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South African rand gains on U.S. jobs data after 'torrid week' reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
South African rand gains on U.S. jobs data after 'torrid week' kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
Friday, 09 Apr 2021 11:32 PM MYT A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013. Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. LONDON, April 9 JPMorgan said today it had moved to market-weight from over-weight on Russian local bonds and the Russian rouble after the recent escalation in geopolitical friction between Russia and Ukraine. Although the ensuing sell-off as a result of the tensions had reduced the value of local assets, the bank said it had decided to reduce its structural positions. The bank said it still expected risks to fade through the course of the year as economically damaging measures by the US administration would be unlikely and Russian assets were taking on excess risk premium to reflect that. ....