09262016Mon
Last update: Mon, 26 Sep 2016 05am

Europe

Markets - FXMM - Europe

Zloty, Polish stocks hit 4-month low on Moody's warning BUDAPEST/WARSAW: The zloty and Polish stocks touched 4-week lows on Friday after Moody's issued a warning over Warsaw's tension with the European Commission, preparing investors for a possible rating downgrade.Central European assets were mostly rangebound, with weakening bias due to concern that Federal Reserve Chair Janet Yellen will flag upcoming interest rate hikes in a speech later on Friday, which would make the region's high-yielding assets relatively less attractive.Regional stock indices mostly dropped, led by half percent loss in Budapest.Oil industry stocks fell, with Slovenia's Petrol shedding 0.4 percent even though it reported a rise in first-half earnings, and Warsaw's PKN Orlen losing 0.3 percent.Regional currencies and bonds were mixed and directionless, with investors awaiting clues from a batch of US economic data due later on Friday and from Yellen's speech.The forint, trading at 309.30 against the euro at 0859 GMT, was off the 4-month highs touched on Friday.The zloty ...

Markets - FXMM - Europe

Sterling firm near 3-week highs helped by robust data LONDON: Sterling hovered near a three-week high against the dollar on Friday, supported by solid growth and business investment data that helped offset worries over the impact of Britain's shock vote to leave the European Union.The pound was on track for its best weekly performance in six weeks against the single currency, having hit a two-week high on Wednesday.Short bets against sterling hit a record high in the week to Aug. 16, and traders said ...

Markets - FXMM - Europe

Sterling edges down from three-week high, GDP data eyed LONDON: Sterling edged down from a three-week high against the dollar on Thursday but traded just above $1.32, with worries over the economic impact of Britain's vote to leave the European Union having eased a touch after better-than-expected data.Though it was down half a percent on the day against the euro, the pound was on track for its best weekly performance in six weeks against the single currency, having hit a two-week high on Wednesday.Short ...

Markets - FXMM - Europe

Dollar rangebound as investors await Yellen's Jackson Hole speech LONDON: The dollar was steady on Thursday as investors stayed on the sidelines before the annual global central bankers' gathering in Jackson Hole, Wyoming, where Federal Reserve Chair Janet Yellen may offer new pointers on U.S. monetary policy.Recent hawkish statements by Fed officials including Vice Chairman Stanley Fischer and New York Fed President William Dudley have prompted some investors to raise bets that U.S. interest rates will rise sooner rather than later, and some believe ...

Markets - FXMM - Europe

Sterling near 3-week high as fears over impact of Brexit ease LONDON: Sterling traded close to a three-week high against the dollar on Thursday and was on track for its best week in six, with worries over the economic impact of Britain's vote to leave the European Union easing a little after recent better-than-expected data.The pound was also on track for its best week in six weeks against the euro, having hit a two-week high against the single currency on Wednesday.Short positions on sterling had reached ...

Markets - FXMM - Europe

Dollar slips as investors await Yellen's Jackson Hole speech LONDON: The dollar eased on Thursday as some investors sold the currency before the annual global central bankers' gathering in Jackson Hole, Wyoming, where Federal Reserve Chair Janet Yellen may offer new pointers on U.S. monetary policy.Recent hawkish statements by Fed officials including Vice Chairman Stanley Fischer and New York Fed President William Dudley have prompted some investors to raise bets that U.S. interest rates will rise sooner rather than later, and some believe Yellen ...

Markets - FXMM - Europe

Dollar treads water as traders focus on Yellen speech LONDON: The dollar crept up on Wednesday after falling the previous day, but was unable to break out of its recent trading ranges, as investors focused on a gathering of central bankers for clues on when the U.S. Federal Reserve will hike interest rates again.Analysts said data on Tuesday that showed new U.S. single-family home sales unexpectedly rose in July, reaching their highest level in nearly nine years, had helped the dollar marginally.The main focus ...