Specialist Editor, EMEA Financial Markets
Nigel's Feed
May 18, 2015

European stocks rise, led by energy shares; dollar rebounds

LONDON, May 18 (Reuters) – European shares rose on Monday,
with energy stocks in focus after a rise in oil prices, while
the dollar lifted off four-month lows it had reached on concern
over the U.S. economy.

The pan-European FTSEurofirst 300 stocks index
opened down but quickly recovered and was last up 0.6 percent,
led higher by commodity stocks.

May 12, 2015

Bond market blues hammer world stock stocks, drive euro higher

LONDON (Reuters) – Government bonds sold off again on Tuesday, driving down stocks and helping push the euro sharply higher against the dollar.

Ten-year U.S. Treasury yields, the benchmark for global borrowing costs, hit their highest since early December, while German 10-year yields added 12 basis points to 0.71 percent.

May 12, 2015

Global markets – No respite in sell-off of low-risk bonds

LONDON (Reuters) – Low-risk bonds sold off again on Tuesday driving down stocks and helping push the euro higher against the dollar.

Ten-year U.S. Treasury yields, the benchmark for global borrowing costs, hit their highest since early December, while German 10-year yields added 8 basis points to 0.67 percent.

May 12, 2015

No respite in sell-off of low-risk bonds

LONDON (Reuters) – Low-risk bonds sold off again on Tuesday driving down stocks and helping push the euro higher against the dollar.

Ten-year U.S. Treasury yields, the benchmark for global borrowing costs, hit their highest since early December, while German 10-year yields added 8 basis points to 0.67 percent.

May 6, 2015

London traders eyeing long election night, maybe longer weekend

LONDON, May 6 (Reuters) – After a five-week campaign that
has left Britain’s two main parties neck and neck going into
Thursday’s general election, London’s dealing rooms are bracing
for days rather than hours of uncertainty.

Banks’ financial trading desks traditionally increase staff
on election nights to handle impromptu buying and selling of UK
stocks, bonds or sterling as election results start streaming in
late on polling day itself and into the early hours of Friday.

May 4, 2015

German data leads Europe shares higher, dollar steadies

LONDON (Reuters) – European shares rose on Monday, led higher by Germany after upbeat factory activity, while the dollar steadied following signs the U.S. economy may be emerging from a recent soft patch.

Euro zone powerhouse Germany’s manufacturing sector lost some momentum in April but continued to expand while in France the sector’s final PMI showed activity contracting and falling for a 12th successive month.

Apr 29, 2015

European shares follow Asia lower, dollar weak before Fed

LONDON (Reuters) – Stocks fell in Europe on Wednesday, following Asian stocks lower, while the dollar held near two-month lows before a Federal Reserve policy statement expected to show the U.S. central bank in no hurry to raise interest rates.

The Fed wraps up its two-day meeting with the U.S. economy in something of a soft patch – data due later on Wednesday is expected to show growth slowed sharply in the first quarter – that has weighed on the dollar and, in the view of many analysts, pushed back the first U.S. rate rise since 2006.

Apr 27, 2015

World shares hit new high but Europe rally fades on Greece

LONDON (Reuters) – World shares hit a new high on Monday, led by China, though the global rally faded in Europe as investors looked ahead to central bank meetings in the United States and worried over Greece.

The dollar edged up but held close to Friday’s 2 1/2-week lows, after weak U.S. data on Friday reinforced expectations the Federal Reserve would not raise interest rates any time soon.

Apr 20, 2015

European shares up after China stimulus fails to lift Asia

LONDON (Reuters) – Global stock markets had a mixed start to the week on Monday and core bond yields fell as investors juggled Chinese steps to stimulate its slowing economy and a proposed telecoms deal in Europe with growing worries Greece may default.

European shares opened higher, shrugging off falls in Asia after early gains there, driven by a hefty cut in the amount of cash Chinese banks must hold in reserves, faded.

Apr 13, 2015

Weak China trade data hammers Aussie, weighs on Europe shares

LONDON (Reuters) – A shock fall in Chinese exports hammered the Australian dollar on Monday, though expectations of fresh economic stimulus from Beijing helped Asian stocks higher

Chinese shares, which have been rallying on expectations of further steps to boost the economy, hit seven-year highs on Monday even after data showed exports fell 15 percent in March while imports contracted at their fastest rate since May 2009. Economists had forecast a 12 percent increase in exports.

    • 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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