Russian rouble leads EMEA gains as Fed tapering fears ease

April 14 Reuters Russias rouble extended strong gains on Wednesday on hopes of improving ties between Moscow and the West, while other emerging market currencies rose as U.S. inflation data failed to stoke fears of imminent policy tightening. The rouble led gains across currencies in Europe, the Middle East and Africa, having surged 1.8 on […]
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Sterling Recovers Ground, Hits OneWeek High vs. Dollar

LONDON, April 14 Reuters Sterling hit a oneweek high against the dollar on Wednesday, recovering some ground after a brief dip the previous day following news the Bank of Englands chief economist resigned. The pound dipped on Tuesday afternoon, hitting a sixweek low against the euro and extending losses against the dollar after the announcement […]
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EU to Borrow around 150 bln Euros Annually for Recovery Fund

BRUSSELS, April 14 Reuters The European Commission plans to borrow around 150 billion euros annually until 2026 to finance the blocs unprecedented plan to make its economy greener and more digitalised, making it the biggest issuer in euros, a document from the Commission showed. The financing for the EU economic plan, agreed at 750 billion […]
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Stocks, FX Muted ahead of U.S. Inflation Data; Alibaba Gains

April 13 Reuters Emerging market stocks and currencies were subdued on Tuesday, as investors awaited key U.S. inflation data that could set the stage for more dollar strength and undercut riskdriven assets. The MSCIs index of emerging market currencies fell about 0.1, with most units in Europe, the Middle East and Africa retreating slightly to […]
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Sterling Weathers Vaccine Issues, Climbs for Second Day

LONDON, April 13 Reuters Sterling rose for a second day against the dollar and the euro on Tuesday, as analysts said Britains vaccination drive had not been derailed by its curbing of the use of AstraZenecas COVID19 vaccine. The pound lost 1 against the dollar last week as Britain advised alternatives to the OxfordAstraZeneca vaccine […]
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FTSE 100 Falls as Stronger Pound, Oil Stocks Weigh

April 13 Reuters Londons FTSE 100 fell on Tuesday, dragged lower by losses in exportoriented stocks and energy firms, while data showed Britains economy grew in February as companies got ready for the lifting of a third coronavirus lockdown. The bluechip index edged down 0.1, with shares of large dollarearning consumer staples companies Unilever , […]
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JGBs Edges Higher after Auction Draws Strong Demand

TOKYO, April 13 Reuters Japanese government bonds ticked up on Tuesday, after a reoffering of existing longdated bonds attracted strong appetite, offsetting worries about further rise in U.S. debt yields. The 10year JGB yield fell 0.5 basis point to 0.100. The 20year JGB yield fell 1 basis point to 0.470 while the 30year yield dropped […]
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GBP Up for once; US CPI, RBNZ Meeting

Rates as of 0500 GMT Market Recap After several days of decline, the beleaguered pound bounced back yesterday. It was the bestperforming currency of the day. Was this related to the reopening of the pubs? Traders in a better mood, more favorably inclined toward the government and hence the currency? Or perhaps optimism ahead of […]
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