09262016Mon
Last update: Mon, 26 Sep 2016 03am

Europe

Markets - FXMM - Europe

Currencies and stocks firm, Polish central bank seen on hold BUDAPEST: Central European currencies and equities firmed on Monday after weaker-than-expected US jobs data lowered expectations of an imminent Federal Reserve rate hike, and Poland's central bank was seen keeping its own rates on hold later in the week.Investors closely watch the yield premium offered by Central European assets over US Treasuries, which are considered less risky.The zloty and the forint firmed 0.4 and 0.3 percent respectively against the euro by 1138 GMT.The forint traded on the strong side of the key 310 level, approaching the six-month highs it reached late last month. The zloty, trading at 4.355, was off a 7-week low hit on Friday.Poland's central bank is expected to keep interest rates on hold at its meeting on Wednesday, but "investors will have a close look on the wording and possible indication of changes to the monetary policy given recent speculation on renewed rate cuts", Raiffeisen analyst Wolfgang ...

Markets - FXMM - Europe

Dollar dips vs yen as bets on imminent BoJ easing fade LONDON: The dollar fell against the yen on Monday after the head of the Bank of Japan disappointed investors who had expected a clear signal that monetary policy would be eased further this month. The greenback hit a five-week high on Friday as markets bet that the US Federal Reserve was still likely to raise interest rates in the coming months, despite disappointing US jobs numbers. But having gained more than 4 percent against the ...

Markets - FXMM - Europe

Sterling stalls after hitting 7-week dollar high LONDON: Sterling struggled to make further progress on Monday after hitting a 7-week high against the dollar on the back of a survey that added to signs Britain's economy has ridden out the initial fallout of June's vote to leave the European Union. The pound also hit a 4-week peak against the euro after the Purchasing Managers' Index (PMI) for the dominant services sector showed the biggest one-month gain in the survey's 20-year history, beating ...

Markets - FXMM - Europe

Sterling hits 7-week high vs dollar after robust UK services survey LONDON: Sterling jumped to a 7-week high against the dollar on Monday, and hit a one-month peak against the euro after a survey showed Britain's services industry bounced back strongly in August from a slump triggered by June's vote to leave the European Union.The Markit/CIPS Purchasing Managers' Index (PMI) for the dominant services sector jumped to 52.9 in August from July's seven-year low of 47.4, the biggest one-month gain in the survey's 20-year history and ...

Markets - FXMM - Europe

Sterling firm near one-month high, awaits key UK services data LONDON: Sterling hovered near a one-month high on Monday, with investors awaiting a survey on Britain's dominant services sector that is expected to show that the economy is stabilising after the shock Brexit vote in June.The pound was also stronger against the dollar which eased after data showed U.S. jobs growth in August falling short of expectations, reducing the likelihood that the Federal Reserve will raise rates later this month. The dollar index was down ...

Markets - FXMM - Europe

Dollar dips vs yen after BOJ's Kuroda disappoints easing bets LONDON: The dollar slipped against the yen on Monday, after the head of the Bank of Japan disappointed those investors who had expected a clear signal that monetary policy would be eased further this month.The greenback hit a five-week high on Friday as markets bet that the U.S. Federal Reserve was still likely to raise interest rates in the coming months, despite disappointing U.S. jobs numbers.But having gained more than 4 percent against the Japanese ...

Markets - FXMM - Europe

Sterling underpinned by UK construction survey, awaits US jobs LONDON: Sterling rose to a day's high on Friday after a survey showed a downturn in Britain's construction sector was easing, boosting expectations that the economy is holding up well after the shock Brexit vote in June. The Markit/CIPS UK Construction Purchasing Managers' Index (PMI) rose to 49.2 from 45.9 in July, still below the 50 mark dividing growth and contraction but beating all forecasts in a Reuters poll.Sterling rose to a high of $1.3295, ...