Group of Seven nations finance ministers agreed to tackle the issue of how to deal with failing banks and gave gave a green light to Japan's efforts to galvanize its economy.» Read More
Deals such as Yahoo's $1.1 billion bid for Tumblr indicate that companies continue to search for growth through acquisitions despite record high share prices, a bullish sign for stocks.
LONDON, May 20- European shares reached new five-year peaks on Monday, supported by strength in the autos and travel sector, where budget airline Ryanair's stock hit a record high on the back of strong earnings. Travel and leisure stocks gained 1.1 percent, led by a 6.9 percent jump in Ryanair after it reported expectation-beating earnings for the past year.
LONDON, May 20- European investigators have asked top trading houses Glencore, Vitol and Gunvor to help with a probe into oil price manipulation, while not suggesting they are under investigation, industry sources said on Monday.
LONDON, May 20- Low-risk German Bunds fell on Monday in the wake of upbeat U.S. data last week that eased concern about growth in the world's biggest economy, but a bleak euro zone outlook was expected to limit losses.
LONDON, May 20- European shares edged to fresh five-year highs on Monday, boosted by strength in German stocks and a travel sector lifted by a surge in Ryanair. Travel and leisure stocks gained 1.1 percent, led by a 6.9 percent jump in Ryanair after it reported expectation-beating earnings for the past year, lifting its shares to a record high.
NEW YORK, LONDON, May 20- Crude oil prices rose on Monday, reversing early losses to trade higher by late morning in New York as the dollar weakened, but ample supplies of crude oil were expected to limit gains.
*Gold gains after longest losing streak in four years. Deals such as Yahoo's $1.1 billion bid for Tumblr indicate that companies continue to search for growth through acquisitions despite record high share prices, a bullish sign for stocks. "
LONDON, May 20- Copper turned slightly positive in volatile trading on Monday, helped by a weaker U.S. dollar and shrinking inventories of the metal in Asia, but concerns about sluggish Chinese growth capped gains. Copper has rebounded from 18- month lows earlier this month below $6,800 a tonne but is still 13 percent off the 2013 high hit in February. "
*Brazil sugar harvest off to good start. LONDON, May 20- Raw sugar futures on ICE fell to a near-three-year low on Monday, as strong cane crushing in top producer Brazil kept the market under pressure. "Everybody is waiting for Brazil to be in full swing, as they think the price will be lower once Brazil's crop is coming in, in large quantities," said a London- based broker.
LONDON, May 20- AstraZeneca is closing in on a site for its new $500 million home in Cambridge, with a biomedical park just south of the English city the most likely site, property industry sources said.
LONDON, May 20- Petroleum coke piled up along the banks of the Detroit River has sparked a storm of protest from local residents and environmental campaigners, who claim they are just one more problem associated with the bituminous tar sands being mined in western Canada.
*Ryanair jumps after forecast-beating results. LONDON, May 20- European shares held steady on Monday after touching a new five-year high, with positive data from the United States and Japan pointing to an improving global economic outlook, boosting the market's near-term sentiment. The STOXX Europe 600 Basic Resources index fell 1.3 percent.
LONDON, May 20- U.S. corn futures were lower for new crop contracts on Monday, weighed by a pick-up in planting progress in the United States, while tight supplies boosted old crop prices.
LONDON, May 20- Safe-haven German Bunds fell on Monday after forecast-beating U.S. consumer sentiment data last week, but a bleak outlook for the euro zone was expected to limit losses.
LONDON/ STRASBOURG, France, May 20- A European Union law up for a vote on Monday will only fully shield taxpayers from bailing out troubled banks if there is a global framework as well, a top UK regulator said on Monday.
*MSCI world equities highest since 2008. LONDON, May 20- Brent crude oil slipped towards $104 per barrel on Monday on ample supplies, weaker demand for fuel and a strong dollar, despite strong equity markets. Brent crude futures for July were down 55 cents at $104.09 per barrel by 1040 GMT, after three straight sessions of gains.
LONDON, May 20- The yen lifted off a 4-1/ 2- year low against the dollar on Monday after Japan's economy minister suggested the currency might have weakened enough, prompting some investors to pare bets against it. Last Friday, the dollar reached a high of 103.32 yen, while the euro hovered near a 3-1/ 2- year peak of 132.78 yen.
*Investors eye China, Europe flash PMIs on Thursday. LONDON, May 20- Copper fell on Monday after two sessions of gains as lacklustre global growth and sluggish Chinese metals demand weighed on markets and as investors continued to favour equities over commodities.
*Ryanair jumps after forecast-beating results. LONDON, May 20- European shares set a new five-year high for a fourth straight session on Monday after positive indicators from the United States and Japan pointed to an improving global economic outlook.
*MSCI world equities highest since 2008. LONDON, May 20- Brent crude oil held above $104 per barrel on Monday, supported by strong equity markets and a slightly lower dollar, despite a weaker outlook for fuel demand and ample supplies. Brent crude futures for July were down 30 cents at $104.34 per barrel by 0810 GMT, after three straight sessions of gains.