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Dollar Firm as COVID19 Resurgence Hits Reflation Trades

The U.S. dollar rose on Wednesday from a sevenweek low hit overnight, as broad weakness in stock markets triggered by a resurgence of COVID19 cases in countries from India to Japan fuelled renewed appetite for the safehaven appeal of the greenback. The safety bid also supported the Swiss franc and the Japanese yen as the […]
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European Shares Rebound on Strong Earnings

European stocks bounced back on Wednesday after their worst selloff this year as optimism about a strong earnings season countered worries about a rapid rise in COVID19 cases in some countries. Tech stocks were the top gainers, up 1.3, with semiconductor equipment maker ASML jumping 4.7 after it raised its fullyear sales forecast, citing strong […]
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SP Affirms Japans Ratings on Prospects of Recovery

Rating agency SP affirmed Japans AA1 sovereign debt ratings on Wednesday, citing its rich current account surplus and an expected gradual economic recovery from the COVID19 pandemic. The global rating agency said its outlook for Japan remains stable, reflecting prospects the worlds thirdlargest economy will achieve average nominal growth of about 1.8 over the next […]
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Sterling Holds Ground as UK Inflation Ticks Higher

LONDON, April 21 Reuters Sterling held its ground against the dollar on Wednesday as traders assumed a rise in inflation in March would have little impact on monetary policy and waited for crucial activity and retail sales data due at the end of the week. Consumer price inflation rose to 0.7 in March after dipping […]
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Japanese Shares Extend Sharp fall on Lockdown Worries

TOKYO, April 21 Reuters Japanese shares extended a steep fall on Wednesday as fears of possible coronavirusrelated lockdowns in Japans biggest cities cast doubts over the prospects of an economic reopening. Nikkei share average tumbled 2.23 to 28,451.64, while the broader Topix fell 2.24 to 1,881.11, after losing the most in about a month in […]
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Wall Street Closes Lower as Virus Spike Hits Travel Stocks

NEW YORK, April 20 Reuters Stocks on Wall Street fell for a second straight day on Tuesday as a global spike in coronavirus cases hit travelrelated shares and investors had second thoughts about big U.S. banks apparently stellar earnings last week. Kansas City Southern surged on the prospect of a bidding war after Canadian National […]
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Australia, NZ dlrs ease from onemonth highs, bonds gain

SYDNEY, April 21 Reuters The Australian and New Zealand dollars stepped away from onemonth highs on Wednesday with economic data in both countries reinforcing expectations that policy will remain accommodative for an extended period. The Australian dollar was last 0.1 down at 0.7717, drifting away form a onemonth top of 0.7816 reached on Tuesday. The […]
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