- Reuters
ECB determined to act on medium-term inflation outlook - Rehn
"Despite the stronger labour market and accelerating wages, inflationary pressures remain muted, and indicators of inflation expectations have declined with the weakening economic outlook," Rehn, a Governing Council member, said in a speech published by the central bank. Rehn was somewhat
- Reuters - UK Focus
Sterling edges lower after recent bounce on Brexit deal hopes
Sterling edged lower on Monday, although sentiment towards the pound was better than in recent sessions as investors hoped Britain and the European Union could make some progress in Brexit talks. The pound last week had its strongest run in two months, helped by investors cutting their bets against
- Reuters
Factbox: Rescue plan for Italian bank Carige
Italian banks have agreed a rescue plan for Carige led by the depositor protection fund (FITD) which will shoulder the bulk of a 900 million euro (£825 million) cash injection. Aimed at avoiding a liquidation or resolution of the bank, the plan requires the backing of Carige's shareholders. Weakened
- Reuters - UK Focus
GLOBAL MARKETS-Stimulus optimism boosts stocks, eases pressure on bonds
Hopes of government action to stave off fears of recession - triggered by an inversion in the U.S. bond yield curve - grew as China's central bank unveiled interest rate reforms expected to lower corporate borrowing costs. The prospect of Germany's coalition government ditching its balanced
- Reuters - UK Focus
FOREX-Euro gains after biggest weekly drop in 6 weeks; Swiss franc firm
The euro advanced on Monday after registering its biggest weekly drop in nearly two months as risk appetite gradually returned to global markets after a week of turmoil, though investors were still wary about the near term outlook for the single currency. With hopes of fiscal stimulus from Germany growing
- Reuters - UK Focus
GLOBAL MARKETS-Stimulus hopes support stocks, ease pressure on bonds
Global equity markets rose on Monday on signs that major economies would look to prop up stalling growth with fresh stimulus measures, easing pressure on bonds and dampening demand for perceived safe-havens such as gold. Hopes of government action to stave off fears of recession - triggered by an inversion
- Reuters - UK Focus
Sterling slips back from recent highs vs euro on Brexit talk hopes
Sterling fell back from a near three-week high against the euro on Monday but sentiment towards the pound was better than in recent sessions as investors hoped Britain and the European Union would make some progress in Brexit talks. The pound last week had its strongest run in two months, helped by
- Reuters - UK Focus
FOREX-Euro gains after biggest weekly drop in 6 weeks as risk appetite returns
The euro steadied on Monday after suffering its biggest weekly drop in nearly two months as risk appetite gradually returned to global markets after a week of turmoil. Market strategists believe his comments will be aimed at reassuring nervous markets that the Fed will remain in an easing stance and
- Reuters - UK Focus
FOREX-Safe-haven currencies out of favour on stimulus hopes, focus on Huawei
Safe-haven currencies such as the yen and Swiss franc were under pressure on Monday as expectations that policymakers would unleash new stimulus eased immediate concerns about a slowing global economy. Such hopes found support from the Chinese central bank's interest rate reforms over the weekend
- Reuters - UK Focus
FOREX-Safe-haven currencies under pressure as stimulus hopes grow
Safe-haven currencies such as the yen and Swiss franc were under pressure on Monday as expectations policymakers would unleash new stimulus eased immediate concerns about a slowing global economy. Such hopes found support from the Chinese central bank's interest rate reforms over the weekend, seen
- Reuters
Stimulus optimism boosts stocks, eases pressure on bonds
World stock markets rose on Monday on signs that major economies would look to prop up stalling growth with fresh stimulus measures, easing pressure on bonds and dampening demand for perceived safe-havens such as gold. Hopes of government action to stave off fears of recession - triggered by an inversion
- Reuters - UK Focus
GLOBAL MARKETS-Dollar firms, stocks soar on ECB rate cut expectations
U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy. The dollar hit a two-week high against the euro as expectations
- Reuters - UK Focus
FOREX-Dollar flat on soft consumer sentiment, possible German stimulus
