News

News

Pound Optimism Ebbs as Brexit Gloom Overwhelms BOE Hike Prospect

(Bloomberg) -- Pound bulls just lost some of their swagger. Long-standing optimists Credit Agricole (PA:CAGR) SA, BBVA (MC:BBVA) and ING Groep (AS:INGA) NV all cut their sterling calls in recent days with still no sign of a resolution to Brexit uncertainty. While the French and Spanish banks still see the U.K. currency strengthening from current levels, the Dutch one now forecasts it will fall to as low as $1.27 -- a level not seen in more than a year -- in the coming months...
Posted on: Jul 30, 2018 08:41:26 Read More

Курс евро снизился до минимума сессии после оглашения решения ЕЦБ

Investing.com — В четверг курс евро снизился до минимума сессии после того, как президент Европейского центробанка Марио Драги еще раз подтвердил, что значение процентной ставки ЕЦБ останется без изменений до конца лета 2019 года. Это усиливает расхождение в курсах монетарн...
Posted on: Jul 26, 2018 15:13:43 Read More

Zuckerberg loses $16 billion in record Facebook fall

By Vibhuti Sharma and Munsif Vengattil (Reuters) - Facebook Inc (O:FB) Chief Executive Officer Mark Zuckerberg's fortune took an almost $16 billion (12.18 billion pounds) hit on Thursday, as the social media giant headed for the biggest one-day wipeout in U.S. stock market history, a day after executives forecast years of lower profit margins. At least 16 brokerages cut their price targets on Facebook after managers said the cost of improving privacy safeguards, as well as slowing us...
Posted on: Jul 26, 2018 15:12:26 Read More

Oil climbs after Saudi Arabia suspends shipments through Red Sea lane

By Aaron Sheldrick TOKYO (Reuters) - Brent crude led oil prices higher, extending gains into a third day after Saudi Arabia suspended crude shipments through a strategic Red Sea shipping lane and as data showed U.S. inventories fell to a 3-1/2 year low. Brent crude (LCOc1) futures had risen 47 cents, or 0.6 percent, to $74.40 a barrel by 0247 GMT, after gaining 0.7 percent on Wednesday. U.S. West Texas Intermediate crude (CLc1) futures were up 5 cents at $69.35 a barrel, after climbing more t...
Posted on: Jul 26, 2018 12:30:36 Read More

Virgin Money reports 10 percent rise in first-half profit

(Reuters) - Virgin Money (L:VM) reported a 10 percent rise in first-half underlying pretax profit on Thursday, helped by growth across the bank's core mortgages, savings and credit card businesses. The British challenger bank, which is being bought by rival CYBG (L:CYBGC), said underlying pretax profit rose to 141.6 million pounds for the six months ended June 30, from 128.6 million pounds a year earlier.   Virgin Money forecast a banking net interest margin (NIM) of about 162 basis poin...
Posted on: Jul 26, 2018 06:55:44 Read More

Europe adopts new pilot mental health rules after Germanwings crash

BERLIN (Reuters) - Three years after the Germanwings crash in which a pilot deliberately flew a jet into a mountainside, the European Commission has adopted new rules on pilot mental health requiring airlines for the first time to carry out a psychological assessment of pilots before they hire them. Investigators have concluded that pilot Andreas Lubitz locked the captain out of the cockpit and deliberately flew the Germanwings A320 jet into a French mountainside on March 24, 2015 on a flight f...
Posted on: Jul 25, 2018 14:04:53 Read More

Forex - Dollar Dips Ahead of Trump-Juncker Trade Talks

Investing.com - The dollar dipped against a currency basket on Wednesday as investors awaited a meeting between the U.S. and the European Union amid heightened trade tensions in the global economy. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, edged down 0.11% to 94.30 by 03:38 AM ET (07:38 AM GMT). U.S. President Donald Trump is to host European Commission President Jean-Claude Juncker in the White House for trade talks lat...
Posted on: Jul 25, 2018 08:53:58 Read More

Forex - Dollar Slips Lower, Pound Hits Days Highs

Investing.com - The dollar slid broadly lower on Tuesday as the euro rebounded and the pound rose to the day’s highs following reports that British Prime Minister Theresa May will take control of Brexit negotiations. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.21% to 94.22 by 10:52 AM ET (14:52 GMT). Expectations that the Federal Reserve will stick to plans for further gradual rate hikes this year as the e...
Posted on: Jul 24, 2018 15:12:25 Read More

Oil prices mixed as oversupply worries compete with U.S., Iran war of words

By Aaron Sheldrick TOKYO (Reuters) - Oil prices were mixed on Tuesday as benchmark Brent crude rebounded from earlier losses with market participants divided in their concerns amid rising tensions between the United States and OPEC producer Iran and signs of oversupply. Brent crude oil (LCOc1) was up 6 cents at $73.12 a barrel by 0706 GMT, after settling down 1 cent on Monday. U.S. West Texas Intermediate crude (CLc1) was down 3 cents at $67.86 a barrel, clawing back earlier losses. The contra...
Posted on: Jul 24, 2018 09:04:14 Read More

Trump’s Tweets Aren’t Expected to Hold Down the Dollar

(Bloomberg) -- When it comes to the dollar and President Donald Trump’s signals that he’d prefer it to be weaker, as the Rolling Stones sang, “You Can’t Always Get What You Want.” That’s the take from strategists at State Street Bank & Trust and John R. Taylor, formerly head of what was once the world’s biggest currency hedge fund. Part of the support for that thesis includes expectations for robust U.S. growth (even if tit-for-tat tariffs play out)...
Posted on: Jul 24, 2018 07:42:22 Read More

