Market Wrap




Global FX

GLOBAL FX NEWS :

      • ASIAN SHARES

        Asian shares slumped  after Wall Street was knocked hard in the wake of a delay to a U.S. healthcare reform vote, while the euro rallied after European Central Bank President Mario Draghi hinted that the ECB could trim its stimulus this year.

      • GOLD

        Gold edged higher on Thursday as the U.S. dollar weakened against other currencies on bets that central banks in Europe were preparing to scale back monetary stimulus, but the bullion's gains were capped by a surge in equities.

      • OIL

        Crude oil rose for a sixth straight session on Thursday to its highest since June 19 on a decline in U.S. output, but ongoing worries about global oversupply continued to drag.

      • NORTH KOREA

        North Korea said on Wednesday it has issued a standing order for the execution of former South Korean President Park Geun-hye and her spy chief for what it said was a plot to assassinate its leader, and it demanded that the South hand the pair over.
         
      • CHINA

        China needs to strike a balance between deleveraging and maintaining adequate support for some sectors of the economy, a senior International Monetary Fund official said on Thursday.

         
      • AFGHAN

        The U.S. Senate Armed Services Committee approved 4,000 more visas for Afghans who worked for U.S. forces as interpreters or support staff on Wednesday, an effort to preserve a program that had been at risk of shutting down.