Specialist Editor, EMEA Financial Markets
Nigel's Feed
Nov 5, 2015

ECB QE, not deposit rates, hurting money market activity

LONDON, Nov 5 (Reuters) – When the European Central Bank cut
its deposit rate into negative territory last year, many
analysts warned that the move would push money market rates so
low that it would discourage bank-to-bank lending.

In fact, data shows overnight lending activity in euro zone
money markets — a proxy for unsecured lending volumes — was
largely unaffected by negative rates.

Nov 2, 2015

World stocks fall on China data, but stronger euro zone lifts gloom

LONDON (Reuters) – Stocks fell in Europe and Asia on Monday after further evidence of economic slowdown in China, but modest growth in German factory activity slightly brightened the mood.

Turkish markets surged after the Islamist-rooted AK Party won a clear majority in Sunday’s parliamentary election.

Nov 2, 2015

Stocks fall on China data, but stronger euro zone lifts gloom

LONDON (Reuters) – Stocks fell in Europe and Asia on Monday after further evidence of economic slowdown in China, but modest growth in German factory activity slightly brightened the mood.

Turkish markets surged after the Islamist-rooted AK Party won a clear majority in Sunday’s parliamentary election.

Oct 27, 2015

Sterling dips vs dollar as UK economy slows more than expected

LONDON (Reuters) – Sterling slipped to a two-week low against the dollar on Tuesday after data showed British economic growth slowed more than expected in the third quarter, fuelling concern that a period of rapid expansion is coming to an end.

Gross domestic product growth slackened to 0.5 percent in the three months to September from 0.7 percent in the previous quarter. Economists had forecast a drop to 0.6 percent.

Oct 26, 2015

Sterling gains vs dollar after below-forecast U.S. homes data

LONDON (Reuters) – Sterling climbed off a 12-day low against the dollar on Monday, as weaker-than-expected U.S. home sales data dented the greenback.

Having recorded its best week since May, the dollar index dipped 0.3 percent, weighed down by September new homes sales figures that revived concerns about the U.S. economy.

Oct 22, 2015

European shares and dollar edge up, ECB keeps investors wary

LONDON (Reuters) – Shares edged up in Europe and the dollar made slight gains on Thursday, with investors focusing on the European Central Bank, which is expected to keep the door open to more economic stimulus after its latest policy-setting meeting.

Chinese stocks were a bright spot – solidly in positive territory and recovering from Wednesday’s worst one-day fall in five weeks.

Oct 21, 2015

Celtic links from pre-history to now at British Museum show

LONDON (Reuters) – In a darkened gallery of the British Museum, where spotlights catch the intricate swirling decoration of Celtic Iron Age metalwork, visitors are confronted by a face from another world.

It belongs to a 2,500-year-old red sandstone warrior who marked a grave in present-day Germany. His bulbous “ears” are in fact a “leaf-crown” headdress denoting high rank. His hollowed-out eyes mesmerize.

Oct 12, 2015

Europe, Asia shares rally, dollar dips on U.S. rate outlook

LONDON (Reuters) – Shares got off to a strong start to the week in Europe and Asia on Monday while the dollar dipped towards three-week lows, with investors unconvinced the U.S. Federal Reserve would raise interest rates later this year.

China was again in focus as mainland shares jumped over 3 percent to seven-week highs and the yuan currency hit its strongest level since its surprise devaluation in August.

Oct 5, 2015

World Stocks rise as investors see Fed delaying hike, others loose

LONDON (Reuters) – European shares rose sharply on Monday, following Asian stocks higher, while the dollar was on the defensive after Friday’s weak U.S. jobs data signalled the era of low-cost money had further to run.

Wall Street, which gained on Friday after the market saw the data pushing back the first Federal Reserve rate hike since 2006, was expected to rise later on Monday, index futures showed.

Oct 5, 2015

Stocks rise as investors see Fed delaying hike

LONDON (Reuters) – European shares followed Asian stocks higher on Monday while the dollar was on the defensive after Friday’s weak U.S. jobs data signaled the era of low-cost money had further to run.

With the first Federal Reserve interest rate rise since 2006 now seen delayed, investors expected other major central banks to retain a dovish stance or even loosen policy further.

    • 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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