banks curtail credit access amid fresh pandemic worries

27/10 Euro zone banks are tightening access to corporate credit amid a resurgence of the coronavirus pandemic, fresh data showed on Tuesday, adding to already numerous arguments for the European Central Bank to add to stimulus.. . .  Full story

Take a stance or tiptoe away? Corporate America's battle with social activism

27/10 Earlier this year, a flood of major U.S. companies pledged to address racial inequality and promote social justice after Minneapolis police killed George Floyd, a Black man, setting off protests across the country.. . .  Full story

Currencies edge lower as lockdown measures weigh on economies

27/10 Most Central European currencies edged lower on Tuesday as markets eyed government reactions to rising coronavirus infections and waited to see whether the European Central Bank would announce more easing measures later this week.. . .  Full story

Offshore yuan slumps after report China has neutralized counter-cyclical factor

27/10 China's offshore yuan weakened from 6.7074 per dollar to a low of 6.7236 on Tuesday after Reuters reported, citing two sources, that China's central bank has neutralized the counter-cyclical factor in its daily yuan midpoint. . .  Full story

CYCLICAL FACTOR

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Sterling stays neutral; increasingly seen not gaining from Brexit deal

27/10 Sterling was neutral on Tuesday and analysts believe that it won't change by much even if Britain and the European Union clinch a Brexit trade deal.. . .  Full story

Turkish lira plumbs new lows, EMEA FX weakens

27/10 Turkey's lira hit a record low on Tuesday and most other emerging market currencies in Europe, Middle East and Africa fell as a rise in coronavirus infections and little progress in U.S. stimulus talks. . .  Full story

Japanese insurers look to domestic bonds as yield gaps with foreign peers narrow

27/10 Japanese life insurers, among country's largest institutional investors, are returning to the domestic bond market after many years of forays into foreign debt as the yield gaps between them have shrunk following the COVID-19 pandemic.. . .  Full story

Malaysian shares recover on easing political tensions; Philippines fall

27/10 Malaysian shares rose on Tuesday as political tensions eased after the largest party in the ruling coalition said it would back the prime minister, providing some respite for the premier, who has faced calls. . .  Full story

S.Korea shares slide on coronavirus worries; strong Q3 GDP limits fall

27/10 Round-up of South Korean financial markets:. . .  Full story

Japan's Dai-ichi Life plans to increase domestic bonds holdings in Oct-March

27/10 Japan's Dai-ichi Life Insurance plans to increase investments in domestic bonds and reduce the holdings of domestic stocks in the half year through March, the country's second-largest private insurer said on Tuesday.. . .  Full story

Egypt's economy seen slowing in 2020/21

27/10 Egypt's economy will grow by a subdued 3.3% in the fiscal year that began in July, a Reuters poll of 20 economists showed on Tuesday, down from the 5.9% the government had been aiming. . .  Full story

China plans to simplify structure of Shenzhen bourse - Caixin

27/10 China's securities regulator is planning to simplify the structure of trading boards on the Shenzhen Stock Exchange by merging the main board with the SME board, business publication Caixin reported on Tuesday, citing regulatory sources.. . .  Full story

Vietnam PM urges Trump to take objective view in trade dispute

27/10 Vietnam's prime minister Nguyen Xuan Phuc said on Monday the country's exchange rate policy was not aimed at helping its exports and asked that U.S. President Donald Trump have "a more objective assessment of. . .  Full story

Yuan hugs narrow ranges as U.S. election awaited

27/10 China's yuan firmed on Tuesday, but traded in a narrow range as market participants tread cautiously ahead of the U.S. election. Traders said the U.S. election result is. . .  Full story

Australia, NZ dlrs prove resistant to coronavirus woes

27/10 The Australian and New Zealand dollars held firm on Tuesday as both countries' relative success in combating COVID-19 supported local sentiment in the face of a darkening global outlook.. . .  Full story

Most Asian currencies flat; Taiwan dollar climbs 1%

27/10 The following table shows rates for Asian currencies against the dollar at 0215 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid. . .  Full story

S.Korean shares fall as global virus cases surge, robust Q3 growth trims losses

27/10 Round-up of South Korean financial markets: ** South Korean shares edged lower on Tuesday due to surging global cases of the novel coronavirus, although the losses were limited after the country. . .  Full story

Stocks slide on surging COVID-19 cases, stimulus doubts; dollar rises

26/10 Stocks across the globe posted their biggest decline in a month on Monday as surging coronavirus cases in Europe and the United States clouded the world economic outlook, giving the U.S. dollar a safe-haven boost.. . .  Full story

Canadian dollar hits 10-day low as virus clips global outlook

26/10 The Canadian dollar weakened by the most in nearly five weeks against its U.S. counterpart on Monday, as investors grew more worried about the outlook for the global economy and eyed a Bank of. . .  Full story

Mexican, Colombian pesos lead Latam FX declines as oil prices slide

26/10 The pesos of Mexico and Colombia fell the most among Latin American currencies on Monday after oil prices slid and the dollar strengthened, while Chile's peso reversed early declines to rise for the seventh. . .  Full story

Dollar gains in surge in COVID cases, U.S. stimulus worries

26/10 The U.S. dollar advanced on Monday, rising for a second straight session, bolstered by safe haven bids amid surging coronavirus cases in Europe and the United States as well as a lack of. . .  Full story

