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  • A group of British and Irish lawyers are seeking to challenge Britain's decision to leave the European Union in the Irish High Court to try to establish if Brexit can be reversed once divorce talks have been triggered. The lawyers hope the court in Dublin will ask the European Court of Justice, the EU's highest court, …

  • Italy's BMPS reels from ECB deadline reports

    The headquarters of Italian bank Monte Dei Paschi di Siena, at Piazza Salimbeni in Siena, Tuscany

  • Fresh records for US stocks; European shares mostly up

    All three Wall Street stocks surged to fresh records December 9, 2016, reaching new highs for the second straight session

  • Speculators push long U.S. dollar bets to 11-month peak -CFTC, Reuters Reuters - UK Focus - Fri, Dec 9, 2016 22:07 GMT

    Speculators increased positive bets on the U.S. dollar for a third straight week, pushing net longs to their highest since early January. The value of the dollar's net long position rose to $28.14 billion ...

  • GLOBAL MARKETS-Wall Street rises with Treasury yields, euro slides Reuters - UK Focus - Fri, Dec 9, 2016 21:29 GMT

    U.S. stocks closed higher on Friday as more investors piled in on the presidential election rally while the euro continued to weaken after the European Central Bank's decision a day earlier to extend economic stimulus. U.S. Treasury yields climbed with benchmark yields marking a fifth consecutive week of increases on stronger-than-forecast …

  • GLOBAL MARKETS-U.S. stocks rise with Treasury yields, euro slides Reuters - UK Focus - Fri, Dec 9, 2016 20:13 GMT

    U.S stocks followed Europe higher on Friday as investors piled in on the post-Trump-election rally while the euro weakened against the dollar as investors continued to digest the European Central Bank's Thursday decision to extend economic stimulus. European shares hit their highest level and had their best week since …

  • FOREX-Euro drops for second day after dovish ECB meeting Reuters - UK Focus - Fri, Dec 9, 2016 19:52 GMT

    NEW YORK, Dec (Shanghai: 600875.SS - news) 9 (Reuters) - The euro dropped on Friday for a second consecutive day in a continued reaction to the European Central Bank's extending its bond-buying program longer than many had anticipated, even as the bank cut the size of the monthly purchases. The ECB said on Thursday it …

  • World stocks squeeze out gains, Italian bank trembles

    Milan shares ended 0.7 percent lower,  dragged down by Monte dei Paschi di Siena, whose stock tumbled over 10 percent after reports the ECB had denied it more time to raise the cash it needs

  • Sterling heads for first week of falls in four Reuters - UK Focus - Fri, Dec 9, 2016 16:44 GMT

    LONDON, Dec (Shanghai: 600875.SS - news) 9 (Reuters) - Sterling slipped against the dollar on Friday and was on track for its first week of falls in four, with investors' hopes for a delayed Brexit dampened after British lawmakers said they would stick to Prime Minister Theresa May's timetable. BNP Paribas (LSE: 0HB5.L …

  • GLOBAL MARKETS-US, European stocks rise along with U.S. Treasury yields Reuters - UK Focus - Fri, Dec 9, 2016 16:30 GMT

    U.S stocks followed Europe higher on Friday while the euro weakened against the dollar after the European Central Bank's Thursday decision to extend its stimulus program. U.S. Treasury yields climbed with ...

  • Growth paths diverge in eurozone's top economies AFP - Fri, Dec 9, 2016 15:50 GMT
    Growth paths diverge in eurozone's top economies

    Third-quarter growth in Germany stood at 0.2% compared with the previous three months, according to provisional data from the federal statistics office Destatis

  • Ireland to reduce bond-buying pace to stay in QE scheme Reuters - UK Focus - Fri, Dec 9, 2016 15:38 GMT

    DUBLIN, Dec (Shanghai: 600875.SS - news) 9 (Reuters) - Ireland (Other OTC: IRLD - news) 's central bank will reduce the pace of bond-buying under the euro zone's quantitative easing stimulus programme in order to remain in the scheme until its scheduled end next December, a source familiar with the matter said on Friday. …

  • FX Focus: Pound extends gains against the euro and climbs over €1.19 International Business Times - Fri, Dec 9, 2016 13:30 GMT
    UK trade balance narrows more than expected in October

    The pound recorded solid gains against the euro on Friday (9 December), after a report showed Britain's trade deficit narrowed more than forecast in October. The pound was broadly flat against the dollar, fetching $1.2593, but gained 0.58% against the euro, trading at €1.1923, after climbing almost 1% in the previous session …

