12042016Sun
Last update: Sun, 04 Dec 2016 07pm

Europe

Markets - FXMM - Europe

Russian rouble dips as oil comes off multi-month highs MOSCOW: The Russian rouble dipped slightly in early trade on Friday as oil ticked lower, and Russian stocks fell after hitting a record high overnight.  At 0720 GMT, the rouble had lost 0.3 percent to fall to 64.17 against the dollar and was down 0.6 percent against the euro to trade at 68.5..The moves reflected a slide in Brent crude futures, a global benchmark for Russia's main export. They were down 0.7 percent at $53.55 a barrel.The decline in oil prices was attributed to profit taking, with some investors cashing out after Brent touched a 16-month high the day before on news that OPEC and Russia had agreed to reduce crude output to support prices.Analysts said that Russian market players also tended to try to lock in any profits ahead of the weekend, putting pressure on stock indexes and the rouble.The rouble-traded MICEX index was 0.1 lower at 2019.92 after touching an all-time high of 2128.70 on Thursday. The dollar-denominated RTS index ...

Markets - FXMM - Europe

Sterling drifts lower, unmoved by Vlieghe message LONDON: Sterling drifted lower against both the dollar and euro on Monday, with dealers citing one substantial late morning order as having moved currency rates in a session dominated by a correction to recent dollar gains. The euro, also helped initially by Sunday's victory for Francois Fillon in the French right's presidential primary, was 0.3 percent higher against sterling after racking up its worst run of weekly losses against the pound since early 2015 last ...

Markets - FXMM - Europe

Dollar steadies after oil slip, stocks remain groggy LONDON: The dollar steadied after its biggest fall in almost a month on Monday, as doubts about a long-mooted OPEC output cut unsettled oil markets and "Trumpflation" trades that have gripped investors since the US election. Crude prices stumbled into the red as Wall Street prepared for a lower opening after the post-Thanksgiving weekend and both European and Japanese shares had difficult starts to the week. Concerns about the fallout from Italy's constitutional referendum this ...

Markets - FXMM - Europe

Turkey has plans to make lira more attractive to investors ANKARA: Turkey has concrete plans to make its lira currency more attractive to investors and will act to facilitate trade and payments in the currency, Deputy Prime Minister Numan Kurtulmus said on Monday. Kurtulmus also told a news conference that the government was optimistic the dollar would see some easing ahead. The lira has been battered by both the resurgent dollar following Donald Trump's election victory in the United States and domestic security worries in ...

Markets - FXMM - Europe

Dollar retreats from peaks, euro boosted by Fillon win LONDON: The dollar extended its losses on Monday, retreating from its highest levels since 2003 as U.S. Treasury yields eased from recent peaks.The greenback had surged more than 4 percent against a basket of currencies in the wake of Donald Trump's shock victory in the U.S. elections, with investors reckoning a Trump administration would see an expansion of fiscal policy, boosting inflation and pushing up interest rates.But after hitting an almost 14-year-high of 102.05 on ...

Markets - FXMM - Europe

Sterling dips on euro bounce, focus on Draghi hearing LONDON: Sterling touched a two-week high against the dollar but slid back against the euro on Monday, with the day's main focus likely to be European Central Bank chief Mario Draghi's testimony in the European Parliament.With 10 days until a policy meeting long expected to signal the pace of quantitative easing next year, Draghi's comments have the potential to shift the euro higher after two better days driven in part by suggestions the bank could ...

Markets - FXMM - Europe

Russian rouble mixed as lower dollar balances falling oil MOSCOW: The Russian rouble was mixed early on Monday, gaining slightly against the dollar but falling against the euro, as the U.S. currency fell on global markets and oil prices weakened.At 0725 GMT, the rouble was 0.1 percent stronger against the dollar at 64.88 but had lost 0.4 percent to trade at 69.08 versus the euro.The dollar fell by around 0.5 percent against a basket of currencies on Monday as investors reversed a "Trumpflation" trade ...