U.S. financial companies such as universal bank JPMorgan and regional lender Comerica may remain beneficiaries of higher long-term rates, but need those on the short end of the curve to rise to show any significant earnings improvement.
Rates as of 0500 GMT Market Recap JPY weakness continued to be a focus of the market as USDJPY hit the highest its been since March 25th last year almost exactly a year ago. This is despite betterthanexpected data out of Japan the February unemployment rate stayed at 2.9 vs. 3.0 expected and retail sales […]
Turbulent market conditions have led to a renewed focus on automation tools, and a desire to customize them however portfolio managers and FX traders see fit.
Indian shares rose on Tuesday, lifted by gains in bank shares after steel conglomerate JSW Steel completed an insolvency process, allowing lenders to recover some of their bad loans. The bluechip NSE Nifty 50 index rose 1.7 to 14,757.50 and the benchmark SP BSE Sensex gained 1.6 at 49,792.04, by 0503 GMT. JSW Steel said […]
The dollar climbed to a oneyear high against the yen on Tuesday amid a spike in Treasury yields, as accelerating vaccinations and massive stimulus in the U.S. stoked inflation concerns. The safehaven greenback also found support as investors worried about the potential fallout from the collapse of a hedge fund, identified as Archegos Capital, although […]
SYDNEY, March 30 Reuters The Australian and New Zealand dollars were slightly higher on Tuesday, as risk appetite in Asia recovered after Wall Street pared losses sparked by a hedge fund default that hit investment banks. The New Zealand dollar was 0.14 higher at 0.7011 as investors also positioned for monthend, strategists said. The kiwi […]
TOKYO, March 30 Reuters Japanese shares fell on Tuesday, dragged down by stocks that went exdividend and financial shares, although the losses were capped by investor appetite for scooping up discounted stocks. Nikkei share average slipped 0.25 to 29,312.72 by 0153 GMT, while the broader Topix lost 1.27 to 1,967.99. The market fell due to […]
Chinese government bonds are in a sweet spot after last years selloff and now offer higher yields and much lower volatility compared to U.S. Treasurys, a portfolio manager said. The yield on Chinas 10year government bond climbed nearly 1 percentage point last year to a high of around 3.4 in November as the country was […]