09262016Mon
Last update: Mon, 26 Sep 2016 01am

Europe

Markets - Equity - Europe

Dollar at 3-week high, bonds and stocks sell off on hawkish Fed LONDON: The dollar rose to a three-week high against the yen on Monday, while bond yields surged to their highest since June and stocks sold off after senior Federal Reserve officials indicated a U.S. interest rate increase was on the cards in the near term.In the past few months, the Fed has been swaying back and forth on whether to raise rates this year, keeping investors across the globe on tenterhooks. But on Friday, at the Fed's annual gathering for global central bankers in Jackson Hole, Wyoming, Fed Chair Janet Yellen gave one of the clearest indications that a rate hike was probably round the corner.She said the case for an interest rate hike has strengthened in recent months as the labour market and economy improved. That echoed what other senior Fed officials had been saying in the run-up to the Jackson Hole symposium.And while she gave no hints on ...

Markets - Equity - Europe

European shares lower on US rate hike expectations, Alstom up MILAN: European shares fell on Monday as top Federal Reserve officials bolstered expectations for a US rate hike this year, while Alstom bucked the weaker trend after a contract win.The pan-European STOXX 600 index fell 0.3 percent, giving back gains seen in the previous session, while a holiday closure of UK markets was expected to keep activity low.At the Fed's annual gathering for global central bankers on Friday, Fed Chair Janet Yellen said the case ...

Markets - Equity - Europe

Eurozone stocks ease in early trading PARIS: The eurozone's main stock markets traded lower in early business Monday as analysts pondered the implications of a key speech by Federal Reserve chief Janet Yellen on interest rates.On Friday, Yellen suggested interest rates could rise in the near-term.In words carefully scrutinised by market watchers, Yellen said recent months had seen conditions in the US economy increasingly favour an rise in interest rates but she did not give a clear signal of timing."Markets are ...

Markets - Equity - Europe

Markets stir as Yellen eyes case for rate rise LONDON: European stock markets stirred Friday at the end of a tranquil week as Federal Reserve chief Janet Yellen indicated there was a case for raising US interest rates.Market watchers were waiting for Yellen to show her hand in an address to an annual gathering of central bankers in Jackson Hole, Wyoming.Noting strong US job growth, Yellen said gradual increases in the Fed's benchmark rate in the coming years should be expected."In light of the ...

Markets - Equity - Europe

Markets under pressure before Yellen LONDON: European stock markets mainly fell on Friday, as investors waited on a speech from Federal Reserve chief Janet Yellen for clues over the outlook for US interest rates.Frankfurt and Paris held in negative territory, while Asian stocks wobbled ahead of the weekend. London equities flatlined as official data confirmed that the British economy grew by 0.6 percent in the second quarter, compared with the previous three months.With few other catalysts this week, Yellen's speech ...

Markets - Equity - Europe

Dollar dips, shares touch two-week low before Yellen LONDON: The dollar edged down and global shares slipped to a two-week low on Friday as investors turned cautious before a keynote speech by Federal Reserve Chair Janet Yellen that could map out a clearer path for U.S. interest rates.The MSCI All-Country World index was down 0.1 percent by 0817 GMT, after slipping to its lowest level since Aug. 9, while the pan-European STOXX 600 fell 0.2 percent.Investors were wary of Yellen hinting at a ...

Markets - Equity - Europe

European shares extend losses, focus on Jackson Hole LONDON: European equities edged lower on Friday, with investors focusing on a speech by Federal Reserve Chair Janet Yellen later in the session for hints about the timing of a U.S. interest rate hike.Yellen will deliver the keynote speech at a global central bank gathering in Jackson Hole. Hawkish comments from a slew of other Fed officials have already raised expectations of a rate hike this year.The pan-European STOXX 600 was down 0.2 percent by ...