07272016Wed
Last update: Wed, 27 Jul 2016 04pm

Europe

Markets - FXMM - Europe

Swiss franc cedes ground as SNB confirms FX intervention LONDON: The Swiss franc retreated on Friday from its highest level since last August against the euro, after the Swiss National Bank confirmed it was intervening in the currency market to stem its rise. The franc, treated as a safe-haven currency during times of financial market turmoil, had risen after Britain voted to leave the European Union in a historic decision earlier in the day. The euro recovered to trade 0.6 percent lower on the day at 1.0846 francs, having hit a low of 1.0623 francs early in the London session. Copyright Reuters, 2016 ...

Markets - FXMM - Europe

Yen slips as Japanese policymakers ratchet up intervention rhetoric LONDON: The yen retreated further from more than two-year highs against the dollar on Friday, after Japanese authorities hinted at the possibility of intervention in the currency market. The dollar traded at 103.08 yen, up around 2.8 percent on the day, compared with 102.75 before a slew of comments from senior Japanese officials. Japanese Finance Minister Taro Aso said Prime Minister Shinzo Abe had instructed him to cooperate with the Bank of Japan and closely ...

Markets - FXMM - Europe

Disbelief, chaos as traders grapple with Brexit vote SYDNEY: Disbelief and shock hit financial trading rooms on Friday as Britain voted to leave the European Union in a decision that sparked upheaval across Asian markets.Sharemarkets in the region spiralled into the red after early forecasts during morning trade that Britons would choose to stay in the grouping gave way to results pointing towards an exit."We all read the same information, we all watch the same screens and clearly the betting companies didn't have ...

Markets - FXMM - Europe

Sterling hits 2016 high on bets Britain will stay in EU LONDON: Sterling hit a 2016 high and the euro surged against the dollar and yen on Thursday after a series of late opinion polls favoured Britain staying in the European Union and bookmakers odds indicated a further shift towards the "Remain" camp.An Ipsos MORI poll for the Evening Standard, conducted on Tuesday and Wednesday, showed 52 percent of British voters would opt to remain while 48 percent would opt to leave. An online Populus poll ...

Markets - FXMM - Europe

Sterling hits 2016 high, stocks climb as UK votes on Brexit LONDON: Sterling hit a 2016 high and world stocks climbed for a fifth day running on Thursday, as British voters headed to the polls for a crucial vote on their European Union membership.Financial markets have been wracked for months by worries about what a potential Brexit would mean for Europe's stability but the latest opinion polls showing the "Remain" camp holding a small lead have provided some comfort.The pound, which has been the lightning rod ...

Markets - FXMM - Europe

Russian rouble stronger with oil; Brexit vote clouds outlook MOSCOW: The Russian rouble traded stronger early on Thursday, helped by a higher oil price and the approaching end-of-month tax period, but the British vote on whether to leave the European Union meant markets were likely to be volatile.At 0745 GMT, the rouble was 1 percent stronger against the dollar at 64.26 and had gained 0.8 percent to 72.81 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was up 0.5 percent ...

Markets - FXMM - Europe

Sterling slips after poll gives Brexit camp 1-point lead LONDON: Sterling slipped on Wednesday after an opinion poll gave the "Leave" campaign a one-point lead over those who want to keep Britain in the European Union, less than 15 hours before voting in a membership referendum begins. The Opinium survey of around 3,000 people, conducted between June 20 and 22, put support for "Leave" at 45 percent and "Remain" at 44 percent. Opinium's previous poll, published on Saturday and based on polling between June ...