Forex

Kenyan shilling stable, underpinned by commodity flows

09h29 The Kenyan shilling was firm on Monday supported by inflows from the agricultural sector and offshore investors buying stocks and government debt, traders said.  Full story

Czech central banker Holub says reasons for holding or raising rates "very equal" -paper

23h00 Czech central banker Tomas Holub sees reasons for rate stability or a moderate rise as "very equal", considering domestic inflationary pressures, a fragile revival abroad and the strengthening crown, he was quoted as saying on. . .  Full story

Brazil's real weakens after minister's comments, Chilean peso up

21h12 Brazil's real weakened on Monday after the country's economic minister flagged weakness in the currency as the "new normal," while the Chilean peso firmed on the back of strong copper prices.. . .  Full story

Sterling falls after Javid comments stoke hard Brexit fears

18h37 The pound fell on Monday after comments by UK finance minister Sajid Javid stoked fears about weak ties between Britain and the European Union following the country's departure from the bloc.. . .  Full story

Dollar gains as U.S. economic strength supports sentiment

18h32 The dollar rose to its strongest level of 2020 on Monday after last week's run of data confirmed that the U.S. economy is holding up well, while China's yuan briefly hit a new six-month. . .  Full story

Central banks can't save the world from climate change, BIS says

17h06 Central banks can't be expected to save the world from climate change, a new book by the Bank for International Settlement said on Monday, urging instead global co-ordination ranging from government policy to financial regulation.. . .  Full story

Loonie idles ahead of Bank of Canada rate decision this week

16h57 The Canadian dollar was little changed against its U.S. counterpart on Monday as domestic data showed home prices moving higher in December and investors awaited a Bank of Canada interest rate decision this week.. . .  Full story

Stocks stay near record highs; focus turns to central banks, earnings

16h48 World stocks traded just below record highs on Monday, pausing ahead of this week's central bank meetings, economic data and earnings, while oil prices rose to their highest in over a week after blockades. . .  Full story

Moody's cuts Hong Kong's rating to 'Aa3' as protests continue

15h58 Moody's downgraded Hong Kong's credit rating to "Aa3" from "Aa2" on Monday, saying its view on the strength in the Chinese-ruled city's institutions and governance is "lower than previously estimated.". . .  Full story

Norway finance minister quits over IS woman's return from Syria

15h41 Norwegian Finance Minister Siv Jensen and her right-wing Progress Party will resign from the government over a cabinet decision to help bring a woman suspected of Islamic State affiliation back home to Norway, Jensen said. . .  Full story

Egypt's debt ratio to beat target this year, minister says

15h37 Egypt is on track to reduce its total debt to a lower-than-expected 83% of GDP by the end of the fiscal year in June, helped by a widening of its primary budget surplus in. . .  Full story

Offshore investors net sellers of South African stocks, buy bonds

15h21 Offshore investors sold a net of 1.04 billion rand ($71.62 million) of South African stocks last week and bought 4.95 billion rand in bonds, data from the Johannesburg Stock Exchange showed on Monday. STOCKS. . .  Full story

Norway PM Solberg says to stay in office with minority government

15h14 Norway's Conservative Prime Minister Erna Solberg will remain in office as head of a minority three-party coalition following the resignation of the right-wing Progress Party, Solberg said on Monday.. . .  Full story

Sri Lanka shares slip for fourth session as consumer, financials weigh

15h07 Sri Lankan shares slid for a fourth straight session on Monday, with consumer and financial stocks accounting for a major portion of the day's losses.. . .  Full story

As Brexit nears, UK's Johnson pushes for deeper trade ties with Africa

12h51 Prime Minister Boris Johnson called for deeper investment ties between Britain and Africa at a summit for leaders of 21 African countries on Monday that comes days before his country will leave the European. . .  Full story

EM stocks, currencies flat ahead of key central bank meetings

11h15 Emerging market stocks and currencies were flat on Monday as investors braced for major central bank meetings later in the week, while Turkish and Russian equities scaled all-time highs.. . .  Full story

GRAPHIC-Take Five: A week in central banking

11h10 1/THE ORACLES SPEAK Geopolitics overshadowed monetary policy for the first time in many months in early January. But such distractions tend to be short-lived nowadays, with investors getting back to central bank-watching swiftly.. . .  Full story

Ugandan shilling stable on thin importer demand

10h33 The Ugandan shilling traded in a stable position on Monday on the back of thin appetite for dollars from merchandise importers, traders said.. . .  Full story

