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Sleeping giant awakens? Downside risks for euro grow
A drop in the euro/dollar exchange rate to a four-month low raises the prospect of a repricing of one of the world’s most important macro-economic metrics and a potential re-rating of the U.S. currency across the globe......»»
Oil surges after Iran attacks U.S. forces in Iraq, WTI at around $65
Oil rose sharply, with U.S. crude rising nearly $3, on Wednesday after the U.S. said its forces in Iraq were attacked by Iranian ballistic missiles, raising the prospect of a regional conflagration that could cut oil supplies......»»
Gold surges as investors assess Mideast risk; stocks fall
Gold prices shot to almost seven-year highs on Monday while yields on U.S. Treasury and euro zone government debt fell as escalating U.S.-Iranian tensions spurred demand for safe-haven assets......»»
UK: sterling surges on Johnson election hopes
Sterling hit 2-1/2-year highs versus the euro on Thursday, on growing confidence that next week's election will give the Conservative Party the parliamentary majority it needs to deliver Brexit. David Pollard reports......»»
Austria"s AMS makes $4.8 billion counterbid for Germany"s Osram
Austrian sensor specialist AMS made a 4.3 billion euro($4.8 billion) counter-offer for larger German lighting group Osram on Tuesday, raising the prospect of a bidding war with private equity duo Bain Capital and Carlyle ......»»
Downbeat U.S. earnings sour investor optimism; euro slides on soft data
U.S. stocks were mixed on Wednesday as a series of disappointing earnings reports damped investor optimism over the prospect of a new round of U.S.-China trade talks next week, while the euro dropped to a two-month low amid soft economic data......»»
Trade talks buoy stocks, gloomy data sink euro
Global shares held on to recent gains on Wednesday as the prospect of new China-U.S. trade talks drew a guarded welcome from investors, while dour data on euro zone economic activity hit the euro before a European Central Bank policy meeting......»»
Asia stocks stay judgment on trade talks, euro pressured
Asian shares crept higher on Wednesday as the prospect of fresh Sino-U.S. trade talks drew a guarded welcome, while the euro hit lows on a range of counterparts amid speculation the European Central Bank was near to easing policy......»»
Stocks rally on bets of Fed rate cuts; euro wobbles
Asian stocks advanced on Thursday, tracking solid gains on Wall Street as weak economic data in the United States bolstered the prospect of rate cuts by the Federal Reserve as soon as this month......»»
Stocks rally on expected Fed rate cuts; euro on defensive
Asian stocks advanced on Thursday, tracking solid gains on Wall Street as data pointed to slowing economic growth in the United States, bolstering the prospect of rate cuts by the Federal Reserve as soon as this month......»»
Stocks rally again on expected Fed rate cuts; euro on defensive
Asian stocks advanced on Thursday, tracking sharp gains on Wall Street as recent data from multiple sectors pointed to slowing economic growth in the United States, bolstering the prospect of rate cuts by the Federal Reserve......»»
Merkel, Macron plot reform path: rocky road ahead?
The leaders of Germany and France met on Thursday to try to work out a common position on reforming the euro zone, a sensitive issue that is testing the new government in Berlin just a month after it took office. David Pollard reports......»»
Euro Surges After ECB"s Nowotny Suggests 20Bps Rate HIke
After a relatively flat overnight session for the common currency, the EURUSD spiked as much as 50 pips higher after Reuters quoted ECB hawk Ewald Nowot.....»»
Risk appetite returns as euro, Bund yields rise, copper surges
LONDON (Reuters) - World stocks hit a three-week high on Thursday and the euro and German Bund yields also rose as investors priced in a potentially earlier-than-expected wind-down of stimulus from the European Central Bank......»»
Merkel, Macron back euro zone budget but challenges ahead
The leaders of Germany and France have agreed to create a budget for the euro zone and hailed a "new chapter" for the currency union. But, as David Pollard reports, many wonder how it will work in a bloc with such diverging interests......»»
PMI: global services resilient against trade worries, for now
Business activity in the increasingly important service sector was up in China, Japan and the euro zone. But as David Pollard reports, the prospect of a trade war is having an impact on confidence in the outlook......»»
Pound Surges After Barnier Says Brexit Deal "Realistic" In 6-8 Weeks
The British pound surged, the euro hit session highs and the dollar slumped following a comment from the EU's chief Brexit negotiator Michel Barn.....»»
Euro: USD/EUR (EUR=X) surges in early trade
Euro: USD/EUR (EUR=X) surges in early trade Renewed euro strength early on this morning suggests we may see another attempt by EUR/USD to break the $1.1660 area that stifl.....»»
France"s Macron unveils plan to combat poverty
French President Emmanuel Macron, often branded by critics as the president of the rich, has unveiled an 8 billion-euro ($9 billion) plan to tackle poverty......»»
Euro Surges As Draghi Forecasts "Significantly Stronger Core Inflation"
While the ECB indeed trimmed its GDP outlook for 2018 and 2019 as previewed previously, cuttin.....»»