Bloomberg The Canadian dollar is outperforming all of its major peers this year, and several analysts see room for more gains as the economic recovery picks up, bolstering speculation about reduced stimulus. Data showing stronger-than-expected job growth in February provided the impetus for the loonie to climb to a three-year high, even as the US currency rises against the majority ...

Bloomberg A SPAC backed by Martin Blessing, Commerzbank AG’s former chief executive officer (CEO), plans to list in Amsterdam and target investments in financial services and technology companies. The special purpose acquisition company, EFIC1, will seek to raise as much as $496 million and seek out companies in Europe, including the UK, according to a statement on Monday, confirming an ...

Bloomberg Denmark’s central bank adjusted its toolbox to help it steer money market rates and ultimately the krone, which is pegged to the euro. The bank called the changes “technical” in nature, and “not intended to influence the level of the money market rates or the Danish krone,” according to a statement. The goal is to “ensure more stable money ...

Bloomberg The European Central Bank (ECB) pledged to ramp up buying government debt in coming months in a bid to a contain rising bond yields that threaten to derail the region’s economic recovery. Policy makers expect purchases in the next quarter “to be conducted at a significantly higher pace than during the first months of this year,” according to a ...

Bloomberg At next week’s policy review, the Bank of Japan (BOJ) is considering releasing an analysis of the potential impact of lowering its negative interest rate to show its determination to use this option if needed, according to people familiar with the matter. BOJ officials say the assessment would hint at the likely results of a lower negative rate on ...

Bloomberg Rising yields at India’s latest government bond auction are signalling the central bank may be reluctantly accepting higher borrowing costs amid a global rout. The Reserve Bank of India (RBI) sold some of 10-year debt at 6.22%, compared with about 6% in previous auctions. That’s after a spike in US Treasury yields and oil prices pushed borrowing costs higher ...

Bloomberg China’s stocks slumped, as a neutral lending stance from the central bank and data showing surging economic activity renewed concerns about tightening liquidity. The CSI 300 Index closed 2.2% lower, after falling nearly 3% in afternoon trading. Stocks had initially pared losses on data showing growth rates of more than 30% for key economic indicators. Traders said sentiment was ...

Bloomberg US futures and European stocks climbed on Monday as investors considered the outlook for inflation and vaccine progress. Travel companies and automakers led the Stoxx 600 Index to the highest level in a year. Danone, the world’s largest yogurt maker, jumped 5% after announcing it would replace its chairman. Brent crude topped $69 a barrel as economic data from ...

ABU DHABI / WAM The third edition of the Mohamed Bin Zayed Majlis for Future Generations (MBZMFG) opened on Sunday under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The 2021 Majlis consists of virtual sessions led by decision makers, government officials, experts, ...

Bloomberg India’s foreign-exchange reserves surpassed Russia’s to become the world’s fourth largest, as the South Asian nation’s central bank continues to hoard dollars to cushion the economy against any sudden outflows. Reserves for both countries have mostly flattened out this year after months of rapid increase. India pulled ahead as Russian holdings declined at a faster rate in recent weeks. ...