S.Korean stocks end higher as solid U.S. data fuels risk appetite

09h24 Round-up of South Korean financial markets:. . .  Full story

South African rand flat in early trade, eyes on ANC leaders' meeting

09h21 South Africa's rand was little changed early on Monday as investors held off from placing large bets while the governing African National Congress (ANC) party held an important meeting on the. . .  Full story

Ready, steady, review: Five questions for the ECB

09h00 The European Central Bank's first meeting of the year is set to bring the formal launch of a strategy review, most likely including a rethink of an inflation goal the bank has failed to. . .  Full story

S.Korea's Q4 GDP growth seen picking up, but full-year pace slowest in a decade

08h35 South Korea's economy likely grew faster in the December quarter than in the preceding period, helped by improved domestic consumption after fiscal and monetary stimulus, a Reuters poll showed on Monday.. . .  Full story

Most gain; yuan hits near 7-month high on firm PBOC fix

08h03 Most Asian currencies ticked higher on Monday, with China's yuan leading the pack on a firm midpoint rate fix by the central bank and robust demand ahead of a week-long New Year holiday.. . .  Full story

South African Markets - Factors to watch on Jan 20

07h34 The following scheduled economic indicators, debt and currency market moves may affect South African markets on Monday.. . .  Full story

Yuan climbs to fresh 6-month top before holiday hiatus

07h18 The yuan edged up to a new six-month high on Monday, with traders expecting the currency to stay firm before a week-long holiday, after China showed signs of economic recovery and sealed a long-awaited trade. . .  Full story

African Markets - Factors to watch on January 20

06h37 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. - - - - - GLOBAL MARKETS Asian shares. . .  Full story

S.Korea stocks rise as strong U.S. data lifts risk appetite

04h34 Round-up of South Korean financial markets: ** South Korean shares gained on Monday as risk sentiment improved following solid U.S. data. The won was flat, while. . .  Full story

Australia, NZ dlrs save stamina for data hurdles later in week

03h59 The Australian and New Zealand dollars marked time on Monday as markets awaited key data due later in the week which could decide whether interest rates in both countries might be cut anytime soon.. . .  Full story

China sets yuan mid-point at strongest in six months

03h26 The People's Bank of China set the onshore yuan mid-point guidance rate at its strongest level since July 19, 2019.. . .  Full story

Airbus unit to offer product to help airlines with revenue volatility

02h00 A subsidiary of Airbus, the world’s largest planemaker, is preparing to launch a financial product aimed at helping its airline customers hedge against risks to revenue, officials said.. . .  Full story

South Africa tries to secure funding for struggling SAA

19/01 South Africa's Public Enterprises Ministry said on Sunday it was talking with the Treasury to raise funds to rescue South African Airways (SAA), following a meeting with business rescue specialists at the weekend.. . .  Full story

S.African stocks hit near 7-month highs, led by Richemont, miners

18/01 South African stocks rose to near seven-month highs on Friday, underpinned by gains in heavyweight Richemont and mining firms, while the rand fell against a broadly stronger dollar.. . .  Full story

Shares set fresh records, lifted by U.S. housing data

17/01 Key world equity indexes scaled new highs on Friday, boosted by a surge in U.S. housing starts to levels last seen in 2006, while the greenback rose to a one-week high against the euro. . .  Full story

C$ weakens amid risk currency moves will concern Bank of Canada

17/01 The Canadian dollar weakened against its U.S. counterpart on Friday, as the greenback broadly rose and investors saw risk that the Bank of Canada would remark on the loonie's recent appreciation at an interest. . .  Full story

Strong China data powers rally in Latam markets

17/01 The Mexican peso scaled a more than one-year high on Thursday as Latin American currencies rallied after stronger-than-expected economic data from China fueled optimism about global growth in the wake of a Sino-U.S. trade truce.. . .  Full story

Dollar gains on U.S. economic optimism

17/01 The greenback rose to a one-week high against the euro on Friday as economic data pointed to solid economic growth, and reduced fears about an impending slowdown. U.S. homebuilding. . .  Full story

U.S.-China trade deal to ease global uncertainty -IMF chief

17/01 The signing of a Phase 1 trade agreement between the United States and China will reduce - but not eliminate - uncertainty that has dampened global economic growth, International Monetary Fund Managing Director Kristalina Georgieva. . .  Full story

