Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Sagarika Jaisinghani"


25 mentions found


US STOCKS-Dow drops 1% after hawkish Bullard remarks
  + stars: | 2021-06-18 | by ( Shashank Nayar | Medha Singh | ) www.reuters.com + 0.00   time to read: +3 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) The CBOE volatility index, Wall Street’s fear gauge, spiked to 20.60 points, its highest level since May 21 following his comments. Wall Street’s main indexes were jolted earlier this week after the Fed unexpectedly signaled it could begin tapering its massive stimulus sooner than expected, setting the benchmark S&P 500 on course to snap a three-week winning streak. ET, the Dow Jones Industrial Average was down 371.35 points, or 1.10%, at 33,452.10 and the S&P 500 was down 31.41 points, or 0.74%, at 4,190.45. The S&P index recorded seven new 52-week highs and one new low, while the Nasdaq recorded 18 new highs and 23 new lows.
Persons: Dow, James Bullard, pare, Bullard, , Sam Stovall, advancers, Sagarika Jaisinghani, Medha Singh, Shashank, Maju Samuel Organizations: Mitsubishi, Bank, Dow, Nasdaq, Federal Reserve, Louis Federal Reserve, CFRA Research, Dow Jones, Transportation, International Inc, Mitsubishi HC Capital Inc, NYSE Locations: Bengaluru
US STOCKS-Recovery bets keep S&P, Nasdaq futures near record highs
  + stars: | 2021-06-18 | by ( Sagarika Jaisinghani | ) www.reuters.com sentiment -1.00   time to read: +2 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Futures: Nasdaq up 0.16%, Dow and S&P off 0.11%June 18 (Reuters) - Futures tracking the S&P 500 and the Nasdaq indexes hovered near record highs on Friday as optimism around a speedy economic recovery overshadowed the Federal Reserve’s hawkish stance on monetary stimulus. Shares of Apple Inc, Facebook Inc, Nvidia Corp and Google-parent Alphabet Inc rose as much as 1.2% in premarket trading. Tech-heavy Nasdaq 100 futures were up 0.2% by 06:36 a.m. Dow e-minis and S&P 500 e-minis, on the other hand, were down 0.11%.
Persons: Norway’s Adevinta, Sagarika, Maju Samuel Organizations: Nasdaq, Dow, Apple Inc, Facebook Inc, Nvidia Corp, Google, Tech, JPMorgan Chase &, Goldman Sachs Group Inc, Citigroup Inc, eBay, Transportation, International Inc, Mitsubishi HC Capital Inc Locations: Bengaluru
(Reuters) -A slide in bank and energy stocks hit European shares on Friday, with a hawkish policy outlook from the U.S. Federal Reserve also casting a dampener on the STOXX 600’s fifth straight weekly gain. [.N]Insurers, telecom stocks and energy stocks lost between 0.8% and 1.2%, while industrials and real estate stocks were among the biggest gainers. By 0824 GMT, the pan-European STOXX 600 index was down 0.2%. Germany’s DAX index fell 0.3% as data showed a bigger-than-expected jump in May producer prices. The European mining index slipped 0.1%, bringing its weekly decline to more than 5% due to lower metal prices.
Persons: , Andrea Cicione, “ We’ve, Germany’s DAX, Niemann Organizations: Reuters, U.S . Federal Reserve, REUTERS, Staff, Lombard, European Central Bank, Fed, Orphazyme, U.S . Food, Drug Administration, Tesco, Britain’s Locations: Frankfurt, Germany, Danish, U.S
REUTERS/StaffThe pan-European STOXX 600 index ended 1.6% lower in its worst day in five weeks, with bank and energy stocks leading declines. His comments came after the Fed signalled a hawkish tilt earlier this week, which had rattled risk-driven markets. Commodity markets were also hit by the Fed, with European energy stocks falling 2.9% on Friday, in line with lower oil prices. The sector had its worst week since the peak of the COVID-19 pandemic in March 2020. Bank of Ireland tumbled 7% to the bottom of the STOXX 600, after it announced the sale of some non-performing mortgage exposures.
