01172017Tue
Last update: Tue, 17 Jan 2017 07am

Europe

Markets - FXMM - Europe

Russian rouble rises on higher oil price, weaker dollar MOSCOW: The Russian rouble strengthened early on Monday, lifted by higher oil prices and a weaker U.S. dollar.At 0729 GMT, the rouble was 0.5 percent stronger against the dollar at 61.78 and had gained 0.3 percent to trade at 64.65 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was up 0.5 percent at $55.5 a barrel in anticipation of tighter global crude supply following a recent decision by OPEC and other producers to cut output.Russian share indexes were mixed following strong gains last week.The dollar-denominated RTS index was up 0.1 percent to 1,136 points, while the rouble-based MICEX was 0.1 percent lower at 2,228 points."We note that expectations for a rise in oil prices and relatively low market valuations ... are conducive to ending the year around current maximum levels," Promsvyazbank analysts said in a note on Russian stocks.Russian assets have risen strongly in recent weeks ...

Markets - FXMM - Europe

Dollar dips as investors lighten positions into year-end LONDON: The dollar dipped on Monday, pulling away from 14-year highs hit last week on expectations of a faster pace of U.S. monetary tightening, as investors booked profits and lightened hefty bets on the currency into the end of the year.It had surged after a policy statement from the Federal Reserve on Wednesday, threatening parity with the euro as markets moved to price in the chance that rates will be hiked three times in 2017.But ...

Markets - FXMM - Europe

Sterling slips against dollar for a second week LONDON: Sterling traded close to a three-week low against the dollar on Friday, recording a second week of losses against a greenback that has risen sharply on expectations for a faster-than-anticipated increase in US interest rates. The US currency soared to 14-year highs against a basket of currencies this week after the Federal Reserve on Wednesday hinted that rates could rise three times over the course of next year - up from a forecast of ...

Markets - FXMM - Europe

Euro slumps to 2003 dollar low on Fed rate outlook LONDON: The euro tumbled Thursday to a near 14-year dollar low against the dollar, one day after the US Federal Reserve lifted interest rates and signalled three more hikes for next year.Shortly after midday, the European single currency tanked to $1.0405, which was the lowest level since January 2003."Investors who were expecting the final weeks of trading before Christmas to conclude on a quiet note received a shocker on Wednesday following the firmly hawkish (Fed) ...

Markets - FXMM - Europe

Sterling weakens to $1.25, eyes on BoE, sales LONDON: Sterling fell almost half a percent in morning trade in Europe on Thursday, suffering along with a raft of other currencies against the dollar after the U.S. Federal Reserve raised its forecasts for interest rates next year.The pound has been threatening to break past resistance around $1.27-$1.28 all week but in early deals in London it was struggling to hold above $1.25 after the dollar's surge overnight.It was flat at 83.78 pence per euro ...

Markets - FXMM - Europe

Dollar makes fresh charge after Fed hikes rates LONDON: The dollar charged to an almost 14-year high and government bond yields rose sharply on Thursday, after the Federal Reserve hiked U.S. interest rates and signalled more would follow at a faster pace next year.European shares got off to a solid start with banks up almost 2 percent, cheered by the prospect of a boost from higher rates to their lending profits, but the main action was elsewhere.Bond markets saw yields on short-term U.S. ...

Markets - FXMM - Europe

Dollar steady ahead of Fed rate decision LONDON: The dollar was steady on Wednesday in the run in to the Federal Reserve's policy statement later in the day, with an almost 1 percent fall this week showing minimal expectations the Fed will ramp up its forecasts for future rises in interest rates.The Fed is seen as all but certain to raise its main rate by a quarter point to 0.50-0.75 percent. It will be Chair Janet Yellen's tone, and new forecasts for ...