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  1. #1
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    EURO

    The euro advanced against the dollar, reversing its decline, after a report showed German investor confidence increased more than economists predicted this month to the strongest in 2 1/2 years.

    Europe’s common currency advanced 0.2 percent to $1.3339 at 10:06 a.m. London time, after earlier falling by 0.4 percent.

    The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, climbed to 31.5 from 6.9 in December. That’s the highest since May 2010. Economists forecast a gain to 12, according to the median of 39 estimates in a Bloomberg News survey.

    source_http://www.bloomberg.com/news/2013-01-22/euro-gains-versus-dollar-after-german-investor-confidence-climbs.html

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    Mario Draghi is part of a growing club of central bankers who are just fine with admitting they’re uncertain what’s going on right now -- and that’s no barrier to action.
    Far from giving fresh insights into how the U.K.’s decision to leave the European Union will affect the euro area’s economy, the European Central Bank president admitted on Thursday that, like everyone else, he has no real visibility. “It’s very difficult to understand how these big macro themes affect the recovery,” he said in Frankfurt after the ECB left its interest rates and quantitative easing unchanged.

    source_http://www.bloomberg.com/news/articles/2016-07-21/draghi-joins-not-quite-sure-club-puzzling-over-brexit-aftermath

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  3. #162
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    Equity markets got a boost from a report showing Germany’s business climate remained robust in the month after Britain voted to leave the European Union. Bonds fell with gold before central bank meetings in the U.S. and Japan this week.

    The Stoxx Europe 600 Index rose for the first time in three days after business confidence in the region’s largest economy proved more resilient than economists predicted. Ten-year Treasury notes retreated for a second day and gold extended its first back-to-back weekly drop since May. Turkish markets rallied the most worldwide after the prime minister said the government planned to set up a fund to support the economy following the failed coup.

    source_http://www.bloomberg.com/news/articles/2016-07-24/dollar-stronger-as-most-asian-futures-tip-gains-crude-near-44

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    European stocks slipped, with oil and gas shares leading losses after BP Plc’s profit missed estimates. Japan’s yen surged to the strongest level in more than a week against the dollar as investors looked for signals on the magnitude of any economic stimulus, while the British pound fell.
    BP fell as much as 2.6 percent in early London trading, the biggest drag on the Stoxx Europe 600 Index. The yen rose against all major peers, extending gains after Finance Minister Taro Aso said the government has yet to decide on the size of a fiscal spending package. That sent Japanese equities to a 1.4 percent loss, and a gauge of the dollar’s strength headed for its biggest decline in almost a month. Stocks across the rest of Asia rallied, while U.S. crude steadied near $43 a barrel. Sterling slid on a report that Bank of England policy maker Martin Weale now favors immediate stimulus for the U.K. economy.

    source_http://www.bloomberg.com/news/articles/2016-07-25/most-asian-futures-drop-with-oil-near-3-month-low-yen-steadied

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  5. #164
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    When the U.K. voted to leave the European Union in June, corporate-bond investors across the region were rattled. Then they started buying like mad.
    Euro-denominated investment-grade notes had their biggest monthly returns in four years in July. Gains in sterling investment-grade debt were the best since 2009 and those in the sterling junk market surged. Many investors thought that, Brexit or not, you can’t fight the European Central Bank, which is buying more and more corporate and sovereign bonds and driving yields lower. Taking more risk may be the only way to earn higher returns.

    source_http://www.bloomberg.com/news/articles/2016-08-01/draghi-s-liquidity-drowns-out-european-companies-brexit-woes

