Market Pulse - Currencies
Caixin China factory sector PMI drop sharply in September
Manufacturing sector activity in the People's Republic of China slowed to its weakest in a year last month according to the results of a key survey, amid a sharp decline in overseas demand and concerns over global trade spats.
Danish police shut off access to Copenhagen
Danish police cut off access to the island of Zeland, where the country's capital, Copenhagen, is located, as part of a major police operation.
FX round-up: Pound dips after Fed, EM FX well-behaved
The pound finished the session slightly lower against the Greenback on Wednesday after Federal Reserve chief, Jerome Powell, delivered an upbeat message on the US economy.
Italian 2019 budget will reassure investors, Tria says
Italy's economy minister said on Tuesday Rome's 2019 budget law would reassure investors worried about the sustainability of the government's debt pile.
FX round-up: Pound bounces, Turkish lira and Russian rouble in focus
The pound bounced back at the start of the week even after - in what observers said was a challenge to the Prime Minister - Tory rebels published their alternative to her Brexit plan and despite a weak reading on a widely-followed survey of factory sector conditions.
SOVA Capital believes Bank of Russia's next move will be a rate cut
Central Bank of Russia's recent decision to hike rates does not foreshadow that more interest rate hikes lay ahead, analysts at Sova Capital said.
Russia hikes rates unexpectedly due to currency weakness, risk of further sanctions
Central Bank of Russia surprised financial markets on Friday, hiking its main interest rate in response to the recent overshoot of its inflation target on the back of weakness in the rouble and food price inflation, although Governor Elvira Nabiullina had reportedly flagged that possibility a week beforehand.
Turkish lira boosted as Pompeo lets slip Brunson could be released soon
The Turkish lira was boosted on Monday (USD/TRY -3. 2% on the day at 6. 09) as the US Secretary of State, Michael Pompeo, let slip that the administration would be holding talks with Turkey regarding the release of Pastor Brunson.
Volvo halts Iran truck operations over US sanctions
Carmaker Volvo has halted its truck assembly lines in Iran over US sanctions that are preventing it from being paid, a company spokesman said on Monday.
US Deputy Attorney General set to step down - Axios
US Deputy Attorney General, Rod Rosenstein, tendered his resignation to the White House on Monday, in the belief that President Donald Trump was set to dismiss him.
ECB expects 'relatively vigorous pick-up' in core CPI, Draghi says
Europe's single currency bounded higher in mid-afternoon trading on Monday, after European Central Bank chief, Mario Draghi, said that the stable outlook for headline consumer prices masked stronger underlying price pressures.
OECD warns against further protectionism, trims world GDP forecasts
The Organisation for Co-operation and Development has trimmed its forecasts for world growth for this year and next, cautioning that trade tensions, tighter financial conditions in emerging markets and political risks might further undermine "strong and sustainable" medium-term growth around the world.
Fund managers up cash, start to price in more hawkish Fed, BofA-ML says
Global fund managers topped up their holdings of cash and lowered their allocation to global equities, according to the results of Bank of America-Merrill Lynch's fund manager survey for the month of September, especially towards Emerging Markets and Europe.
FX round-up: Pound higher as speculators trim shorts
The pound was trading on the front foot at the start of the week, helped by news that speculators had pared their 'bearish' bets on 'cable', as traders call the exchange rate between the pound and the US dollar.
Week ahead: Global trade, Brexit, EMs still in focus
Investors will have little choice but to keep their eye on developments on multiple fronts over the coming week, with global trade talks between the US and China, or the lack thereof, likely to be the biggest driver of markets around the world.
US set to impose 10% tariff on $200bn of Chinese goods
The White House is set to announce new tariffs on as many as $200. 0bn-worth of Chinese-made goods, probably towards the start of the coming week.
FX round-up: Pound off on report from Brussels, Argentina peso and Brazil real lower
Sterling finished the session little changed but saw a sizeable amount of volatility as traders were forced to digest yet more sound bites on Brexit from the other side of the Channel, even as they monitored the headlines regarding the situation on global trade and emerging markets.
Germany in talks to join allies in possible military role in Syria
Germany is in talks with allies France, the UK and the US on joining a possible military deployment in Syria in the event that the Syrian government uses chemical weapons in Idlib, BILD reported.
Chinese export volumes hold up in August
China's global trade surplus narrowed last month, but widened against the US, with the latter taking some economists by surprise given the trade tariffs recently-imposed by Washington.
Venezuela accuses Washington of plotting to overthrow Maduro
Venezuelan foreign minister Jorge Arreaza has accused the White House of planning an intervention and backing military conspiracies on the back of a report that claims senior US officials had met with Venezuelan military officers to plot a coup.