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Last update: Mon, 23 Jan 2017 07am

Europe

Markets - Equity - Europe

Polish bonds firm after credit ratings affirmed BUDAPEST/WARSAW: Polish government bonds firmed on Monday after Fitch affirmed the country's 'A-' credit rating on Friday, with stable outlook, and Moody's did not update its own rating.Some investors had feared a downgrade.Governments in Central Europe lift spending and cut taxes to help their economies, after central banks have reached their limits in economic stimulus, cutting rates to record lows.Rate hikes are not on the agenda yet even though inflation is picking up, US interest rates are expected to rise further and the ECB tapers its own stimulus.Any change in Polish rates would at this time shake its macroeconomic stability, Polish central banker Lukasz Hardt told the daily Dziennik Gazeta.Polish bond yields fell 2-3 basis points by 1404 GMT GMT, with 10-year papers trading at 3.61 percent.Demand for bonds was helped by a recommendation from the Financial Stability Committee (KSF) that banks should have to put more capital aside if ...

Markets - Equity - Europe

Stocks retreat as pound tanks on Brexit fear LONDON: The pound slumped Monday on reports British Prime Minister Theresa May was ready to take the country out of the European Union in a so-called "hard Brexit".Sterling's weakness sent London's FTSE 100 index to a fresh record high, although the index later fell back and closed with a slight loss, ending a record 14-session winning streak."The main action today has been on the currency market with the pound sliding to its lowest levels since ...

Markets - Equity - Europe

Investors turn wary as Brexit, Trump uncertainty grows LONDON: Investors sold sterling and stocks in Europe and Asia on Monday, seeking shelter in gold and the Japanese yen as uncertainty over Britain's departure from the European Union and the policies of US President-elect Donald Trump curbed appetite for risk.The dollar rose, except against the yen, rebounding after suffering its worst week since November, when it was hit by a lack of clarity over what Trump, whose inauguration is on Friday, will do once ...

Markets - Equity - Europe

Stock markets firmer ahead of weekend LONDON: Europe's main stock markets ended the week in an upbeat mood Friday, with London topping a new high, and prices on Wall Street modestly higher on the back of favourable results from banks. "The FTSE 100 notched up another all-time high to round off a record-breaking week of gains," said Jasper Lawler at London Capital Group. A steady opening on Wall Street, buoyed by a spate of solid bank earnings reports, helped prop up ...

Markets - Equity - Europe

Dollar tumbles, bonds rebound as Trump traction fades LONDON: The US dollar nursed widespread losses on Thursday after President-elect Donald Trump's long-awaited news briefing gave little clarity on future fiscal policies, disappointing bulls who had bet on major stimulus. Trump did not mention tariffs against Chinese exports, a relief for Asian markets fearing the outbreak of a global trade war, and there was more pain for the dollar as the euro drove higher on ECB minutes showing a split over stimulus. It was ...

Markets - Equity - Europe

London stocks scale new record peak LONDON: European stocks rose Wednesday, with the sliding pound and rebounding commodity prices pushing London to ever new highs, while prices on Wall Street were firmer ahead of a news conference by president-elect Donald Trump.London's FTSE 100 was catapulted to 7,312.08 points, extending a record-breaking run for the benchmark index that began just ahead of the New Year.The FTSE 100's perform "could today prove its best ever winning streak, fuelled by fresh sterling weakness" and ...

Markets - Equity - Europe

European shares up, Britain's FTSE set for record-breaking streak LONDON: European shares rose on Wednesday, with retail stocks back in focus after a well-received update from British grocer Sainsbury, though Cobham tanked on disappointing profits. The pan-European STOXX 600 index was up 0.2 percent, while blue-chip FTSE 100 hit a record high of 7,289.79, up 0.2 percent, and was headed for the best winning streak in its history. If the index closes up again today it will mark its 12th straight higher close, the ...