Facebook to double office presence in London

(Reuters) - Facebook (NASDAQ:FB) said on Monday it would double its presence in London, acquiring nearly 600,000 square feet (56,000 square metres) of office space across two buildings in King's Cross - enough for more than 6,000 workstations. The social network did not say how many jobs it would add in the British capital, where it expects to employ 2,300 people by the end of this year. It added 800 jobs in London last year. Steve Hatch, managing director for Northern Europe, said Facebook ha...
Posted on: Jul 23, 2018 16:34:20 Read More

FTSE falls as cyclicals slide, pound firms

By Kit Rees LONDON (Reuters) - The UK's top share index fell back on Monday as trade tensions weighed on cyclical stocks while a rising pound held back dollar earners. With attention also focused on the unfolding earnings season, the blue chip FTSE 100 index was down 0.4 percent at 7,648.41 points by 0847 GMT, slightly lagging a broadly negative European market. A stronger pound weighed on the FTSE's dollar-earning exporters, with large consumer staples including British Americ...
Posted on: Jul 23, 2018 11:27:38 Read More

European shares set to extend losing streak as Fiat, Ryanair drop

By Danilo Masoni MILAN (Reuters) - European shares fell in morning trading on Monday in a broad-based pullback led by declines in Fiat Chrysler (MI:FCHA) after deteriorating health forced its CEO to quit, while a disappointing earnings update sent Ryanair (I:RYA) sharply lower. The STOXX 600 (STOXX) was down 0.2 percent by 0827 GMT, on track for its third straight day of losses as worries over trade tensions lingered following Washington's threat last week to slap tariffs on $500 bil...
Posted on: Jul 23, 2018 09:36:48 Read More

Asian shares struggle as trade worries offset gains from Wall Street earnings

 Asian shares on Thursday struggled to hold earlier gains made after upbeat Wall Street earnings, as trade war jitters rattled China's stock and currency markets, with the yuan hitting fresh one-year lows. The dollar was off a three-week high as investors cashed in on gains the currency made after U.S. Federal Reserve Chairman Jerome Powell's two-day testimony reinforced a strong economic outlook but was underpinned by the relative U.S. economic strength. European shares are expected to o...
Posted on: Jul 19, 2018 08:30:00 Read More

Top 5 Things To Know In The Market On Wednesday

 Here are the top five things you need to know in financial markets on Wednesday, July 18: 1. Powell Back On Capitol Hill Investors looked ahead to a second appearance from Federal Reserve Chair Jerome Powell, after comments he made Tuesday reinforced views the central bank is on track to steadily hike interest rates. He is due to testify in front of the House Financial Services Committee at 10:00AM ET. In his first day of testimony to the Senate Banking Committee on Tuesday, ...
Posted on: Jul 18, 2018 12:46:08 Read More

Нефть дешевеет при росте недельных запасов в США

Цены на нефть умеренно снижаются утром в среду на фоне роста недельных запасов сырья в США. К 8.25 МСК фьючерсы на североморскую смесь Brent опустились на 0,42 процента до $71,86 за баррель. Фьючерсные контракты на WTI торговались вблизи $67,7 за баррель, что на 0,56 проце...
Posted on: Jul 18, 2018 07:33:04 Read More

Dollar's advance puts squeeze on gold, commodities

 Asian share markets were mostly firmer on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough. Japan's Nikkei (N225) rose 0.43 percent as a weakening yen promised to fatten exporters' profits. Spreadbetters and futures (FFIc1) also pointed to opening gains for European bourses. MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) added 0.1 percent and Austra...
Posted on: Jul 18, 2018 07:32:01 Read More

Wall Street pares losses after Powell's testimony

 U.S. stock indexes pared some losses on Tuesday after Federal Reserve Chairman Jerome Powell said in a Congressional testimony there were "several years" of strong jobs and low inflation still ahead for the U.S. economy. Powell discounted the risk that a trade war may throw a global recovery off track and signaled that he not only believes the economy is doing well, but that an era of stable growth may continue provided the Fed gets its policy decisions right. U.S. stock were already low...
Posted on: Jul 17, 2018 15:05:12 Read More

Dollar slips ahead of Fed testimony

The dollar edged down on Tuesday ahead of congressional testimony by Federal Reserve Chairman Jerome Powell which traders will scrutinize for clues on the pace of U.S. interest rate rises and risks emanating from trade conflicts. Powell will testify on the economy and monetary policy before the U.S. Senate Banking Committee at 1400 GMT on Tuesday. He is expected to deliver an upbeat message on the outlook for growth and reaffirm the Fed's gradual monetary tightening policy but could face tough...
Posted on: Jul 17, 2018 08:56:40 Read More

Asia stocks sag on oil's slide, dollar dips before Fed testimony

TOKYO (Reuters) - Asian stocks were mostly lower on Tuesday, with a sharp decline in crude oil prices weighing on energy shares, while the dollar dipped ahead of Federal Reserve Chairman Jerome Powell's first U.S. congressional testimony. Spreadbetters expected European stocks to open slightly higher, with Britain's FTSE, Germany's DAX and France's CAC each gaining about 0.1 percent. Overnight on Wall Street, the Dow edged up 0.2 percent but the S&P ...
Posted on: Jul 17, 2018 07:14:34 Read More