News & Analytic Centre

NEW YORK, March 22 Reuters Wall Street giddyness in recent weeks stands in stark contrast to the pandemic panic of one year ago. U.S. stocks on Tuesday will mark the oneyear anniversary of the market low as the spread of the COVID19 and government lockdowns began to crush economic activity, before massive government and central […]

Rates as of 0500 GMT Market Recap Rather modest movements in the currency market since Friday morning. The biggest move was in the Turkish lira TRY, which collapsed some 14 after Erdogan dismissed the head of the central bank the third CB head to lose his job in less than two years and replaced him […]

The U.S. dollar held near a fourmonth high on Monday as rising U.S. Treasury yields fuelled demand for the greenback and prompted hedge funds to cut bearish positions. Turkeys shock weekend decision to replace its hawkish central bank governor also supported the dollars safehaven appeal. Markets have been slow to catch on to the rising […]

Russia stands ready to tap the Eurobond market any moment, and it expects foreigners share among holders of its OFZ treasury bonds to stabilise in 2021 despite the threat of fresh U.S. sanctions, a deputy finance minister told Reuters. The risk of new sanctions increased after U.S. President Joe Biden said Russian President Vladimir Putin […]

MOSCOW, March 22 Reuters The Russian rouble cut some losses after hitting a more than twoweek low versus the dollar on Monday as new sanctions against Moscow loomed and Turkeys nosediving lira led to a drop in risk appetite. By 1201 GMT, the rouble was 0.4 weaker against the dollar at 74.39. Earlier, it slumped […]

SYDNEYLONDON, March 22 Reuters The fallout from Turkeys latest market drama appeared contained on Monday, as stocks and emergingmarket currencies recovered from President Tayyip Erdogans shock replacing of a hawkish central bank governor with a critic of high interest rates. Indexes tracking Europes 600 largest stocks, emergingmarket shares, and emergingmarket currencies all stayed near flat […]