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Blue Chip EuroTitle:
Doubts over EU summit send shares, euro lower
(Reuters) - World shares fell and Germany sold two-year bonds paying virtually no interest on Wednesday as investors shunned riskier assets, doubting that any new measures to tackle the euro zone debt crisis would emerge from a European leaders summit.
Concerns the latest EU summit could be a failure sent the euro to a 21-month low, put an end to a rally in European equities, and sent yields on Spanish and Italian bonds higher.
But investors bid strongly at an auction of safe-haven two-year German government bonds resulting in a yield of just 0.07 percent, while the dollar, measured against other major currencies .DXY hit a high not seen since September 2010.
The leaders are expected to discuss boosting growth at their meeting later on Wednesday and the idea of a joint euro zone bond. ...
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Gold falls as euro stumbles ahead of EU summit
(Reuters) - Gold eased on Tuesday under the weight of a weaker euro, while platinum shrugged off news of fresh disruption to production at South Africa's largest miner of the metal.
The euro remained clear of last week's four-month lows but was stuck in negative territory against the dollar ahead of an informal meeting later this week of European leaders aimed at discussing ways of stemming the debt crisis.
Across the broader markets, European blue-chip shares clung on to their gains, lifted by investors buying back some of the more heavily-sold names, while modest optimism that the summit could offer some interim solution to the crisis put pressure on safe-haven German Bunds.
Spot gold was down 1.0 percent at $1,576/26 an ounce by 6:15 a.m. EDT (1015 GMT). The price is still showing ...
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Markets extend gains on value hunt, hopes for EU summit
(Reuters) - Markets extended gains in Asia on Tuesday with investors hunting for bargains in shares beaten down to 2012 lows late last week, as hopes grew that Europe could agree on fresh action to tackle its debt crisis while promoting growth.
A Chinese media report saying Beijing will accelerate infrastructure investments to combat slowing growth lifted Hong Kong and Chinese shares by 1.2 percent .HSI and 0.6 percent .SSEC respectively.
European shares looked likely to extend gains, with financial spreadbetters predicting that major European markets .FTSE .FCHI .GDAXI would open as much as 1.0 percent higher. U.S. stock futures were up 0.1 percent. .EU .L .N
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS climbed 1.4 percent, having recovered on Monday from a ...
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Global shares slide amid fears for Spanish banks, growth
Asian shares tumbled on Friday and were set for their worst weekly showing since September, amid political turmoil in Greece and signs of growing instability in Spanish banks, with investors adding the latest weak U.S. data to the list of risk factors.
Assets across the board, from commodities such as oil and gold to riskier currencies such as the euro and the Australian dollar were all heading for their weekly losses.
Financial stocks were hammered after the head of Australia and New Zealand Banking Group (ANZ.AX) said volatile conditions in global markets have caused the wholesale funding market for Australian banks to freeze again, a worrying echo of the global financial crisis.
European shares were also set to fall, with financial spreadbetters predicting that major European markets ...
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Euro zone fears pressure global shares, euro steadies
The euro hovered near four-month lows and European shares extended their losing streak on Thursday, as investors avoided riskier assets due to the deepening turmoil in Greece and fears of contagion spreading to other stressed euro zone economies.
News that some Greek banks face emergency funding needs dealt a further blow to risk sentiment, already beaten down by worries about slower economic growth in China, a fragile U.S. jobs market and a shock trading loss at JPMorgan Chase (JPM.N).
But the downward momentum, apparent earlier in the week when the political turmoil in Greece sparkled a sharp rise in expectations it would leave the euro zone, has eased.
"There is a severe reluctance to take on additional risk in the European region, people are more likely to look at the U.S. and some ...
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Fear of Greece euro-zone exit sparks sell-off
Global stocks slid and the euro fell to a four-month low on Monday as a political impasse in Greece heralded a potential exit for the country from the euro zone, while a move to prop up lending in China and poor European data pointed to slower world growth.
Safe-haven currencies, including the dollar and the Japanese yen, rose and government debt gained as coalition talks in Greece on Sunday proved fruitless, increasing the chance of another election in mid-June.
Expectations are for the euro to continue falling, driven by speculation over the implications of Greece's possible exit from the euro zone, said Eric Theoret, currency strategist at Scotiabank in Toronto.
"The probability of a euro exit (by Greece) has risen in the past few hours," said Thomas Costerg, an economist at Standard ...
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Broad-based sell-off drags Britain's FTSE lower
A broad-based sell-off headed by heavyweight banks and commodity stocks dragged Britain's top share index lower on Monday, as twin fears over the euro zone crisis and the global growth outlook killed any recent underlying enthusiasm.
Talks to form a new government in Greece looked to have failed, deepening the euro zone crisis, and China cut its bank reserve requirement ratio for a third time in six months in further efforts to boost its slowing economy, underlining global growth concerns.
At 03:13 a.m. EDT (0713 GMT), the FTSE 100 .FTSE index was down 70.92 points, or 1.3 percent at 5,504.60, just clinging on to the psychologically important 5,500 level, having rallied 0.6 percent higher on Friday.
Falls by energy stocks .FTMNX0530 and miners .FTNMX1770 were the biggest weight on the ...
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Greek crisis drags euro, global stocks, oil lower
The euro, oil and world stocks fell on Tuesday as worries intensified that Greece could reject the bailout that saved it from a chaotic bankruptcy as new leadership sought to form a government two days after elections.
Voters in weekend polls in both Greece and France soundly rejected the harsh austerity measures that markets have seen as the way out of Europe's debt crisis, heightening the uncertainty of the path ahead for the euro zone.
Alexis Tsipras, the leader of Greece's Left Coalition party, began efforts to form a government by rejecting terms tied to the country's receipt of bailout funds and threatening to nationalize banks.
The head of a centrist conservative party, which won the most votes Sunday, said he would not back a minority government that renounced the bailout, ...
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Euro, stocks, oil slump as Greece crisis deepens
The euro, oil and stocks fell on Tuesday as Greece's political crisis intensified after a call to form a new government renounced the terms of a bailout that is keeping the country's finances afloat.
The results of weekend elections in Greece and France, in which voters soundly rejected harsh austerity measures seen by markets as a way out of the debt crisis, heightened the uncertainty of the path ahead for the euro zone.
Alexis Tsipras, the leader of the Greece's Left Coalition party, began efforts to form a government by renouncing the EU/IMF bailout terms and threatening to nationalize banks.
The head of a centrist conservative party, which won the most votes Sunday, said he would not back a minority government that rejected the bailout, making repeat elections in a few weeks ...
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