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Markets
Banks are bracing for a recession as Treasury yields surge
Bank stocks might be on pace for yearly losses as sharply higher interest rates take a toll, but the industry’s reserves are at the highest level in three…
US growth is good, but less good
Good morning. House Speaker Kevin McCarthy is out, throwing a wrench into the US political machine. Good timing for Unhedged: tomorrow we will do the first of three weekly…
USD/JPY: There are fundamental reasons for an upward trend – Commerzbank
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USD/JPY hit the 150 mark, triggering a knee-jerk reaction…
Explainer-What Macron means when he says he wants to ‘take back control’ of French power prices
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© Reuters. FILE PHOTO: Electricity pylons of high-voltage electrical power lines are seen in Bouchain, France, August 1, 2023. REUTERS/Pascal Rossignol/File Photo
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Kevin McCarthy ousted as House speaker: Here’s who could replace him
Kevin McCarthy has been ousted as speaker of the House of Representatives, and he said Tuesday night that he won’t try to reclaim his post. So who might…
Japan’s central bank buys $12.7bn of bonds as yields hit highest in a decade
Receive free Japanese government bonds updatesWe’ll send you a myFT Daily Digest email rounding up the latest Japanese government bondsnews every morning.Japan’s central bank made…
USD/CAD trades higher near 1.3710 on market caution, downbeat Crude prices
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USD/CAD strengthens due to the Fed’s hawkish tone on…
Arizona to cancel leases allowing Saudi-owned farm access to state’s groundwater
WASHINGTON — Arizona governor Katie Hobbs said this week her administration is terminating state land leases that for years have given a Saudi-owned farm…
GBP/USD could see 1.2000 revisited in the near term – UOB
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Markets Strategist Quek Ser Leang and Senior FX Strategist…
Zinc prices to hold steady amid global supply surplus
China's property crisis in the last quarter has been a significant factor in the fluctuation of zinc prices, which have seen a drop from $3,100 to $2,500 a tonne. As of…