CNBC's Simon Hobbs reports Europe breaks its three day losing streak led by building and property stocks.» Read More
Two big multi-national players turn in good--but not great--earnings, and may indicate a bigger trend.
July 22- The U.S. dollar moved back to trade little changed against the euro, giving up earlier gains which drove the European currency to an eight-month low against the greenback on U.S. inflation data for June. The Labor Department said on Tuesday its Consumer Price Index increased 0.3 percent last month after May's 0.4 percent gain.
*EU foreign ministers meeting eyed for message to Russia. LONDON, July 22- The dollar rose to its strongest against the euro in almost six months on Tuesday ahead of U.S. inflation numbers for June which should add to a picture of growing divergence between the U.S. and European economies.
LONDON, July 22- The Australian dollar rose on Tuesday, the main mover on developed world currency markets, after the country's central bank chief said he was happy with current interest rate levels and made no attempt to talk down the currency.
HONG KONG, July 22- China's yuan edged up on Tuesday, holding in a narrow range due to a lack of trading cues, with the overall market shifting to a more positive outlook on the currency for the rest of the year. The People's Bank of China fixed its official rate at 6.1544 per dollar, largely unchanged from Monday's fixing of 6.1547.
Still, markets were unable to fully shake off geopolitical concerns as tensions in the Ukraine and Gaza remained high, keeping the dollar and euro in a narrow corridor against the Japanese currency.
But that said, markets were still unable to fully shake off geopolitical concerns as tensions in the Ukraine and Gaza remained high, limiting the rebound by the dollar and euro against the safe-haven yen.
*Major Wall Street stock indexes pare initial losses. NEW YORK, July 21- The U.S. dollar held steady against major currencies on Monday as investors reduced holdings of stocks and other risky assets on anxiety about escalating violence in Gaza and Ukraine.
LONDON, July 21- Currency investors began on Monday to show a glimmer of concern over the risks a surprise from Scotland's September vote on independence might pose to sterling, having appeared complacent over the issue so far.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including losses ahead of tomorrow's EU sanctions meeting and if Putin will in turn impose sanctions against the EU.
*Euro rebounds from five-month low vs dollar, above $1.35. NEW YORK, July 21- The U.S. dollar held steady against major currencies on Monday as investors reduced holdings of stocks and other risky assets on anxiety about escalating violence in Gaza and Ukraine.
LONDON, July 21- Britain's anti-fraud agency said on Monday it has launched a criminal investigation into alleged rigging of the $5.3 trillion- a-day currency market.
LONDON, July 21- Britain's anti-fraud agency said on Monday it has launched a criminal investigation into alleged rigging of the $5.3 trillion- a-day currency market. "The Director of the Serious Fraud Office has today opened a criminal investigation into allegations of fraudulent conduct in the foreign exchange market," the agency said in a statement.
This week, a mother lode of second quarter earnings are due. Early results are giving Wall Street reasons to be encouraged.
*Holiday in Japan saps currency markets. LONDON, July 21- The yen and Swiss franc climbed on Monday, supported by safe-haven inflows as European stocks stumbled, while the dollar was pegged back against the euro by subdued U.S. yields. Volumes were light though, due to a holiday in Japan.
BUDAPEST, July 21- Hungary could risk a selloff in its currency by converting its huge stock of Swiss franc and euro mortgages into forints as the timing looks tricky: the planned conversion will take place after the Fed ends its stimulus programme.
BEIJING, July 21- China signed a bilateral currency swap agreement worth 150 billion yuan with the Swiss central bank, which can invest up to 15 billion yuan in China's bond market. The Swiss National Bank is allowed to invest up to 15 billion yuan in China's interbank bond market under a quota given by the PBOC.
*Holiday in Japan saps currency markets. LONDON, July 21- The euro climbed against the dollar on Monday as subdued U.S. yields capped the greenback, while the yen was supported by safe-haven inflows. Volumes, though were light due to a holiday in Japan.
The euro regained ground on the dollar, but trading was not energetic thanks to a holiday in Japan and geopolitical tensions.
*Holiday in Japan saps currency markets. SYDNEY, July 21- The euro regained more ground on the dollar in Asia on Monday, having rebounded from a five-month trough, but trading was anything but energetic thanks to a holiday in Japan and amid concerns that geopolitical tensions could flare up at any time.