A man walks past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar, Euro and other foreign currencies outside a brokerage in Tokyo, Japan May 2, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing Rights 10-year Treasury yields hit 16-year high above 4.8% Yen jumps; Japan officials not …
Read More »Euro parity is back on the dial for FX markets
Euro outlook deteriorates on high oil prices Don’t rule out a move to parity, analysts say Euro shed 3% in Q3, on track for 3rd year of losses LONDON, Oct 4 (Reuters) – Resurgent oil prices hurting a deteriorating economy and renewed concerns about Italy’s fiscal position mean headwinds for …
Read More »The crypto market bears the scars of FTX’s collapse
Oct 3 (Reuters) – The global cryptocurrency market remains badly scarred following the tumultuous collapse of crypto exchange FTX and other big players last year, with crypto prices, volumes and venture capital investment well below their 2021 peaks. Sam Bankman-Fried, the former CEO of FTX, stands trial in New York …
Read More »Hedge funds see Mexico and Ecuador as China alternatives
LONDON, Oct 3 (Reuters) – Geopolitical tensions and a weakening economy are driving hedge funds to consider alternatives to investing in China. Turmoil in China’s property sector has rattled world markets and hurt the outlook for the world’s No. 2 economy. Many U.S.-based hedge fund investors have cut their exposure …
Read More »France reluctant to delay Brexit tariffs on UK-EU electric cars – sources
Puzzle with printed EU and UK flags is seen in this illustration taken November 13, 2019. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights PARIS, Oct 2 (Reuters) – France is reluctant to delay post-Brexit tariffs that are set to hit electric vehicles traded between Britain and the European Union, French government …
Read More »Hedge funds using computers to sell up to $30 billion of stocks soon – UBS
A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing Rights LONDON, Oct 2 (Reuters) – Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two …
Read More »Morning Bid: October market fillip as government stays open
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights A look at the day ahead in U.S. and global markets by Mike Dolan A six-week reprieve for U.S. government funding that keeps public …
Read More »Morning Bid: Markets strap in for PMI data dump
An exit sign is pictured at the Frankfurt stock exchange, January 15, 2015. REUTERS/Kai Pfaffenbach/File photo Acquire Licensing Rights A look at the day ahead in European and global markets from Brigid Riley After a rough September, investors will be looking for something positive to kick off the fourth quarter, …
Read More »How China-West tensions will shape global markets
LONDON, Oct 2 (Reuters) – Tensions between the West and China are rising, from tit-for-tat trade tariffs to tech rivalry and spying allegations. The ramifications for global markets are significant, with Washington and Beijing’s determination to loosen dependence on each other fraying long-established supply chains. That could help keep inflation …
Read More »Japan stocks soar as yen hits 1-year low
A passerby is reflected on an electric monitor displaying the graph of recent moments of the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan May 2, 2023. REUTERS/Issei Kato/File photo Acquire Licensing Rights TOKYO, Oct 2 (Reuters) – Japanese stocks soared on Monday, with …
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