MORNING BID-Zooming on

06/03/2020

(A look at the day ahead from EMEA deputy markets editor Sujata Rao. The views expressed are her own.) For those of us who have spent more than two months at home – working, exercising, connecting with friends, all on a remote basis — it […]

Indonesia finmin sees 2020 budget deficit widening to 6.34% of GDP

06/03/2020

JAKARTA, June 3 (Reuters) – Indonesia’s 2020 budget deficit is expected to widen further to 6.34% of gross domestic product as the government stepped up spending for its coronavirus response and economic stimulus, Finance Minister Sri Mulyani Indrawati said on Wednesday. Her previous estimate had […]

PRESS DIGEST-Financial Times – June 3

06/03/2020

June 3 (Reuters) – The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Travelodge set to launch CVA in effort to end rent stand-off on.ft.com/2BsCp7D U.S. takes aim at digital […]

MORNING BID-Full steam ahead

06/02/2020

A look at the day ahead from Karin Strohecker, chief correspondent, emerging markets. The views expressed are her own. The stocks rally is steaming on, fuelled by optimism over the re-opening of economies around the world. Markets appear unfazed by President Donald Trump’s call to […]

JGBs fall as 10-year debt auction draws lukewarm demand

06/02/2020

TOKYO, June 2 (Reuters) – Japanese government bond prices across most maturities edged down on Tuesday, taking cues from a 10-year debt auction which witnessed tepid demand. Benchmark 10-year JGB futures rose 0.02 point to 152.19, with a trading volume of 17,713 lots, while the […]

IMF sees reversal in capital flows out of emerging markets

05/28/2020

WASHINGTON, May 28 (Reuters) – The International Monetary Fund on Thursday said it estimates that emerging market economies have raised some $77 billion in debt in April and May, partially reversing massive capital outflows of $100 billion seen after the coronavirus outbreak. IMF Managing Director […]