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China weakens renminbi for record 11th straight day
Markets

China weakens renminbi for record 11th straight day

China has weakened the renminbi’s trading band for a record 11th straight day, taking its currency to an eight-year low as expectations of US interest rate rises buoyed the dollar against the region’s currencies.…

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Market euphoria rests on more than stimulus
Markets

Market euphoria rests on more than stimulus

The market interpretation of the US election result can be expressed in just three letters, repeated several times: “USA! USA! USA!”…

Swaps industry baulks at gutting Dodd-Frank
Markets

Swaps industry baulks at gutting Dodd-Frank

For much of the last decade the derivatives industry has been caught in the gravitational pull of the Dodd-Frank act, the…

Excess North Sea oil seen as capping price
Markets

Excess North Sea oil seen as capping price

November 17, 2016 by: Anjli Raval, Oil and Gas Correspondent Worries are growing that a build-up of unsold oil off the…

Trump trade gives ECB room for manoeuvre
Markets

Trump trade gives ECB room for manoeuvre

Amid all the attempts to guess what Donald Trump’s election means for Europe’s trade, security and populist politicians, one conclusion stands…

Equities subdued as dollar advance stalls
Markets

Equities subdued as dollar advance stalls

Thursday 08:30 GMT. European and US equity gauges are subdued as government bond yields dip from multi-month highs and the dollar…

Inflation expectations overtake decade high
Markets

Inflation expectations overtake decade high

Global investor expectations of inflation have surged to their highest level in more than a decade, according to a survey of…

Markets

Dollar index hits 13-year high

The trade-weighted dollar has hit its highest level since the day US forces closed in on the capture of Saddam Hussein…

Trump effect ripples east and west
Markets

Trump effect ripples east and west

At the end of last week, the Reserve Bank of New Zealand cut interest rates. It could yet prove the last…

Corporate bond sell-off tests investor appetite
Markets

Corporate bond sell-off tests investor appetite

A sell-off reverberating through sovereign bond markets tested investor appetite on Monday for a multibillion-dollar corporate bond sale, as money managers…

US steel producers join Trump rally
Markets

US steel producers join Trump rally

With US president-elect Donald Trump’s governing priorities slowly starting to take shape, the US steel industry emerged on Monday as one…

Trump turbocharges rebound for US bank stocks
Markets

Trump turbocharges rebound for US bank stocks

US bank shares have staged the sharpest recovery rally since Wall Street emerged from the financial crisis in 2009, underlining the…

Copper records best week in five years
Markets

Copper records best week in five years

Copper recorded its best week in five years as speculators scrambled to reverse bearish bets following the election of Donald Trump…