Risk-Off Friday north Overview: The sharp fall in global equities after the stunning reversal in the US yesterday is the main development today. The largest markets in the Asia Pacific region fell more than 2% today. Europe's Stoxx 600 is off more than 1%. It is selling off for the sixth session in the past seven. [...]
Budget 2025: Seizing the opportunity of digital assets north With the UK Chancellor set to deliver the 2025 Budget, the government faces a defining moment: Beyond the headlines about tax and spending, this Budget carries wider significance for Britain’s long-term competitiveness.
Euro Stabilizes above $1.15, while the Yen Remains Vulnerable north Overview: The US dollar is little changed against most of the G10 currencies as the North American session is about to get underway. There were some follow-through greenback gains after yesterday's advance but limited. The dollar's rally against the yen continued. It reached almost JPY157.80 [...]
The Japanese Yen Continues to Fall north Overview: The US dollar is firmer today. It has reached a new ten-month high against the yen, a little above JPY156 and the euro saw a five-day low near $1.1565. Emerging market currencies are mixed. The PBOC set the dollar's reference rate at a new high for the month. The news stream is [...]
Equities Wish it were Turn Around Tuesday as Rout Continues and No Relief for the Yen north Overview: A sell-off in equities is continuing while the foreign exchange market is quiet with the greenback confined mostly to narrow ranges. It is firmer against most currencies, though the dollar bloc is the most resilient today. The dollar reached a new nine-month high against the yen. [...]