Forex

Turkish finance minister sees single-digit inflation by mid-2023

15/01 Turkey's annual inflation rate will be in single digits by the time presidential and parliamentary elections set for mid-2023 are held, Finance Minister Nureddin Nebati said on Saturday.. . .  Full story

Stocks stumble, yields jump on rates outlook; oil rallies

14/01 Global stock markets stumbled again on Friday and U.S. Treasury yields climbed as cautious investors worried about how imminent U.S. interest rate hikes would affect the economy.. . .  Full story

Dollar snaps three-day losing streak as selling pressure abates

14/01 The U.S. dollar snapped a three-day losing streak on Friday as the recent selling spree driven by the view that Federal Reserve tightening moves were largely priced in abated, and as weaker risk appetite. . .  Full story

Canadian dollar pares weekly gain as greenback rebounds

14/01 The Canadian dollar weakened against its U.S. counterpart on Friday, giving back some of this week's gains, as the greenback broadly rebounded despite weaker-than-expected U.S. retail sales data. The loonie. . .  Full story

Russian assets hammered by U.S. standoff; Latam FX weakens

14/01 Russian assets slumped further on Friday as talks with the West over Ukraine hit a dead end, while jitters over rising U.S. interest rates dented Latin American currencies, with Colombia's peso leading losses.. . .  Full story

Global crypto funds post sharp gains in 2021 -BarclayHedge

14/01 Global cryptocurrency funds racked up steep gains last year after most digital currencies soared in price, led by bitcoin and ether amid strong institutional interest and greater acceptance from regulators worldwide, according to BarclayHedge, a. . .  Full story

Lebanese central bank seeks to strengthen currency after slump

14/01 Lebanon's central bank said on Friday it aimed to boost the Lebanese pound's value by easing restrictions on dollar purchases after the currency hit a record low, fuelling fresh protests about rising prices and. . .  Full story

Sterling flat versus euro after UK data boost

14/01 Sterling was barely flat against the euro after rising earlier in the session on robust UK data, while it edged lower against a stronger dollar.. . .  Full story

S.African rand firms in volatile trade, stocks fall

14/01 The South African rand strengthened on Friday, but lost some of its early gains as the dollar regained some ground.. . .  Full story

Russian central bank veteran Shvetsov to leave post in March

14/01 Sergei Shvetsov, the Bank of Russia's first deputy chairman, will leave his post on March 21, the central bank said on Friday.. . .  Full story

Kazakhstan's bitcoin 'paradise' may be losing its lustre

14/01 Kazakhstan may no longer be the bitcoin sanctuary it once was, according to some big miners who are looking to leave the global crypto hub following internet shutdowns last week that compounded fears about. . .  Full story

Musk says Tesla to accept dogecoin for merchandise

14/01 Tesla Inc will accept meme-based cryptocurrency dogecoin as payment for its merchandise such as the "Giga Texas" belt buckle and mini models of electric vehicles, Chief Executive Officer Elon Musk said in a tweet. . .  Full story

UK says there's a deal to be done to solve post-Brexit trade issues

14/01 Britain and the European Union said on Friday they would intensify negotiations to resolve post-Brexit trade issues, with British foreign minister Liz Truss saying there was a deal to be done.. . .  Full story

COLUMN-Draining the money pool - guess the 'excess' :Mike Dolan

14/01 If central banks start draining the money pool to stop an overspill buoying sky-high inflation, the assessment of just how much liquidity is 'excess' becomes critical to world markets.. . .  Full story

FX gains as higher-than-expected CPI data fuels rate hike hopes

14/01 Central European currencies firmed on Friday, as higher-than-expected inflation data in Hungary and Romania indicated that rate hikes could continue in the region. Hungarian headline inflation was unchanged at 14-year highs of. . .  Full story

Take Five: U.S. bank earnings, BoJ and (another) virtual Davos

14/01 With U.S. earnings season well underway, banking heavyweights such as Goldman Sachs are lining up to report next. The Bank of Japan is the first major central bank to meet in 2022 and investors. . .  Full story

