HANOI, Feb 26 Reuters Copper prices fell on Friday, as a weeklong rally in base metals ran out of steam, but the metal was on track for its best month since 2016 on low inventories and a bright demand outlook. Threemonth copper contract on the London Metal Exchange was down 2 at 9,223.50 a tonne […]

SYDNEY, Feb 26 Reuters The Australian dollar was sent reeling from multiyear peaks on Friday as a rout in bond markets spread to other risk assets, spurring the countrys central bank to intervene to stem a savage selloff in government debt. The Aussie had been flying high overnight as it cleared the 0.8000 barrier for […]

MUMBAI, Feb 25 Reuters Indias largest brokerage Zerodha is facing a backlash from traders who saw their equity positions abruptly closed during an exchange glitch, amidst criticism that a lack of communication from the countrys top bourse caused losses. The National Stock Exchange NSE suddenly shut down for nearly four hours on Wednesday, blindsiding traders. […]

MOSCOW, Feb 26 Reuters The Russian rouble gave up earlier gains on Friday as oil prices slipped and the dollar firmed against most major currencies due to rising U.S. Treasury yields. At 1255 GMT, the rouble was flat against the dollar at 74.77 , off an earlier peak of 74.2475 and the overnight high of […]

ISTANBUL, Feb 26 Reuters The Turkish lira slid for a fifth straight day on Friday, hit by surging U.S. bond yields that helped erase all the years gains and set the stage for a potentially tougher battle against doubledigit inflation. The lira fell as far as 7.4780 to the dollar and traded at 7.4450 by […]

Rates as of 0500 GMT Market Recap How things change! Yesterday the screen was all green when I woke up and I was asking for songs about green lights. Today? Its Red Lights by Tiesto. Nearly every stock market is lower, some by large margins the SP 500 2.5, NASDAQ 3.5, and this morning the […]

Tremors from higher U.S. real yields knocked nearly 3 from emerging market stocks on Friday, setting the benchmark index for its biggest weekly fall since March 2020, while South Africas rand gained 1 due to a recovery rally. Asian bourses fell sharply, with Taiwan, Hong Kong and India shedding more than 3. Heavyweights South Korea […]

LONDON, Feb 26 Reuters Euro zone government bond yields stabilised on Friday after this weeks dramatic selloff, although Germanys benchmark yield was still headed for its biggest monthly jump since 2016 as rising inflation expectations triggered selling of safehaven debt. The moves in euro zone yields early on Friday were more limited than in recent […]

Futures for gold on Friday headed for a fourth straight decline, putting bullion on track to notch its second losing streak of that length this month, as a sharp rise in government bond yields has undercut demand for the precious metal. The yellow metal is also on track for its second straight weekly drop and […]