Rouble rallies sharply Hits strongest since June 2015 vs euro Sberbank CIB says selling gas for roubles behind rally Further rouble firming not welcomed by budget May 20 Reuters The Russian rouble rallied to its strongest levels against the euro and dollar since June 2015 and March 2018 respectively on Friday, which analysts attributed to […]

China cuts 5year loan prime rate by 15 bps STOXX ends week lower, erases big declines from earlier Richemont cautious on China growth Other luxury stocks slide May 20 Reuters European shares rose on Friday, with a boost from defensive sectors after hopes of an economic recovery in major trading partner China were bolstered by […]

Futures point to opening gains on Wall Street German IFO business index shows unexpected resilience ECB says could see interest rate liftoff in July Euro rallies on prospect of rise in euro zone rates LONDON, May 23 Reuters Stocks kept just above bear market terrain on Monday while the euro leapt after the European Central […]

DUBAI, May 23 Reuters Abu Dhabiheadquartered petrochemicals firm Borouge said on Monday it has set the offer price for its initial public offering IPO, which shows it could raise about 2 billion in the deal, and secured seven cornerstone investors. The Abu Dhabi National Oil Company and Borealis39; joint venture set the IPO price at […]

Euro back above 1.06, yen also rallies Aussie adds 1, but election reaction limited Poor start to week for dollar follows last week39;s selloff LONDON, May 23 Reuters The euro rallied on Monday as investors sold the dollar on hopes that loosening lockdowns in China could help global growth. A calmer mood on equity markets […]

Kingfisher gains as retailer maintains FY forecast Moonpig hits near 3month high on Smartbox deal Oil, mining stocks lead morning gains FTSE 100 up 0.7, FTSE 250 adds 1 May 23 Reuters UK39;s top share index gained on Monday as higher commodity prices boosted shares of mining and oil majors, while home improvement retailer Kingfisher […]

Rates as of 0500 GMT Market Recap AUD and NZD were the biggest winners since Friday morning. I doubt if this had anything to do with the Labor Party victory in the Australian Federal election, as was widely expected. Thats because a AUD didnt gap higher at the opening Monday, as wouldve been expected in […]

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