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    Europe’s banking shares are back in the limelight for all the wrong reasons.
    On Tuesday, the second day of trading since stress tests showed almost all euro-area lenders would have sufficient capital to cope with a crisis, Germany’s Commerzbank AG and Deutsche Bank AG tumbled to fresh record lows, dragging a Stoxx Europe 600 Index gauge of their peers towards its biggest two-day loss in almost four weeks.
    “I don’t want to say it, but it’s Armageddon for the banks,” if the index drops any further, said Joe Tracy, head of continental European equities at Svenska Handelsbanken AB in Stockholm.
    Analysts forecast bank earnings will drop 18 percent this year, behind only energy and mining companies as the Stoxx 600’s biggest-contracting industry group. HSBC Holdings Plc, Societe Generale SA, ING Groep NV and UniCredit SpA are all scheduled to report results on Wednesday, followed by Royal Bank of Scotland Group Plc on Friday.

    source_http://www.bloomberg.com/news/articles/2016-08-02/europe-s-tumbling-lenders-lose-almost-half-their-value-in-a-year

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    European shares rose for the first time in a week and emerging markets advanced as a gauge of commodities climbed for the sixth straight day and minutes of the Federal Reserve’s last meeting damped prospects for a U.S. interest-rate hike.
    Miners led gains on the Stoxx Europe 600 Index and energy producers also rallied after Brent crude traded above $50 a barrel, while an MSCI index of emerging-market equities advanced to a one-year high. The dollar weakened versus all of its major peers following the release of the Fed record, which showed officials saw little risk of a sharp uptick in inflation and pushed odds of a rate increase this year back below 50 percent. The pound surged on a jump in U.K. retail sales.

    source_http://www.bloomberg.com/news/articles/2016-08-17/dollar-slips-as-fed-minutes-signal-low-rates-asia-futures-mixed

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  8. #167
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    European stocks fell for the first time this week amid concern over the outlook for economic growth while a dollar rally ran out of steam before signals on the likely path of U.S. interest rates.
    Equity markets retreated in Europe as an unexpected drop in German business sentiment signaled companies remained cautious after Britain’s decision to quit the European Union. Iron ore fell on the prospect of shrinking steel production in China and crude oil traded near a one-week low. The Bloomberg Dollar Spot Index snapped a four-day winning streak as investors await comments by Federal Reserve Chair Janet Yellen at a symposium in Jackson Hole, Wyoming, on Friday.

    source_http://www.bloomberg.com/news/articles/2016-08-24/asian-shares-set-to-struggle-at-open-oil-near-one-week-low

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  9. #168
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    A surge in euro-area exports drove economic growth in the second quarter as domestic spending slowed, according to data published by the European Union’s statistics office in Luxembourg.

    Key Points
    Exports made biggest contribution to growth, adding 0.5 percentage point
    Investment stalled while private and government consumption slowed
    Gross domestic product increased 0.3 percent from previous quarter, when it rose 0.5 percent
    GDP growth in line with Aug. 12 estimate

    source_http://www.bloomberg.com/news/articles/2016-09-06/euro-region-growth-bolstered-by-exports-as-investment-stalls

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    In April 2008, as the global financial crisis was brewing, Angela Merkel hosted a 60th birthday reception in her Berlin chancellery for Deutsche Bank’s then-chief executive Josef Ackermann. Eight years later, her government is doing its best to keep Germany’s biggest bank at arm’s length.
    Chastened by a series of government clashes with Deutsche Bank over the years, the lender’s financial woes are the last thing Merkel needs as she considers running for a fourth term. After a magazine article stirred speculation, Merkel’s spokesman moved swiftly to stem the notion that the lender might require state aid as the U.S. seeks a multibillion dollar fine, with negotiations opening at $14 billion

    source_http://www.bloomberg.com/news/articles/2016-09-26/deutsche-bank-returns-as-merkel-s-election-year-sparring-partner

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  11. #170
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    The European Central Bank has been been holding U.S. dollar-providing operations since the weeks after the collapse of Lehman Brothers Inc., as part of its liquidity operations for European lending.
    The totals drawn by banks from the operation have been relatively low for the past couple of years. That changed this week when 12 banks sought $6.348 billion in liquidity.

    source_http://www.bloomberg.com/news/articles/2016-09-30/european-banks-are-asking-the-ecb-for-a-lot-more-dollar-funding

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