Aug 5, 2024 | Markets
Funding currencies the yen and yuan surge on short-covering Mexican peso retreats as pressure returns on EM currencies An unwinding of global carry trades is helping to jolt markets around the world. The yen and yuan pushed higher Monday, while the Mexican peso...
Aug 5, 2024 | Markets
Pressure to liquidate gold positions to cover margin calls The yellow metal was down by as much as 3.2% earlier on Monday Gold plunged on Monday as traders assessed the implications of a major global stock rout. Spot bullion fell as much as 3.2%, the biggest single...
Aug 5, 2024 | Markets
Morgan Stanley’s Wilson says markets exposed to slowing growth Wilson, JPMorgan’s Matejka see defensive stocks outperforming The US stock plunge is vindicating some of Wall Street’s most prominent bears, who are doubling down with warnings about risks from an economic...
Aug 5, 2024 | Markets
July registrations show no signs of recovery after subsidy cut Carmakers cut back production as EV demand disappoints Germany’s electric-vehicle sales slumped in July, extending a broad pullback since incentives ended late last year and undermining automakers’ plans...
Aug 5, 2024 | Markets
Investors appear convinced that inflation is being tamed Central bank has left rates unchanged for four straight months Turkey’s headline inflation likely saw the sharpest drop in nearly two years in July, a slowdown largely due to base effects that officials may...
