Global stocks gained on Tuesday as hopes of a robust economic recovery bolstered confidence in riskier assets. A pullback in U.S. and European bond yields also buoyed equity markets. In Europe, the Euro STOXX 600 shrugged off data showing a bigger than expected fall in fourth quarter euro zone economic output to rally 0.5. Germanys […]

Gold rose nearly 2 on Tuesday, as it gained respite from a retreat in U.S. Treasury yields and the dollar following a slide to a ninemonth low in the last session. Spot gold rose 1.5 to 1,706.01 per ounce by 1308 GMT, having earlier risen as much as 1.8 to 1,711.16. U.S. gold futures climbed […]

Rates as of 0500 GMT Market Recap Normally I start my day by looking at the stock markets to see whether were in a riskon or riskoff mode. However, we cant rely on that barometer so well nowadays to give the FX market direction, because what were seeing in the stock markets nowadays is rotation. […]

The dollar backed away from 312 month highs on Tuesday as U.S. Treasury yields stabilised, allowing room for riskier currencies such as the pound, Australian dollar and Kiwi dollar to make gains. The index that measures the dollars strength against a basket of other currencies was 0.2 lower in early deals in London, at 92.181, […]

March 9 Reuters Londons FTSE 100 rose on Tuesday, reversing early losses as investors piled into energy and industrials stocks, buoyed by optimism about a global economic recovery and more U.S. stimulus, though subdued mining shares capped gains. The bluechip FTSE 100 index rose 0.3, with oil heavyweights BP and Royal Dutch Shell being the […]

BERLIN, March 9 Reuters Vodafone Group said on Tuesday it would seek to raise up to 2.8 billion euros 3.32 billion in proceeds by floating infrastructure unit Vantage Towers in Europes largest initial public offering of 2021. The UKbased operator set the price range for the flotation of Vantage Towers on the Frankfurt Stock Exchange […]

LONDON, March 9 Reuters Euro zone government bond yields dipped across the board on Tuesday before the release of data that is expected to show the euro zone economy contracted in the fourth quarter of the year. Final numbers on the euro zone economic output are due out at 1000 GMT and market expectations, according […]

The Russian rouble pared early losses to hold steady against a strengthening dollar on Tuesday, supported by firm oil prices and hopes over the global economic recovery. At 0802 GMT, the rouble was stable against the dollar at 74.19 and had gained 0.4 to trade at 88.13 versus the euro. Brent crude oil, a global […]

Reuters Frontier Group Holdings Inc has filed paperwork for an initial public offering, a regulatory filing by the lowcost carrier showed on Monday. The filing did not reveal the number of shares or the price range at which Frontier expects to sell them on the Nasdaq Global Select Market. Airlines across the world have been […]

Rates as of 0500 GMT Market Recap The bond market and interest rates continue to dominate the financial markets attention. Following Fridays blowout nonfarm payrolls figure, which showed an increase in jobs nearly twice what was expected 379k vs 200k expected, and thats after a drop in government employment private payrolls were up 465k, the […]