News
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Indian rupee and stocks soar in relief rally after US trade deal
U.S. to cut tariffs on Indian exports to 18% from 50%Trade deal expected to lift sentiment on Indian marketsIndian rupee up more than 1%, equities benchmark rises 2.5%U.S. deal follows India-EU trade agreement last weekBy Jaspreet Kalra and Bharath Rajeswaran MUMBAI, Feb 3 (Reuters) - India's...Reuters
an hour ago
EXCLUSIVE-JPMorgan closing in on new frontier market local currency debt index, sources say
New index expected to have over 20 countriesInvestors have been consulted over viewsAnnouncement expected by mid-yearFrontier market debt has delivered strong returns over recent yearsBy Marc Jones LONDON, Feb 3 (Reuters) - JPMorgan is finalising plans for a new index to track frontier market loc...Reuters
2 hours ago
Pepsico Affirms 2026 Financial Outlook
Feb 3 (Reuters) - PepsiCo Inc PEP.O:PEPSICO Q4 CORE EPS $2.26 VERSUS IBES ESTIMATE $2.24PEPSICO Q4 NET REVENUE $29.34 BILLION VERSUS IBES ESTIMATE $28.97 BILLIONPEPSICO Q4 ORGANIC REVENUE GROWTH 2.1%PEPSICO: AFFIRMS 2026 FINANCIAL OUTLOOKPEPSICO: 4% INCREASE IN ANNUALIZED DIVIDEND TO $5.92 PER SHARE...Reuters
2 hours ago
GBP/JPY climbs as Yen falters on fiscal concerns and BoE interest rate decision looms
The British Pound (GBP) strengthens against the Japanese Yen (JPY) on Tuesday, as the Yen remains under broad pressure amid market concerns over Prime Minister Sanae Takaichi’s expansionary fiscal stance. At the time of writing, GBP/JPY is trading near 213.26, rising for a third straight day.
Fxstreet
2 hours ago
FOREX-Dollar edges higher on Fed bets and data; Aussie jumps on RBA hike
Dollar extends gains into third consecutive dayAussie surges on RBA's inflation warningsYen traders focus on Japan electionBy Sophie Kiderlin and Rocky Swift LONDON, Feb 3 (Reuters) - The dollar inched higher on Tuesday, rising for a third consecutive day as positive economic data and shifti...Reuters
2 hours ago
France ready to raise FX volatility at G7, Lescure says
France to use its G7 role to press action on global imbalancesParis seeks joint G7 tools, including on rare earths supplyFrance aims to revive talks on taxing multinationalsBy Leigh Thomas PARIS, Feb 3 (Reuters) - France will put currency market volatility on the agenda of Group of Seven finance ...Reuters
3 hours ago
AUD: RBA leads with rate hike – BBH
Brown Brothers Harriman (BBH) analysts report that the Reserve Bank of Australia (RBA) has raised the cash rate target by 25bps to 3.85%, marking the first increase since 2023. This decision was largely anticipated by the market, with inflation expected to remain above target for some time.
Fxstreet
3 hours ago
Capri Holdings Q3 revenue beats estimates
OverviewGlobal fashion luxury group's Q3 revenue fell 4% but beat analyst expectationsAdjusted EPS for Q3 beat analyst expectationsCompany reduced net debt to $80 mln after Versace saleOutlookCapri Holdings expects fiscal year 2026 revenue of $3.45 bln to $3.475 blnCapri Holdings projects dilute...Reuters
3 hours ago
Graphic Packaging Q4 revenue beats expectations
OverviewSustainable packaging firm's Q4 revenue rose, beating analyst expectationsAdjusted EPS for Q4 missed analyst expectationsCompany initiated a comprehensive review of operations and portfolioOutlookGraphic Packaging expects 2026 Net Sales of $8.4 bln to $8.6 blnCompany anticipates 2026 Adj...Reuters
4 hours ago
EUR: Inflation expectations and ECB stance – TD Securities
TD Securities discusses the Eurozone's inflation expectations ahead of key economic data releases. The report anticipates a dip in headline inflation to 1.7% y/y, which is aligned with previous forecasts. The ECB views this as a temporary deviation, suggesting no immediate monetary policy shifts.
Fxstreet
4 hours ago
Ball Q4 revenue, adjusted EPS beat expectations on volume growth
OverviewAluminum packaging firm's Q4 revenue rose, beating analyst expectationsAdjusted EPS for Q4 beat analyst expectationsCompany completed acquisition of majority stake in BenepackOutlookBall expects 2026 comparable diluted EPS growth of 10-plus percentCompany anticipates 2026 free cash flow ...Reuters
4 hours ago
USD/CHF falls on US budget impasse, Swiss Franc safe-haven demand
USD/CHF trades lower around 0.7780 on Tuesday, down 0.15% on the day at the time of writing. The pair remains under pressure as political uncertainty in the United States (US) weighs on the US Dollar (USD), despite the release of encouraging economic indicators.
Fxstreet
4 hours ago
Sterling steady as traders eye Bank of England decision
LONDON, Feb 3 (Reuters) - The pound was little changed on Tuesday as a light economic calendar made for steady trading ahead of the Bank of England's interest rate decision on Thursday.Sterling GBP=D3 was last trading flat against the dollar at $1.3672, having gained around 1.4% this year on the...Reuters
4 hours ago
AUD/USD stays firm around 0.7000 after RBA’s hawkish interest rate hike
The AUD/USD pair trades almost 1% higher, slightly above 0.7000, during the European trading session on Tuesday. The Aussie pair demonstrates significant strength as the Australian Dollar (AUD) outperforms its peers, following the Reserve Bank of Australia’s (RBA) monetary policy announcement.Fxstreet
5 hours ago
EMERGING MARKETS-EM currencies inch up, stocks rebound as commodities regain footing
South Africa stocks recover as gold prices rise Indian assets gain after trade deal with the U.S. Ukraine bonds gain after report of ceasefire enforcement planMSCI EM FX up 0.5%, stocks gain 2.5% By Purvi Agarwal Feb 3(Reuters) - Most emerging market currencies inched higher on Tuesday, after thr...Reuters
5 hours ago