Persons: speedier, James Bullard, , Andrea Cicione, “ We’ve, DAX, Niemann Organizations: Reuters, Federal Reserve, REUTERS, Staff, European Union, AstraZeneca, Fed, Lombard, Bank of Ireland, Orphazyme, U.S . Food, Drug Administration, Tesco, Britain’s Locations: Frankfurt, Germany, United, U.S
A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. The CBOE volatility index (.VIX), Wall Street's fear gauge, spiked in the wake of his comments to 20.60 points, its highest level since May 21, before dropping back a touch. "Second, it suggests that tightening could crimp the growth of the economy and the earnings of the S&P 500 sooner than investors thought." The upward commodity move didn't translate into positive sentiment for U.S. energy stocks, with the sector's index (.SPNY) the second-worst performer. It is the largest options expiration in history, noted Randy Frederick, vice president of trading and derivatives for Charles Schwab.
Persons: Eric Thayer, James Bullard, Bullard, Rick Meckler, Ryan Detrick, Randy Frederick, Charles Schwab, Sagarika Jaisinghani, Medha Singh, Shashank, David French, Maju Samuel, Diane Craft Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Louis Federal Reserve, Cherry Lane Investments, Fed, Dow Jones, U.S ., LPL Financial, Thomson Locations: New York, New Vernon , New Jersey, U.S, Bengaluru
A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. REUTERS/Eric Thayer/File PhotoSummary Fed's Bullard says he sees rate-rise in late-22CBOE volatility index jumps above 20 points before recedingAll three main indexes finish downJune 18 (Reuters) - The three main Wall Street indexes all finished sharply lower on Friday, after investors were spooked by hawkish interest rate comments by Federal Reserve official James Bullard. Bullard's comments spiked the CBOE volatility index (.VIX), Wall Street's fear gauge, which initially hit its highest level since May 21, before dropping back a touch. Other market ramifications from Bullard's comments have included further strengthening of the U.S. dollar . It was the largest options expiration in history, noted Randy Frederick, vice president of trading and derivatives for Charles Schwab.
Persons: Eric Thayer, Fed's Bullard, James Bullard, Bullard, I'm, Tim Ghriskey, Ghriskey, Randy Frederick, Charles Schwab, Sagarika Jaisinghani, Medha Singh, Shashank, David French, Maju Samuel, Diane Craft Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Dow, Louis Federal Reserve, Fed, Inverness, Dow Jones, Nasdaq, U.S ., financials, Thomson Locations: New York, U.S, Bengaluru
The blue-chip Dow and the benchmark S&P 500 started the week at record closing levels, but ultimately fell by their most in any week since late October and late February, respectively. The tech-heavy Nasdaq index also closed lower despite posting its two highest ever finishes in the last five days. A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. It was the largest options expiration in history, noted Randy Frederick, vice president of trading and derivatives for Charles Schwab. Volume on U.S. exchanges was 14.97 billion shares, compared with the 10.96 billion average over the last 20 trading days.
Persons: Fed's Bullard, James Bullard, Bullard, I'm, Tim Ghriskey, Eric Thayer, Ghriskey, Randy Frederick, Charles Schwab ., Sagarika Jaisinghani, Medha Singh, Shashank, David French, Maju Samuel, Diane Craft Organizations: Fed, Dow, Nasdaq, Federal Reserve, Louis Federal Reserve, Inverness, New York Stock Exchange, REUTERS, Dow Jones, U.S, Thomson Locations: U.S, New York, Bengaluru
(Reuters) -European shares fell from record highs on Thursday, tracking declines on Wall Street after the Federal Reserve surprised investors by taking a hawkish tone to its policy, while CureVac sank 40% after failing in a pivotal COVID-19 vaccine trial. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 16, 2021. [.N]Mining stocks shed 1% as the U.S. central bank’s comments lifted the dollar and dented commodity prices. In company news, German biotech CureVac NV said late on Wednesday its COVID-19 vaccine missed the main goal in a late-stage trial, raising doubts about the potential delivery of hundreds of millions of doses to the European Union. The company’s shares sank 44.3% and were on course for their worst session since their August 2020 U.S. IPO.
Persons: CureVac, , Michael Hewson, IAG Organizations: Reuters, Federal Reserve, REUTERS, Staff, CMC, CureVac NV, European Union, COVID, British Airlines, Ryanair, Bank, Spanish bourse Locations: Frankfurt, Germany, U.S, Britain, easyJet
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 16, 2021. Mining stocks were the worst performers, sinking 2.5% as the U.S. central bank’s comments lifted the dollar and dented commodity prices. Bank stocks were among the best performers for the day, adding 0.4% as bond yields rose on the Fed. While the figure was a shade above the European Central Bank’s target, the ECB has struck a different tone on policy than the Fed. European travel stocks rose 0.1% as Britain said it was considering allowing those who are double vaccinated against COVID-19 to enjoy a foreign holiday without intrusive red tape.
