|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||1.26 - 1.30|
|52-week range||0.71 - 2.00|
|PE ratio (TTM)||-7.34|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
French President Emmanuel Macron meets leftist MP Francois Ruffin during a visit to a Whirlpool factory in Amiens, northern France, on October 3, 2017.
Italian government bond yields jumped on Tuesday, stretching the gap with German peers to a five-week high, in the wake of proposals to introduce a parallel currency in Italy that have upped the ante for elections due next year. Italy's 10-year bond yield, which moves inversely to the price, climbed as much as 9 basis points to a three-week high at 2.13 percent.
French President Emmanuel Macron pictured during a joint press conference with Israel's Prime Minister at the Elysee Palace in Paris, on July 16, 2017
European Central Bank president Mario Draghi says that the anti-euro and anti-European sentiment stoked by Brexit is now fading.
Europe is slowly turning a corner as a wave of anti-European Union movements peters out, Donald Tusk told EU leaders in a letter published before he will chair their two-day summit starting on Thursday. Tusk, the president of the council of EU heads of states and governments, said the bloc was now again starting to be perceived as a solution, rather the problem, and that recent difficulties had served to strengthen it. "It is fair to say that we will meet in a different political context from that of a few months ago, when the anti-EU forces were on the rise," Tusk wrote.
The gap (Frankfurt: 863533 - news) between Italian and German 10-year borrowing costs hit its narrowest level in five months on Tuesday as euro zone bond investors priced in what they see as a dramatic reduction in the risk of the bloc breaking up. The latest dip in Italian yields came as the anti-establishment 5-Star Movement said its plan to hold a referendum on Italy's euro membership was "a negotiating tool". Earlier this year, government bond yields in southern Europe rose due to uncertainty over how French elections in May would play out, the possibility of a snap vote in Italy and speculation of the European Central Bank beginning to wind down its extraordinary monetary stimulus.
Fed chief Janet Yellen's confidence as her team raised interest rates for the third time in six months last week surprised investors who had expected more caution about the economy. There are signs, however, that the market does not believe Fed forecasts that show it will be able to continue raising rates later this year and any signs of doubt from other Fed officials speaking this week may hurt the dollar. "I think that the burden of proof for the dollar (to appreciate) is pretty high," said Jeremy Stretch, head of currency strategy at CIBC (Dusseldorf: CAI.DU - news) in London.
Pretty much a year to the day after Britain voted to leave the EU, talks begin today on how that will happen, with Brexit minister David Davis due to meet chief EU negotiator Michel Barnier at the European Commission headquarters at 0900 GMT. As Francois Hollande found to his cost, if you squander the first 12 months you may end up with meagre results.
Given the fact that it is now not certain that there is a parliamentary majority to pull Britain out of the single market as May publicly sought, that approach would throw things very much up in the air before the June 19 formal start of Brexit negotiations and an EU summit a few days later. In an attempt to cling on, May has brought in foes such as Brexiteer Michael Gove back into the government. No such difficulties for France's Emmanuel Macron, who on Sunday's first-round showing is likely to get a whopping majority from the second round of parliamentary elections next week.
Corruption watchdog OLAF said it detected an estimated 631 million euros ($705 million) in EU funds that were lost to fraudulent claims in 2016
Global investors raised their euro zone equity holdings in May, betting the rally has further to run, but cut their exposure to UK assets, reflecting uncertainty around the outcome of a snap general election, a Reuters poll showed on Wednesday. The Reuters monthly asset allocation survey of 47 fund managers and chief investment officers in Europe, the United (Shenzhen: 000925.SZ - news) States, Britain and Japan was carried out between May 15 and 30, after an emphatic win for pro-European Union (EU) candidate Emmanuel Macron in the French presidential elections.
French President Emmanuel Macron urged Donald Trump on Thursday not to take any hasty decisions on a global climate change deal that the U.S. president threatened during his election campaign to abandon. Macron and Trump also discussed the Syrian crisis, counter-terrorism and defence spending over lunch at the U.S. ambassador's residence in Brussels, their first meeting since Macron was elected on May 7 after a turbulent campaign.
The Liberal Democrats have placed Brexit at the heart of their election manifesto, claiming a bad deal would "wreck the future for our children". As well as extra investment for schools and hospitals the Lib Dems are also committed to a £100bn infrastructure investment to help build 300,000 homes a year. Speaking ahead of the launch, leader Tim Farron said: "Imagine a brighter future.
The gap (Frankfurt: 863533 - news) between 10- and 30-year French government bond yields reached its widest since December 2014 ahead of a 30-year bond sale seen as the first big test of sentiment since France's presidential election. France's debt agency has been monitoring the market for a 30-year bond sale via syndication - a system where the borrower appoints banks to sell bonds directly to investors - and started marketing the deal on Tuesday.
The euro hit a six-month peak and German stocks touched a record high on Tuesday as signals on further European integration contrasted with political turmoil and fresh doubts about the economy in the United States. The euro's rally was reinforced by dollar losses prompted by allegations that U.S. President Donald Trump disclosed highly classified information to Russia's foreign minister about a planned Islamic State operation.
The euro rose above $1.10 on Tuesday to hit its highest since Donald Trump was elected U.S. president in November, as political turmoil and doubts over interest rate rises pressured the dollar, while traders expected robust euro zone growth data. The dollar index, which measures the greenback against six other major currencies, and which rose to 14-year highs earlier this year on the view that Trump's plans for tax cuts and infrastructure spending would boost growth and inflation, fell to its weakest in over six months. Analysts said the latest weakness was largely a product of worries over reports that Trump had disclosed highly classified information to Russia's foreign minister about a planned Islamic State operation in a meeting last week.
Investors are now focusing on when and how the European Central Bank (ECB) could scale back its quantitative easing given the recent strength in the euro zone economy. "Long positions in the euro tend to be favoured now, given the chances that the ECB could discuss the possibility of future policy changes at its June meeting," said Shinsuke Sato, head of FX trading group for Sumitomo Mitsui Banking Corporation in Tokyo. Later on Tuesday, the euro could take cues from the second reading of the euro zone's January-March GDP growth, as well as a speech by ECB Executive Board Member Benoit Coeure.
The Canadian dollar hit its highest level in two weeks and the Australian dollar a 10-day high on Monday as a bounce in oil prices drove a recovery in major commodity-linked currencies. Saudi Arabia and Russia agreed on Monday to extend oil output cuts until March 2018 to rein in a global crude glut, pushing up prices by as much as 2 percent and dominating early trade on European currency markets. Weekly positioning data also showed speculators are net long Australian dollars, which helped it move away from last week's four-month lows.
The dollar traded near a three-week high on Friday, on track for its strongest week this year, after strong data bolstered expectations that the Federal Reserve will raise interest rates again in June. A rally to 14-year highs for the dollar, inspired by the election of U.S. President Donald Trump, has fizzled out since the start of this year. The currency has fallen as much as 5 percent as the pro-growth measures Trump had promised have been called into question.
Euro zone economic growth should grow a bit faster this year than previously believed and the unemployment rate could be the lowest in a decade, the European Commission said on Thursday. It also predicted low inflation, a challenge for the European Central Bank whis is trying to boost it. The 19-country euro zone is expected to expand by 1.7 percent this year and 1.8 percent in 2018, the EU executive said, slightly raising its previous estimate for euro zone growth of 1.6 percent this year, while leaving unchanged the 2018 forecast.