London / AFP London’s stock market fell on Monday on a rallying pound, while eurozone indices rose further after a pre-weekend surge triggered by well-received US jobs data. Around 1015 GMT, London’s benchmark FTSE 100 index was down 0.25 percent, as the pound jumped above $1.33 in the wake of strong UK services sector activity that further eased concerns …
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Emerging markets climb as USA jobs data eases Fed-rate anxiety
Bloomberg Emerging-market currencies rose from the lowest levels in a month and stocks rallied as data showing slower-than-forecast U.S. employment growth reduced the odds that the Federal Reserve will move quickly to raise interest rates, propping up demand for riskier assets. An MSCI Inc. index of developing-nation exchange rates rose 0.3 percent, ending a four-day losing streak. The equity …
Read More »European stocks rebound on mixed manufacturing data
London / AFP Europe’s main stock markets rebounded on Thursday following a weak finish to August, as traders digested worldwide manufacturing numbers. Around 1030 GMT, London’s benchmark FTSE 100 index was 0.1 percent higher. In the eurozone, Frankfurt’s DAX 30 rose 0.6 percent and the Paris CAC 40 jumped 1.1 percent compared with Wednesday’s close. “The FTSE is underperforming… …
Read More »It’s hard to overstate how quiet stock markets are right now
Bloomberg Calm has been the defining characteristic of markets over the past month, but in one asset class the degree of tranquility stands head and shoulders above the rest. Compared to the 10-year U.S. Treasury futures note, the 30-day implied volatility of equities is incredibly subdued relative to its historical average. The same can’t really be said of oil, …
Read More »European stocks diverge on mixed data
Bloomberg European stock markets diverged on Wednesday with traders reacting to mixed regional data ahead of key US jobs numbers due later in the week. Around 1030 GMT, London’s benchmark FTSE 100 index was 0.3 percent lower. In the eurozone, Frankfurt’s DAX 30 lost 0.2 percent and the Paris CAC 40 gained 0.5 percent compared with the close on Tuesday. …
Read More »Oil prices dip before US inventories data
London / AFP Oil fell further on Wednesday as dealers awaited the latest update on crude reserves in the United States. At around 1145 GMT, US benchmark West Texas Intermediate for delivery in October declined 36 cents at $45.99 a barrel. Brent North Sea crude for October lost 54 cents to $47.83 a barrel compared with the close on …
Read More »US stock-index futures little changed while Apple slips
Bloomberg U.S. index futures were little changed, after equities saw the biggest gain in three weeks, while investors awaited jobs data due this week for further clues on the path of Federal Reserve policy. Apple Inc. slipped 0.9 percent in early New York trading after being ordered to repay 13 billion euros ($14.5 billion) plus interest as the European …
Read More »Gold set for rare losses this month as metal’s popularity dims
Bloomberg For the first time in seven years, gold has fared poorly in August. Metal for immediate delivery dropped 2.2 percent this month as the Federal Reserve moved closer to raising interest rates and bullion purchases for exchange-traded funds slowed. The loss is unusual because, even as prices plunged during the past five years, gold always rose during August …
Read More »US rate guesswork weighs on stock markets
Bloomberg Stock markets across the world dipped on Monday as investors tried to second-guess the US Federal Reserve on the timing of its next interest rate hike. Tokyo, however, was the exception with stocks there soaring on a weaker yen. In a much-scrutinized speech, Fed chief Janet Yellen on Friday hinted at a US interest rate rise by the …
Read More »Ruble plummets as oil reasserts dominance
Bloomberg The ruble weakened for a second day as speculation the dollar will strengthen under tighter Federal Reserve policy dimmed its carry-trade appeal and it came under the influence of weaker oil prices. Russia’s currency weakened 0.3 percent to 65.065 against the dollar by 11:54 a.m. in Moscow. The Micex index of major stocks dropped 0.8 percent after closing at …
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