Saudi's PIF, Mizuho Financial Group Partner to Develop ETF

MT NewswiresNov 3 01:32 ET

New York Foreign Exchange Market: The US dollar rises, and the volatility soars as the US election approaches.

The US dollar hit an intraday high on Friday afternoon, as traders shifted their focus from the weak employment report to next week's US election. The Canadian dollar touched its lowest level in two years. The Bloomberg US dollar index rose by 0.3%, after earlier dropping by 0.2%; the early US October non-farm payroll report showed that recruitment by businesses slowed to its slowest pace since 2020 due to the impact of hurricanes and strikes, causing the index to decline sharply. Monex forex trader Helen Given said, "Traders were aware in advance that the data would lean towards the negative and are handling it appropriately." "This is one of the most difficult non-farm payroll data to predict."

Global market reportNov 1 16:26 ET

United Kingdom market decline intensifies, budget concerns spread to various types of assets.

The UK bond market, stock market, and British pound all plummeted, as investors sold off British assets in a swift response to the new Labour government's increased borrowing and inflation-raising ambitions. The sell-off has driven short-term borrowing costs to their highest level since May, as investors bet on the Bank of England scaling back the rate cut. The adjustment in interest rate pricing has affected all assets in the UK, with the FTSE 250 index recording its biggest drop since early August, and the British pound falling against all major currencies. Although this market downturn is not on the same scale as the shockwaves caused by the tax cut plan proposed by Liz Truss without financial support two years ago.

环球市场播报Oct 31 14:24 ET

Resona: If Trump is elected, the USD/JPY may test 160 but will not last long.

Resona Bank's Chief Economist and Strategist in Singapore, Vishnu Varathan, stated that there is a risk that if former President Donald Trump wins the U.S. presidential election, the USD/JPY may reach a level of 160 yen, but this level will not be sustained for long. The USD/JPY is currently around 153.13 yen, the last time it touched the 160 level was in July.

Global Market UpdateOct 29 20:23 ET

Express News | Shares of US-listed Japanese Companies Are Trading Higher Amid a Drop in the Price of the Yen After the Liberal Democratic Party Coalition Lost Its Parliamentary Majority

BenzingaOct 28 10:16 ET

Express News | Shares of US-listed Japanese Banking Companies Are Trading Lower Possibly Ahead of the Snap Election on October 27

BenzingaOct 23 13:55 ET