South Africa's rand firms in tentative trade ahead of budget

26/10 South Africa's rand strengthened slightly on Monday in tentative trade ahead of a budget speech in which the finance minister is expected to detail the impact of COVID-19 on an economy that was in recession. . .  Full story

Sterling strengthens vs euro on Brexit talks extension; slips vs stronger dollar

26/10 Cautious currency markets kept the pound subdued against a stronger dollar on Monday, but it rose slightly against the euro as an extension to Brexit talks gave markets some cause for optimism about a. . .  Full story

SNB says Swiss banks have weathered pandemic well so far

26/10 Swiss banks have so far weathered the impact of the COVID-19 pandemic well, Swiss National Bank (SNB) Chairman Thomas Jordan said on Monday, cautioning that a strong franc could pose a problem for the. . .  Full story

'Orderly' Trump win most favourable outcome for equities, JPMorgan says

26/10 U.S. investment bank JPMorgan expects the S&P500 index to surge to 3,900 points if U.S. President Donald Trump is re-elected next week, calling such an outcome the most favourable for stock markets.. . .  Full story

No need for negative rates now, expansion so far may be enough -Israel c.banker

26/10 The Bank of Israel sees little reason to push its key rate to zero or below given low borrowing costs for consumers and businesses and may not need to boost other stimulus measures, a. . .  Full story

Sri Lankan shares end lower as industrial, financial stocks weigh

26/10 Sri Lankan shares closed lower on Monday, dragged down by losses in industrial, financial and consumer staple stocks.. . .  Full story

WAY INTO 2021"

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Bundesbank keeps faith in German economy, property market

26/10 The German economy is likely still growing, albeit more slowly, and the country's property market is holding up well despite the latest resurgence of the coronavirus pandemic, the Bundesbank said on Monday.. . .  Full story

Stocks slip, FX drift as surge in COVID-19 cases stays in focus

26/10 Central European currencies fell into a holding pattern just off recent lows on Monday while stocks eased, as the surge in COVID-19 cases in Europe blurred economic outlooks. Czech consumer confidence. . .  Full story

Turkish lira leads EMEA FX losses as geopolitics, virus spike weighs

26/10 Turkey's lira hit a record low on Monday on growing concerns over policy and geopolitical issues, with other emerging markets in Europe, Middle East and Africa also retreating as a second wave of coronavirus. . .  Full story

Ugandan shilling stable helped by charity and commodity inflows

26/10 The Ugandan shilling was stable on Monday on the back of some typical end-of-month inflows from charities and some exporters of commodities like coffee, tea and others, traders said.. . .  Full story

South Africa's rand falls as U.S stimulus talks drag on, virus surges

26/10 South Africa's rand slipped in early trade on Monday, as surging coronavirus cases in Europe and the United States and a lack of progress toward a U.S. stimulus package sapped risk. . .  Full story

Nippon Life to shift back to domestic bonds from foreign debt, cut FX exposure

26/10 Nippon Life Insurance Co plans to buy more domestic bonds while reducing exposure to foreign debt, especially investments made without currency hedges, Japan's biggest private insurer said on Monday.. . .  Full story

Offshore investors net sellers of South African stocks, buy bonds

26/10 Offshore investors sold a net of 7.3 billion rand ($448.49 million) of South African stocks last week and bought 675 million rand in bonds, data from the Johannesburg Stock Exchange showed on Monday. STOCKS. . .  Full story

Malaysian stocks, ringgit slip as calls for PM to resign grow

26/10 Malaysian stocks slipped on Monday as the Southeast Asian nation's prime minister faced political uncertainty after his request to declare a state of emergency was rejected by the king, with other markets in the. . .  Full story

Japan's Meiji Yasuda Life turns cautious on foreign bonds

26/10 Meiji Yasuda Life Insurance Co plans to trim its holdings of foreign bond investments without currency hedging and increase investments in domestic bonds instead, Japan's third-largest private insurer said on Monday.. . .  Full story

S.Korea shares dip as surging global coronavirus cases dent sentiment

26/10 Round-up of South Korean financial markets:. . .  Full story

Testing times: Five questions for the ECB

26/10 The European Central Bank meets on Thursday, and financial markets are keen to get a sense of just how close it is to delivering another round of stimulus.. . .  Full story

Australia, NZ dollars hobbled by surging global COVID-19 cases

26/10 The Australian and New Zealand dollars eased on Monday, undercut by an uptick in risk-aversion ahead of the U.S. election and on accelerating coronavirus infections globally.. . .  Full story

Yuan pauses rally on heightened risk aversion, but more upside seen

26/10 The yuan was steady on Monday as a worldwide surge in COVID-19 cases and a still-elusive U.S. stimulus package boosted risk aversion and supported the dollar, but analysts and traders expect China's currency to. . .  Full story

S.Korean stocks fall as global coronavirus cases surge

26/10 Round-up of South Korean financial markets: ** South Korean shares fell on Monday, as cases of the novel coronavirus surged at home and abroad. The won. . .  Full story

Taiwan dollar rises 1%; most Asian currencies little changed

26/10 The following table shows rates for Asian currencies against the dollar at 0214 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous. . .  Full story