RBI action may help rupee bonds weather global bond rout
Options traders and currency forecasters are betting India’s rupee bonds will hold up better than during the last taper tantrum in 2013.
Pound Stabilises; UK Vaccine Rollout Keeps Investors Bullish
LONDON, March 19 Reuters The pound was steady on Friday, edging up slightly against the dollar and flat against the euro, a day after a Bank of England meeting that gave sterling traders little reason to change from their generally bullish outlook. Sterling has gained more than 2 so far this year against the dollar […]
FTSE 100 Falls as High Bond Yields, Energy Stocks Weigh
March 19 Reuters Londons FTSE 100 fell on Friday, hit by higher bond yields globally, while energy stocks dropped as fresh coronavirus lockdowns across Europe dampened hopes of a swift recovery in fuel demand. The bluechip FTSE 100 index was down 0.5, with oil heavyweights BP Plc and Royal Dutch Shell Plc falling 0.9 and […]
Speedy vaccine rollout lifts hopes for U.K. recovery
The U.K.’s economic prospects are brightening and the pound sterling has been rallying as the nation continues a fast and comparatively successful rollout of its vaccine program.
Europe Must Play Catchup, U.S. Economy Readies for Takeoff
Struggling to get its vaccine campaign and economic recovery plan in gear, Europe can only watch with envy the stratospheric growth path projected for the stimulusfueled U.S. economy. But officials and economists caution against direct comparisons between the two, noting that much of the divergence masks inbuilt support that European workers and businesses get from […]
Hype over U.S. crypto ETF approval fuels Bitcoin inflows
Assets at cryptocurrency funds are approaching $40 billion, with almost $1 billion of inflows coming from exchange-traded securities this year.
From automation to regulation: 2021 opportunities on the sell side
The pandemic dominated headlines, upended daily life and changed the way sell-side firms work. Get unique insights into key trends and opportunities in 2021 with this new sell side report.
Oil Extend Losses Amid Gloomy Demand Outlook
Oil prices fell on Friday for a sixth day in a row, down nearly 9 for the week, as a new wave of COVID19 infections in particular across Europe spurred fresh lockdowns and dampened hopes for an imminent recovery in fuel demand. U.S. West Texas Intermediate WTI crude fell 4 cents, or 0.07, to 59.96 […]
Copper Falls as Dollar Firms on Higher U.S. Yields
HANOI, March 19 Reuters Copper prices fell on Friday as the dollar firmed on the back of rising U.S. Treasury yields, making greenbackpriced metals more expensive for holders of other currencies. Threemonth copper on the London Metal Exchange was down 0.9 to 8,973.50 a tonne by 0542 GMT, while the mosttraded May copper contract on […]
FINMA says UBS, CS Group Improve Emergency Planning
ZURICH, March 19 Reuters Big Swiss banks UBS and Credit Suisse have strengthened plans for how they would stabilize themselves in a financial crisis, Swiss financial markets watchdog FINMA said on Friday, though it said there is still work to be done. FINMA continues to regard the Swiss emergency plans of the global systemically important […]