Persons: , Michael Hewson Organizations: Reuters, U.S . Federal, REUTERS, Staff, Bank, ECB, CMC, CureVac, COVID Locations: Frankfurt, Germany, U.S, Britain
(Reuters) -Gains in financial and industrial stocks lifted European shares on Wednesday, though the main equity index held off record highs on nervousness that the U.S. Federal Reserve could flag later in the day when it plans to start unwinding its stimulus. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 15, 2021. If gains hold until the end of the day, the index will mark its longest gaining streak in three-and-a-half years. “The street is heavily positioned with the Fed in the transitory indication corner,” said Jeffrey Halley, a market analyst at OANDA. EQT shares fell 0.6%, while the Spanish bourse was flat.
Persons: , Jeffrey Halley, Brent, EQT Organizations: Reuters, U.S . Federal, REUTERS, Staff, European Central Bank, U.S . Federal Reserve, Fed, OANDA, , Technology, SAP, Oracle Corp, Bank of England’s, EverArc Holdings, Solutions, Spanish bourse Locations: Frankfurt, Germany, Europe, lockdowns, Spanish
(Reuters) -European shares rose for an eighth straight session as optimism around a speedy economic recovery across the region lifted industrial stocks, while technology shares tracked an overnight jump in their U.S. peers. REUTERS/Staff/File photoThe pan-European STOXX 600 was up 0.4% in its longest winning streak in more than two years as investors also bet on global central banks keeping the stimulus taps open. On Tuesday, government bond yields in the bloc traded in narrow ranges, with investors awaiting the first bond issuance backing the EU recovery fund. European industrial stocks, which are poised to benefit from an economic rebound, were up 0.9%, while technology shares rose about 1% after the tech-heavy Nasdaq ended Monday at a record high. London’s FTSE 100 gained 0.4% as the UK posted a record jump in the number of employees on company payrolls in May as COVID-19 restrictions eased.
Persons: , Charalambos Pissouros, Germany’s DAX, Sweden’s, Bellway Organizations: Reuters, REUTERS, Staff, U.S, U.S . Federal, JFD, European Central Bank, Nasdaq, payrolls, Standard Finance Locations: Frankfurt, Germany, U.S .
(Reuters) -European shares rose for an eighth straight session on Tuesday, driven by optimism over an economic recovery this year, but gains were limited as investors hunkered down ahead of the Federal Reserve’s two-day policy meeting. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 14, 2021. Dovish signals from the European Central Bank on tightening policy have brightened the near-term outlook for risk-driven assets in the continent, along with continued hopes that a steady vaccination program will drive an economic recovery this year. Focus this week will be on the U.S. Federal Reserve’s two-day policy meeting starting Tuesday, where investors will be looking for insight on whether the central bank has begun discussing tapering bond purchases and if policymakers are concerned about rising inflation. Germany’s DAX ended just below all-time highs as data showed consumer prices rose 0.5% month-on-month in May, in line with economists’ expectations.
Persons: , Charalambos Pissouros, Germany’s DAX, Boris Johnson, Sweden’s Organizations: Reuters, Federal, REUTERS, Staff, European Central Bank, U.S, U.S . Federal, JFD, UK, payrolls Locations: Frankfurt, Germany, U.S ., United States, Polish
(Reuters) -European shares hit a record high on Monday as investors bet on global central banks sticking to an accommodative stance on monetary policy even as the post-pandemic economic recovery gathers pace. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 11, 2021. REUTERS/StaffThe pan-European STOXX 600 was up 0.3% after ending Friday with its fourth consecutive weekly gain. “If central banks start to lay out a path that involves a withdrawal of stimulus, markets could get spooked. British outsourcer Serco Group jumped 3.8% after raising its 2021 profit outlook on expectations of stronger demand for its COVID-19 services.
Persons: Germany’s DAX, , Michael Hewson, Christine Lagarde Organizations: Reuters, REUTERS, Staff, European Central Bank, U.S, , CMC, Serco, Philips Locations: Frankfurt, Germany, U.S . Federal
(Reuters) -European shares ended at a record high on Monday as energy stocks surged on strength in the oil market, while expectations of accommodative monetary policy grew even as a global economic recovery picked up speed. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 11, 2021. REUTERS/StaffThe pan-European STOXX 600 rose 0.2% to a record-high close of 458.32 points. Energy stocks were the best performers, surging 2% as oil prices surged to an over two-year peak on expectations of strong global demand this year. German software developer Teamviewer AG jumped 5.9% to near the top of the STOXX 600, after it announced a partnership with software giant SAP.