Turkish lira firm as minister sees inflation peaking

14/01 The lira held firm on Friday after Turkey's finance minister was cited as saying inflation would peak in January and hit single digits by June 2023 elections, but a key survey showed inflation would. . .  Full story

Russian rouble rises after geopolitics-led rout; EM stocks slide

14/01 Russia's rouble firmed 1% and bonds held steady on Friday in volatile trading amid heightened geopolitical tensions, while broader emerging markets stocks fell on hawkish comments from U.S. Federal Reserve.. . .  Full story

Yuan ends at 3-1/2-year high, buoyed by strong exports and pre-holiday demand

14/01 China's yuan extended gains on Friday and ended domestic trading session at a 3-1/2-year high against the dollar, underpinned by persistent seasonal corporate demand ahead of the long Lunar New Year holiday and resilient trade. . .  Full story

India's Dec merchandise exports rise 38.91% y/y - trade ministry

14/01 India's merchandise exports in December rose 38.91% from a year earlier to $37.81 billion compared to $27.22 billion in the same month in 2020, data from the trade ministry showed on Friday.. . .  Full story

China posts record trade surplus in Dec and 2021 on robust exports

14/01 China posted a record trade surplus in December and in 2021, as exports outperformed expectations during a global pandemic, but some analysts pointed to a slowdown in international shipments in the coming months.. . .  Full story

Asian stocks drop on Fed hike fears, won gains over 1% in BoK meeting week

14/01 Emerging Asian stocks tumbled on Friday as a possibility of multiple and faster interest rate hikes by the U.S. Federal Reserve frayed investor nerves, while a rally in the South Korean won lost steam. . .  Full story

Dogecoin jumps after Musk tweets Tesla merchandise 'buyable' with the token

14/01 Meme-based cryptocurrency dogecoin jumped on Friday after Tesla Inc chief Elon Musk said the electric carmaker will accept it as payment for merchandise.. . .  Full story

S.Korea stocks drop most in nearly 4 wks as rate hike saps risk appetite

14/01 Round-up of South Korean financial markets:. . .  Full story

BOJ debates messaging on eventual rate hike as inflation perks up

14/01 Bank of Japan policymakers are debating how soon they can start telegraphing an eventual interest rate hike, which could come even before inflation hits the bank's 2% target, sources say, emboldened by broadening price rises. . .  Full story

Norway's central bank to hold rates next week, raise in March

14/01 Norway's central bank will keep its benchmark interest rate on hold next week at 0.5% while confirming plans for an increase in March, a Reuters poll showed on Friday.. . .  Full story

Yuan set for best week in 2 mths, buoyed by strong exports and pre-holiday demand

14/01 China's yuan held steady against the dollar on Friday and looked set for the biggest weekly gain in two months, underpinned by persistent seasonal corporate demand ahead of the long Lunar New Year holiday. . .  Full story

African Markets - Factors to watch on Jan 14

14/01 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday.. . .  Full story

Japan PM Kishida's wage policies unlikely to support economy this year, most economists say

14/01 Japan's policies aimed at raising workers' wages are unlikely to trigger a virtuous cycle of growth and wealth distribution that will support the economy this year, almost 80% of economists said in a Reuters. . .  Full story

Japan's 10-year bond yields near one-year high on rate hike concerns

14/01 Japan's 10-year government bond yields hit a nearly one-year high, as investors became cautious about possible rate hikes by the country's central bank.. . .  Full story

A hefty to-do list awaits Fed's next regulatory chief Raskin

14/01 Former U.S. Federal Reserve governor Sarah Bloom Raskin, who will be nominated to run the Fed's regulation file, according to a source with knowledge of the matter, will have a long to-do list. Here. . .  Full story

