The euro rose Monday but European stocks were mixed as dealers brushed aside a credit downgrade for Greece and mulled the outlook for the US economy as oil prices struck 2.5-year highs.The single currency rose to $1.4027 in morning London trade from $1.3979 in New York late Friday as the euro continued to win support from the prospect of a rise in eurozone interest rates.On the stock markets, London's FTSE 100 gained 0.36 percent to 6,011.80 points while Frankfurt's DAX 30 fell 0.15 percent to 7,168.36 points and in Paris the CAC 40 dropped 0.28 percent to 4,009.09 points.
Hong Kong (AFP) - Most Asian markets rose on Thursday as dealers took a positive lead from Wall Street and Europe, while the euro held its gains after Greece and its creditors met for crunch talks on reforming its bailout.
Rumors of the Trumpflation rally's death have been greatly exagerated, and not only is the Dow 20,000 back on the radar, following a 124 point surge in Dow futures, bringing the "key psychological level" back within 100 points, but European stocks rose for a third day and entered a bull market, rising 20% from theor lows set last February, following strong Chinese manufacturing and services PMI data, both of which ended 2016 on robust notes well inside expansion territory.
LONDON: European stock markets lost ground on Tuesday, with French bank Credit Agricole among the worst performers after reporting results, and energy stocks hit by weak oil prices. The pan-European FTSEurofirst 300 index was down 0.2 per cent at 1,580.93 at the close, while the euro zone's blue-chip Euro STOXX 50 index was down 0.4 per cent. Athens' stock market, which slumped 16 per cent on Monday after a five-week shutdown, fell a further 1.2 per cent. Greece has had to introduce capital controls and is seeking a new bailout deal following a debt crisis.
Hong Kong (AFP) - Most Asian markets edged higher Tuesday, enjoying a slight recovery after the previous day's rout, with Greece just hours away from default, while Shanghai's suffered more sharp losses.
Asian shares traded mixed, European shares slid while US equity futures posted a modest rebound after Friday's surprising political news that the FBI reopened its probe into Hillary Clinton, after OPEC failed to agree supply cuts at a meeting in Vienna.
Get ready for another year of disappointing growth from the global economy.
Citigroup became the latest bank on Monday to downgrade its outlook, saying that it now expects the global economy to grow by only 2.6% this year, a 0.1% cut from its forecast a month ago. Weaker growth in the United States, Mexico, India and Brazil were all blamed for the change.