05262016Thu
Last update: Thu, 26 May 2016 07pm

Europe

Markets - FXMM - Europe

Sterling boosted by support for 'In' camp in Brexit vote LONDON: Sterling rose against the euro and the dollar on Tuesday, boosted by a poll that showed the "Remain" camp was well ahead over their "Leave" rivals with a month to go before a vote on Britain's future in the European Union.On Monday, sterling started the week on a shaky note after warnings from Prime Minister David Cameron and finance minister George Osborne that a vote to leave the EU could push Britain into a year-long recession and cost at least half a million jobs.But the latest poll from ORB published in Tuesday's edition of the Telegraph newspaper gave the "Remain" camp a 13-point lead over their "Leave" rivals, after winning support for the first time from a majority of men, those aged over 65 and Conservative voters. That seemed to soothe nerves towards the currency, traders said.Sterling was up 0.4 percent against the euro at 77.15 pence per euro, ...

Markets - FXMM - Europe

Rouble mixed as dollar strengthens MOSCOW: The Russian rouble fell against the dollar on Tuesday, but edged up against the euro, as expectations of higher US interest rates pushed up the value of the dollar globally. At 0805 GMT, the rouble was 0.3 percent weaker against the dollar at 66.99 but had gained 0.1 percent to 74.91 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was down 0.7 percent at $48 a barrel, reflecting the strengthening ...

Markets - FXMM - Europe

Turkish lira firms to 2.98 against dollar after Simsek named deputy PM ISTANBUL: The Turkish lira firmed against the dollar on Tuesday, after Mehmet Simsek retained his post as deputy prime minister in the new cabinet, reflecting investor relief that the respected politician would remain in government. At 0843 GMT, the lira firmed to 2.98 against the dollar, from 3.0020 before the announcement, when it was near its weakest since Jan. 28.The BIST 100 main share index rose 1.65 percent to 78,039.24, outperforming the MSCI index of ...

Markets - FXMM - Europe

Post-G7 yen gains halt dollar rally LONDON: Robust trade data from Japan had the yen back on the rise on Monday after three weeks of solid gains for the dollar which have given fresh heart to those hoping for another rally as U.S. interest rates rise.A Group of Seven finance ministers' meeting concluded on Saturday with the United States warning Japan against intervening to weaken the yen, a rift that is perceived as preventing Tokyo from acting.Top of the agenda this ...

Markets - FXMM - Europe

Sterling slips as markets start week on cautious note LONDON: Sterling slipped on Monday after gaining over 1 percent against the dollar last week as investors, still worried that a looming June 23 referendum could see Britons vote to leave the European Union, moved away from riskier assets.The currency showed little reaction to warnings from Prime Minister David Cameron and finance minister George Osborne that a vote to leave the EU could push Britain into a year-long recession and cost at least half a ...

Markets - FXMM - Europe

Rouble retreats with oil, US statistics eyed MOSCOW: The Russian rouble opened weaker on Monday, dragged down by the oil price which has retreated further on abating supply disruptions and a stronger dollar, as markets await data this week to gauge the likelihood of higher US interest rates. At 0755 GMT, the rouble was 0.5 percent weaker against the dollar at 67.13 and had lost 0.6 percent to 75.35 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was ...

Markets - FXMM - Europe

Sterling steadies after week of gains LONDON: Sterling steadied around $1.45 on Monday after gaining more than 1 percent against the dollar last week, with investors still worried that a referendum in exactly one month could see Britons vote to leave the European Union. Several polls last week put the "In" camp well ahead in the run up to the June 23 vote, easing some fears and driving bookmarkers to widen their odds on a Brexit to about 7/2, indicating a ...