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Rupee flat before Fed Chair Powell's speech, could drop to 83/USD

INDIA RUPEE-Rupee flat before Fed Chair Powell's speech, could drop to 83/USD By Nimesh Vora MUMBAI, Feb 7 (Reuters) - The Indian rupee was barely changed against the dollar on Tuesday, ahead of Federal Reserve Chair Jerome Powell's speech that will draw extra scrutiny on the back of an upbeat U.S. jobs report. The rupee INR=IN was at 82.7325 to the U.S.

India stocks, rupee, swaps, call at 10.00 a.m. IST

RPT-SNAPSHOT-India stocks, rupee, swaps, call at 10.00 a.m. IST . MUMBAI, Feb 7 (Reuters) - STOCKS: The benchmark BSE Sensex .BSESN fell 79.92 points, or 0.14%, to 60,426.99, while the broader NSE index .NSEI lost 26.7 points, or 0.15%, to 17,737.9. Tata Steel and Hindalco were the biggest losers while Adani Enterprise and Adani Ports were the top winners.

India stocks, rupee, swaps, call at 10.00 a.m. IST

SNAPSHOT-India stocks, rupee, swaps, call at 10.00 a.m. IST MUMBAI, Feb 7 (Reuters) - STOCKS: The benchmark BSE Sensex .BSESN fell 79.92 points, or 0.14%, to 60,426.99, while the broader NSE index .NSEI lost 26.7 points, or 0.15%, to 17,737.9. Tata Steel and Hindalco were the biggest losers while Adani Enterprise and Adani Ports were the top winners.

China issues heavy fog warnings, some shipping suspended

China issues heavy fog warnings, some shipping suspended BEIJING, Feb 7 (Reuters) - China issued dangerous heavy fog warnings for many regions and shipping was suspended in the Qiongzhou Strait, an important economic transport hub near Hainan , according to state and local media on Tuesday. Video footage and pictures from social and local media showed thick fog in several cities with visibility of less than seven metres (20 feet) in some areas, according to Chinese meteorological forecasters.

African Markets - Factors to watch on Feb 7

African Markets - Factors to watch on Feb 7 NAIROBI, Feb 7 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - - EVENTS: GHANA - The deadline for Ghana's bondholders to agree to a domestic bond exchange program worth about $10.5 billion.
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Thai shippers retain export growth outlook of 1-2% this year

UPDATE 1-Thai shippers retain export growth outlook of 1-2% this year Adds details, outlook BANGKOK, Feb 7 (Reuters) - Thailand's exports are likely to grow 1% to 2% this year, unchanged from a previous forecast, due to slowing global demand, the country's shippers' council said on Tuesday. Shipments, a key driver of economic growth, also face high currency volatility, Chaichan Chareonsuk, chair of the Thai National Shippers' Council, told a news conference.

Factors to watch - February 7

MIDEAST - Factors to watch - February 7 DUBAI, Feb 7 (Reuters) - Here are some factors that may affect Middle East stock markets on Tuesday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Asia stocks steady, dollar strong as markets reassess rates outlook MKTS/GLOB * Oil ris

India's Tata Steel sees worst day in 6 weeks after Q3 loss

BUZZ-India's Tata Steel sees worst day in 6 weeks after Q3 loss ** Shares of Indian metal major Tata Steel TISC.NS fall as much as 4.21% to 112.50 rupees - their lowest in over a month ** Co sees sharpest intraday pct decline since Dec 23, 2022 ** Top loser in Nifty Metal index .NIFMETAL ** TISC posted a consol loss of 25.02 bln rupees ($302.74 million) in Q3, vs a profit of 95.98 bln rupees a year ago ** Consol total rev from ops slid to 570.84 bln rupees from 607.83 bln rupees ** "Recession co

Bond yields little changed as traders await supply, RBI decision

INDIA BONDS-Bond yields little changed as traders await supply, RBI decision By Dharamraj Dhutia MUMBAI, Feb 7 (Reuters) - Indian government bond yields were largely unchanged on Tuesday, ahead of the state debt sale later in the day and the Reserve Bank of India's (RBI) decision due on Wednesday. The benchmark 10-year yield IN072632G=CC was at 7.3172 % as of 10:00 a.m., after closing higher at 7.3197% on Monday.

India's Petronet LNG seeking additional LNG from Qatar, CEO says

India's Petronet LNG seeking additional LNG from Qatar, CEO says BENGALURU, India, Feb 7 (Reuters) - India's top gas importer Petronet LNG is seeking additional Liquified Natural Gas (LNG) of 0.75 to one million tonnes per annum (mtpa) from Qatar, the company's Chief Executive A.K. Singh said on Tuesday. PNG was also hoping to get an extra 0.6 mtpa from Australia's Gorgon project in 2025-26, Singh said during the India Energy Week conference.