Pound reverses gains after bleak British retail sales

17/01 The pound gave up early gains on Friday after UK retail sales data came in weaker than expected, prompting investors to price in a greater chance interest rates would be cut at the end. . .  Full story

Travelex staff put away pens and paper as UK systems come back online

17/01 More than two weeks after a crippling ransomware attack forced Travelex staff to use pen and paper to calculate foreign currency exchanges, the company said the first of its customer-facing systems in Britain was. . .  Full story

Take Five: A week in central banking

17/01 1/THE ORACLES SPEAK Geopolitics overshadowed monetary policy for the first time in many months in early January. But such distractions tend to be short-lived nowadays, with investors getting back to central bank-watching swiftly.. . .  Full story

Sri Lanka shares slip for third session as financials weigh

17/01 Sri Lankan shares slid for a third session on Friday, weighed down by financial stocks.. . .  Full story

Nigeria to talk to concessionary lenders about $2.8 bln borrowing: debt office

17/01 Nigeria plans to talk to concessionary lenders about 850 billion naira ($2.8 billion) in external borrowings earmarked in its 2020 budget, the head of the debt office said on Friday.. . .  Full story

-U.S.-China Phase 2 trade deal unlikely - S&P trade analyst

17/01 A more comprehensive trade deal between the United States and China is unlikely, a global trade expert said on Friday, adding that the recently agreed Phase 1 deal lacks teeth and is too ambitious. . .  Full story

Nigeria's lender Access acquires Kenya's Transnational Bank

17/01 Nigeria's top lender by assets, Access Bank, has acquired Kenya's Transnational Bank, the Kenyan central bank said on Friday.. . .  Full story

China securities regulator says to balance equity supply and demand this year

17/01 China's securities watchdog said on Friday that it would keep equity supply and demand in balance in 2020 as it pushes for further reforms in the capital markets while containing financial risks.. . .  Full story

Nigerian inflation climbs for fourth month as prices rise across board

17/01 Annual inflation in Nigeria rose for the fourth straight month in December, marking the longest run of increases in almost two years as prices climbed across all categories measured by the. . .  Full story

Ugandan shilling trades stable as interbank demand slows

17/01 The Ugandan shilling traded stable on Friday on the back of subdued appetite for hard currency in the interbank market.. . .  Full story

China will make yuan more flexible -FX regulator

17/01 China will improve its yuan regime and make the currency more flexible, a spokeswoman for the foreign exchange regulator said on Friday.. . .  Full story

EM stocks scale 19-month highs; South African rand firms on rate cut

17/01 Emerging market stocks climbed toward 19-month highs on Friday, as data showed the Chinese economy was chugging along despite a bruising trade war with the United States, while South Africa's rand firmed after a. . .  Full story

South Africa's rand edges up after surprise rate cut

17/01 South Africa's rand rose against the dollar early on Friday, a day after the central bank unexpectedly cut rates in an attempt to boost faltering economic growth.. . .  Full story

S.Korean stocks pause after trade-fueled rally; up 2% for week

17/01 Round-up of South Korean financial markets:. . .  Full story

Kenyan shilling firms on horticulture inflows, remittances

17/01 The Kenyan shilling was firm on Friday supported by inflows from the horticulture sector and diaspora remittances, traders said. At 0642 GMT, commercial banks quoted the shilling at 100.90/101.10 per. . .  Full story

Most units trade in tight range; yuan gains on strong data

17/01 Most Asian currencies traded in a narrow range on Friday as excitement over the signing of the Sino-U.S. trade deal faded, while China's yuan hit a six-month high after data showed resilience in the. . .  Full story

Yuan climbs to fresh 6-month peak as China economy shows resilience

17/01 China's yuan advanced to a new six-month high against the dollar on Friday, after a slew of data pointed to resilience in China's economy in the final quarter of the year despite U.S. trade. . .  Full story

Bank of Korea holds rates, citing stronger recovery and housing bubble risk

17/01 South Korea's central bank kept its benchmark rate steady and struck an upbeat tone, citing signs of an improving trade environment and a resilient domestic backdrop that suggested policymakers are in no rush to. . .  Full story

S.Korea stocks hit 15-month high as China data soothes growth concerns

17/01 Round-up of South Korean financial markets: ** South Korean shares hit a 15-month high on Friday as Chinese economic data allayed growth worries, but the main index pared some early gains. . .  Full story

