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Archive Europe Markets

  • *Political risk hits Italy's stocks, bonds. NEW YORK, May 18- Wall Street's benchmark S&P 500 stock index dipped on Friday on persistent trade concerns, while U.S. 10- year Treasury yields declined from a near seven-year peak after a burst higher this week. In Europe, political uncertainty in Italy weighed on stocks and bonds as well as on the euro.

  • *Saudi Arabia makes assurances on supplies. *BP sees oil prices falling to $50- $65/ barrel- Dudley. NEW YORK, May 18- Oil prices fell on Friday, but Brent crude marked its sixth straight week of gains, boosted by plummeting Venezuelan production, strong global demand and looming U.S. sanctions on Iran.

  • *Saudi Arabia makes assurances on supplies. *BP sees oil prices falling to $50- $65/ barrel- Dudley. NEW YORK, May 18- Oil prices fell on Friday, but Brent crude marked its sixth straight week of gains, boosted by plummeting Venezuelan production, strong global demand and looming U.S. sanctions on Iran.

  • *Saudi Arabia makes assurances on supplies. *BP sees oil prices falling to $50- $65 a barrel- Dudley. NEW YORK, May 18- Oil prices fell on Friday, but Brent crude was on track for a sixth straight week of gains, boosted by plummeting Venezuelan production, strong global demand and looming U.S. sanctions on Iran.

  • *Wall Street in check amid trade talk, tepid earnings. NEW YORK, May 18- Political uncertainty in Italy weighed on the country's stocks and bonds as well as the euro on Friday, while trade concerns and tepid corporate earnings kept Wall Street in check. Treasury yields breaking above 3.1 percent and oil prices topping $80 a barrel.

  • *Selling reaches CEE stocks, they underperform Europe. BUDAPEST/ WARSAW, May 18- Central European assets fell on Friday, with the week's regional sell-off also spreading into equity markets as the dollar resumed its strengthening in global markets. A rise in U.S. debt market yields and a firming of the dollar caused selling and repricing of assets in emerging...

  • *Italy's new govt would boost spending, seek review of EU rules. LONDON, May 18- Italy's long-term borrowing costs jumped to more than seven-month highs on Friday while stocks in Milan fell more than one percent after two anti-establishment parties pledged to increase spending in a deal to form a new coalition government. Italy's bond and stock markets were left...

  • *Italy's new govt would boost spending, seek review of EU rules. LONDON, May 18- Italy's long-term borrowing costs jumped to more than seven-month highs on Friday while stocks in Milan fell more than one percent after two anti-establishment parties pledged to increase spending in a deal to form a new coalition government. Italy's bond and stock markets were left...

  • *Italy's new govt would boost spending, seek review of EU rules. LONDON, May 18- Italy's long-term borrowing costs jumped to more than seven-month highs on Friday while stocks in Milan fell one percent after two anti-establishment parties signed a deal to form a coalition government and pledged to ramp up spending. But the deal still puts Italy, the euro zone's...

  • LONDON, May 18- Gold prices dipped on Friday, weighed down by a firmer dollar, but some traders said signs pointed to a rebound. at 1025 GMT, after hitting its lowest since Dec. 27 in the previous session at $1,285.41. "There are many drivers that are pointing to an upside in the precious metals, so we're buying into this weakness," said Gianclaudio Torlizzi, partner at...

  • *Poland leads yield fall despite 7.8 pct rise in wages. BUDAPEST/ WARSAW, May 18- Central European government bonds mostly firmed on Friday as a rally in U.S. yields stalled, overshadowing local factors such as figures showing a jump in Polish wages in April. Currencies in the European Union's eastern wing closely tracked the euro/dollar.

  • *Beijing offers Trump package in trade talks. LONDON, May 18- Calm returned to world markets on Friday after a rollercoaster week that has seen oil break $80 a barrel, government borrowing costs jump and emerging markets battered by a pumped-up dollar. Traders were wondering if it would all flare up again with Italian politics unsettled, the United States and...

  • MILAN, May 18- European shares dipped in morning trading on Friday but were on course for eight straight weeks of gains, supported by a rally in energy shares and a weaker euro, which helped investors shrug off worries over Italy. The pan-European STOXX 600 index fell 0.3 percent by 0827 GMT but remained near its highest level in more than three months and was up 0.5...

  • *Italy yields set for biggest weekly jump in over a year. LONDON, May 18- Italian government bond yields were set on Friday for their biggest weekly jump in over a year, with unease over the plans of a coalition government taking shape in Rome keeping upward pressure on borrowing costs. The common government policy agenda of Italy's two anti-establishment parties...

  • KEEPING SCORE: Britain's FTSE 100 fell 0.2 percent to 7,773 a day after closing at a record high, while France's CAC 40 was flat at 5,623. Germany's DAX fell 0.1 percent to 13,105. Futures augured small gains on Wall Street with S&P futures up 0.1 percent and Dow futures up 0.3 percent. Hong Kong's Hang Seng index advanced 0.3 percent to 31,047.91.

  • *Wall St dips, Britain's FTSE 100 marks record closing high. NEW YORK, May 17- Yields on benchmark U.S. government bonds rose on Thursday to their highest in about seven years, pushing the U.S. dollar to a four-month peak against the yen, while oil prices topped $80 a barrel for the first time since November 2014 before pulling back. Wall Street's main stock indexes fell,...

  • LONDON— Britain's FTSE 100 index of leading shares has closed at a record high. The index ended Thursday's session 0.7 percent higher at 7,787.97, surpassing its previous peak of 7,778 in mid-January. As well as potentially boosting exports, a lower pound is good news for many of the multinational companies listed in London, as the money they make abroad will be...

  • LONDON, May 17- European shares rose on Thursday to a fresh 3-1/ 2 month high as oil stocks rallied and online supermarket Ocado shot up after it signed a game-changing deal in the United States. Italian stocks had tumbled more than 2 percent on Wednesday after a leaked draft coalition programme indicated that the parties planned to ask the European Central Bank...

  • NEW YORK— Investors are fearfully watching for signs that inflation is picking up. Stocks tumbled in February when Wall Street thought a big increase was coming, and since then, stocks have rallied when the market received signs that inflation was in check. Even as the Federal Reserve, under Chairman Jerome Powell, raises borrowing costs in the U.S. to stave off...

  • LONDON, May 17- The initial sanctions shockwaves may have passed but the aluminum market is still structurally stressed by the U.S. The price explosion after the original April 6 sanctions announcement went into reverse on April 23, when the U.S. After hitting a seven-year high of $2,718 per tonne on April 19 the London Metal Exchange aluminum price has...