Specialist Editor, EMEA Financial Markets
Nigel's Feed
Mar 26, 2015

Oil surges on Yemen air strikes, global stocks tumble

LONDON (Reuters) – Crude prices rose as much as 6 percent on Thursday after Saudi Arabia and its allies launched air strikes on Yemen, pushing shares lower in Europe, the Middle East and Asia and lifting oil producers’ currencies.

The military operations, including air strikes, targeted Iran-backed Houthi rebels besieging the southern Yemen city of Aden. Arab producers ship oil via the Gulf of Aden and Suez Canal to Europe.

Mar 26, 2015

Oil surges on Yemen air strikes, stocks tumble

LONDON, March 26 (Reuters) – Crude prices rose as much as 6
percent on Thursday after Saudi Arabia and its allies launched
air strikes on Yemen, pushing shares lower in Europe, the Middle
East and Asia and lifting oil producers’ currencies.

The military operations, including air strikes, targeted
Iran-backed Houthi rebels besieging the southern Yemen city of
Aden. Arab producers ship oil via the Gulf of Aden and Suez
Canal to Europe.

Mar 25, 2015

European shares dip but hold near highs after Ifo

LONDON (Reuters) – European shares dipped on Wednesday but held near multi-year highs and the euro rose against the dollar after a survey showed the German business climate improving.

The pan-European FTSEurofirst 300 share index fell 0.2 percent to 1601.50 points, still close to last week’s 7 1/2-year high. German business morale, as measured by the Ifo index, rose for the fifth successive month to its highest since July 2014.

Mar 20, 2015

Photos without a camera? Exhibition shows it’s old hat

ST IVES, England, March 20 (Reuters) – The English seaside
town of St Ives has long attracted leading modern artists and a
new exhibition there looks at how modernist photographers from
across the globe developed new ways of seeing a rapidly changing
world.

The Modern Lens, at Tate St Ives until May 10, includes
works by photographers from Europe, North and South America and
Japan, working between the 1920s and 1960s.

Mar 18, 2015

Shares up in Europe and Asia before Fed meets

LONDON (Reuters) – European shares followed Asian stocks higher on Wednesday and the dollar held steady before a Federal Reserve meeting that’s expected to lay the groundwork for the first increase in U.S. interest rates in nearly a decade.

The Fed is widely expected to remove the word “patient” from its statement on the timing of its first hike since 2006, possibly paving the way for policy tightening as early as June.

Mar 18, 2015

Shares up in Europe and Asia before Fed meets; dollar steady

LONDON (Reuters) – European shares followed Asian stocks higher on Wednesday and the dollar held steady before a Federal Reserve meeting that’s expected to lay the groundwork for the first increase in U.S. interest rates in nearly a decade.

The Fed is widely expected to remove the word “patient” from its statement on the timing of its first hike since 2006, possibly paving the way for policy tightening as early as June.

Mar 11, 2015

Charts show euro testing decades-old support, heading for dollar parity

LONDON (Reuters) – The euro’s plunge against the dollar is not quite off the charts, but analysts of price patterns and historical trends reckon it’s poised to threaten barriers that have held for decades.

Pummelled on one side by the start of a 1 trillion-euro money-printing scheme by the European Central Bank this week, and on the other by expectations of a hike in U.S. interest rates, the euro fell as low as $1.0559 on Wednesday.

Mar 9, 2015

World stocks fall on Fed rate hike bets, ECB bond-buying start

LONDON (Reuters) – World stocks fell on Monday as investors speculated U.S. interest rates will rise sooner than expected and as a long-awaited 1 trillion-euro European Central Bank bond-buying stimulus programme got under way.

A drop in European shares followed declines in Asia, after forecast-beating U.S. jobs data on Friday stoked expectations the Fed would next month drop a reference to “patience” on the timing of a rate hike, opening the door for a rise in June.

Mar 9, 2015

Fed rate hike expectations hit stocks, dollar holds firm

LONDON (Reuters) – Stocks fell and the dollar held firm on Monday in the wake of forecast-beating U.S. jobs numbers that stoked expectations the Federal Reserve could raise interest rates sooner than previously thought.

In Europe, most euro zone government bond yields fell on the first day of the European Central Bank’s 1 trillion euro bond-buying program.

Mar 2, 2015

European shares dip from seven-year highs, China rate cut lifts Asia

LONDON (Reuters) – European shares slipped from seven-year highs on Monday, weighed down by merger activity in the telecoms sector, while Asian stocks edged up after China cut interest rates at the weekend.

The dollar hit an 11-year high against a basket of currencies on growing prospects of a rise in U.S. interest rates from the U.S. Federal Reserve, before giving up the gains as economic data lifted 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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