Page 18 - Frx News Today

A look at the day ahead in U.S. and global markets from Mike Dolan

The Reserve Bank has warned of dire consequences should South Africa face censure due to its stance on Russia’s invasion of Ukraine.

Turkey's sovereign bond prices rose more than two cents on the dollar on Tuesday as markets waited for President Tayyip Erdogan, the winner of Sunday's presidential election runoff, to decide on a cabinet to run economic policy.

Wall Street was tipped for a strong open on Tuesday, while the cost of insuring against a U.S. debt default fell and the safe-haven dollar weakened in a sign of broad optimism across markets that a U.S. debt ceiling crisis might be averted.

Singapore state investor Temasek Holdings (TEM.UL) said on Monday it had cut compensation for the team that recommended its investment in the now-bankrupt FTX cryptocurrency exchange, as well as for its senior management team.

The South African rand was broadly flat in early trade on Monday, but market players were on edge after the currency struck a record low last week.

S&P 500 futures rose in early trade while Nasdaq futures firmed. Nikkei surged to a fresh 33-year high.

A look at the day ahead in Asian markets from Jamie McGeever.

U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government's $31.4 trillion debt ceiling, ending a months-long stalemate, two sources familiar with the negotiations said on Saturday.

A plan to speed up energy project approvals has largely been scrapped from the accord to lift the debt ceiling, a win for progressives who opposed broad changes to a bedrock environmental law, according to a Democratic aide familiar with the matter.