After an underwhelming reaction from the dollar to confirmation of Jay Powell’s nomination as the next head of the Federal Reserve and the House Republicans’ tax plans, investors are looking ahead to the US jobs report for October.
Sterling climbed to the day’s high of $1.3079 after monthly data showed Britain’s dominant services sector grew by the fastest rate in six months.
The Bank of England’s rate rise didn’t come as much of a surprise to anyone, but with the increase essentially already priced in by markets in advance, much of the focus since the midday announcement has been around the cautious outlook on future rate rises.
China watchers had long suspected that Beijing would be more tolerant of bigger market moves after the Communist Party’s once-in-five-years congress ended last week – but the ferocity of the selloff in bonds and stocks took analysts by surprise.
Spokeswoman said executives’ exits are unrelated to misconduct such as market collusion, market manipulation or front-running.
The US Justice Department’s investigation into interest-rate manipulation at global banks is piercing the executive suite, with prosecutors scrutinizing the activities of senior Societe Generale officials, according to people familiar with the matter.
Is the availability of data and technology changing how the industry assesses execution quality?
Whether you’re a backer or a detractor, what’s not in doubt is bitcoin’s dizzying rally this year.
Jerome Powell has been nominated by President Donald Trump as the next chairman of the US Federal Reserve.
Swaps markets are global by nature, and proposed European Union rules that would fundamentally change the position of a bank’s derivatives counterparties in the event of its failure have inevitably triggered fears over the competitive position of EU dealers.
After a decade of flooding economies with money, key central banks next year will finally start turning off the tap.
The acquisition is expected to provide Cboe customers with an additional channel to access industry-leading data, analytics and trade execution tools across equity, options and futures markets worldwide.
FastMatch is opening a sales office in Greenwich, Connecticut.
GDAX says it wants to see ‘record of success’ before admitting risky digital coins.
The price of the digital currency bitcoin smashed through the $7,000 mark for the first time, a new milestone for the surging asset.
The Russian rouble weakened against the dollar despite high oil prices, reflecting the situation on other emerging markets, as investor focus shifted to US jobs data expected later.
The Australian dollar’s losses were the main event in an otherwise muted session for forex markets in Asia.