The Shanghai Composite jumped to start the week, finishing the day up 1.3%.State wealth fund Central Huijin increased stakes in China's Big Four banks last Friday and the government renewed some policies today designed to support capital markets.Technically, the index...
European equities climb at the open
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UK’s Cameron: We will consider more sanctions against Iran
David CameronCameron urged Israel to 'think with head as well as heart' and not retaliate to Iran in comments that align with the US and France.The White House said it was looking for diplomatic ways to publish Iran along with allies and we're starting to see that...
Bitcoin trims most of its weekend losses as Hong Kong approves spot ETF
Bitcoin 10 minuteBitcoin bids have accelerated in the past hour as it nearly erases the week-end drop that was prompted by Iran's strikes on Israel.The catalyst for the latest leg of buying is the Hong Kong approval of spot BTC and ETH applications for ETFs. It's not...
France’s Macron says will urge Israel not to reply with further escalation
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Swiss March price prices +0.1% vs +0.1% prior
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Aluminum jumps by the most since 1987
Aluminum jumped as much as 9.4%, the most since the current form of the contract was launched in 1987 at the LME, while nickel rose as much as 8.8%.The jumps come after The London Metal Exchange on Saturday banned Russian metals from its system to comply with new...
US dollar edges to the lows as Australian dollar leads a comeback
The Australian dollar is the top performer today and is making fresh session highs, up 27 pips. It's part of a broader move that includes USD selling, excluding against the yen. It's a broad, risk-positive move as the market calculates that any Israeli response to...
Gold rebounds tentitively after Friday reversal. ANZ eyes $2500
Gold is up $13 early in the week after a spike to record highs and a nearly $100 reversal on Friday.Gold continued to heat up for most of last week but it ended it a concerning fashion as it spiked to $2430 only to fall as low as $2335. It's bounced today but...
USD/JPY stretches to fresh 34–year high
The geopolitical bid in the yen has largely reversed.The pair is at a fresh 34-year high, up a half-cent on the day as the market senses a peaceful resolution in the Iran-Israel skirmish. The signal from FX is consistent with equity (futures +0.4% in the US) and bonds...
ForexLive Asia-Pacific FX news wrap: USD/JPY extends higher again
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Japan finance minister Suzuki says watching FX moves closely
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Federal Reserve Bank of Dallas President Lorie Logan is speaking soon, at 0630 GMT
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European Central Bank chief economist Philip Lane is speaking on Monday
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Bank of England Deputy Governor Sarah Breeden speaks on Monday
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US data focus for Monday – March retail sales – the range of expectations to watch
On Monday at 1230 GMT, which is 0830 US Eastern time we get retail sales for AMrch 2024. The Federal Reserve will be paying attention to assess the strength of the consumer and, in turn, the US economy. Stronger than expected will boost the case to delay rate cuts,...
PBOC sets USD/ CNY reference rate for today at 7.0979 (vs. estimate at 7.2478)
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USD/JPY still making 30+ year new highs
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Tesla (TSLA) is rumored to be preparing a massive round of layoffs
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