Yen Surges Versus Dollar as CPI Shows Easing Inflation Pressures
The yen jumped more than 1% against the dollar after a reading of US consumer price growth showed softening inflation pressures.
The yen jumped more than 1% against the dollar after a reading of US consumer price growth showed softening inflation pressures.
BNP Paribas SA, the European Union’s biggest bank, has effectively ceased underwriting bonds for oil and gas producers, representing one of the most dramatic crackdowns on fossil fuels among the world’s major financial firms.
South African President Cyril Ramaphosa signed a controversial health-insurance bill into law, weeks before his party faces what’s set to be its toughest election since it came to power three decades ago.
Treasuries rallied, sending 10-year yields to the lowest in more than a month, after benign inflation data and a weaker-than-expected retail sales figure prompted traders to boost expectations for the Federal Reserve to cut interest rates this year.
Bridgewater Associates Chief Executive Officer Nir Bar Dea warned investors of becoming too overconfident in their positions as geopolitical risks impact markets around the world.
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