The yen fell by well over 1 percent against the dollar on Monday as Japan’s stocks jumped, after the country’s ruling coalition won a landslide victory in upper house elections, boosting hopes for more monetary stimulus.
- Japan’s ruling bloc wins landslide in upper house election – Reuters
- Election strengthens LDP as opposition flounders; Abe says talks to begin on constitutional revision – The Japan Times
- Abe easily wins Japan upper house election but more fiscal stimulus is needed to prop up economy – CNBC
The pound posted a third week of declines spurred by the Brexit vote, winning itself the title of 2016’s worst performer among major currencies.
- BoE set to cut rates to avert predicted Brexit slowdown – Financial Times (subscription)
- UK’s Osborne to urge U.S. investors to stick with Britain outside EU – Reuters
- Brexit: Breaking Up Amicably Is Hard to Do – WSJ (subscription)
- Brexit Adds to Pension Funds’ Pain – WSJ (subscription)
- Don’t Bet on a U.K. Export Boom After Sterling’s Plunge – WSJ
Prime Minister Malcolm Turnbull has declared victory in the federal election, saying it is vital for the nation that all sides of politics work together to make this term of parliament work.
Hillary Clinton is ahead of Donald Trump by an average of five percentage points nationally, recent polls suggest. But both campaigns — just like all campaigns in earlier years — are hoping and praying that “independent” and “undecided” voters (who aren’t necessarily the same) can be persuaded to swing their way.
The British government must consult Parliament before any decision is made to leave the European Union, more than 1,000 lawyers will urge U.K. Prime Minister David Cameron.
Eugene Gourevitch, a 39-year-old Berkeley-educated finance whiz, spends his days working in the library in a federal prison in Montgomery, Alabama. He’s serving a five-year sentence for wire fraud related to insider trading.
Thomson Reuters has added EBS to its post-trade network, Thomson Reuters Trade Notification (TRTN), which will enable EBS to offer complete straight through processing to its clients.
Invesco Ltd.’s large U.K. presence has bruised the company’s stock in the wake of the Brexit vote.
Deutsche Börse AG on Sunday said it is considering lowering the approval threshold for its proposed €25 billion ($27.63 billion) merger with London Stock Exchange Group PLC, confirming an earlier report from The Wall Street Journal.
June’s strong job report probably won’t change the Federal Reserve’s decision on when to raise interest rates, said Bill Gross of Janus Capital Group Inc.
Chinese investors are placing increasing bets on Hong Kong stocks, partly in search of a safe haven from the decline in the yuan, which fell last week to its lowest levels against the dollar since 2010.
Marco Streng is a miner, though he does not carry a pick around his base in south-western Iceland. Instead, he keeps tens of thousands of computers running 24 hours a day in fierce competition with others across the globe to earn bitcoins.
Japan’s biggest bond bulls, seasoned by two decades of economic stagnation, say the plunge in yields below zero in Tokyo foreshadows record-breaking gains for U.S. Treasuries.