Search
News
Important Only
African businesses increasingly prefer Asia over their neighbours for trade
By Colleen GokoJOHANNESBURG, March 5 (Reuters) - African businesses increasingly prefer trading with Asian nations, particularly China, at the expense of neighboring African countries, due to high costs, tariffs and variety, according to Standard Bank's annual Africa Trade Barometer released on ...Reuters
Thu, Mar 5
China: Pragmatic growth stance and FX stability – TD Securities
TD Securities’ Senior Macro Strategist Alex Loo says Chinese policymakers have set a modest 2026 GDP growth target of 4.5–5.0%, with TD forecasting 4.6%. The Budget keeps fiscal policy accommodative but avoids a repeat of 2025’s large impulse.Fxstreet
Thu, Mar 5
EUR/GBP steadies near 0.8700 ahead of Eurozone Retail Sales data
EUR/GBP moves sideways after registering gains in the previous session, trading around 0.8700 during the Asian hours on Thursday. The currency cross remains subdued ahead of the Eurozone Retail Sales data release later in the day.
Fxstreet
Thu, Mar 5
Fed: Rate cut odds repriced with strong data – Deutsche Bank
Deutsche Bank strategists highlight that markets are pricing out early Federal Reserve easing following strong ISM Services and ADP private payrolls data. Analysts note that the probability of a June rate cut has fallen to 39% as skepticism grows that a new Fed Chair can start cutting rates straight
Fxstreet
Thu, Mar 5
Morgan Stanley sees no more ECB easing in 2026 as Mideast crisis lifts inflation risks
March 5 (Reuters) - Morgan Stanley on Thursday became the latest Wall Street brokerage to forecast that the European Central Bank will keep interest rates steady through 2026, citing potential inflation risks due to the conflict in the Middle East.Reuters
Thu, Mar 5
China boosts defence spending 7% in drive to modernise by 2035
China defence budget to rise 7%, lowest rate since 2021China pledges development of 'advanced combat capabilities'Premier reiterates goal of 'reunification' with TaiwanBeijing balances growth with defence goals, analyst saysBy Greg Torode and Ben Blanchard HONG KONG/TAIPEI, March ...Reuters
Thu, Mar 5
WRAPUP 6-China ramps up 'high stakes' tech race with US as economic imbalances deepen
Five-year plan envisions AI-driven future with robots manning factoriesTech and scientific research become China's highest prioritySets 4.5%-5% growth target, leaving room for small industrial capacity cutsAims for 'notable' increase in consumption from low baseStrategy driven by U.S. ri...Reuters
Thu, Mar 5
GBP: Sterling outperforms on positioning – ING
Chris Turner at ING notes that despite broad Dollar strength, the Pound has outperformed the Euro, with EUR/GBP dropping sharply during a recent deleveraging phase. He attributes this to stretched positioning and reduced expectations for Bank of England easing.
China's parliament rolls out economic, political blue-print; here's what you need to know
March 5 (Reuters) - China's political elite gathered in Beijing on Thursday as President Xi Jinping unveiled a sweeping roadmap for the country’s economic and political future, delivered against a backdrop of sharpening tech competition with Washington and mounting geopolitical friction. The ...Reuters
Thu, Mar 5
ECB’s Villeroy: The duration of Iran war will determine impact on prices
European Central Bank (ECB) Governing Council (GC) members and Bank of France Governor, François Villeroy de Galhau, assures investors that the central bank is closely tracking energy prices and markets amid the war in the Middle East in his comments during European trading hours on Thursday.
Fxstreet
Thu, Mar 5
