LONDON/NEW YORK (Reuters) – Typically a boon for emerging markets, this year’s plunge in the U.S. dollar may fail to boost the developing world’s prospects as the raging pandemic hits economic activity, increases poverty and exposes weak policymaking. The greenback
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S.Korea stocks drop on U.S. data but post biggest monthly gain in 3 months
* KOSPI posts fourth consecutive monthly gain * Foreign investors snap five months of selling * KRW gains against USD on Friday, up 1% in July * S.Korea benchmark bond yield rises on Friday * For the midday report, please
Asian stocks make cautious gains, dollar languishes near two-year lows on Fed
SYDNEY (Reuters) – Asian stocks were boosted on Thursday by the promise of ultra-easy monetary policy globally as the U.S. Federal Reserve pledged to support the country’s virus-battered economy, though record-shattering COVID-19 cases tempered gains. In a mixed lead for
EMERGING MARKETS-Latam FX treads higher as dollar weakens ahead of Fed move
By Shreyashi Sanyal July 29 (Reuters) – Most Latin American currencies edged higher on Wednesday against the dollar which fell to a two-year low on growing expectations of a dovish policy stance from the U.S. Federal Reserve. The Brazilian real
Global equities edge higher, safe havens flat ahead of Fed meeting
NEW YORK (Reuters) – Stock markets edged higher and perceived safe-haven assets were steady on Wednesday as investors awaited news from the U.S. Federal Reserve’s latest policy meeting. The Fed is expected to sound reassuringly accommodative at its policy review
Sri Lankan shares rise for third day as financial, consumer stocks jump
July 27 (Reuters) – Sri Lankan shares jumped for a third straight session on Monday, led by gains in financial and consumer staples stocks. ** The benchmark CSE All Share Index closed 0.79% higher at 5,105.12. ** Shares of Ceylinco
Asian shares drop as China consulate closure fans Sino-U.S. tensions
SHANGHAI/NEW YORK (Reuters) – Asian shares slipped on Thursday as investors’ worries over rising tensions between Washington and Beijing overcame hopes for more stimulus, after the United Sates ordered the closure of China’s consulate in Houston amid accusations of spying.
Houston, we have a problem
LONDON (Reuters) – News that the United States had ordered China to close its consulate in Houston fanned a bout of selling in equity markets on Wednesday, while the euro basked at a 21-month high in the afterglow of the
Asia stocks rebound, hopes of more stimulus offset virus worries
TOKYO (Reuters) – Asian shares eked out gains and U.S. stock futures bounced back on Friday as hopes of more government spending around the globe suppressed concerns about rising new coronavirus case numbers and worsening tensions between Washington and Beijing.
EMERGING MARKETS-Rupiah hit by fourth rate cut, FinMin exit sinks baht
* Graphic: World FX rates tmsnrt.rs/2egbfVh * Graphic: Foreign flows into Asian stocks tmsnrt.rs/3f2vwbA * Thai baht hits over 1-month low * Bank Indonesia cuts rates by 25 bps to 4.00% By Shriya Ramakrishnan July 16 (Reuters) – The Indonesian