STOXX 600 briefly hits lowest since March 8 Siemens drops as it takes hefty charge Russian gas flows to Europe via Ukraine fall May 12 Reuters European stocks slumped on Thursday, echoing sharp losses on Wall Street overnight, after U.S. inflation data fuelled worries about the impact of rising interest rates on economic growth. The […]

Euro retreats below 1.04, dollar gains Russian gas move adds to euro39;s woes Yen set to snap nineweek losing streak LONDON, May 13 Reuters The euro hovered near its weakest point since early 2017 on Friday after Russian sanctions led to disruptions in gas supplies to Europe, renewing fears about an economic slowdown in the […]

Important for FX rates to move stably BOJ Kuroda Weak yen boosts exports, inflates import prices Finmin Suzuki Kuroda echoes Suzuki39;s warning sharp yen moves undesirable TOKYO, May 13 Reuters Bank of Japan Governor Haruhiko Kuroda said recent sharp yen moves were undesirable, echoing comments by the finance minister in a sign policymakers were focusing […]

BENGALURU, May 13 Reuters Indian shares rose on Friday as Asian markets firmed, heavyweight Reliance Industries rallied, and investors looked past a high domestic inflation reading, while automaker Tata Motors surged after reporting improved demand. The NSE Nifty 50 index was up 1.03 at 15,970.45 as of 0508 GMT, with all major subindexes trading higher, while […]

Rates as of 0500 GMT Market Recap Volatility remains the name of the game. The NASDAQ index for example was up 1.6 at one point yesterday, then down 2.1, then closed more or less unchanged 0.06. Similar movement for the SP 500 at its lows it was just shy of a 20 decline from its […]

A selloff in the equity market and a new wave of flight to the dollar on Thursday provided the perfect combination to knock out gold, which slipped to 1810 in thin trading on Friday morning, falling to its lowest level since early February. Right now, its up to gold to decide whether we see a […]