LONDON, July 16- Core bond yields in Europe tumbled to session lows on Tuesday after a survey showed the mood among German investors darkened more than expected in July, raising pressure on the central bank to ease monetary policy as early as next week. "The ZEW data is not very encouraging and market expectations of a 10 basis point depo rate cut next week have...
*Sterling back below $1.25, hits new 6- month low vs euro. LONDON, July 16- The euro fell on Tuesday after signs of deteriorating sentiment among German investors, although the prospect of more central bank easing- starting with the Federal Reserve later this month- meant another day of small, contained currency moves. The ZEW economic sentiment survey in Germany...
July 16- Ryanair has slashed its growth plans for next summer, blaming delays in deliveries of Boeing's grounded 737 MAX jet, lifting the shares of rival airlines which had feared a surge in new planes would hit ticket prices. Europe's largest budget airline, which has firm orders for 135 of the 737 MAX, is one of Boeing's biggest customers for the plane.
BUDAPEST, July 16- Central European currencies traded slightly firmer while Hungarian government bond yields edged 2-3 basis points lower on Tuesday morning in quiet trading, tracking core market Bund and U.S. Hungary will sell 3- month treasury bills at an auction at 0930 GMT where the average yield may actually dip into negative territory after last week...
MSCI's emerging market index tracking equities was marginally higher, lifted by gains in Asian heavyweights Hong Kong, South Korea and Taiwan. Mainland China shares however, closed lower as investors fretted over slower growth in the world's second-largest economy and the impact of the Sino-U.S. trade war, even as Beijing ramped up stimulus efforts.
LONDON, July 16- Boris Johnson, the frontrunner to replace Theresa May as Britain's prime minister next week, has become more radical on the issue of the Irish backstop making the Brexit picture starker, Conservative lawmaker Dominic Grieve said on Tuesday. Both Johnson and his rival, foreign minister Jeremy Hunt, told a debate on Monday they were not willing to...
SINGAPORE, July 16- Nickel prices on Tuesday jumped to their highest in 11 months as some funds pushed up their purchase of the metal pegged to benefit from the burgeoning electric vehicle industry. Shanghai nickel also touched an 11- month high of 109,710 yuan a tonne during Asian trading hours before paring some of the gains, and ended up 4.1% at 109,460 yuan a...
July 16- European stock markets crept higher on Tuesday as investors awaited the first flood of second quarter earnings releases, with London's FTSE 100 boosted by a first-quarter pickup in sales for Burberry. Italian shares dipped 0.2% as Fiat Chrysler slid 3.7% after Goldman Sachs recommended selling the carmaker, while Germany's DAX was propped up by a...
ISLAMABAD/ NEW DELHI, July 16- Pakistan re-opened its airspace to civil aviation on Tuesday following months of restrictions imposed after clashes with India, which forced lengthy detours that cost airlines millions of dollars. "Pakistan airspace is open for all types of civil traffic on published ATS routes," according to a so-called Notice to Airmen...
PARIS, July 16- Central banks should not only be independent from political pressures but also from short-term pressures such as financial markets' perceptions of inflation, ECB policymaker Francois Villeroy de Galhau said on Tuesday. "We are data dependent and I say this in particular for the ECB: in our coming Governing Council meetings, we will assess actual...
*New Zealand dollar gets inflation boost. LONDON, July 16- The euro fell on Tuesday as investors waited for a sentiment reading of Germany's economy, although the prospect of more central bank easing starting with the Federal Reserve later this month kept currency moves limited. The single currency stood at $1.1251 in early London trading, down slightly on the...
MILAN- LISTED SHARES IN FIAT CHRYSLER EXTEND LOSES, DOWN 3.3%, WORST PERFORMER ON ITALYS BLUE CHIP INDEX <.
FRANKFURT, July 16- Shares in German chemicals company Bayer rose 1.8% in early trade on Tuesday after a U.S. judge slashed a damages award Bayer owes a California man who blamed its Roundup weed killer for his cancer. The judge said evidence against the former Monsanto Co, which Bayer bought last year, supported punitive damages over the glyphosate ingredient...
MILAN- LISTED SHARES IN FIAT CHRYSLER DOWN 1.4%, GOLDMAN SACHS INITIATES WITH SELL RATING; EUR 11.5 TARGET PRICE.
July 16- Europe's largest budget carrier Ryanair has cut its forecast for growth in traveller numbers next summer due to the possibility of further delays in deliveries of Boeing 737 MAX planes. "Boeing is hoping that a certification package will be submitted to regulators by September with a return to service shortly thereafter," Ryanair Chief Executive...
New York City has been overtaken as the world's best city for female founders, according to Dell's 2019 Women Entrepreneur Cities Index.
NICKEL 3- MONTH FORWARD CONTRACT ON LONDON METAL EXCHANGE RISES 2.1% TO $13,950 A TONNE.
SINGAPORE, July 16- London copper prices were almost unchanged on Tuesday, hovering around a two-week high hit in the previous session after top consumer China reported positive industrial output and investment data. Three-month copper on the London Metal Exchange was almost flat at $5,985 a tonne, as of 0346 GMT, while the most-traded copper contract on the...
SINGAPORE, July 16- Copper prices took a break from a strong rally on Tuesday after positive industrial output and investment data from top consumer China sent prices to a two-week high in the previous session. Three-month copper on the London Metal Exchange was almost unchanged at $5,985.50 a tonne by 0229 GMT, while the most-traded copper contract on the...
FRANKFURT, July 15- Austria's AMS AG said on Tuesday it did not see "sufficient basis" for continuing its discussions with Osram Licht to acquire the German technology company, one day after Osram made public the approach by AMS. Osram on Monday said AMS had approached it to discuss a non-binding takeover offer of 38.50 euros per share, sparking a potential bidding...
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