Mark Potter

1 month ago | gurutrade.com | Tannur Anders |Sfundo Parakozov |Mark Potter |Leroy Leo

JOHANNESBURG, March 14 (Reuters) - South Africa's rand gained on Friday due to record high gold prices that were driven by investors seeking safe haven assets amid worries over a global trade war. At 1457 GMT, the rand traded at 18.1850 against the dollar , about 0.7% firmer than its previous close. The South African currency had fallen earlier this week on domestic political tensions sparked by a revised national budget.

Jan 7, 2025 | gurutrade.com | Karin Strohecker |Dhara Ranasinghe |Mark Potter

LONDON, Jan 7 (Reuters) - Major central banks in December delivered their biggest policy easing push since the spring 2020 COVID rate-cutting frenzy, with the latest moves making the annual 2024 easing effort the biggest in 15 years as policymakers brace for unsteady times. Among central banks overseeing the 10 most heavily traded currencies, five of the nine that held meetings in December cut interest rates.

Jul 31, 2024 | gurutrade.com | Kevin Buckland |Mark Potter

TOKYO, July 31 (Reuters) - Short-term Japanese government bond yields scaled 15-year peaks and Japanese bank shares soared on Wednesday as the Bank of Japan raised interest rates for only the second time since 2007 while announcing a halving of its monthly bond buying. The two-year JGB yield jumped as much as 8 basis points (bps) to reach 0.45% for the first time since April 2009. The five-year yield added 8 bps to 0.665%, the highest since November 2009.

May 28, 2024 | gurutrade.com | Stefano Rebaudo |Rae Wee |Edwina Gibbs |Mark Potter

May 28 (Reuters) - The dollar edged down on Tuesday, but remained in tight ranges against peers, ahead of key inflation data from major economies this week that could inform the global interest rate outlook. The greenback was also on the verge of its first monthly decline in 2024.

May 16, 2024 | gurutrade.com | Mark Potter

FRANKFURT, May 16 (Reuters) - Commercial property has become the weak link of the euro zone's financial system, with losses there threatening to hurt banks, insurers and funds, a European Central Bank report showed on Thursday. Commercial real estate (CRE) companies have been hit by a triple whammy of higher borrowing costs, falling demand for office space in the post-pandemic age, and more expensive building materials.