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Currencies

FX steady, stocks higher as markets await trade progress, rate decisions

Interest rate decisions in Hungary, Turkey, others this week Markets watching tariffs, Philippine president to meet Trump Singapore stocks hit record high for 14th session MSCI EM FX down 0.1%, stocks up 0.2% July 21 (Reuters) - Most emerging market currencies steadied while stocks were mixed on Monday as investors awaited trade developments in the U.S. and central bank decisions in emerging Europe. Markets took a breather after a week packed with concerns over trade tariffs impacting U.S. inflation and worries over the Federal Reserve's independence as President Donald Trump...
Currencies

India Bucks Tepid Trend Across Emerging Asia as US Data Awaits

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Markets across much of emerging Asia traded in a narrow range ahead of US payrolls data, with the exception of Indian bonds that swung wildly after a bigger-than-expected interest-rate cut. Bloomberg’s Asia Dollar Spot Index dipped 0.1% on Friday, with the stock benchmarks in Taiwan, Hong Kong, and mainland China also slipping. Bucking the trend was India, where the Nifty 50 advanced and the 10-year bond yield slid...
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