Morning Bid: Growth angst or air pocket? Stocks nurse losses
A look at the day ahead in U.S. and global markets from Mike Dolan The worst day for the S&P500 since 2022 and mounting central bank easing bets suggest markets’…
Exclusive-Declining Mexican crude output could shatter energy independence dream
By Stefanie Eschenbacher MEXICO CITY (Reuters) – Mexico’s incoming President Claudia Sheinbaum will likely face a new challenge fulfilling the dream of energy independence that led her predecessor to spend…
Dollar slips ahead of GDP data; euro rises and yen surges
Investing.com – The U.S. dollar slipped lower Thursday, the euro posted small gains while the Japanese yen climbed to multi-month highs ahead of next week’s Bank of Japan meeting. At…
Yen surges as traders brace for interest rate shift while risk mood sours
By Harry Robertson and Rae Wee LONDON/SINGAPORE (Reuters) – The yen rallied for a fourth day running on Thursday, reaching a a six-week high, as traders ditched their long-running bets…
Oil slips on mixed demand signals
By Noah Browning (Reuters) – Oil prices fell on Thursday on mixed demand signals a day after large draws on U.S. inventories while consumption in China, the world’s largest crude…
Investors turn long on Singapore dollar after 7 months; bearish bets on Asian FX ease – Reuters poll
By Roushni Nair (Reuters) – Investors turned bullish on the Singapore dollar for the first time since mid-December as the city-state’s growth and inflation dynamics continue to support the local…
India cenbank may prefer mild rupee weakness to correct overvaluation, BofA says
MUMBAI (Reuters) – The Reserve Bank of India may allow the rupee to weaken slightly to unwind the slightly elevated real effective exchange rate and keep the South Asian currency…
Yen rises sharply as carry trades unwind, risk mood sours
By Rae Wee SINGAPORE (Reuters) -The yen rose to its strongest level against the dollar in 2-1/2 months on Thursday and scaled multi-month highs against other currencies ahead of next…
Gold prices slide as safe haven plays favor yen; Copper losses deepen
Investing.com– Gold prices fell in Asian trade on Thursday, seeing little safe haven demand despite increasing risk-off sentiment as traders rode a sharp appreciation in the Japanese yen. A rout…
Japan’s novel FX intervention throws off investors
By Amanda Cooper and Brigid Riley LONDON/TOKYO (Reuters) -Japanese official buying to defend the yen is fast becoming a standard feature of the FX landscape in 2024, but authorities in…
