Specialist Editor, EMEA Financial Markets
Nigel's Feed
Dec 9, 2014

Oil hits five-year low, crushing risk appetite

LONDON (Reuters) – Oil prices fell to fresh five-year lows on Tuesday, prompting investors rattled by worries over global growth and renewed political uncertainty in Greece to dump shares.

The government of bailed-out euro zone member Greece brought forward a presidential vote to next week in a political gamble that could trigger parliamentary polls if Prime Minister Antonis Samaras fails to have his candidate elected.

Dec 1, 2014

Oil hits five-year low, hammering rouble

LONDON (Reuters) – Oil prices hit five-year lows on Monday as slowing factory activity in China and Europe added to the impact of OPEC’s decision to maintain supply, hammering resource-linked stocks and currencies.

Russia’s rouble was down 8 percent from Friday’s Moscow close, though its losses were almost halved after what traders said may have been intervention by the central bank. The rouble remained on track for its steepest one-day fall since 1998, when a financial crisis led Russia to devalue the currency and default on its debt.

Dec 1, 2014

Oil hits five year low, emerging stocks hammered

LONDON (Reuters) – Oil prices fell to their lowest in five years on Monday, hit by slowing factory activity in China and Europe and hammering emerging market stocks and commodity-linked currencies.

Plunging prices for oil and other commodities raised fears of deflation, especially in the euro zone and Japan, and the prospect of looser monetary policy pushed the yen to a seven-year low against the dollar in Asian trade.

Nov 19, 2014

World stocks fall, dollar gains as economic outlooks diverge

LONDON (Reuters) – Shares fell in Europe and Asia on Wednesday while the dollar rose broadly, hitting a new seven-year high against the yen, as investors focused on the divergent outlooks for the world’s major economies.

Oil prices stayed near 4-year lows on signs of disagreement between OPEC members before a meeting next week.

Nov 19, 2014

Shares fall, dollar gains as economic outlooks diverge

LONDON (Reuters) – Shares fell in Europe and Asia on Wednesday while the dollar rose broadly, hitting a new seven-year high against the yen, as investors focused on the divergent outlooks for the world’s major economies.

Oil prices stayed near 4-year lows on signs of disagreement between OPEC members before a meeting next week.

Nov 17, 2014

Japan’s recessionary slide hits world stocks, oil

LONDON (Reuters) – Data showing Japan slipped into recession in the third quarter raised concerns on Monday about global economic health, hitting stocks and the price of oil.

European shares fell, before recovering slightly, and Wall Street looked set to open lower, according to index futures.

Nov 17, 2014

Global stocks fall, oil dips as Japan slips into recession

LONDON (Reuters) – Shares fell and the oil price slid on Monday after data showed Japan had slipped into recession, raising concerns about global growth.

European shares opened lower. They followed Tokyo’s Nikkei index .N225 which lost 3 percent, its biggest one-day drop since August on news that the world’s third-largest economy unexpectedly shrank by an annualised 1.6 percent in the third quarter.

Nov 17, 2014

Stocks fall, oil dips as Japan slips into recession

LONDON, Nov 17 (Reuters) – Shares fell and the oil price
slid on Monday after data showed Japan had slipped into
recession, raising concerns about global growth.

European shares opened lower. They followed Tokyo’s Nikkei
index which lost 3 percent, its biggest one-day drop
since August on news that the world’s third-largest economy
unexpectedly shrank by an annualised 1.6 percent in the third
quarter.

Nov 12, 2014

Sterling slumps after BoE pushes back investors’ rate hike bets

LONDON, Nov 12 (Reuters) – Sterling slumped back under $1.58
on Wednesday after the Bank of England said inflation was likely
to fall further, pushing back bets on the first post-crisis
interest rate hike to the end of 2015.

BoE Governor Mark Carney told a news conference after the
central bank released its quarterly Inflation Report that
inflation could fall below 1 percent in the next six months and
that markets were right to rule out rate rises any time soon.

Nov 12, 2014

Sterling falls after Bank of England rate hike expectations recede

LONDON (Reuters) – Sterling fell and UK government bond futures rallied on Wednesday as the Bank of England said inflation was likely to fall further, prompting investors to push back expectations of when interest rates would first rise towards the end of 2015.

Governor Mark Carney told a news conference after the BoE released its latest quarterly inflation report that it was appropriate that markets now expected “somewhat easier” monetary conditions than three months ago.

    • 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."
    • Follow Nigel