S.Korea stocks slide as interest rate hike dampens risk mood

14/01 Round-up of South Korean financial markets: ** South Korean shares were set for their worst session in nearly four weeks on Friday, after the Nasdaq slumped. . .  Full story

Australia, NZ dlrs trying to end week on bullish note

14/01 The Australian and New Zealand dollars were sitting on solid gains for the week on Friday after a pullback in their U.S. counterpart cracked some major chart levels and triggered short covering.. . .  Full story

19 DEVELOPMENTS

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Jack Dorsey's Block to build an open bitcoin mining system

14/01 Block Inc Chief Executive Officer Jack Dorsey said in a tweet on Thursday that the fintech firm is building an open bitcoin mining system, as the newly re-branded company looks to expand beyond its. . .  Full story

Stocks slip, bonds steady after inflation palpitations

13/01 Nervous global stock markets tumbled on Thursday as the dollar wilted, after a drumbeat of hawkish remarks from Federal Reserve officials made clear that U.S. interest rates could rise as soon as March, putting. . .  Full story

Canadian dollar pares gains as oil prices fall

13/01 The Canadian dollar strengthened to a two-month high against its U.S. counterpart on Thursday but gave back much of its gains as oil prices fell and a drop in technology stocks weighed on Wall. . .  Full story

Dollar slips as positioning and technical selling weigh

13/01 The dollar fell against a basket of currencies on Thursday to a two-month low, a day after data that showed an expected surge in U.S. consumer prices in December fell short of offering any. . .  Full story

RUN OBJECTIVE

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Geopolitical woes rattle Russian, European markets; Latam FX up

13/01 Russia's rouble plummeted on Thursday and European markets tumbled as tensions ramped up between Moscow and Washington, while Latin American currencies rose against a weaker dollar. The rouble slumped 2.5%,. . .  Full story

Gap taps NFT craze by taking classic hoodies digital

13/01 Gap Inc on Thursday launched non-fungible tokens (NFTs) of its iconic hoodies, sending the apparel maker's shares about 5% higher as it became the latest major retailer to dive into the world of speculative. . .  Full story

Rouble slips, Russia bonds drop as geopolitical concerns weigh

13/01 Russia's rouble suffered its biggest drop in 15 months and its government bonds tumbled to a more than three-year low amid growing geopolitical concerns about Moscow's standoff with the West that also roiled Ukrainian assets.. . .  Full story

PM Johnson's woes fail to crash sterling's party

13/01 Sterling hit an 11-week high against a weakening dollar on Thursday as investors expect a February rate hike from the Bank of England to back the pound and see limited risks linked to Prime. . .  Full story

Pakistan reserves decrease $88 mln to $17,597.9 week ending Jan 7

13/01 Pakistan's foreign exchange reserves decrease by $88 million to $17,597.9 million in the week ending January 7, compared to $17,686.0 in the previous week, the central bank said on Thursday.. . .  Full story

Blockchain firm BTCS soars on retail rush for bitcoin dividends

13/01 Shares in blockchain technology-focused firm BTCS Inc rocketed on Thursday, set to extend a four-day rally, as more retail investors scooped them up after the company last week offered to pay dividends in bitcoin.. . .  Full story

UK hit by record staff absences, hospitality slump from Omicron wave

13/01 Britain saw record levels of staff absence due to COVID-19 around the turn of the year and a slump in restaurant bookings last week, but signs that the Omicron wave has peaked mean the. . .  Full story

BIS appoints French central bank head Villeroy as new board chair

13/01 The Bank for International Settlements appointed France's central bank chief François Villeroy de Galhau as its new Board chair on Thursday, in a three-year term that will run until 2025.. . .  Full story

AFRICA-FX-Kenyan shilling and Zambian kwacha expected to weaken

13/01 Kenya's shilling and Zambia's kwacha are expected to weaken against the dollar in the next week to Thursday, while Uganda's shilling is forecast to be steady, traders said.. . .  Full story