Australia, NZ dollars struggle to make much of better China data

17/01 The Australian and New Zealand dollars were heading for a flat finish for the week on Friday as a raft of Chinese economic data either met or beat forecasts, just not by enough to. . .  Full story

Euro zone slowdown has bottomed but no big bounce in sight

17/01 The slowdown in euro zone economic activity has probably bottomed out, according to a Reuters poll, which showed while the outlook for growth and inflation remained lukewarm the chances of a recession have faded somewhat.. . .  Full story

Dollar gains, stocks scale fresh highs on data, trade deal

16/01 The dollar rose while key world and stock indexes on Wall Street scaled new records on Thursday as the U.S.-China trade deal, strong corporate earnings and encouraging U.S. economic data lifted equity markets.. . .  Full story

Loonie trades sideways as investors await clues on rate outlook

16/01 The Canadian dollar was little changed against the greenback on Thursday, extending this week's sideways trading pattern as investors awaited economic data over the coming weeks that could shape expectations for the Bank of Canada. . .  Full story

Mexican shares join global rally; Brazil's real gives up gains

16/01 Latin American currencies traded flat to lower on Thursday with Brazil's real giving up gains made on upbeat economic data, while Mexican shares touched a one-month high in line with a rally in global. . .  Full story

Dollar gains on positive U.S. economic data

16/01 The dollar gained on Thursday after multiple data releases painted a positive U.S. economic picture, reversing earlier weakness following the preliminary deal between the United States and China to de-escalate their trade war.. . .  Full story

Turkish central bank slows easing with modest interest rate cut

16/01 Turkey's central bank cut its key interest rate by 75 basis points to 11.25% on Thursday, in its most restrained move since it began easing in July, suggesting any further stimulus would be modest. . .  Full story

South Africa's rand firms on surprise rate cut

16/01 South Africa's rand inched up on Thursday after the central bank unexpectedly cut its main lending rate by 25 basis points to 6.25%, providing a stimulus to the flagging economy as it lowered its. . .  Full story

Sterling rises to 1-week high as traders await data cues on BoE rate decision

16/01 Sterling edged up on Thursday, hitting its highest level of the week as investors paused their ramping-up of bets on the Bank of England cutting interest rates later this month.. . .  Full story

"Devil is in the detail" - EU says will check US-China deal

16/01 The European Union will check to see whether a major deal struck by the United States and China complies with global trade rules, the EU's trade chief said on Thursday.. . .  Full story

South Africa scours state coffers in bid to rescue SAA

16/01 South Africa is scrambling to secure extra funding to rescue South African Airways (SAA), which last month entered a form of bankruptcy protection in a last-ditch bid to save the state-owned. . .  Full story

South African central bank surprises with rate cut

16/01 South Africa's central bank unexpectedly cut its main lending rate by 25 basis points to 6.25% on Thursday, providing a stimulus to the flagging economy as it lowered its inflation forecasts. . .  Full story

Lebanon default "probable", deposit grab "possible" - Fitch

16/01 Lebanon's precarious finances mean the crisis-hit country looks likely to default on its debt in some way and could even launch a Cyprus-style grab for savers' bank accounts, Fitch's top sovereign analyst said.. . .  Full story

Pakistan reserves increase $82 mln to $11,586.0 mln week ending Jan 10

16/01 Pakistan's foreign exchange reserves increase $82 million to $11,586.0 million in the week ending Jan 10, compared to $11,503.7 million in the previous week, the central bank said on Thursday.. . .  Full story

Sri Lanka shares slip as consumer, financial sector weigh

16/01 Sri Lankan shares slid for a second session on Wednesday, hit by a drop in financial and consumer stocks which accounted for more than half the day's losses.. . .  Full story

China's new bank loans hit record in 2019, more stimulus expected

16/01 New bank lending in China hit a record of 16.81 trillion yuan ($2.44 trillion) in 2019 as the central bank eased policy to support the world's second-largest economy hobbled by weak global demand. . .  Full story

Czech crown pulls back from 7-year high

16/01 The Czech crown retreated from a seven-year high in early trade on Thursday, as it approached a new resistance level after a blistering start to the year. The crown has been. . .  Full story

Sterling recovers as traders wait for data cues on BoE rate cut

16/01 Sterling edged higher on Thursday, hitting its best level of the week as investors paused the ramping-up of bets on the Bank of England cutting interest rates later this month.. . .  Full story