  • FOREX-Euro, yen fall as dollar momentum builds again Reuters - UK Focus - Fri, Dec 9, 2016 12:55 GMT

    LONDON, Dec (Shanghai: 600875.SS - news) 9 (Reuters) - The euro was back under pressure on Friday after an extension of the European Central Bank's programme of money-printing drove its biggest daily loss against the dollar since Britain's vote to leave the European Union in June. While the ECB said it would reduce the …

  • European stocks squeeze out further gains AFP - Fri, Dec 9, 2016 12:17 GMT
    World stocks squeeze out gains, Italian bank trembles

    European stock markets have enjoyed a strong trading week

  • GLOBAL MARKETS-World stocks hold near 16-month highs after strong week Reuters - UK Focus - Fri, Dec 9, 2016 12:09 GMT

    LONDON, Dec (Shanghai: 600875.SS - news) 9 (Reuters) - World stocks held near 16-month highs on Friday, set for a strong weekly gain, while the euro fell further after the European Central Bank's decision to extend its stimulus programme. European shares hit their highest level for 11 months, and were set for their best …

  • Ireland to reduce bond-buying pace to stay in QE scheme - source Reuters - UK Focus - Fri, Dec 9, 2016 11:39 GMT

    DUBLIN, Dec (Shanghai: 600875.SS - news) 9 (Reuters) - Ireland (Other OTC: IRLD - news) 's central bank will reduce the pace of bond-buying under the bloc's quantitative easing stimulus programme and is confident it can remain in the scheme until its scheduled end in December 2017, a source familiar with the matter said …

  • Bundesbank lifts German growth outlook for 2016, 2017

    The German economy should expand by 1.8 percent in both 2016 and 2017, according to an estimate from the Bundesbank

  • Sterling hit day's high after data shows trade deficit narrowing Reuters - UK Focus - Fri, Dec 9, 2016 09:47 GMT

    LONDON, Dec (Shanghai: 600875.SS - news) 9 (Reuters) - Sterling nudged up to a day's high against the U.S. dollar on Friday after data showed Britain's trade deficit narrowed more than expected in October. It was also up slightly against the euro at 0.8417 pence , adding to around 1 percent gains on Thursday after the …

  • Britons see higher inflation and interest rates in 2017-BoE survey Reuters - UK Focus - Fri, Dec 9, 2016 09:32 GMT

    LONDON, Dec (Shanghai: 600875.SS - news) 9 (Reuters) - Britons expect a sharp rise in inflation over the coming year following the plummet in the value of sterling after Britain's vote to leave the European Union, and more now believe a hike in interest rates is on the way, a Bank of England survey showed. The survey …

  • Fairfax unit sells more shares in Bank of Ireland Reuters - UK Focus - Fri, Dec 9, 2016 09:19 GMT

    A subsidiary of Fairfax Financial Holdings, one of the shareholders who helped keep Bank of Ireland out of state hands in 2011, is selling half of its remaining stake in the Irish lender, the bank managing ...

  • FOREX-Euro steadies after biggest fall since Brexit vote Reuters - UK Focus - Fri, Dec 9, 2016 09:01 GMT

    LONDON, Dec (Shanghai: 600875.SS - news) 9 (Reuters) - The euro recovered a foothold on Friday after an extension of the European Central Bank's programme of money-printing till the end of next year drove its biggest daily loss against the dollar since Britain's vote to leave the European Union in June. A rise in Federal …

  • Tokyo extends gains on ECB but Asia traders cautious

    A weaker yen provided support for exporters leading to a rise in Tokyo stocks, December 9, 2016

  • MORNING BID EUROPE-A restrained EU anniversary party Reuters - UK Focus - Fri, Dec 9, 2016 08:11 GMT

    LONDON, Dec (Shanghai: 600875.SS - news) 9 (Reuters) - Today is the 25th anniversary of the European summit accord in a southern Dutch town that gave its name to the Maastricht Treaty. This was the pact that created the European Union as we know it today, laying the groundwork for the euro but also giving the club a new …

  • Tokyo rallies after ECB but Asia traders cautious AFP - Fri, Dec 9, 2016 07:38 GMT
    Tokyo extends gains on ECB but Asia traders cautious

    A weaker yen provided support for exporters leading to a rise in Tokyo stocks, December 9, 2016

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