Persons: Shell, , Chris Beauchamp, Germany’s DAX, Michael Hewson Organizations: Reuters, REUTERS, Staff, Energy, Royal, IG, European Central Bank, U.S, CMC, ECB, Teamviewer, Philips Locations: Frankfurt, Germany, Iran, U.S . Federal
UK stocks muted ahead of ECB meeting, U.S. inflation data
  + stars: | 2021-06-10 | by ( Sagarika Jaisinghani | ) www.reuters.com + 0.00   time to read: +2 min
REUTERS/Peter Nicholls/File photoLondon-listed stocks were subdued in early trading on Thursday as investors turned to a European Central Bank policy meeting and U.S. inflation data for cues on whether global central banks could start tapering monetary policy sooner than expected. The export-heavy FTSE 100 (.FTSE) rose 0.2%, tracking small gains in Asian stocks, while the mid-cap FTSE 250 (.FTMC) was down 0.3%. read morePersonal goods (.FTNMX402040) and insurance (.FTNMX303020) stocks were also among the biggest gainers by 0740 GMT. "There's a sense of every man for himself ahead of the U.S. inflation data this evening, a data point that has left markets in limbo," said Jeffrey Halley, a market analyst at OANDA. The ECB is expected to keep its policy guidance unchanged and publish updated euro area macroeconomic projections at its policy meeting later in the day.
Persons: Peter Nicholls, Jeffrey Halley, Patrick Drahi's Organizations: London Stock Exchange, REUTERS, European Central Bank, Pharmaceutical, AstraZeneca, ECB, CMC, BT, Thomson Locations: London, Britain, Scotland
A person walks past a GameStop in the Manhattan borough of New York City, New York, U.S., January 29, 2021. Worries that other companies could leverage recent stock price gains by announcing share sales may be rippling out to the broader meme stock universe, said Jack Ablin, chief investment officer at Cresset Capital. "It appears that other companies, like GameStop, are hoping to follow AMC’s lead by issuing shares and otherwise profit from the meme stocks run-up,” Ablin said. GameStop will likely sell all 5 million new shares but that amount only represents a “modest” dilution of 7%, Wedbush analysts wrote. In the past two weeks, the so-called "meme stocks" have received $1.27 billion of retail inflows, Vanda Research said on Wednesday, matching their January peak.
Persons: Carlo Allegri, Jake Dollarhide, Jack Ablin, ” Ablin, Inc's, GameStop's, Vanda Organizations: GameStop, REUTERS, GameStop Corp, Longbow Asset Management, AMC Entertainment Holdings, Clover Health Investments Corp, Geo Group Inc, AMC, Cresset, , Wedbush Securities, U.S . Securities, Exchange Commission, Vanda Research, Thomson Locations: Manhattan, New York City , New York, U.S
Meme stocks got the name because their explosion in trading volume stems from interest and promotion on social media. Some Wall Street banks, including Bank of America Corp, Citigroup Inc and Jefferies Financial Group LLC, have tightened their rules for who can bet against some meme stocks, Bloomberg reported Friday, citing people familiar with the moves. read moreSECOND SHARE OFFERINGMeanwhile, several AMC executives on Friday reported personal stock sales totaling more than 88,0000 shares after the close of trading. "We expect significant volatility in shares of AMC to continue, driven by trading momentum unrelated to AMC's fundamentals," Reese said. Shares of meme stocks GameStop and Koss Corp (KOSS.O) were down 3.8% and 12.6%, respectively.
Persons: Dennis Dick, Ihor Dusaniwsky, Carlo Allegri Read, Ameritrade, Alicia Reese, Reese, Organizations: AMC Entertainment, AMC, Bright Trading, GameStop, S3 Partners, Bank of America Corp, Citigroup Inc, Jefferies Financial, Bloomberg, REUTERS, AMC Entertainment Holdings, BlackBerry, Koss Corp, Thomson Locations: Manhattan, New York City , New York, U.S
European shares pause near record highs
  + stars: | 2021-04-13 | by ( Sagarika Jaisinghani | Susan Mathew | ) www.reuters.com + 0.00   time to read: +2 min
(Reuters) -European shares hovered just below all-time highs on Tuesday, little changed by U.S. inflation data that suggested the Federal Reserve’s accommodative policy stance would remain intact. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 7, 2021. Luxury and other consumer stocks led gains on the STOXX 600, followed by technology stocks. The STOXX 600 has also lagged a recovery in its U.S. counterpart due to a slow vaccination rollout and a new wave of coronavirus infections on the continent. European earnings will kick into higher gear later in April and analysts expect a 47.4% jump in earnings for STOXX 600 companies, according to Refinitiv IBES data.
