Currency markets still showed signs of caution on Wednesday, with the safe haven dollar touching its highest since early April and riskier currencies losing out due to a combination of fears over inflation and surging COVID19 infections. The Delta variant of the coronavirus replaced inflation as investors primary source of concern this week, prompting global […]

SYDNEY, July 21 Reuters The Australian and New Zealand dollars were testing their lows for the year on Wednesday as the inexorable spread of the Delta variant shut more of the Australian economy and undermined risk sentiment globally. Technical forces had also turned decidedly bearish as major support levels gave way, encouraging shorting by black […]

TOKYO, July 21 Reuters Japanese shares snapped a fiveday losing streak on Wednesday as investors bought cyclical stocks ahead of a long weekend that will mark the start of the Tokyo 2020 Olympics, following a rebound in U.S. stocks. Concerns that the event could worsen Japans COVID19 outbreak and lead to political instability have, however, […]

July 21 Reuters London copper prices declined on Wednesday, as a stronger dollar up on worries around rising COVID19 cases globally dented the metals appeal. Threemonth copper on the London Metal Exchange fell 0.6 to 9,277 a tonne by 0606 GMT. The mosttraded August copper contract on the Shanghai Futures Exchange tracked overnight gains in […]

LONDON Reuters Currency markets still showed signs of risk aversion on Wednesday after global markets were spooked earlier in the week by surging COVID19 infections, with the safehaven dollar rising to its highest since early April. The Delta variant of coronavirus has replaced inflation as investors primary source of concern this week, prompting global stocks […]

LONDON, July 21 Reuters Borrowing costs across the euro area were a touch lower on Wednesday, holding near the multimonth lows hit the previous day, with sentiment towards fixedincome markets holding firm in the face of global growth concerns. Longdated sovereign bond yields in the United States and Europe have fallen 710 basis points this […]

Rates as of 0500 GMT Market Recap A big day of reversals in equity markets but not so much in FX. On Monday my equity screens were a sea of red; indicating lower prices; today its a sea of green, indicating higher except this mornings Hang Seng index. The US market had a broadbased recovery, […]

SHANGHAILONDON Reuters The dollar neared its yearhigh and bonds rallied further on Wednesday, as the rapid spread of the Delta coronavirus variant displaced inflation as investors primary concern and sent them rushing for safehaven assets. European stocks also rose ahead of a European Central Bank meeting on Thursday that is expected to convey a dovish […]

LONDON, July 21 Reuters Sterling edged lower on Wednesday and was set for its fifth consecutive daily decline versus the dollar amid rising numbers of COVID Delta variant cases in Britain and confusion around the lifting of restriction in England. The pound this week fell to its lowest point since February 4 of 1.3572 after […]

Reuters Londons FTSE 100 rose on Wednesday, led by retailers and travel stocks, while Next Plc was the top gainer after it raised its profit outlook following robust earnings. The bluechip index jumped 1.7, with Compass Group, International Consolidated Airlines, Whitbread, and AB Foods being among the top gainers. The wider retail subindex added 3.7 […]