09282016Wed
Last update: Wed, 28 Sep 2016 06am

Europe

Markets - FXMM - Europe

Rouble firms on oil, oblivious to parliamentary election results MOSCOW: The rouble opened stronger on Monday, capitalising on rising oil prices and disregarding Russia's parliamentary vote results showing that President Vladimir Putin-backed party will keep on ruling.At 0734 GMT, the rouble was 0.4 percent stronger against the dollar at 64.90 and gained 0.3 percent to trade at 72.43 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was up 1.4 percent at $46.42 a barrel.The results of Russia's parliamentary vote on Sunday show that the United Russia ruling party will have an overwhelming majority in the new parliament, as had been broadly expected.The only worry, analysts say, comes from earlier market rumours that the rouble had been artificially supported before the election."The coming week is going to be the 'after the elections' period," analysts at ForexClub wrote in a research note. "The market might get nervous that the rouble will be let go after it had ...

Markets - FXMM - Europe

Sterling stages mild recovery from 1-month low, outlook muddled LONDON: Sterling rose against a weaker dollar on Monday, although gains are still likely to be held in check by concerns about the uncertainty generated by Britain's vote to leave the European Union and expectations of more interest rate cuts in coming months.The Bank of England kept rates at record lows on Thursday but signalled that it would cut them again before the end of the year. It cut rates to 0.25 percent in early ...

Markets - FXMM - Europe

Dollar set for weekly loss as markets cool before BoJ, Fed LONDON: The dollar was on course to fall for a second week against the yen on Friday after US retail sales data quelled lingering bets on the Federal Reserve raising interest rates next week, while faith in Bank of Japan action against its currency also seems limited.The past week has been dominated by a rethink on debt markets about the outlook for central bank policy in Europe and Japan. One currency leg of that looks ...

Markets - FXMM - Europe

Sterling steady above $1.32 after BoE keeps policy unchanged LONDON: Sterling held its ground above $1.32 on Thursday as Bank of England announcement on interest rates and monetary policy outlook were broadly in line with expectations, driving some investors to unwind bets made against the currency.While the BoE said it was still likely to cut interest rates to just above zero later this year, it said the initial Brexit hit to Britain's economy would be less severe than it expected only last month. That ...

Markets - FXMM - Europe

Yen edges up, mood still shaky after bond sell-off LONDON: The yen inched higher on Thursday with investors seeking safe havens as stock markets hit two month lows, although major currency pairs were otherwise little changed after the first of a batch of major central bank policy decisions.The Bank of Japan and U.S. Federal Reserve both meet next week after the Swiss National Bank and the Bank of England both held fire with any further moves to support growth or weaken their currencies on ...

Markets - FXMM - Europe

Stocks sell off boosts yen, dollar supported by Fed rate hike talk LONDON: The safe-haven yen was the winner on Monday as investors sold stocks and riskier assets including commodities, but the dollar outperformed higher-yielding currencies on fresh talk of an interest rate hike by the Federal Reserve in the near term.The focus will be on Fed Governor Lael Brainard's speech later in the day. The timing of a speech by the Fed's most-noted dove, just before the Fed's Open Market Committee blackout period, is too much ...

Markets - FXMM - Europe

Sterling treads water as market awaits Fed rate hike clues LONDON: Sterling traded flat against the dollar on Monday after recording its first week of losses in four, as investors awaited comments from Federal Reserve officials for further clues on whether U.S. interest rates will be hiked soon.The dollar rallied on Friday, hitting a one-week high of $1.3239 against sterling, as bets that U.S. rates will rise this year - perhaps as soon as this month - were revived by hawkish comments from Boston Fed ...