Specialist Editor, EMEA Financial Markets
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Jul 20, 2015

Dollar hits three-month high on rate view, pans gold

LONDON (Reuters) – The dollar jumped to three-month highs on Monday, extending its recent run of gains as expectations of a U.S. rate rise gathered pace, while gold prices plunged to their lowest in more than five years.

The greenback posted its best weekly performance in about two months last week, after Federal Reserve Chair Janet Yellen reiterated that U.S. interest rates will probably rise later in the year. Data on Friday showing a robust pick up in U.S. consumer prices and housing starts also helped the rally.

Jul 14, 2015

Global markets – Crude drops after Iran deal, oil stocks hit

LONDON (Reuters) – Oil prices dropped, pushing commodity-linked shares and currencies lower on Tuesday, after Iran and six world powers reached a historic nuclear deal expected to increase the supply of Iranian crude on world markets.

European shares edged lower in early deals, pulled lower by commodity stocks and as investors turned cautious on the prospects of the Greek government winning parliamentary support for reforms demanded by its creditors in exchange for talks on an 86 billion euro rescue package.

Jul 14, 2015

Crude drops after Iran deal hit, hit oil stocks

LONDON (Reuters) – Oil prices dropped, pushing commodity-linked shares and currencies lower on Tuesday, after Iran and six world powers reached a historic nuclear deal expected to increase the supply of Iranian crude on world markets.

European shares edged lower in early deals, pulled lower by commodity stocks and as investors turned cautious on the prospects of the Greek government winning parliamentary support for reforms demanded by its creditors in exchange for talks on an 86 billion euro rescue package.

Jul 7, 2015

Europe shares drop before Greece summit; China falls again

LONDON (Reuters) – European stocks fell and the euro hit a five-week low against the dollar on Tuesday before a euro zone summit to discuss the Greek debt crisis, while a fall in Chinese shares reminded investors of other clouds on the horizon.

Oil recovered some ground after a selloff on Monday prompted by Greek rejection of the terms of a bailout and the Chinese stock market turmoil.

Jul 7, 2015

Global markets – Europe steadies before Greece summit

LONDON (Reuters) – European stock and bond markets steadied on Tuesday before a euro zone leaders summit to discuss the Greek debt crisis while a further fall in Chinese shares reminded investors of other dark clouds on the horizon.

Oil recovered some ground after Monday’s stomach-churning selloff prompted by Greeks’ overwhelming rejection of the terms of a bailout deal and the Chinese stock markets turmoil.

Jul 7, 2015

Europe steadies before Greece summit, China stocks fall again

LONDON (Reuters) – European stock and bond markets steadied on Tuesday before a euro zone leaders summit to discuss the Greek debt crisis while a further fall in Chinese shares reminded investors of other dark clouds on the horizon.

Oil recovered some ground after Monday’s stomach-churning selloff prompted by Greeks’ overwhelming rejection of the terms of a bailout deal and the Chinese stock markets turmoil.

Jul 6, 2015

European stocks fall but no rout after Greek ‘No’

LONDON (Reuters) – Shares fell in Europe and Asia, the euro stumbled and yields on weaker euro zone economies’ bonds rose after Greece overwhelmingly voted against conditions for a rescue package, but there was no rout and contagion was limited.

Investors sought low-risk assets including Bunds, but the yield premium of Italian 10-year debt over Germany remained below last Monday’s eight-month highs.

Jul 6, 2015

Stocks, euro fall but no rout after Greek ‘No’

LONDON (Reuters) – Shares fell in Europe and Asia, the euro stumbled and yields on weaker euro zone economies’ bonds rose after Greece overwhelmingly voted against conditions for a rescue package, but there was no rout and contagion was limited.

Investors sought low-risk assets including Bunds, but the yield premium of Italian 10-year debt over Germany remained below last Monday’s eight-month highs.

Jul 6, 2015

Europe shares set for steep falls after Greek ‘No’

LONDON, July 6 (Reuters) – European shares were set for
steep falls on Monday, the euro stumbled and yields on weaker
euro zone economies’ bonds rose after Greece’s overwhelming vote
against conditions of a rescue package endangered its future in
the euro zone.

Asian stocks fell, hitting six-month lows. Demand for
highly-rated sovereign debt was high, with German 10-year bond
yields dropping 7 basis points and those on U.S. equivalents
falling even further.

Jul 5, 2015

Euro markets set for major jolt after Greek ‘No’, look to ECB for calm

LONDON (Reuters) – European stock and bond markets are set to take a sharp hit on Monday after Greece voted ‘No’ to harsh bailout conditions, and bankers said the European Central Bank’s response was now key to the extent of contagion.

Many economists, including those at U.S. banking giant JPMorgan, reckon the outcome of Sunday’s referendum will probably hasten Greece’s exit from the euro.

    • 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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