LONDON, Nov 27- Copper prices slipped on Thursday, weighed down by a strong dollar, although further falls were capped by support from monetary easing in top consumer China and an upturn in economic sentiment in Europe while a strong dollar capped gains. Three-month copper on the London Metal Exchange, untraded at the close, was bid at $6,555 a tonne, down 0.2...» Read More
European stocks were seen inching lower on Thursday, adding to this week's sell-off as mounting worries over unrest in Lybia sent U.S. crude oil futures above $100 a barrel.
An unfortunate turn in Swiss-Libyan diplomatic relations in 2008 may now have a silver lining for the Alpine economy.
Simon Derrick from Bank of New York Mellon has back through the history books to see how the dollar reacts to political tensions with Iran. He found that as long as American troops were not involved in any of the problems, the dollar did very well when Tehran has been in the headlines back through the history books to see how the dollar reacts to political tensions with Iran and found that if American troops are not involved in any problems, the dollar has in the past done very well when Tehran was in the headlines.
Following in the footsteps of Greece and Ireland, the Portuguese market looks set for a speculative attack, Silvio Peruzzo, European economist at RBS in London, told CNBC.
With oil prices rising sharply on the back of the crisis in Libya, the head of the International Energy Agency has warned crude prices hitting $100 a barrel could be bad news for economic growth.
Saudi Arabia will not allow any supply disruptions from the Middle East to impact global supplies of oil, the oil-rich country's deputy oil minister told CNBC Tuesday.
Oil prices could make further gains but US stocks could be set for a difficult year, Marc Faber, the author the closely-watched Gloom, Boom and Doom report, said in an interview.
"Higher oil is by definition going to be a drag on spending and the economy and the uncertainty the middle-east crisis is creating is bad news for sentiment," Simon Derrick, head of currency research at BNY Mellon, said.
European shares are set to fall on Tuesday as concerns grow over the political unrest in Libya and Asian stock markets tumbled.
If previous EU responses to the euro crisis are any guide, investors should not be expecting a highly-coordinated, shock-and-awe approach like those we have seen from the US authorities.
The uprisings in the Middle East have been in part blamed on soaring food prices but one market watcher told CNBC those states with huge oil wealth should be better able to keep their people appeased by subsidizing food prices and other incentives.
The risk-on trade that has driven equities and commodity prices since the Federal Reserve started talking about the second round of quantitative easing last year is under threat from inflation, one analyst warned Monday.
In the five-star Westin Hotel in Paris Friday, the world's top central bankers met to discuss the risks facing the global economy in 2011.
European shares were set to edge up Wednesday on optimism for European companies' health as the latest raft of results is released.
European shares are expected to open higher on Tuesday, extending the previous session's 29-month closing high.
European shares were set for a mixed open on Wednesday, staying close to 29-month highs, as worries about the effect of China raising rates were offset by some strong corporate data.
The Group of 20 industrialized nations is on its way to obsolescence and the world is at a point where neither a single country nor a bloc of countries will be able to drive an international agenda, according to Ian Bremmer, president of Eurasia Group, and Nouriel Roubini, chairman of Roubini Global Economics.
European stock index futures pointed to a mixed open for equities on Tuesday, with shares pausing for breath after a rally since the beginning of the month.
European shares were set to rise on Friday, tracking gains on Wall Street, as encouraging weekly U.S. jobless data boosted confidence about a recovery in the labor market.
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