Chief Markets Correspondent, London
Jamie's Feed
Apr 24, 2015

Few signs of electoral angst as sterling hits 5-week high

LONDON, April 24 (Reuters) – Sterling rose to a five-week
high against the dollar on Friday, joining a global push against
the greenback and putting in doubt the running assumption that
uncertainty ahead of the UK general election is a mounting risk
for the pound.

Hedge funds were said to be among those buying sterling, on
track for a 1.5 percent gain on the week in its best two-week
run against the dollar since the immediate aftermath of
Britain’s last general election five years ago.

Apr 24, 2015

Sterling hits 5-week high vs dollar

LONDON, April 24 (Reuters) – Sterling rose to a five-week
high against the dollar on Friday, joining a global push against
the greenback and exposing the running assumption that
uncertainty ahead of the UK general election is a mounting risk
for the pound.

Hedge funds were said to be among those buying sterling,
which was on track for a 1 percent rise on the week and its
biggest two-week gain against the dollar since the immediate
aftermath of Britain’s last general election five years ago.

Apr 22, 2015

European stocks rally fizzles out on earnings

LONDON, April 22 (Reuters) – European stocks fell on
Wednesday, with a series of weak company earnings reports
reversing a rally seen earlier in the week and halting the
positive momentum overnight that lifted some of Asia’s biggest
markets to multi-year highs.

Greece’s debt crisis remained at the forefront of investors’
minds. But a gathering of European finance ministers this week
won’t be the crunch meeting it had been billed as, giving Greek
markets, euro zone bonds and the euro some breathing space.

Apr 22, 2015

Earnings, Greece weigh on European stocks

LONDON (Reuters) – European stocks fell on Wednesday, failing to extend an overnight rally in Asia as investors looked to Greece’s debt crisis and lurch towards possible default as an excuse to cash in gains chalked up earlier in the week.

Europe’s EuroFirst 300 index of leading shares was down 0.2 percent .FTEU3, Germany’s DAX .GDAXI was down 0.1 percent and Britain’s FTSE 100 .FTSE down a half of one percent.

Apr 21, 2015

Banks’ first-quarter trading revenue prompts cautious optimism

LONDON (Reuters) – Trading revenue from the world’s biggest banks showed signs of recovery in the first quarter as financial market volatility boosted dealing room profits after years of attrition.

Though income has been only modestly higher than the same period last year, the numbers have prompted cautious optimism from analysts holding out hope for a return to trading returns last seen before the 2007/08 financial crisis.

Apr 20, 2015

Central banks prepare to flood FX markets with euros

LONDON (Reuters) – Central banks keen to steer clear of negative-yielding assets in a rapidly depreciating currency could cut the foreign exchange reserves they hold in euros by a hundred billion dollars or more, analysts estimate.

The near year-long slide in the euro and the move below zero of many euro zone government bond yields has driven a shift by official institutions, among the world’s most conservative investors, on how they manage their $11.6 trillion of FX reserves.

Apr 17, 2015

Bloomberg outage hits financial markets

LONDON, April 17 (Reuters) – An outage at news and market
data provider Bloomberg LP hit financial markets around the
world on Friday, prompting debt sales to be postponed and
exacerbating a spike in volatility in European stocks.

Service was restored to most customers later.

The lack of price visibility was blamed for accelerating a
sell-off in European shares, while trading volumes in German
government bond futures contracts fell by around a third.

Apr 17, 2015

UK postpones bill sale, bond trading hit by Bloomberg outage

LONDON (Reuters) – Britain postponed a sale of Treasury bills and global bond trading was hit by a power outage at news and market price provider Bloomberg on Friday, with trading volume in German government bond futures contracts tumbling by around a third.

Social media first reported the Bloomberg systems going down at around 07:20 GMT and the screens were blank for most of the following two hours, market participants said.

Apr 16, 2015

Euro zone yields sink to new lows, Greece in focus

LONDON, April 16 (Reuters) – Euro zone government borrowing
costs slid to new lows on Thursday, a day after the European
Central Bank pledged to fulfil its 1 trillion-euro bond-buying
programme and as Greece’s financial predicament deteriorated
sharply.

Global stocks touched a record high thanks to renewed
strength in Asian markets. Brent oil fell back from new highs
for the year it had reached after figures showed a decline in
U.S. production.

Apr 16, 2015

Global markets – Euro zone bond yields sink to historic lows

LONDON (Reuters) – Euro zone government borrowing costs slid to new lows on Thursday, a day after the European Central Bank pledged to fulfil its 1 trillion euro bond-buying programme, although regional stocks took a step back from this week’s multi-year peaks.

Global stocks, however, touched a fresh record high thanks to renewed strength in Asian markets, while Brent oil surged to its highest this year after figures showed a fall in U.S. production.