Michael Wan News Today

0243 GMT — Asian currencies weaken against the U.S. dollar in the morning session. Tensions in the Middle East and the Red Sea have escalated, says Michael…

MARKET WRAPS Watch For: France industrial production index; Italy retail sales; trading updates from Bang & Olufsen, Sainsbury, JD Sports Fashion, Persimmon Opening Call: European...

0210 GMT — Asian currencies consolidate against USD in the morning session, but may weaken amid risk-off sentiment spurred by losses in most U.S. stock…

0122 GMT — Asian currencies consolidate against USD in the morning session, but may weaken amid risk-off sentiment spurred by losses on Wall Street overnight…

0132 GMT — JPY weakens against other G-10 and Asian currencies in the morning Asian session amid mild risk appetite, which typically diminishes the safe-haven…

MARKET WRAPS Watch For: Manufacturing PMI data for Eurozone, U.K., Germany, France, Italy; Monetary developments in the euro area Opening Call: European stock futures traded higher...

0147 GMT — Asian currencies consolidate against USD in the morning session ahead of tonight’s FOMC decision, where the Fed is widely expected to leave rates…

The MPC) expected to keep benchmark lending rates unchanged for the fifth consecutive time. The relatively favorable macroeconomic indicators in India, with easing retail inflation and a GDP growth rate of 7.8% in Q2FY24, provide confidence to chart its own path, independent of US Federal Reserve, European Central Bank and Bank of Japan

The odds of the Feds first rate cut coming in March have risen to 63%, while the Reserve Bank of India is expected to hold rates until the middle of next year.

Indias overnight index swap market is signalling that the countrys central bank will not rush to cut interest rates even if the U.S. Federal Reserve starts bringing down rates early next year....