Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
The U.S. dollar has fallen from a recent 13-month peak following a softer-than-expected employment report, which has tempered expectations for further Federal Reserve interest rate hikes. The euro is poised for weekly gains as a result of the dollar's retreat.
The South African rand strengthened on Thursday, gaining against a weaker U.S. dollar. The dollar's decline followed the release of U.S. employment figures that fell short of economists' expectations.
The U.S. dollar rose for a fourth straight session on Wednesday, gaining strength as a safe-haven asset after President Donald Trump's comments signaled a potential collapse of a peace framework with Iran. The currency was also supported by investor anticipation ahead of the Federal Reserve's latest meeting minutes.
Financial services firm Kepler Cheuvreux has raised its rating for Swedish telecom operator Tele2 to 'buy' from 'hold,' citing a recent share price decline as an attractive entry point. The firm highlighted the company's strong cash generation and potential benefits from consolidation in the Swedish telecom market.
Government bond yields in the Eurozone and globally rose on Wednesday, driven by a spike in oil prices after the U.S. hardened its stance on an Iran peace deal. Investors are also cautiously awaiting minutes from the U.S. Federal Reserve for clues on future interest rate policy.
The British pound fell against the U.S. dollar on Wednesday, influenced by a surge in oil prices following U.S. action in Iran and market anticipation of hawkish minutes from the U.S. Federal Reserve.
According to a new report from Bank of America, speculative bets against the Japanese yen have reached stretched levels, increasing the risk of a market sell-off. The analysis follows data showing foreign investors sold both Japanese bonds and equities in June.
The British pound advanced against the U.S. dollar on Friday after a weaker-than-expected U.S. jobs report fueled speculation that the Federal Reserve may be finished with its interest rate hikes.
The British pound traded nearly flat against the U.S. dollar on Monday as the greenback maintained its strength despite soft jobs data from the previous week. Investors are anticipating a hawkish tone from the upcoming release of Federal Reserve meeting minutes.