Persons: we’ve, , Fiona Cincotta, Johnson, ” Cincotta, Dustin Organizations: Reuters, REUTERS, Staff, U.S . Federal Reserve, Index, U.S, JPMorgan Chase &, Goldman Sachs, JD Sports Locations: Frankfurt, Germany, United States, Europe, Brexit, Swedish, Benelux
(There will be no EMEA-focused emerging market report on Friday and Monday on account of Easter holidays. A basket of emerging market equities jumped about 1.1% to a one-week high as data from Asia, Russia and Turkey showed a pickup in factory activity last month, although rising costs are creating new challenges for businesses. The MSCI index of emerging market currencies , on the other hand, was down 0.1% by 0730 GMT after ending Wednesday with its steepest monthly fall since the global financial market meltdown in March 2020. The oil-linked Russian rouble fell 0.2% ahead of a meeting of OPEC and its allies later on Thursday to decide on maintaining production cuts amid a resurgence in COVID-19 infections in some regions. For GRAPHIC on emerging market FX performance in 2021, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see tmsnrt.rs/2OusNdXFor TOP NEWS across emerging marketsFor CENTRAL EUROPE market report, seeFor TURKISH market report, seeFor RUSSIAN market report, see
Persons: pare, Alexey Pogorelov, Antje Organizations: Reuters, ” Credit, CENTRAL Locations: Asia, Russia, Turkey, U.S
The MSCI index of emerging market currencies was up about 0.1% by 0800 GMT, but was still on track to end the month down about 1.1%, its biggest percentage decline since the coronavirus-driven crash in March last year. High-yielding currencies in the region have come under pressure from a rising dollar, as strong U.S. macroeconomic data and inflation concerns have pushed bond yields to one-year highs. The currency has been volatile this week, with a patchy recovery reflected in local economic data and a slow roll-out of vaccines stifling demand. A basket of emerging market stocks fell about 0.4% and was on track to end March with losses of about 1.9% - its biggest monthly decline since March 2020, shrugging off data showing China’s manufacturing activity expanded at the quickest pace in three months. For GRAPHIC on emerging market FX performance in 2021, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see tmsnrt.rs/2OusNdXFor TOP NEWS across emerging marketsFor CENTRAL EUROPE market report, seeFor TURKISH market report, seeFor RUSSIAN market report, see
Persons: Joe Biden’s, Sahap Kavcioglu, ” Patrick Curran Organizations: Lira, Reuters Global Markets, CENTRAL Locations: U.S, Russian
The lira was down about 0.7% at 8.28 versus the dollar, sliding for a fourth straight session and inching closer to a record low of 8.58 hit in November. The currency crashed about 10% last week as the appointment of Sahap Kavcioglu, a critic of high interest rates, as central bank governor sparked fears that he would reverse a series of recent rate hikes to tackle high inflation. The MSCI index of emerging market currencies edged lower to approach levels last seen in early March as the dollar firmed on the back of a rise in U.S. bond yields. Still, the MSCI index was set for its first monthly decline in six after a sell-off in the bond market hit global equities. For GRAPHIC on emerging market FX performance in 2021, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see tmsnrt.rs/2OusNdXFor TOP NEWS across emerging marketsFor CENTRAL EUROPE market report, seeFor TURKISH market report, seeFor RUSSIAN market report, see
Persons: Sahap, , Tayyip Erdogan Organizations: Lira, Russell, WGBI, Deutsche Bank, Moscow, HSBC, CENTRAL Locations: Turkey, Russian, China, U.S, Europe
“We expect inflationary pressures to remain elevated in the coming months and do not see scope for an interest rate cut,” Abu Dhabi Commercial Bank economists Monica Malik and Thirumalai Nagesh wrote in a research report. “However, given the political influence in (central bank) decision-making, a rate cut cannot be ruled out.”The MSCI index of emerging market currencies eased about 0.2% and was nearing its lowest level since early March. A basket of emerging market stocks rose about 0.1% after ending Friday with its second straight weekly decline. Borsa Istanbul said the uptick rule on short sales would be extended through Monday, as it sought to stabilise stock markets that slumped nearly 10% last week following the central bank shake-up. For GRAPHIC on emerging market FX performance in 2021, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see tmsnrt.rs/2OusNdXFor TOP NEWS across emerging marketsFor CENTRAL EUROPE market report, seeFor TURKISH market report, seeFor RUSSIAN market report, see (Reporting by Sagarika Jaisinghani in Bengaluru; Additional reporting by Marc Jones in London; Editing by Nick Macfie)
