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Federal Reserve

South Africa's rand rallies as reflation fears ease, stocks inch up
Markets

South Africa's rand rallies as reflation fears ease, stocks inch up

  • Rand was 1.23% firmer at 14.9000 per dollar, a touch softer than the session-high 14.8700, the unit's firmest level since March. 3.
  • Risk appetite has been driven by offshore events, with investors eyeing the speed of the global economic recovery and the pace of US lending rates.
Updated 11 Mar, 2021 10:04pm
US job growth beats expectations in February
World

US job growth beats expectations in February

  • Nonfarm payrolls surged 379,000 jobs last month after rising 166,000 in January, the Labor Department said on Friday. In December, payrolls fell for the first time in eight months.
  • Federal Reserve Chair Jerome Powell on Thursday offered an optimistic view of the labor market, but cautioned a return to full employment this year was "highly unlikely."
Published 05 Mar, 2021 09:20pm
Raw sugar recovers
Markets

Raw sugar recovers

LONDON: Raw sugar prices on ICE recovered on Thursday after hitting a one-month low as the dollar held strong and...
Published 05 Mar, 2021 05:17am
Euro zone bonds calm down as markets look to Powell
Markets

Euro zone bonds calm down as markets look to Powell

  • Yields are down from their highs this week, but pressure remains. US Treasury yields rose on Wednesday, alongside euro area government bond yields and UK gilts, pushing stock markets and other low-yielding safe assets lower on Thursday.
  • Italian bond yields were last unchanged, pushing up the gap between 10-year Italian and German yields a touch higher to around 104 bps.
Updated 04 Mar, 2021 09:53pm
US money markets bringing forward Fed rate hike bets to end-2022
Markets

US money markets bringing forward Fed rate hike bets to end-2022

  • Eurodollar futures contracts maturing in December 2022, were pricing in roughly 18 basis points worth of rate hikes by the end of next year.
  • Current pricing implies an almost 70% chance of such a move by end-2022, analysts said, up from the 52% chance priced a week ago.
Published 22 Feb, 2021 05:53pm