Dollar hits 6-month low on weak housing data, political turmoil

The U.S. dollar index touched its lowest since early November on Tuesday, hurt by weaker than expected U.S. housing data and concerns after political turmoil once more hit Washington. A rally in the euro was reinforced by dollar losses, prompted by allegations that U.S. President Donald Trump disclosed highly classified information to Russia’s foreign minister about a planned Islamic State operation…

Dollar edges up ahead of Fed decision; Fall in Iphone, U.S. car sales knock global stocks

World stock markets fell on Wednesday as declines in iPhone sales brought about some concern about consumer strength, while the dollar edged higher before a U.S. central bank statement that may hint towards a rate hike next month. Apple Inc (AAPL.O) lost 0.9 percent as the biggest drag on the S&P 500 after it reported a surprise fall in iPhone sales in its fiscal second quarter on Tuesday. The drop came on the heels of a decline in sales for U.S. automakers for April and a soft first-quarter reading on U.S. growth last week…

France is the weakest economy next to Germany and the U.K.

France is stuck in a major rut. Europe’s third biggest economy has suffered years of anemic growth, high unemployment and budget deficits, while neighbors such as Germany and the U.K. have enjoyed a stronger recovery from the global financial crisis. The country’s economic malaise is a major issue in presidential elections scheduled for Sunday…

Stocks, dollar, U.S. treasury yields recover lost ground on hope Trump can bolster economy

Stocks, the dollar and U.S. long-dated Treasury yields slipped on Monday as investors fretted that U.S. President Donald Trump’s defeat over healthcare reform foreshadowed difficulties delivering other campaign promises, in particular fiscal stimulus. Trump’s failure to rally enough support from his own Republican party – which controls both houses of U.S. Congress – to repeal and replace Obamacare spurred a rush to safe-haven assets such as gold XAU=, the Japanese yen JPY= and the Swiss franc CHF=…

Dollar rises ahead of Fed’s rate hike expectation, Wall Street set to follow EU stocks lower

The dollar rose before the start on Tuesday of a Federal Reserve policy meeting expected to raise U.S. interest rates, while European shares fell as investors faced a week packed with political and market risks. Wall Street looked set to follow Europe lower, index futures showed, having traded in a very tight range on Monday with eyes on the Fed…

Greece needs a shock of growth: Greece’s deputy prime minister Dragasakis

In the long and winding road of Greek debt drama, disappointment and hope have been the alternating emotions that every government has faced. With the nation’s crisis no nearer to being resolved than when it erupted seven years ago, negotiations with creditors at another critical juncture and Europe engulfed in uncertainty, the need for hope has never been greater…

Wall Street, EU shares, EUR/USD down as oil prices slumped, political uncertainty

The euro fell to a one-week low against the dollar on Monday on uncertainty ahead of several impending European elections, while European and U.S. stock markets dipped ahead of a heavy week of corporate results. Concerns over French politics ahead of the presidential vote in April, as well as other elections in Europe later in the year, dented the euro…

Is Donald Trump making China look great again?

Two years ago, some European and US experts gathered to discuss China in an elegant English country house. The setting was seductive, but the mood was dark. Two years into Xi Jinping’s presidency, China’s politics were turning away from the liberalising trend of the previous three decades, towards a hard-edged nationalism that was discomfiting China’s immediate neighbours and their western allies…

Grexit could be back with a ‘vengeance’ if Greece, EU fail to reach compromise

Greece’s embattled government has three weeks to break the deadlock in increasingly difficult talks with creditors or risk the country’s debt crisis resurfacing with renewed vigour. Faced with the dilemma of agreeing to additional austerity or calling fresh elections, prime minister Alexis Tsipras was weighing his options at the weekend…

UK’s first nuclear power station in two decades will be delayed by Brexit

Britain’s first nuclear power station in two decades will be delayed by a government decision to quit Europe’s atomic power treaty, experts have warned. Ministers revealed on Thursday that Brexit would involve the UK leaving Euratom, which promotes research into nuclear power and uniform safety standards. The news poses problems for the Hinkley Point C station in Somerset, while raising questions over safety inspection regimes and the UK’s future participation in nuclear fusion research…

talian bank stocks fell, euro swung wildly after PM Renzi resigns

The euro swung wildly against the dollar and bank stocks in Italy slumped as the country appeared headed for a period of political and financial turmoil. Prime Minister Matteo Renzi said Monday that he would resign after his program of constitutional reform was rejected by Italians in a referendum, with the ‘No’ campaign winning nearly 60% of the vote…

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