Currencies

NEW YORK/LONDON :U.S. stock indexes climbed and oil fell from last week's highs on Monday after conflict between Israel and Iran left crude production and exports unaffected, while investors stayed braced for a week packed with central bank meetings.Geopolitics loomed large as Group of Seven leaders began annual talks in Canada. Iranian strikes on Israel and a promise of retaliation were followed by a Wall Street Journal report that Tehran was seeking an end to hostilities, against a backdrop of existing international strains prompted in part by Donald Trump's tariff...

NEW YORK :Stock indexes stayed higher after last week's losses and a barrel of oil got $1 cheaper on Monday as investors took heart from reports that Iran was seeking to end hostilities with Israel, and stayed confident in their predictions for a busy week of central bank meetings.Oil prices fell after the Wall Street Journal reported Iran was seeking a truce following a surprise attack from Israel on Friday that raised fears of wider conflict, sent oil soaring, and weighed on stocks.Sources told Reuters that Iran has asked regional...

Emerging markets are bracing for potential economic turbulence as President Donald Trump intensifies his rhetoric on tariffs, threatening to impose unilateral rates on trading partners within weeks. With the United States being a key market for many emerging economies, the uncertainty surrounding these tariff threats is casting a long shadow over their growth prospects.The absence of meaningful trade deals with the US ahead of the July 8 deadline, when Trump’s 90-day pause on broad tariffs expires, could spell trouble for emerging markets. With just one agreement finalized with Britain and...

By Dharamraj Dhutia and Nimesh Vora MUMBAI, June 16 (Reuters) - The direction of Indian government bonds and rupee this week will hinge on how the Israel-Iran conflict unfolds and its impact on crude oil prices, while the extent to which the central bank steps in to manage currency volatility will be crucial. Crude prices had soared on Friday following Israel's attack on Iran. On Monday, Brent crude jumped at open before pulling back. Brent, which climbed past $78 at open on Monday, was last at $74.78. The Israel-Iran conflict...

Traders are betting it has, despite geopolitical fears. by Vinícius Andrade, Zijia Song and Maria Elena Vizcaino Investors are betting the months-long rally in emerging markets has further to run even as tariff threats and escalating geopolitical tensions signal a rocky path ahead. Money managers from Lazard Asset Management Ltd. to Pictet Asset Management Ltd. have been scooping up Latin American local bonds, Asian currencies and some high-yield sovereign debt. The optimism — fueled by fading concerns about Trump’s trade policies — got a fresh boost last week after a string of...

The Indian Rupee ticks higher after sliding to near 86.20 against the US Dollar.Tehran threatens to close the Strait of Hormuz to disrupt the Oil supply chain.Investors expect the Fed to leave interest rates steady on Wednesday.The Indian Rupee (INR) surrenders early losses after posting a fresh two-month low near 86.20 against the US Dollar (USD) and ticks up to near 86.00 during European trading hours on Monday. The USD/INR pair faces pressure as the US Dollar (USD) falls back, with the US Dollar Index (DXY) retreating to near 98.00...

SYDNEY/LONDON :World shares nudged up on Monday, with oil prices steadier but holding on to most of last week's increase, as the conflict between Israel and Iran added further uncertainty to the world's economic troubles in a week packed with central bank meetings.The escalation in the Middle East came just as Group of Seven leaders were gathering in Canada, with U.S. President Donald Trump's tariffs already straining ties.Yet there was no sign of panic among investors as currency markets stayed calm and Wall Street stock futures firmed after an early...

SYDNEY/LONDON :World shares nudged up on Monday, helped by oil walking back some of last week's increase, though the conflict between Israel and Iran remained a concern, adding further uncertainty to a week packed with central bank meetings.The escalation in the Middle East came just as Group of Seven leaders were gathering in Canada, with U.S. President Donald Trump's tariffs already straining ties.Iranian missiles struck Israel's Tel Aviv and the port city of Haifa on Monday, killing at least eight people and destroying homes, prompting Israel's defence minister to warn...

MUMBAI: The Indian rupee is set to extend losses at Monday’s open, weighed by fears that the intensifying Israel-Iran conflict is likely to increase oil prices further. Expectations that the Reserve Bank of India (RBI) will step in to curb depreciation pressures amid oil risks may offer some support to the local currency, traders said. The 1-month non-deliverable forward indicated an open in the 86.16-86.20 range, versus 86.08 in the previous session. The Indian currency had slipped to 86.20 on Friday — its weakest level in over two months —...

KUALA LUMPUR, June 16 — The ringgit opened higher against the United States (US) dollar and a basket of currencies, including Asean currencies today, amid cautious sentiment due to escalating geopolitical risks, said an analyst.At 8 am, the local note rose to 4.2365/2600 versus the greenback from Friday’s close of 4.2435/2480.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the market was affected by the Israel-Iran military conflict over the weekend. “Risks of the conflict expanded in scope which underminded US military bases and assets in the...