07012016Fri
Last update: Fri, 01 Jul 2016 04am

Europe

Markets - FXMM - Europe

Russian rouble falls as Brexit fears weigh on oil MOSCOW: The Russian rouble fell on Thursday morning, tracking the price of oil which is slipping lower on fears Britain might leave the European Union.At 0740 GMT, the rouble was 0.6 percent weaker against the dollar at 65.92 and had lost 0.5 percent to 74.27 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was down 1.6 percent at $48.2 a barrel, which traders said reflected concerns a vote for Brexit would have negative consequences for the global economy.Analysts said those concerns were outweighing the potential boost to the rouble from the U.S. Federal Reserve's decision to leave interest rates on hold."On the one hand the weakening of the dollar and of risks of higher Fed rates is a clear positive for the rouble. But the lowering of oil prices is putting pressure on it in the other direction," Teletrade analyst Mark Goykhman said in a note.Russian ...

Markets - FXMM - Europe

Pound dips as poll shows 53 percent favour Brexit LONDON: Sterling fell by around a third of a percent on Thursday as the tightly-fought campaign on Britain's referendum on EU membership entered its final week and the latest polling showed the "Leave" camp in front.An IPSOS-MORI poll for London's Evening Standard newspaper showed 53 percent would vote to leave next Thursday and bookmakers now put the odds of a decision that would send a shockwave through global financial markets at almost 40 percent.The pound, ...

Markets - FXMM - Europe

Higher stocks dim allure for safe haven yen, Fed meeting awaited LONDON: The safe-haven yen and Swiss franc lost ground on Wednesday as risk appetite recovered, although most investors were on the sidelines before a Federal Reserve policy decision later in the day. European stocks rose early on Wednesday, while China's stock market saw the biggest gains in two weeks, shrugging off MSCI's decision not to add mainland shares to one of its key benchmark indexes. The Fed concludes its two-day Federal Open Market Committee (FOMC) ...

Markets - FXMM - Europe

Small ‘Remain’ lead in UK poll helps sterling steady LONDON: Sterling gained ground for the first time in more than a week on Wednesday, rising one-third of a percent against the euro and dollar after the latest poll gave the Remain camp a marginal lead ahead of next week's referendum on EU membership.Traders said the wait for a statement from the U.S. Federal Reserve after UK markets close was also calming the market.Opinion surveys in the past week showing a swing towards a vote ...

Markets - FXMM - Europe

Sterling skids to 2-month low as Brexit fears intensify LONDON: Sterling skidded over 1 percent against the dollar on Tuesday to hit its lowest level in two months, after another opinion poll put the "Leave" campaign clearly ahead just nine days before a referendum on whether Britain should stay in the European Union. The latest survey, from market research company TNS, gave British support for leaving the EU a seven-point lead, adding to a string of polls that put the Brexit campaign ahead. Betting ...

Markets - FXMM - Europe

Sterling hits 8-week low vs dollar as Brexit worries grow LONDON: Sterling fell more than 1 percent against the dollar on Tuesday to hit 8-week lows, after opinion polls showed growing support for Britain leaving the European Union ahead of a vote next week. Betting markets have lowered the chances of the country remaining in the European Union, creating more anxiety among investors.The implied probability of a vote to remain inside the bloc fell to around 55 percent on Tuesday, down more than 20 percentage ...

Markets - FXMM - Europe

Yen hits 3-year highs vs euro as Brexit worries mount LONDON: The yen surged to its strongest level against the euro for more than three years on Tuesday as the chances of Britain voting next week to leave the European Union grew, pushing investors towards the security of Japan and other traditional safe havens. As opinion polls continued to show the "Leave" camp moving ahead before the June 23 vote, and Britain's biggest selling paper, the Sun, came out in favour of leaving the bloc, ...