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iPaper reports UK prime minister Burnham may hold another King's Speech to set out new government priorities.

2026-08-03

iPaper reports UK prime minister Burnham may hold another King's Speech to set out new government priorities.

Other News
2026-08-03

The Hang Seng Index closed up 124.97 points, or 0.48%, at 26,009.4 on Monday, August 3. The Hang Seng Tech Index closed up 46.39 points, or 0.96%, at 4,875.61 on Monday, August 3. The H-share Index closed up 40.0 points, or 0.46%, at 8,652.15 on Mond

The Hang Seng Index closed up 124.97 points, or 0.48%, at 26,009.4 on Monday, August 3. The Hang Seng Tech Index closed up 46.39 points, or 0.96%, at 4,875.61 on Monday, August 3. The H-share Index closed up 40.0 points, or 0.46%, at 8,652.15 on Monday, August 3. The Red Chip Index closed down 17.16 points, or 0.41%, at 4,175.96 on Monday, August 3.
2026-08-03

USD extended losses on Monday after coordinated US-Japan FX intervention that supported the yen. Traders trace the dollar’s weakness to last week’s Fed decision to hold rates, which has raised questions about new chair Walsh’s ability to fight inflat

USD extended losses on Monday after coordinated US-Japan FX intervention that supported the yen. Traders trace the dollar’s weakness to last week’s Fed decision to hold rates, which has raised questions about new chair Walsh’s ability to fight inflation. ING FX strategist Francesco Pesole said the move began after the Fed meeting and that short-term investors had built large USD long positions. Some strategists say the US Treasury may fund yen purchases with euros rather than dollars to limit further dollar weakness. Pesole added many traders are weighing longer-term USD shorts but called Japanese intervention temporary and said Fed policy will ultimately determine the dollar’s path. Jefferies strategist Mohit Kumar said if oil does not fall sharply, a Fed failure to act on inflation would damage Walsh’s credibility, and that aside from intervention fundamentals remain unfavorable for the yen and supportive of the dollar, with rising pressure for Fed hikes.
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