Forex

New UK trade minister visits United States in first trip overseas

New UK trade minister visits United States in first trip overseas

LONDON, Sept 28 (Reuters) - Britain's new trade minister Kemi Badenoch will visit New York on Wednesday in her first overseas trip, where she will stress the importance of the United States as a trading partner even as talks over a free trade deal between the countries are blocked. Liz Truss, who became prime minister this month, has said that Britain is not prioritising a free trade deal with the United States "in the short to medium term".

Japan stocks stall with wary foreign investors on the sidelines

Japan stocks stall with wary foreign investors on the sidelines

By Junko Fujita TOKYO, Sept 28 (Reuters) - Japanese stocks have been more resilient than many markets this year and their valuations are attractive, with big exporters and global firms reaping big profits from the weak yen, and in normal times this might lure foreign investors to pile in. But these are not normal times. As the yen's slide gathered pace, reaching a 24-year low last week and down about 20% so far in 2022, foreigners distanced themselves from Japan stocks, selling 1.5 trillion yen

Wall Street keeps selling as world assets fail to recover

Wall Street keeps selling as world assets fail to recover

(Updates to U.S. market close) * U.S. and global equity indexes deepen bear market * Government bond yields climb again * Dollar holds huge gains; sterling can't recover * Oil rallies from Monday's nine-month lows By Lawrence Delevingne Sept 27 (Reuters) - U.S. stocks gave up early gains to fall deeper into a bear market on Tuesday, while sterling showed scant movement a day after hitting a record low, as investors remained nervous about a potential global recession.

Latam FX subdued as dollar firms, Brazil's real edges up

Latam FX subdued as dollar firms, Brazil's real edges up

* Latam FX, stocks down * Inflation in Brazil falls in mid-September on lower fuel prices * Colombia government agrees to ease tax changes to oil, mining * JPM raises Mexico's economic growth forecast (Updates prices) By Bansari Mayur Kamdar and Amruta Khandekar Sept 27 (Reuters) - Latin American currencies were subdued on Tuesday as the dollar hovered near a recent peak, while the Brazilian real edged up after better-than-expected inflation data supported the country's decision to pause its agg

Contagion stations

Contagion stations

Sept 27 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever The savage selling that has decimated world markets recently abated somewhat on Tuesday, but the relentless rise in U.S. interest rates and deepening fear of contagion from the British market mayhem loom large. The 10-year U.S. Treasury yield is at a 12-year high and within a whisker of 4%, Britain's 30-year yield is above 5% for the first time in two decades and, according to Goldman Sachs, global financial conditi

Surging bond yields spook investors, capping C$ gains

Surging bond yields spook investors, capping C$ gains

* Canadian dollar strengthens 0.1% against the greenback * Trades in a range of 1.3641 to 1.3775 * Price of U.S. oil settles 2.3% higher * Canadian 10-year yield touches a near 3-month high By Fergal Smith TORONTO, Sept 27 (Reuters) - The Canadian dollar edged higher against its U.S. counterpart on Tuesday as oil prices rose, but the move was limited as investors worried that the continued march higher in bond yields would tip the global economy into recession.

Dollar takes a breather even as rate worries dent risk appetites

Dollar takes a breather even as rate worries dent risk appetites

By Sinéad Carew and Alun John NEW YORK/LONDON Sept 27 (Reuters) - The dollar made little progress in a choppy session on Tuesday while appetites for riskier bets were still weak as Federal Reserve policymakers talked about more interest rate hikes. The greenback was up against the euro but losing ground against the British pound and Japan's yen with all eyes on central banks and the impact on economic growth from their efforts to tame inflation.

IMF says UK fiscal measures will 'likely increase inequality', urges rethink

IMF says UK fiscal measures will 'likely increase inequality', urges rethink

WASHINGTON, Sept 27 (Reuters) - Fiscal measures adopted by Britain will likely increase inequality, a spokesperson for the International Monetary Fund said on Tuesday, urging UK authorities to consider providing more targeted support to affected families and businesses. “We are closely monitoring recent economic developments in the UK and are engaged with the authorities," the spokesperson said, in response to a query from Reuters after the British pound hit an all-time low amid market concern

Wall Street keeps selling as world assets fail to recover

Wall Street keeps selling as world assets fail to recover

(Updates to midday U.S. trading) * U.S. equity and global indexes negative, giving up early gains * Dollar holds gains after touching 20-year highs Monday * Oil rallies from Monday's nine-month lows By Lawrence Delevingne Sept 27 (Reuters) - U.S. stocks gave up early gains to fall deeper into a bear market on Tuesday, while sterling steadied a day after hitting a record low, as investors remained nervous about a potential global recession.

South African rand firms as dollar takes a breather

South African rand firms as dollar takes a breather

(Updates prices to reflect afternoon trade) JOHANNESBURG, Sept 27 (Reuters) - South Africa's rand firmed on Tuesday after slumping to a 28-month low a day earlier as the U.S. dollar took a pause amid some appetite for riskier assets. At 1608 GMT, the rand ZAR=D3 traded at 17.9900 against the dollar, 0.48% stronger than its previous close. It had hit a low of 18.1300 on Monday, its weakest since May 2020. The U.S.

Brazil's real ticks up as inflation falls; Latam FX muted

Brazil's real ticks up as inflation falls; Latam FX muted

* Latam FX flat, stocks up 0.7% * Inflation in Brazil falls in mid-September on lower fuel prices * Brazil cenbank says a final interest hike was widely debated * Colombia govt agrees to ease tax changes to oil, mining By Bansari Mayur Kamdar and Amruta Khandekar Sept 27 (Reuters) - The Brazilian real rose on Tuesday after better-than-expected inflation data supported the central bank's decision to pause its aggressive rate hiking cycle, while Latin American currencies were subdued as the U.S.

Wall Street rebounds, sterling steadies after tumble

Wall Street rebounds, sterling steadies after tumble

* U.S. equity indexes regain ground, up 1-2% * Dollar extends 20-year highs reached Monday * Oil rallies 3% from Monday's nine-month lows By Lawrence Delevingne and Carolyn Cohn Sept 27 (Reuters) - U.S. stocks gained and sterling bounced from this week's record lows against the dollar on Tuesday as investors took stock after recent sharp market moves.