The dollar ended roughly flat on Friday, retracing the morning's move higher, after worries tied to trade tensions and a Federal Reserve rate cut weighed on consumer sentiment and a report that Germany may run a deficit to boost growth lifted the euro. Germany's right-left coalition government
- Reuters - UK Focus
Speculators trim long dollar bets - CFTC and Reuters
Speculators cut their bullish bets on the U.S. dollar in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the dollar's net long position, derived from net positions of International Monetary Market speculators in
- Reuters - UK Focus
GLOBAL MARKETS-Dollar firms, stocks soar on ECB rate cut expectations
The dollar strengthened while U.S. and European stocks surged on Friday amid growing expectations the European Central Bank will cut interest rates to stimulate the economy and after China said it plans to boost disposable income to spur consumption. Benchmark U.S. Treasury yields rose from three-year
- Reuters - UK Focus
FOREX-Dollar rises on bullish data, euro's fall
The dollar rallied on Friday on bullish economic data and hit a two-week high against the euro as expectations of central bank stimulus weighed on the single currency. Better-than-expected retail sales data in the United States on Thursday also encouraged buying of the dollar. "Any downturn in
- Reuters - UK Focus
UPDATE 2-Data, politics fuel big gains for pound vs euro, dlr for the week
The pound advanced broadly on Friday, notching up its biggest daily rise versus the euro in nearly five months, as a combination of news and decent data provided enough ammunition to speculators to buy the struggling British currency. After being hit by growing concerns of Britain crashing out of the
- Reuters
Brazil's foreign exchange move paves way to reduce $385 billion reserve stash
Brazil's decision to sell dollars on the spot market for the first time in a decade is a sign the central bank is finally willing to reduce its $385 billion pile of foreign exchange reserves, analysts said. Officially, the central bank's announcement on Wednesday that it will sell dollars -
- Reuters - UK Focus
FOREX-Norway's crown slides to 17-year low, euro drops on rate expectations
The crown extended its selloff after the Norges bank said on Thursday its plan for an interest rate rise this year was now more uncertain. Trade tensions between the United States and China intensified last week after President Donald Trump warned he will be raising tariffs on additional Chinese imports
- Reuters - UK Focus
Pound set for biggest weekly gain in nearly 2 months as no-deal Brexit opposition grows
The pound gained for a second consecutive day on Friday after a stream of resilient economic data this week calmed sentiment on the health of the UK economy and as opposition parties launched plans to block a no-deal Brexit. British retail sales unexpectedly expanded in July and signaled that consumers
- Reuters - UK Focus
FOREX-Dollar holds advantage for now, traders still wary about global growth risks
The greenback was on course for a weekly gain against safe-haven currencies such as the Japanese yen and the Swiss franc, pointing to some respite for frayed nerves after fears of recession and protests in Hong Kong rattled financial markets. During Asian trading the dollar briefly extended gains and
- Reuters
Thailand plans $10 billion stimulus to support economy
Thailand is planning a stimulus package worth $10 billion that will include support for farmers and tourism, its finance minister said on Friday, in a move to shore up a flagging economy. Southeast Asia's second-largest economy expanded 2.8% in the first quarter, the weakest annual pace in more
- Reuters - UK Focus
FOREX-Dollar holds onto gains, but sentiment remains fragile
The greenback was on course for a weekly gain against safe-haven currencies such as the Japanese yen and the Swiss franc, pointing to some respite for frayed nerves after fears of recession and protests in Hong Kong rattled financial markets. This week's inversion in the U.S. Treasury yield curve
- Reuters
Dollar firms, stocks soar on ECB rate cut expectations
U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy. The dollar hit a two-week high against the euro as expectations
- Reuters - UK Focus
GLOBAL MARKETS-Stocks falter, dollar recovers on renewed growth worries
The dollar recovered from early weakness but a gauge of world equity performance edged lower on Thursday as concerns about global growth offset investor optimism over a surge in U.S. retail sales last month and strong Walmart earnings. Gold prices, which have climbed almost 20% since late May on uncertainty
