LONDON (Reuters) – Oil bounced from 18-month lows and U.S. stock index futures pointed to a higher open on Friday as investors looked to possible crisis resolution at upcoming meetings of European leaders rather than at weak data.
European stocks were down 0.4 percent after German business sentiment fell for a second straight month in June to its lowest level in more than two years, according to the Ifo think tank, adding to poor economic numbers this week from the United States, China and Europe.
LONDON (Reuters) – Oil briefly traded at its lowest in 18 months and European stocks fell on Friday, while the safe-haven dollar rose as weak German and U.S. data and a downgrade to some of the world’s major banks unnerved investors.
European stocks .FTEU3 dropped nearly 1 percent after data showing German business sentiment fell for a second straight month in June to its lowest level in over two years, according to the Ifo think tank.
LONDON, June 22 (Reuters) – Oil briefly traded at its lowest
in 18 months and European stocks fell on Friday, while the
safe-haven dollar rose as weak German and U.S. data and a
downgrade to some of the world’s major banks unnerved investors.
European stocks dropped nearly 1 percent after
data showing German business sentiment fell for a second
straight month in June to its lowest level in over two years,
according to the Ifo think tank.
LONDON (Reuters) – Greece is still at risk over the long term of becoming the first economy to be relegated from developed to emerging market status within investment indices, even if it has fended off any immediate exit from the euro zone.
The unprecedented switch, reversing a path Greece trod only 11 years ago, would cut the country off from investors in more sophisticated markets although it would open it up to fund managers who are more comfortable with risk.
LONDON, June 1 (Reuters) – U.S. Treasury yields hit their
lowest in hundreds of years and world stocks dropped towards
2012 lows on Friday, as investors scrambled for lifelines on
worries about Spain’s parlous finances and China’s growth
U.S. stock futures pointed to a sharply lower open, with
futures for the S&P 500, Dow Jones and Nasdaq 100
down between 0.8 and 1.2 percent.
LONDON (Reuters) – World stocks dipped anew on Friday after suffering their largest monthly fall for eight months in May and safe-haven government debt yields dropped to record lows on worries about the Chinese economy and Spain’s parlous finances.
With the euro zone debt signals flashing red again, record after record has tumbled across asset classes as investors scramble to find security for their cash.
PRAGUE/LONDON, May 31 (Reuters) – A Greek exit from the euro
zone could thrust emerging European markets into a downward
spiral similar to that seen during the 2008 financial crisis,
when currencies lost up to a third of their value following the
collapse of Lehman Brothers.
Europe’s eastern currencies are among the world’s 10
worst-performing against the dollar this month, alongside
Syria’s pound and better only than the kwacha of Malawi, where
authorities scrapped the unit’s peg to the dollar.
Who says you can’t mix business and pleasure? Governments and company CEOs are planning to do just that – combining a bit of hurdles-watching with deal-fixing when the Olympics open in London in eight weeks’ time.
July and August are usually the dry season for newsworthy finance ministers and corporate managers, as the conference schedule clears and journalists and strategists have no excuse but to stay in the office and do some long-postponed paperwork.
LONDON, May 19 (Reuters) – The European Bank for
Reconstruction and Development’s president-elect said the bank’s
role in promoting democracy through its investments would be a
central focus for his term, as the EBRD agreed a 1 billion euro
fund for North Africa.
In addition to the impact of the euro zone crisis on the
bank’s emerging Europe region, there are increasing concerns
about the strength of democracy in countries such as Russia,
Ukraine and Kazakhstan, while the bank’s four new countries of
operation in North Africa face political instability.
LONDON, May 18 (Reuters) – The European Bank for
Reconstruction and Development said on Friday it appointed
senior UK civil servant Suma Chakrabarti as the bank’s first
British president for the next four years.
Chakrabarti is currently permanent secretary – the most
senior civil servant – at Britain’s Ministry of Justice. He
previously ran Britain’s Department for International