China's yuan off one-month low on signs of de-escalation in Sino-U.S. tensions

China's yuan off one-month low on signs of de-escalation in Sino-U.S. tensions SHANGHAI, Feb 7 (Reuters) - China's yuan edged higher on Tuesday from a one-month low against the dollar hit a day earlier, supported by signs of de-escalation in Sino-U.S. tensions. Currency traders said market sentiment improved as both Beijing and Washington appeared to show willingness to de-escalate after U.S.
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Australian dollar climbs as RBA hikes, sounds hawkish on outlook

Australian dollar climbs as RBA hikes, sounds hawkish on outlook By Wayne Cole SYDNEY, Feb 7 (Reuters) - The Australian dollar jumped on Tuesday after the country's central bank hiked interest rates for a ninth straight policy meeting and said "further increases" would be needed, a more hawkish outlook than many had expected. The Aussie was up 0.8% at $0.6938 AUD=D3 , recouping all of an overnight fall but still short of last week's eight-month peak of $0.7158. The New Zealand dollar added 0.3%
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Vanguard Australia's pension fund chief resigns

Vanguard Australia's pension fund chief resigns SYDNEY, Feb 7 (Reuters) - Vanguard Australia said on Tuesday the head of its pension business has decided to resign, nearly three months after leading the launch of a low-fee pension fund in Australia. Michael Lovett will leave the firm at the end of February, the world's second-largest fund manager said, without specifying a reason for his departure.

Indian shares rise ahead of RBI's rate decision; Adani stocks arrest slide

INDIA STOCKS-Indian shares rise ahead of RBI's rate decision; Adani stocks arrest slide Updates opening levels BENGALURU, Feb 7 (Reuters) - Indian shares rose on Tuesday, a day ahead of the Reserve Bank of India's monetary policy decision, in which the central bank is expected to pause its tightening cycle after a rate hike that the market has already baked in.

Resilient dollar pressures Asian FX as markets eye rate path

EMERGING MARKETS-Resilient dollar pressures Asian FX as markets eye rate path Malaysian ringgit hits lowest since Jan. 19 Indonesia's rupiah and Philippine peso at more than two-week low Philippine Jan CPI at fresh 14-year high of 8.7% By Upasana Singh Feb 7 (Reuters) - The Malaysian ringgit led losses among Asian emerging currencies on Tuesday, as markets weighed hawkish signals from global central banks and considered the likelihood of further interest rate hikes.
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Australia, New Zealand talk up their relationships with China

Australia, New Zealand talk up their relationships with China By Lewis Jackson SYDNEY, Feb 7 (Reuters) - Australia and New Zealand talked up their relationships with China at a joint prime ministerial news conference on Tuesday in the latest sign of strengthening ties with their biggest trading partner. Prime Minister Anthony Albanese and his counterpart Chris Hipkins said they discussed climate change, security, migration and the economy at their meeting in Canberra on Tuesday, the first since

Resilient dollar pressures Asian FX as markets eye rate path

EMERGING MARKETS-Resilient dollar pressures Asian FX as markets eye rate path Malaysian ringgit hits lowest since Jan. 19 Indonesia's rupiah and Philippine peso at more than two-week low Philippine Jan CPI at fresh 14-year high of 8.7% By Upasana Singh Feb 7 (Reuters) - The Malaysian ringgit led losses among Asian emerging currencies on Tuesday, as markets weighed hawkish signals from global central banks and considered the likelihood of further interest rate hikes.
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Philippine stock rally losing steam on inflation worries

Philippine stock rally losing steam on inflation worries By Patturaja Murugaboopathy and Rae Wee Feb 7 (Reuters) - After a robust start to the year, the Philippine stock market is losing steam, as investors worry rising inflationary pressures and higher interest rates will crimp profit growth and cap stock prices. The Philippine stock index .PSI has been one of the beneficiaries of China dismantling its zero-COVID curbs in late 2022, with the index up 20% in the past four months on optimism arou

Dollar pauses bullish run; Aussie jumps after RBA rate decision

FOREX-Dollar pauses bullish run; Aussie jumps after RBA rate decision By Rae Wee SINGAPORE, Feb 7 (Reuters) - The dollar eased on Tuesday from its rally at the start of the week, but hovered near a one-month peak as traders raised their forecasts of U.S. Federal Reserve interest rate levels needed to tame inflation. The Australian dollar, meanwhile, surged in the aftermath of the Reserve Bank of Australia's (RBA) interest rate decision, rising as much as 1% to an intra-day high of $0.6952. The R
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Australia c.bank raises rates to decade-high, warns more to come

UPDATE 2-Australia c.bank signals more tightening ahead after hiking rates to decade-high Adds graphics, economic and policy context By Stella Qiu SYDNEY, Feb 7 (Reuters) - Australia's central bank raised its cash rate 25 basis points to a decade-high of 3.35% on Tuesday and reiterated that further increases would be needed, a more hawkish policy tilt than many had expected.



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