Persons: Kavcioglu, Monica Malik, Thirumalai Nagesh, , Chris Turner, Volodymyr Zelenskiy, Sagarika, Marc Jones, Nick Macfie Organizations: Abu Dhabi Commercial Bank, ING, Moscow, Borsa, Russell, Government, CENTRAL Locations: Istanbul, uptick, Abu Dhabi, Europe, Russian, U.S, Borsa Istanbul, Ukraine, Bengaluru, London
The Turkish lira eased to 7.9980 against the dollar after crashing 10% in its worst week since 2018, as President Tayyip Erdogan replaced a hawkish central bank chief with a critic of high interest rates. Emerging market stocks rebounded about 1.5% after hitting their lowest level this year on Thursday, but were still set for their second straight weekly decline, partly hit by volatility due to quarter-end rebalancing by institutional investors. Investors’ focus on Friday will be on a central bank policy meeting in Colombia, with the bank expected to leave the benchmark interest rate unchanged as inflation remains well below target. The Russian rouble firmed past 76 versus the dollar, heading away from 2021 lows touched two days ago, while South Africa’s rand rose 0.2%, a day after the central bank kept lending rates unchanged. For GRAPHIC on emerging market FX performance in 2021, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see tmsnrt.rs/2OusNdXFor TOP NEWS across emerging marketsFor CENTRAL EUROPE market report, seeFor TURKISH market report, seeFor RUSSIAN market report, see
Persons: Tayyip Erdogan, , Paul Muller Organizations: Argentine, Institute of International Finance, Mutual, Citadel Global, CENTRAL Locations: U.S, Brazilian, Colombia, Argentina
The high-yielding currency, which has also come under pressure this month from rising U.S. bond yields, was up about 0.5% before the rate decision. Focus turns to Mexico’s central bank policy outcome later in the day, with signs of quickening inflation raising expectations that the bank will hold interest rates. Earlier, the Philippine central bank kept key interest rates steady, balancing the need to support an economy facing renewed challenges from fresh coronavirus curbs with concerns about rising inflation. A basket of emerging market stocks slid to its lowest level this year, with Chinese and Hong Kong equities slipping as the U.S. securities regulator moved to impose measures that could de-list some Chinese firms from U.S. exchanges. For GRAPHIC on emerging market FX performance in 2021, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see tmsnrt.rs/2OusNdXFor TOP NEWS across emerging marketsFor CENTRAL EUROPE market report, seeFor TURKISH market report, seeFor RUSSIAN market report, see
Persons: Lesetja Kganyago, , Hussein Sayed, Tayyip Erdogan, Naci Organizations: South African Reserve Bank, CENTRAL Locations: Africa, Mexico’s, Philippine, Europe, Russian, Hong Kong
The rand was up about 0.2% against the dollar, rising for the first time in four days as the spillover from a central bank shake-up in Turkey faded. A basket of emerging market stocks slid to its lowest level this year, with Chinese and Hong Kong equities slipping as the U.S. securities regulator moved to impose measures that could de-list some Chinese firms from U.S. exchanges. The central bank is due to release its weekly data on forex reserves at 1130 GMT, although the figures cover the week ended March 20, before the market turmoil from the latest central bank shake-up. Later in the day, eyes will be on Mexico's central bank policy meeting, with signs of quickening inflation raising expectations that the bank will hold interest rates. For GRAPHIC on emerging market FX performance in 2021, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see tmsnrt.rs/2OusNdXFor TOP NEWS across emerging marketsFor CENTRAL EUROPE market report, seeFor TURKISH market report, seeFor RUSSIAN market report, see
Persons: , Elisabeth Andreae, , Hussein Sayed, Tayyip Erdogan Organizations: Africa’s Reserve Bank, Commerzbank, CENTRAL Locations: Turkey, Hong Kong, Europe, Russian
Total: 25