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Europe News London

  • *Asia stocks slip despite Wall Street scaling new highs. SINGAPORE, May 26- Crude prices were on the defensive on Friday after an agreement by OPEC to extend existing supply curbs disappointed investors wagering on larger cuts, prompting a move away from riskier assets and depressing Asian stocks. The Organization of Petroleum Exporting Countries and some non-...

  • May 26- Gold edged lower early Friday as the dollar steadied due to weakness in commodity currencies after an extension of output curbs by OPEC and other producing nations left investors hoping for bigger cuts disappointed. *Spot gold was down 0.2 percent at $1,253.10 per ounce by 0110 GMT. *OPEC and non-members led by Russia decided on Thursday to extend cuts in...

  • *Asia stocks slip despite Wall Street scaling new highs. SINGAPORE, May 26- Crude prices remained subdued early on Friday after an agreement by OPEC to extend existing supply curbs disappointed many who had hoped for larger cuts. The Organization of Petroleum Exporting Countries and some non- OPEC producers agreed at a meeting in Vienna on Thursday to extend...

  • FRIDAY, MAY 26 MONTREUX, Switzerland- ECB Board Member Benoit Ceure participates in 24th Reunion of the Governors des Banques Centrales des Pays Francophones Organized by the Swiss National Bank- 2000 GMT. TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at the 2017 Spring Annual Meeting of the Japan Society of Monetary Economics. BRUSSELS- ECB President...

  • FRIDAY, MAY 26 MONTREUX, Switzerland- ECB Board Member Benoit Ceure participates in 24th Reunion of the Governors des Banques Centrales des Pays Francophones Organized by the Swiss National Bank- 2000 GMT. TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at the 2017 Spring Annual Meeting of the Japan Society of Monetary Economics. BRUSSELS- ECB President...

  • Previous EU negotiating positions have stressed Brussels' aim of protecting the rights of 3 million citizens of the other 27 current member states now living in Britain once it quits the bloc in March 2019, though they have said this should be reciprocated by the EU for over a million British expatriates. The paper, to be discussed by diplomats next week, goes into...

  • CHICAGO, May 25- U.S. soybean futures fell to a 1-1/ 2- month low on Thursday, pressured by a sharp drop in crude oil prices, traders said. Wheat futures were mixed, with K.C. hard red winter wheat and Chicago Board of Trade soft red winter wheat easing on technical selling. K.C. hard red winter wheat for July delivery settled down 1-1/ 2 cents at $4.31-1/ 4 a bushel and CBOT...

  • NEW YORK/ LONDON, May 25- Gold eased on Thursday as the dollar came off its lows and world stock markets scaled fresh highs, giving back some gains from the prior session when U.S. Capital Economics analyst Simona Gambarini said that gold's resilience could falter in coming weeks, citing indications in the Fed minutes that tighter monetary policy is on the cards.

  • *U.S. crude tumbles more than 5 pct after OPEC meeting. NEW YORK, May 25- U.S. stocks scaled fresh highs on Thursday after strong earnings reports from retailers, outpacing European shares which closed little changed, while oil prices plunged after top oil producers extended output cuts for a shorter period than expected. "The lack of fear, the complacency is...

  • ABUJA, May 25- Nigeria's Senate passed a long-awaited oil governance bill on Thursday which the president of parliament's upper chamber said would improve transparency in the OPEC member's energy industry and stimulate growth in the sector. The Petroleum Industry Governance Bill is one part of proposed reforms that make up the sprawling Petroleum...

  • *OPEC agrees to extend output cuts for nine months. *Non-OPEC producers join OPEC in extending supply agreement. As expected, the Organization of the Petroleum Exporting Countries, along with other non- OPEC members, agreed to extend a cut in oil supplies of 1.8 million barrels per day until the end of the first quarter of 2018 to reduce a glut of supply.

  • *Europe stocks near highs; miners, energy weigh. NEW YORK, May 25- World stock markets scaled fresh highs on Thursday, with key U.S. indexes lifted by rosy retailer results, while the U.S. dollar dipped and oil prices fell after top oil producers extended output cuts for a shorter period than expected. Oil prices fell as OPEC prepared to extend supply curbs by nine...

  • *UK economy lags behind Germany, Spain and France. LONDON, May 25- Britain's economy slowed more sharply than first thought in early 2017 as consumers felt the hit from the rise in inflation that followed the Brexit vote and exporters struggled to benefit from the weak pound. Although employment remains at a record high, the economy has lost a lot of its momentum of...

  • At 10:35 a.m. CDT, K.C. hard red winter wheat for July delivery was up 3-3/ 4 cents at $4.36-1/ 2 a bushel and MGEX July spring wheat futures were 3-1/ 2 cents higher at $5.64-1/ 2 a bushel. Chicago Board of Trade July soft red winter wheat, the most actively traded wheat contract was 1 cent higher at $4.33-1/ 2 a bushel. "I think the wheat market has bottomed out at around $4.30;...

  • LONDON, May 25- Borrowing costs across the euro area fell on Thursday on further signs that major central banks are wary of stepping back from ultra-loose monetary policies too quickly. Bank of Japan board member Makoto Sakurai on Thursday ruled out the chance of an imminent hike in the BOJ's bond yield target, stressing the need to maintain its massive stimulus...

  • *China's soaring weight in bond indexes a headache for funds. LONDON/ HONG KONG, May 25- Record-breaking dollar bond sales from Chinese companies are steadily increasing China's weight in global indexes, raising concerns about overexposure among investors who track them. Stripping out maturing debt and coupon payments, year-to-date bond sales from...

  • NEW YORK— U.S. stocks climbed for the sixth day in a row Thursday as strong first-quarter results from retailers like Best Buy and PVH led indexes to record highs. Kate Warne, an investment strategist for Edward Jones, said she doesn't think Thursday's retail earnings are a sign that business for traditional retailers is getting better. And even though OPEC and a...

  • *OPEC agrees to extend output cuts for nine more months. *Saudi, Iran say deeper OPEC, non- OPEC cuts not needed. LONDON, May 25- Oil prices fell on Thursday as OPEC prepared to extend limits to production by nine months to March 2018 in an attempt to drain a glut that has depressed markets for almost three years.

  • *UK, other regulators likely to use code in legal oversight. LONDON, May 25- Regulators and leading financial firms launched a new code of conduct for global currency trading on Thursday, including measures aimed at forcing its universal adoption by the world's major financial institutions. Industry players said the code was its last chance to head off full...

  • Poor air quality could push back down the cost of buying a house in some areas.