Commerzbank on Monday beat analysts' expectations for pretax profit in the third quarter as provisions for bad loans decreased.» Read More
LONDON, Oct 3- Deutsche Bank is set to be the bank most affected, with profits hit hardest, by proposals to separate higher risk banking activities from traditional deposit-taking business, which are likely to affect about 20 banks, analysts said.
*Poland seen cutting rates as slowdown deepens. PRAGUE, Oct 3- The zloty led losses in central European currencies on Wednesday, while Polish bonds were a tad stronger ahead of a central bank decision, which is expected to make the third cut in interest rates in the region in a week. By 0909 GMT, the zloty.
*Brent crude slips under $111 a barrel* Euro trades around $1.29, little changed from U.S. levels* Markets await Spain's next move on bailout request By Richard Hubbard.
LONDON, Oct 3- Britain's service sector growth slowed in September and services providers shed jobs for the first time in 10 months, a survey showed on Wednesday, casting more doubt on the chances of a sustained recovery.
*Berenberg starts Commerzbank AG with sell rating. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
LONDON, Oct 2- The Republic of Poland priced its 3.375% EUR1.75bn 12- year bond due July 9 2024 via Commerzbank, HSBC, ING and SG CIB on Tuesday. Order books for the A2/A-/A- rated deal closed at EUR3.5bn before reconciliation. The bond has a spread of 143 bp over mid-swaps and a reoffer price of 99.195, confirmed lead banks.
LONDON, Oct 2- The Republic of Poland has set final terms on its EUR1.75bn 12 year bond due July 9 2024 via Commerzbank, HSBC, ING and SG CIB. Order books for the A2/A-/A- rated deal closed at EUR3.5bn before reconciliation. The bonds will have a spread of 143 bp over mid-swaps once priced, which will occur shortly, a manager said.
By Christopher Johnson and Alice Baghdjian. LONDON, Oct 2- Brent crude oil consolidated around $112 a barrel on Tuesday as investors weighed a weaker outlook for fuel demand and sluggish economic growth against the risk of possible supply disruptions.
By early afternoon in Europe, benchmark oil for November delivery was up 18 cents to $92.66 a barrel in electronic trading on the New York Mercantile Exchange. The contract closed up 29 cents at $92.48 in New York on Monday after a report showed U.S. manufacturing grew in September for the first time in four months.
By Christopher Johnson and Alice Baghdjian. LONDON, Oct 2- Brent crude oil slipped to around $112 a barrel on Tuesday as investors weighed a weaker outlook for fuel demand and sluggish economic growth against the risk of possible supply disruptions.
LONDON, Oct 2- The Republic of Poland, rated A2/A-/A-, will price a new 12- year euro benchmark well inside where it first started to sound out investors after demand reached over EUR3.3bn.
LONDON-- Surprise good news from the U.S. continued to shore up financial markets Tuesday despite concerns about the economic outlook of both Greece and Spain. "The ISM rose above the critical 50 mark in a surprise move yesterday thus creating a jamboree of good sentiment," said Carolin Hecht, an analyst at Commerzbank.
LONDON, Oct 2- The Republic of Poland has opened books on its new 12- year Eurobond with official guidance set at mid-swaps plus 145 bp area, said an official managing the deal. Commerzbank, HSBC, ING and SG CIB received indications of interest totalling EUR2.5bn when sounding out investors earlier on Tuesday morning at swaps plus 150 bp area.
PARIS, Oct 2- European stocks pared early losses and steadied on Tuesday, with investors looking for clues on whether Spain will soon request a bailout that would ease fears of contagion from the euro zone debt crisis.
The A2/A-/A- rated issuer mandated Commerzbank, HSBC, ING and SG CIB for the transaction that is expected to be priced today.
*Three-month Euribor rate rises for first time in 3 months. LONDON, Oct 1- Key Euribor interbank lending rates rose on Monday for the first time in three months as expectations that the European Central Bank could cut interest rates this week are fading.
*Unemployment highest in Spain, lowest in Austria. BRUSSELS, Oct 1- The EU warned on Monday of an "economic and social disaster" if joblessness among young Europeans continued to rise, calling for a joint effort to combat record high unemployment in the countries which share the euro.
LONDON, Oct 1- Robust manufacturing data from Russia pushed its stock market 1 percent higher on Monday, bucking the generally weaker trend in emerging equity markets while central European currencies firmed modestly as the euro recovered from lows.
LONDON, Oct 1- Activity in the British manufacturing sector shrank more than expected in September as export orders fell and costs soared, a survey showed, raising the risk that the economy will falter after a rebound over the past few months. The Bank of England also released the following data for consumer credit and M4 money supply on Monday.
*Unemployment highest in Spain, lowest in Austria. BRUSSELS, Oct 1- Unemployment in the euro zone remained at record highs in August and the number of people out of work climbed again, highlighting the human cost of the bloc's three-year debt crisis.