Page 44 - Frx News Today

The South African rand fell on Monday as the dollar gained on global markets, while stocks were down at the day's close.

Celebrities who promoted FTX, including NFL quarterback Tom Brady and comedian Larry David, said an investor lawsuit seeking damages in the wake of the cryptocurrency exchange's collapse should be dismissed.

The United States and the euro zone should not take the international status of their currencies for granted as countries such as China and Russia seek to create their own systems.

Almost 25,000 private-sector workers in Norway will go on strike from Monday morning after negotiations with employers broke down, and the industrial action is set to escalate in the following days, two major labour unions said on Sunday.

The solid recovery in equities and slump in volatility gauges suggests investors are increasingly sanguine.

Israeli Finance Minister Bezalel Smotrich on Sunday said Moody's decision to cut the outlook for Israel's sovereign credit rating was "not a big drama" and that the government's plan to overhaul the judiciary would help the economy.

U.S. Treasury Secretary Janet Yellen said banks are likely to become more cautious and may tighten lending further in the wake of recent bank failures, possibly negating the need for further Federal Reserve interest rate hikes.

Asian shares firmed on Friday as Singapore became the latest country to pause its policy tightening and markets became more confident the likely next hike in U.S. rates would be the last this cycle.

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

A look at the day ahead in European and global markets from Wayne Cole.