LONDON (Reuters) – World shares tumbled towards their worst month in almost two years on Friday as turbulence engulfed emerging markets.
European and U.S. markets were unable to fight the flow with Europe’s main stock indexes suffering another torrid day and Wall Street opening down 1 percent on course for a second successive week of falls.
LONDON (Reuters) – Emerging market stresses left world shares facing their first monthly losses since August on Friday, as euro zone inflation data likely to keep the pressure for rate cuts on the ECB pegged the euro near a two-month low.
Eurostat’s first reading of January inflation due at 1000 GMT alongside unemployment figures, is forecast to come in at 0.9 percent, less than half the European Central Bank’s optimal level.
LONDON (Reuters) – Turkey’s lira saw its biggest jump in five years on Wednesday after the central bank stunned investors with a huge rate hike designed to staunch and reverse a major flight from risk.
The move boosted investors’ hope that a vicious cycle of selling in emerging markets in general may have been short-circuited.
LONDON (Reuters) – Emerging markets steadied after three days of intense selling on Tuesday, as investors waited to see if Turkey, one of the epicenters of the rout, would hike interest rates to defend its battered lira.
Investors have been shaken this week by a huge sell-off in so-called risk assets. They have been hit by jitters about the withdrawal of U.S. monetary stimulus, slowing Chinese growth and country-specific political tensions.
LONDON (Reuters) – Strong data from euro zone powerhouse Germany helped to lift investors’ spirits and the euro on Thursday, after soft Chinese manufacturing figures sent a chill through growth-sensitive markets in Asia.
Purchasing manager indices rose across the euro zone, led by the region’s biggest economy. The gains fuelled hopes the bloc is finally emerging from its debt crisis — contraction even slowed in France, the euro zone laggard.
LONDON, Jan 23 (Reuters) – Strong data from euro zone
powerhouse Germany helped to lift investors’ spirits and the
euro on Thursday, after soft Chinese manufacturing figures sent
a chill through growth-sensitive markets in Asia.
Purchasing manager indices rose across the euro zone, led by
the region’s biggest economy. The gains fuelled hopes the bloc
is finally emerging from its debt crisis — contraction even
slowed in France, the euro zone laggard.
LONDON (Reuters) – Investors looked to euro zone data to lift their spirits on Thursday after surprisingly soft Chinese manufacturing figures hit commodity-linked currencies and other growth-sensitive assets in Asia.
Euro zone-wide purchasing manager data, led by another impressive performance by Germany, supported the recent hopes that the bloc is finally putting the worst of its debt crisis worries behind it.
LONDON, Jan 22 (Reuters) – Sterling reached a 12-month high
against the euro on Wednesday as falling unemployment in Britain
focused attention on when U.K. interest rates would rise.
Chinese shares jumped after its central bank moved to ease
lending-market tensions. That kept world stocks hovering near 5
1/2-year highs, though the mood soured in Europe as Portugal
suffered its worst day since July.
LONDON (Reuters) – World stocks edged back towards 5-1/2 year highs on Wednesday as moves to cool lending-market tensions in China gave an extra boost to the brightening global economic outlook.
An upgrade of the International Monetary Fund’s world forecasts on Tuesday has lifted sentiment in equity markets and some encouraging company earnings meant European shares were quickly in their stride again as the rally in southern euro zone government bonds also resumed.
LONDON (Reuters) – The European Bank for Reconstruction and Development cut its economic growth projections for Turkey on Tuesday but otherwise barely trimmed its overall view for its regional emerging markets.
The EBRD, which monitors central and eastern European and some of Europe’s neighbors in Asia and North Africa, trimmed 0.1 percentage points off its 2014 forecast for the overall bloc to leave it at a relatively unspectacular 2.7 percent.