South African Rand on Back Foot as Caution Reigns

JOHANNESBURG, Aug 7 Reuters The South African rand fell on Monday, adding to losses of more than 4 against the dollar last week, as global markets were in a cautious mood after a mixed U.S. jobs report and before U.S. and Chinese inflation figures later this week. At 0927 GMT, the rand traded at 18.6400 […]
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Dollar on Guard as US Inflation Test Looms

SINGAPORE, Aug 7 Reuters The dollar was on the defensive on Monday after a mixed U.S. jobs report provided little directional conviction and as market focus turned to inflation data from the world39;s two largest economies due this week. The U.S. economy added fewer jobs than expected in July, data on Friday showed, but it recorded solid […]
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Miners Drag London Stocks Lower; Unite Group Slips

RBC downgrades Unite, shares rise Miners lead sectoral falls, banks rise FTSE 100 down 0.2, FTSE 250 flat Aug 7 Reuters The UK39;s exporterheavy FTSE 100 index dipped on Monday, weighed down by heavyweight miners, while shares of Unite Group fell to the bottom of the index after a rating downgrade. The FTSE 100 index edged […]
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European Stocks Slip as Investors await Data; Miners Drag

Siemens Energy shares reverse course EZ investor mood stops nosedive in August STOXX down 0.2 Aug 7 Reuters European stocks slipped on Monday as investors awaited key inflation figures from across the globe this week to gauge the outlook for interest rates, while shares of German group Siemens Energy reversed course after slumping earlier. Siemens […]
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Mixed U.S. Labour Data, USD Weakens as NFP Dropped, Canadas Drop in Jobs, Metals Higher, U.S. Stocks Settled Lower

PREVIOUS TRADING DAY EVENTS 04 August 2023  The employment change in Canada had a reported negative figure in July, 6.4K, instead of a big expected positive change, which surprised everyone and shook the market. The jobless rate rose up to 5.5, enforcing analyst expectations that the Bank of Canada BOC will pause rate hikes. Since […]
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Markets on Guard for US, China Inflation Risk

Europe flat, UK dips, SP 500 futures edge higher Focus on U.S. and China inflation data this week Treasury yields inch up again, after Friday39;s rally LONDONSYDNEY, Aug 7 Reuters World shares traded cautiously on Monday after a mixed U.S. jobs report triggered a rally in beatendown bonds, but new hurdles lay ahead in the […]
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