The attacks in the Belgian capital on Tuesday are unlikely to have a long-term impact on markets, but they could result in new roadblocks to cross-border commerce and lend momentum to Euro sceptics, analysts told CNBC. European stocks were under pressure but had come off their lows following deadly attacks at Brussels main airport and on the city’s metro system. U.S. equities were mixed by late morning.
- Dollar Rises as Risk Appetite Returns After Brussels Attacks – Reuters
- Yen and Swiss franc gain as Brussels explosions spur safety flows – Reuters
- Pound Falls on Fears of Anti-EU Backlash After Brussels Attacks – The Wall Street Journal (subscription)
China’s foreign exchange regulator has queried fund managers who invest abroad about use of their foreign currency quotas and clients’ demand for overseas products, sources told Reuters, reflecting lingering government concern over capital outflows.
The U.S. central bank has become so cautious about raising interest rates at even a moderate pace that the once-fringe preference of one of its most dovish policymakers for super-slow interest-rate increases has gone mainstream.
Confidence at Japanese manufacturers eased in March and is seen unlikely to change much over the next three months, a Reuters poll showed on Wednesday, in a sign that yen gains and slowing growth in China and emerging markets are hurting exporters.
Oil-rich countries in the Gulf Cooperation Council are unlikely to abandon their decades-old currency pegs to the U.S. dollar even as a slump in oil prices puts a $250 billion squeeze on the region’s finances, according to Moody’s Investors Service.
There were no secret backroom agreements at the Group of 20 (G-20) meeting in Shanghai to manage the exchange rate between the dollar and renminbi, the deputy managing director of the International Monetary Fund (IMF) told CNBC, rebuffing reports of a deal.
Increasingly, central bankers, economists and market watchers are discussing the pros and cons of what’s called helicopter money, a 47-year old idea that posits a way to kickstart an economy through dropping money on its citizens.
Europe’s top markets regulator has said that it will start work immediately on amending key Mifid II rules that were sent back to it for revision earlier in March, but warned that proper procedure is not being followed.
FX Connect will integrate Cürex Group’s ECN into its platform, the firms announced yesterday.
The financial institutions group is a unit at the investment bank that provides advice to other banks and insurance companies.
Some of the biggest shareholders of Deutsche Boerse AG are cautioning management not to overpay for London Stock Exchange Group Plc if a counteroffer emerges, according to people familiar with the matter.
Electronic FX aggregator and distributor Edgewater Markets announced yesterday that it has raised a $30 million growth equity minority investment.
Credit Suisse Group AG plans to eliminate an additional 2,000 jobs this year and deepen cuts at the investment bank, five months after Chief Executive Officer Tidjane Thiam announced an overhaul of the Swiss lender.
Markets are still reeling from the aftermath of last week’s FOMC meeting; that the sharp sweeping sell-off in the USD was overstated to say the least and we look for a data-driven correction over a 1M horizon. Yet, the lack of key US data releases this week means that any meaningful USD recovery could be delayed until clearer domestic signals arise.
Citibank is predicting India’s rupee will hold much of the gains from what looks set to be its best month in two years.
CME Group, the world’s leading and most diverse derivatives marketplace, in its capacity as joint administrator and calculation agent for the LBMA Silver Price, and Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced the implementation of new measures to further enhance and develop the LBMA Silver Price Benchmark, based on ongoing consultation with participants and approval of the independent Oversight Committee.
FOW: Derivatives World, 12-13 April in Hong Kong
FX Week FX Invest North America, 12 April in Boston, MA
Profit & Loss Forex Network London, 14 April in London, UK
Profit & Loss Latin America, 20 April in Mexico City
ACI World Congress 2016 – Indonesia, 26-30 April, Jakarta
Eurofinance: Asia Treasury, 18-20 May in Singapore
Profit & Loss Forex Network New York, 26 May, New York City
FIA: IDX 2016, 7-8 June in London, England
Profit & Loss Scandinavia, TBD September, Copenhagen
Profit & Loss Forex Network Chicago, 28-29 September, Chicago, IL
Sibos 2016, 26-29 September in Geneva, Switzerland
FIA: Expo, 18-20 October in Chicago, IL