02142016Sun
Last update: Sun, 14 Feb 2016 05pm

Europe

Markets - FXMM - Europe

Sterling hits 13-mth low vs euro on stocks sell-off, Brexit concern LONDON: Sterling fell to a 13-month low against the euro on Monday, as a sell-off in global stock markets hit currencies perceived to be riskier with uncertainty about Britain's place in the European Union also weighing on sentiment.Britain's top share index joined other global indices, dropping to its lowest level in over two weeks, weighed down by banking stocks which hit multi-year lows.Bank stocks in Europe and the UK were deep in the red with traders citing lower earnings as one of the factors. Britain's huge banking and financial sector helps in plugging the country's current account gap and any risk to the sector is likely to hit the pound, traders said.The pound hit a 13-month low against the euro. The single currency, often preferred during times of financial market stress, was up 0.8 percent at 77.59 pence and has gained more than 5 percent this year.Sterling shed 0.6 percent ...

Markets - FXMM - Europe

Sterling subdued by Brexit uncertainty and UK rate outlook LONDON: Sterling traded below a recent one-month high against the dollar on Monday, as uncertainty about Britain's place in the European Union and diminishing rate hike prospects kept investors cautious. Sterling was trading at $1.4496, off the one-month high of $1.4672 it hit last Thursday after Bank of England chief Mark Carney quashed talk that interest rates could be cut in the coming months, with lower stocks also weighing on sentiment.The pound was lower against ...

Markets - FXMM - Europe

Dollar back on defensive as stocks head lower LONDON: The dollar turned lower against the euro in Europe on Monday as stock markets resumed their decline, wiping out gains based on Friday's US jobs report. A rise in oil prices during Asian trading helped commodity-linked currencies like the Australian and Canadian dollars gain, but that advance faded as crude turned lower. Concern over economic growth last week drove the dollar to its worst performance in more than four years, until solid numbers on ...

Markets - FXMM - Europe

Rouble, tenge lead currency gains, stocks edge lower LONDON: Oil producers Russia and Kazakhstan led emerging currency gains on Monday thanks to relatively stable oil prices although EM stocks edged lower, with China and most other Asian markets closed for Lunar New Year. The Russian rouble opened 1 percent higher and the Kazakh tenge firmed 1.8 percent after Brent crude futures rallied to over $34 a barrel in early trading on continued speculation about a co-ordinated cut in production.But by 1000 GMT the ...

Markets - FXMM - Europe

Rouble falls with oil ahead of US jobs report MOSCOW: The Russian rouble fell on Friday morning, tracking the oil price lower, with markets cautious ahead of monthly US jobs data that may influence the dollar. At 0755 GMT, the rouble was 0.3 percent weaker against the dollar at 77.22 and had lost 0.3 percent to 86.46 versus the euro. Brent crude oil, a global benchmark for Russia's main export, was down 0.7 percent at $34.2 a barrel. "Oil as before remains the basic ...

Markets - FXMM - Europe

Dollar in doldrums as heads for worst week since 2009 LONDON: The dollar inched up from a 2-1/2-month low on Friday but was on track for its heaviest weekly loss since 2009, as investors awaited US employment data for justification of the view that the Federal Reserve will not raise rates in 2016. The dollar has shed almost 3 percent against a basket of major currencies since Monday as expectations that the Fed would raise interest rates at least once this year have all but ...

Markets - FXMM - Europe

Sterling retreats from 1-month high as Brexit concerns weigh LONDON: Sterling retreated from a one-month high against the dollar on Friday, hurt by a poll that showed that those campaigning for Britain to leave the European Union had taken a 9-point lead, triggering renewed anxiety among investors. The YouGov survey, taken in the two days after Prime Minister David Cameron set out his proposed changes for Britain's relationship with the EU, represents the biggest lead for the 'out' campaign since the referendum wording was ...