Specialist Editor, EMEA Financial Markets
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Jul 3, 2015

Greek cliffhanger brings Sunday shift for some London traders

LONDON, July 3 (Reuters) – Traders at some of London’s
biggest banks will be at their desks on Sunday for Greece’s
cliffhanger referendum but, in line with market reaction to the
crisis so far, the degree of reinforcement is likely to be
modest.

Citi, Barclays, Deutsche Bank and JPMorgan are among banks
bringing in staff for the crucial hours around the result of the
Greek vote, which will close at 5 p.m. London time (1600 GMT)
unless an extension is announced. The first exit polls are
expected soon after, and first official projections of the
result at around 1800 GMT.

Jul 2, 2015

After 150 years, Alice in Wonderland still feeds heads

LONDON, July 2 (Reuters) – It’s 150 years since a
hookah-smoking caterpillar sitting on a mushroom asked a curious
young girl called Alice “Who are you?” and readers have been
wondering the same thing ever since.

Lewis Carroll’s “Alice’s Adventures in Wonderland”, with
characters including the Hatter, the White Rabbit and the “off
with his head” Queen of Hearts, has delighted generations of
children since its publication in 1865.

Jun 24, 2015

Europe stocks edge up as Greece keeps investors on edge

LONDON (Reuters) – European shares edged higher on Wednesday as investors anxiously awaited fresh talks aimed at averting a Greek default, while the dollar held on to most of the previous day’s gains on prospects of higher U.S. interest rates.

German government bonds yields edged lower in a sign of caution that the sometimes acrimonious stand-off between debt-stricken Greece and its creditors could still prove hard to resolve.

Jun 23, 2015

Greece optimism lifts world stocks but strong dollar tempers euro

LONDON (Reuters) – Signs that a deal could be at hand to stave off a Greek default lifted global shares on Tuesday and cut borrowing costs for euro zone countries seen as most vulnerable to the protracted crisis.

However, with some euro zone leaders warning much work was still needed to seal an agreement between Greece and its creditors, the euro fell against a dollar lifted by further evidence of U.S. economic strength.

Jun 23, 2015

Greece optimism lifts stocks but strong dollar tempers euro

LONDON (Reuters) – Signs that a deal could be at hand to stave off a Greek default lifted global shares on Tuesday and cut borrowing costs for euro zone countries seen as most vulnerable to the protracted crisis.

However, with some euro zone leaders warning much work was still needed to seal an agreement between Greece and its creditors, the euro fell against a dollar lifted by further evidence of U.S. economic strength.

Jun 18, 2015

Spain bond yields fall after strong sale, Greece keeps market volatile

LONDON, June 18 (Reuters) – Spain’s government bonds
outperformed their Italian counterparts on Thursday after an
auction that met strong demand, as Greece’s debt crisis kept the
market choppy.

Spain sold three bonds for a total 3.5 billion euros, the
top end of the Treasury’s target range. An April 2018 bond sold
at an average yield of 0.655 percent, up from 0.49 percent on
June 11. Demand was 3.5 times the amount allotted, compared with
2.3 times at the last sale.

Jun 15, 2015

Greece contagion sweeps euro zone bond markets, hits shares

LONDON, June 15 (Reuters) – Global financial markets
suffered their first bout of significant contagion from the
Greek crisis this year on Monday after 11th hour talks between
the near bankrupt country and its creditors collapsed.

After weeks of minor ebbs and flows on the stop-start
negotiations, bond markets across the euro zone signalled alarm
that a deal may not be reached by mid-year, when Athens must
repay 1.6 billion euros ($1.8 billion) to the International
Monetary Fund.

Jun 15, 2015

Greek talks failure hits worls shares, buoys low-risk debt

LONDON (Reuters) – Failure in the latest talks aimed at averting a Greek default hurt shares in Europe and Asia on Monday, drove investors into the safety of low-risk government bonds and weighed on the euro.

As contagion from the collapse of Sunday’s talks spread across markets, the premium investors demand to hold Spanish 10-year bonds over German Bunds hit its highest since August.

Jun 15, 2015

Greek talks failure hits shares, buoys low-risk debt

LONDON (Reuters) – Failure in the latest talks aimed at averting a Greek default hurt shares in Europe and Asia on Monday, drove investors into the safety of low-risk government bonds and weighed on the euro.

As contagion from the collapse of Sunday’s talks spread across markets, the premium investors demand to hold Spanish 10-year bonds ES10YT=TWEB over German Bunds DE10YT=TWEB hit its highest since August.

Jun 12, 2015

Euro’s correlation with 10-yr Bund yields tightest in two years

LONDON, June 12 (Reuters) – The driver behind a rise in the
euro from 12-year lows against the dollar in recent months has
been a surge in German 10-year Bund yields, which has outweighed
concern over a possible Greek default.

Reuters graphics show the correlation between the 10-year
Bund yield and the euro/dollar exchange
rate is close to its highest since February 2013.

    • About Nigel

      "I have been a specialist editor on the financial markets team in London since October 2009 after four years running editorial training in EMEA. I joined Reuters from UK regional newspapers in 1986 and was a correspondent in Helsinki, Moscow and Prague before returning to London in 1999 to join the government bonds desk."
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