LONDON, Jan 5 Reuters Investors ploughed 123.1 billion into cash in the seven days to Wednesday, marking the largest such inflow since March 2023 and a record for the first week of a year, Bank of America said in a report published on Friday. The shift, which BofA said was typical for the first week […]

LONDON, Jan 5 Reuters Sterling rose on Friday to a twoandahalf week high against a weakening euro after various business data showed some evidence that Britain39;s economy was more resilient than feared in December. Britain39;s construction sector showed signs that it might have seen the worst of a slump caused by interest rates surging to a 15year […]

Previous Trading Days Events 04 Jan 2024 The ADP report showed that more workers than expected were hired in the private sector in December, pointing to persistent strength in the U.S. labour market. Private payrolls increased by 164K jobs in December, the largest monthly increase since August. Source httpswww.reuters.commarketsususprivatepayrollsincreasedecemberadp20240104 Winners vs Losers The USDJPY remains […]

U.S. nonfarm payrolls data due at 1330 GMT Markets see 65 chance of Fed rate cut in March Dollar heads for best week since July Jan 5 Reuters Gold was headed on Friday for its first weekly drop in four, as reduced bets for an early interest rate cut in the U.S. boosted the dollar […]

SINGAPORE, Jan 5 Reuters The dollar was steady on Friday, heading for its strongest weekly performance since July on scaled back expectations of steep and early interest rate cuts this year ahead of closely watched U.S. payrolls data later in the day. The U.S. currency39;s strong start has cast a shadow on the Japanese yen […]

Jan 5 Reuters Asian equities attracted their biggest inflows in seven years in 2023, encouraged by major central banks39; deceleration in rate hikes to prioritize economic stimulation amid diminishing inflation worries. Central banks only moderated the pace of their rate hikes last year, but this year analysts anticipate increased foreign inflows into regional equities as […]

Remy, Pernod shares fall on China EU brandy probe UK39;s Endeavour Mining at near 3month low after CEO ouster German retail sales fall more than expected in Nov Jan 5 Reuters European shares dropped on Friday in a broader market decline, poised for their first weekly loss in eight, with investors awaiting eurozone inflation prints […]

MUMBAI, Jan 5 Reuters The Indian rupee closed stronger on Friday, supported by dollar inflows even as its Asian peers slipped heading into the release of key U.S. labour market data due later in the day. The rupee closed at 83.15 against the U.S. dollar, higher by 0.1 compared with its close at 83.23 in […]

BENGALURU, Jan 5 Reuters India39;s benchmark indexes posted marginal gains on Friday but logged losses for the week, dragged by highweightage information technology stocks on weak earnings outlook and fading hopes of early U.S. rate cuts in 2024. The NSE Nifty 50 fell 0.09 this week, while the Sensex shed 0.30. For the week, IT stocks fell […]