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Trump’s ‘America first” Leaves Oversees Stocks and own Currency in Second’
Michael Hewson, Chief Market Analyst at CMC Markets UK:
“It’s been a disappointing start to the week across the board today as European investors take a risk off position after Friday’s “America First” President Trump inauguration speech on Friday, as European markets decline across the board. The narrow one dimensional focus of the new US President’s comments, as well as his first executive actions in looking to renegotiate NAFTA and pull out of the Trans Pacific Partnership (TPP) has raised concerns that he is placing greater importance on protectionist measures than his pledges to implement tax cuts and infrastructure spending.
“Even though US markets managed to rally into the close on Friday in the wake of new President Trump’s rather protectionist speech, overseas markets haven’t been anywhere near as sanguine, dropping back as currency markets gave their initial verdict sending the US dollar sharply lower.
“The US dollar’s weakness that was starting to manifest itself last week has accelerated today in the aftermath of Friday’s populist Presidential inauguration speech prompted further weakness, due to a lack of detail on what fiscal measures the new administration would undertake to boost the economy. The US dollar index has slid to its lowest levels since the 8th December, just before the Fed raised rates. The best performers have been the Japanese yen as US treasury yields fell back, while the pound has continued its recent gains ahead of tomorrow’s Supreme Court ruling on the triggering of Article 50.”
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Evertec Announces Closing of Controlling Stake in Tecnobank, Expanding Product Offering in Brazil
EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced that the Company has closed the previously announced transaction to acquire a controlling stake in Tecnobank Tecnologia Bancária S.A.
JCB Launches Strategic Guide for European Merchants Looking to Tap into Asian Travellers’ Spending Power
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On-Chain KYC(R) 2.0 Transforms Digital Identity with Privacy-Preserving Blockchain Attestations
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Triple-A Adopts iPiD’s Payee Verification to Bring Trust to Stablecoin and Fiat Payments Globally
iPiD, the leading provider in Know Your Payee (KYP) solutions worldwide, today announced it will power payee verification for Triple-A, a Singapore-headquartered and Monetary of Authority of Singapore (MAS)-licensed digital currency payment institution.
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European Central Bank Concludes a Framework Agreement with Feedzai to Detect and Prevent Fraud for Forthcoming Digital Euro
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EXCLUSIVE: “Stable & Secure?” – Simone Loefgen, Commerzbank in ‘Discover Sibos 2025’
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CBI Drives Verification of Payee Compliance in Italy
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Lastro Secures $15M Series A Led by Prosus Ventures to Scale its AI Agent, Empowering Over 2M Homebuyers
Lastro, a Brazilian artificial intelligence proptech, announced a Series A round of $15 million led by Prosus Ventures, a global tech operator and investor and major shareholder in iFood and OLX. FJ Labs and Endeavor Scale-Up Ventures also participated in the round, along with existing investors Canary, QED and 1Sharpe Ventures.
Evertec Announces Closing of Controlling Stake in Tecnobank, Expanding Product Offering in Brazil
EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced that the Company has closed the previously announced transaction to acquire a controlling stake in Tecnobank Tecnologia Bancária S.A.
EXCLUSIVE: “Scaling Safely – Without Debanking” – Imam Saygili, Flagright in ‘The Fintech Magazine’
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APIs Driving Embedded Finance Innovation
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FinScan’s AML Software Solutions Integrate with LSEG World-Check On Demand
FinScan®, an Innovative Systems solution and leading provider of advanced anti-money laundering (AML) compliance solutions, today announced integration with and support for LSEG World-Check On Demand. FinScan is one of the first LSEG partners to announce support of the solution.