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.
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 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.
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.
New York (AFP) - Crude oil prices sank Monday after a plunge in Chinese equities raised fresh fears about China's faltering economy, the largest consumer of energy, and its impact on the global economy.
The European single currency breached 1.37 dollars on Tuesday on hopes that eurozone debt woes may ease, dealers said.In morning London trade, the euro rose to 1.3727 dollars compared with 1.3648 dollars late in New York on Monday.The dollar rose to 89.71 yen from 89.28 late Monday.Reports that the debt and deficit problems of Greece, Spain and Portugal -- all of which belong to the 16-nation eurozone -- will be be high on the agenda at a key EU meeting on Thursday gave the euro a lift, traders said.