Latest Headlines

Most Asian currencies strengthen, S.Korean won leads gains

July 29 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0205 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous Pct day Move Japan yen 109.720 109.9 +0.16 Sing dlr 1.357 1.3559 -0.05 Taiwan dlr 27.975 28.005 +0.11 Korean won 1150.700 1154.6 +0.34 Baht 32.900 32.96 +0.18 Peso 50.350 50.22 -0.26 Rupiah
S

XM TV





Latest Research


Trade Ideas

SymbolSourceDirection

Market Sentiment

Symbol
Buy
Sell

Market Summary

News Feed

S.Korea stocks flat as investors await next catalyst

* KOSPI flat, foreigners net sellers * Korean won strengthens against U.S. dollar * South Korea benchmark bond yield rises SEOUL, July 29 (Reuters) - Round-up of South Korean financial markets: ** South Korean shares were flat in a range-bound trade on Thursday, as investor reaction to the outcome of the U.S. Federal Reserve's two-day policy meetin

Most Asian currencies strengthen, S.Korean won leads gains

July 29 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0205 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous Pct day Move Japan yen 109.720 109.9 +0.16 Sing dlr 1.357 1.3559 -0.05 Taiwan dlr 27.975 28.005 +0.11 Korean won 1150.700 1154.6 +0.34 Baht 32.900 32.96 +0.18 Peso 50.350 50.22 -0.26 Rupiah
S

China's assets remain attractive despite recent correction - state media

SHANGHAI, July 29 (Reuters) - China's state media on Thursday said yuan-denominated assets remain attractive and that short-term market panic does not represent long-term value, the latest official effort to shore up investor confidence. The verbal support for markets comes as brutal sell-offs in Chinese shares have prompted worries about a spillov

Sydney posts record daily 19 cases, police powers extended to enforce lockdown

(Recasts with new cases, quote from New South Wales premier) SYDNEY, July 29 (Reuters) - The COVID-19 Delta outbreak in Australia's biggest city Sydney grew by 239 cases on Thursday, the highest daily rise since the pandemic started, forcing authorities to increase police powers to shut down businesses not complying with lockdown measures. More tha

Vietnam Jan-July coffee exports drop 9.3% y/y, rice shipments fall 10.6%

HANOI, July 29 (Reuters) - Vietnam's coffee exports in the first seven months of the year are expected to register a drop of 9.3% from a year earlier to 953,000 tonnes, and rice exports will likely show a drop of 10.6%, government data released on Thursday showed. COFFEE Coffee exports from Vietnam are estimated to have fallen 9.3% in the first sev

Gold hits one-week high after Fed fails to signal taper timeline

July 29 (Reuters) - Gold prices rose to its highest level in over a week on Thursday after the U.S. Federal Reserve failed to give a timeline for its tapering plans and said it was "ways away" from considering raising interest rates. FUNDAMENTALS * Spot gold XAU= rose 0.5% to $1,815.56 per ounce by 0129 GMT, having earlier hit a peak since July 20
G
S

China, Hong Kong stocks rebound sharply as govt calms nerves

SHANGHAI, July 29 (Reuters) - China and Hong Kong stocks rebounded sharply in early trade on Thursday, led by tech shares, after the Chinese government moved to sooth investor panic over mounting regulatory risks. The CSI300 index .CSI300 rose 1.2% to 4,818.78 points at 0139 GMT, while the Shanghai Composite Index .SSEC gained 1.0% to 3,394.74 poin

Miners, tech firms boost Australia shares

July 29 (Reuters) - Australian shares rose on Thursday, as tech stocks and miners led the charge with Fortescue Metals gaining after record fourth-quarter shipments and firmer commodity prices helped the iron ore miner beat its annual forecast. The S&P/ASX 200 .AXJO was up 0.4% at 7,412.1 points, as of 1249 GMT. The index closed 0.7% lower on Wedne
A

Powell presses pause on dollar's rally; sterling surging

By Tom Westbrook SINGAPORE, July 29 (Reuters) - The dollar hovered around a two-week low on Thursday, weighed down by the latest insistence from Federal Reserve chairman Jerome Powell that rate increases aren't on the radar, while sterling has been riding higher with re-opening optimism. Overnight, the Fed first sounded confident about the economy
A
E
E
E
G
G
G
N
U
U