Sri Lankan shares rise as financials, industrials gain

13/01 Sri Lankan shares extended gains to a second session on Thursday, closing more than 1% higher as financial and industrial stocks advanced.. . .  Full story

Switzerland tests digital currency payments with top investment banks

13/01 Switzerland's central bank has successfully used digital currency to settle transactions involving five commercial banks, the Swiss National Bank said on Thursday, the latest trial of the technology in wholesale markets.. . .  Full story

Rising sol: Peru's currency gains lift from rate hikes, trade winds

13/01 Peru's sol currency, which plunged last year due to political risk, is bouncing back so far in 2022 and likely to keep strengthening, analysts and traders said, as interest rates rise and copper prices. . .  Full story

Forint, crown ease after strong early-2022 gains

13/01 The Czech crown and the Hungarian forint eased on Thursday as some investors booked profits following strong early-2022 gains that were fueled by expectations of higher central bank rates. The crown. . .  Full story

Digital pound could hit financial stability and erode privacy, UK lawmakers warn

13/01 A digital pound used by consumers could harm financial stability, raise the cost of credit and erode privacy, though a version for wholesale use in the financial sector demands greater appraisal, British lawmakers said on. . .  Full story

Stocks pause after four-day rally

13/01 An index of emerging market shares steadied on Thursday after rallying higher for four straight sessions as China stocks slid, while most currencies firmed with the dollar in the red after U.S. monetary policy. . .  Full story

Turkish lira weakens nearly 3%, giving up some of Wednesday's gains

13/01 Turkey's lira weakened nearly 3% on Thursday, giving up most of the gains from a rally a day earlier, as concerns persisted over surging inflation against a background of unorthodox policies aimed at boosting. . .  Full story

Most Asian FX and stocks gain as Fed rate stance seen unchanged

13/01 Most emerging Asian currencies and stocks gained on Thursday as the U.S. dollar slumped to a two-month low after inflation data came in line with market expectations and was deemed unlikely to change the. . .  Full story

S.Korean stocks end lower on options expiry; BOK in focus

13/01 Round-up of South Korean financial markets:. . .  Full story

French firm Crypto Blockchain Industries announces new products

13/01 French fintech company Crypto Blockchain Industries, whose shares have rallied since their stock market listing last year, announced on Thursday a new range of products, saying it would develop AlphaVerse, a blockchain technology-based virtual world. . .  Full story

China says 2021 FDI +14.9%

13/01 Foreign direct investment (FDI) into China last year jumped 14.9% to 1.15 trillion yuan ($180.75 billion), the commerce ministry said on Thursday.. . .  Full story

Investors turn long on India's rupee after 4 months; rupiah short bets cut

13/01 Investors switched to long positions on India's rupee for the first time since September, on hopes that the economy may be able to withstand the worst of the Omicron surge and bets that U.S.. . .  Full story

REUTERS POLL

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China's yuan off 2-week high on weaker-than-expected fix and economic slowdown

13/01 China's yuan briefly touched a fresh two-week high against a weaker dollar on Thursday before giving back all the intraday gains, dragged lower by a softer-than-expected official midpoint fixing and heightened worries over an economic. . .  Full story

African Markets - Factors to watch on Jan 13

13/01 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.. . .  Full story

S.Korea stocks slide on retail investor selling ahead of mega IPO

13/01 Round-up of South Korean financial markets: ** South Korean shares slid on Thursday, dragged by selling from retail investors ahead of the long-awaited public subscription for battery. . .  Full story

Australia, NZ dollars look to break higher as US$ retreats

13/01 The Australian and New Zealand dollars were looking to push higher on Thursday after U.S. inflation proved no hotter than expected, triggering a wave of liquidation in long U.S. dollar positions which swamped major chart. . .  Full story

China lifts yuan midpoint to 1-month high, but weaker than expected

13/01 China lifted its official yuan midpoint to a more than one-month high on Thursday, but it wasn't as strong as the market had expected.. . .  Full story