Vivendi Shares Rise on French Media Groups Q1 Sales Climb

PARIS, April 23 Reuters Shares in Vivendi rose on Friday after the French media conglomerate, which is controlled by billionaire Vincent Bollore, posted higher first quarter sales. Vivendis shares were up by 1.5 in early session trading, while the shares of Groupe Bollore also edged up 0.5. Vivendis sales were lifted by the prolonged strong […]
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Biden Tax Proposal triggers RiskOff Sentiment

Rates as of 0500 GMT Market Recap Not much movement in the FX world overnight. EUR was particularly quiet, given that there was a European Central Bank meeting yesterday you wouldnt know it by looking at the rates. Thats because the policy statement following the meeting was largely unchanged and the press conference waswell, just […]
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Rehabilitating Macro Hedge Funds Mike Dolan

The author is editoratlarge for finance and markets at Reuters News. Any views expressed here are his own LONDON, April 23 Reuters For all the bad press, muchmaligned hedge funds have had their best start to the year in decades, while mixed stock and bond funds flattered to deceive and even macro hedge funds are […]
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Strong UK Sales Data Halted GBP Decline

The GBP has halted its decline against the dollar on strong retail sales data for March. The Office for National Statistics reported a 5.4 mm rise in sales last month and a 7.2 rise on the same month a year earlier. Stronger than expected 1.5 growth was forecast, they indicate that the UK is returning […]
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Dovish ECB Tone Hit the Euro

The ECB kept policy unchanged, which helped the euro develop intraday gains right up to Lagardes press conference. However, the European Central Bank presidents comments should be seen as very dovish, weighing on the euros strength. It wont be surprising if we soon see a new battle for 1.2000 in EURUSD. In particular, Lagarde has […]
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