01252017Wed
Last update: Wed, 25 Jan 2017 04am

Europe

Markets - FXMM - Europe

Russian rouble slips on lower oil prices MOSCOW: The Russian rouble opened slightly weaker on Wednesday, following lower oil prices which slipped on doubts a planned crude production cut led by OPEC and Russia would be deep enough to end a market oversupply glut.  At 0735 GMT, the rouble was 0.1 percent weaker against the dollar at 63.97 and had lost 0.2 percent to trade at 68.57 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was down 0.3 percent at $53.78 a barrel.Oil prices jumped almost 20 percent after the Organization of the Petroleum Exporting Countries (OPEC) and Russia last week announced they would jointly cut production next year.But doubts have emerged over whether the planned cuts will be big enough. Both OPEC and Russia have since reported record production levels.The dollar-denominated RTS index was up 0.4 percent to 1,064 points, while the rouble-based MICEX was 0.3 percent higher at 2,158 points."After conquering historic heights, the Micex has fallen back under the influence of lower oil ...

Markets - FXMM - Europe

Turkey ANKARA: Turkey's defence ministry said on Wednesday it had converted into lira $262.7 million and 31.3 million euros ($33.5 million) held by the defence industry support fund in response to a call from President Tayyip Erdogan to boost the Turkish currency. Separately, broadcaster NTV reported that Turkey's energy market regulatory authority EPDK had decided to hold natural gas distribution tenders in lira instead of dollars.  Copyright Reuters, 2016 ...

Markets - FXMM - Europe

Euro surge halts sterling run towards 5-month high      LONDON: Sterling retreated from its highest since July against the euro and steadied off two-month peaks against the dollar on Monday, in trading dominated by a rebound for the single currency after Italy voted against constitutional reform in a referendum.  The pound briefly hit its strongest since early October against the dollar in early London trade, extending one of the currency market's best runs over the past month.  But it fell 0.7 percent against a broadly stronger single currency to trade ...

Markets - FXMM - Europe

Euro jumps above $1.07, shrugging off Italian referendum defeat      LONDON: The euro jumped above $1.07 for the first time since mid-November on Monday, rebounding around 2 cents after hitting 21-month lows after Italy's prime minister conceded defeat in a referendum on constitutional reform and said he would resign.  The single currency slid as much as 1.4 percent in Asian trade to $1.0505, its weakest since March 2015, as investors fretted Matteo Renzi's departure would lead to more political instability in the currency union.  By 1225 GMT, though, it had recovered ...

Markets - FXMM - Europe

Russian rouble performance mixed; shares edge higher MOSCOW: The Russian rouble was mixed early on Monday, falling slightly against the dollar but rising against the euro, while Moscow-listed shares rose for a fourth straight session.At 0808 GMT, the rouble was less than 0.1 percent weaker against the dollar at 63.88 but had gained 0.6 percent to trade at 67.77 versus the euro.The rouble rose against the euro after the European single currency fell after Italian Prime Minister Matteo Renzi said he would resign following a defeat in a ...

Markets - FXMM - Europe

Russian rouble dips as oil comes off multi-month highs MOSCOW: The Russian rouble dipped slightly in early trade on Friday as oil ticked lower, and Russian stocks fell after hitting a record high overnight.  At 0720 GMT, the rouble had lost 0.3 percent to fall to 64.17 against the dollar and was down 0.6 percent against the euro to trade at 68.5..The moves reflected a slide in Brent crude futures, a global benchmark for Russia's main export. They were down 0.7 percent at $53.55 a barrel.The decline in oil ...

Markets - FXMM - Europe

Sterling drifts lower, unmoved by Vlieghe message LONDON: Sterling drifted lower against both the dollar and euro on Monday, with dealers citing one substantial late morning order as having moved currency rates in a session dominated by a correction to recent dollar gains. The euro, also helped initially by Sunday's victory for Francois Fillon in the French right's presidential primary, was 0.3 percent higher against sterling after racking up its worst run of weekly losses against the pound since early 2015 last ...