Oil prices slip but remain near $75 after large inventory drawdown

* EIA reports 4.1 million barrel U.S. crude inventories drop * Fed says economic recovery remains on track * COVID still devastating in the Americas, health agency says By Jessica Jaganathan SINGAPORE, July 29 (Reuters) - Oil prices slipped but remained near $75 per barrel on Thursday as crude stockpiles in the United States, the world's top oil co
O
B
B

Nok Airlines Announces Partial Suspension Of Operations Due To Force Majeure

July 29 (Reuters) - Nok Airlines PCL NOK.BK : * PARTIALLY SUSPENSION OF OPERATIONS DUE TO FORCE MAJEURE * COMPANY NEEDS TO PARTIALLY SUSPEND SOME BUSINESSES DUE TO FORCE MAJEURE FROM 1 AUGUST 2021 * WILL STILL OPERATE PARTIALLY FOR SOME ROUTES Source text for Eikon: ID:nSET8xRZza Further company coverage:

Financial Times - July 29

July 29 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - UK plans to use Commonwealth Games to boost trade and investment Link - Climate change 'already being felt' across UK, Met Office warns Link - Google to require Covid vaccines for wo
G

China's central bank will conduct bill swap of 5 bln yuan

BEIJING, July 29 (Reuters) - China's central bank said on Thursday that it would conduct a central bank bill swap on July 29. The bill swaps, with three-month tenor, were worth 5 billion yuan ($770.4 million), the People's Bank of China (PBOC) said in a statement on its website. The operation aims to improve the liquidity of perpetual bonds and sup

China regulator talks to investment banks to calm market jitters - sources

HONG KONG, July 29 (Reuters) - China's Securities and Regulatory Commission (CSRC) on Wednesday night held a meeting with executives of top global investment banks with an aim to calm financial markets nerves, people familiar with the matter told Reuters. The online meeting followed a brutal sell-off in shares of Chinese companies this week after i

New Zealand business confidence eases in July - ANZ survey

WELLINGTON, July 29 (Reuters) - New Zealand business sentiment eased in July but remained at robust levels, while inflation pressures continued to rise, an ANZ Bank survey showed on Thursday. The survey's headline measure showed a net 3.8% of respondents expected the economy to deteriorate over the year ahead. It compared with a 0.6% pessimism leve

Vale's second quarter buoyed by iron ore prices, hit by provisions

By Gram Slattery and Marta Nogueira RIO DE JANEIRO, July 28 (Reuters) - Brazilian iron ore miner Vale SA VALE3.SA presented mixed quarterly figures on Wednesday, helped by higher metal prices and strong sales but held back by rising freight costs and provisions related to the company's coal business. In a securities filing, Vale reported second-qua
V

British Business - July 29

July 29 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Singapore's sovereign wealth fund has joined forces with the Fortress-led consortium pursuing WM Morrison Supermarkets Plc MRW.L , giving the bidder more firepow
F
G
H
I
L

Wheat firms for 2nd day as dry weather hits U.S. spring crop

SINGAPORE, July 29 (Reuters) - Chicago wheat futures rose for a second straight session on Thursday, underpinned by a severe drought curbing yields of top quality U.S. spring wheat. Corn and soybean futures edged higher in early Asian trade. FUNDAMENTALS * The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 gained 0.7% at $6.93-
C
W
S

Tokyo's Nikkei share average opens up 0.51 pct

TOKYO, July 29 (Reuters) - Japan's benchmark Nikkei average .N225 opened up 0.51 percent at 27,722.61 on Thursday, while the broader Topix .TOPX gained 0.44 percent at 1,928.19.
J

Brazil's Vale slightly misses Q2 profit estimates

RIO DE JANEIRO, July 28 (Reuters) - Brazilian iron ore miner Vale SA VALE3.SA reported a second quarter net income of $7.586 billion on Wednesday, buoyed by higher metal prices and sales, but hit by increased maintenance and freight costs. Analysts polled by Refinitiv expected net income to come in at $7.67 billion during the quarter. Reporting by
V



Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.