Global Markets News

Wall Street stock indexes close at record highs

All three major U.S. stock indexes finished at record highs on Monday, extending the market's post-election rally as energy and other commodity-related shares gained and Facebook led a jump in technology.

Citi and JPMorgan top list of globally systemic banks
8:09pm GMT
Oil rally helps lifts equities; Wall Street at record
6:58pm GMT
Sneakers show limits of trade policy in reviving jobs for Trump
5:22pm GMT
Microsoft offers EU hardware, software LinkedIn concessions: sources
5:41pm GMT
Hedge funds slow to adjust champagne tastes to beer budgets
2:28pm GMT

FEATURED HEADLINES

Market Analysis

Politics may trigger shift in European economic policy

Modest fiscal easing ahead for Britain, but BoE likely done - Reuters poll

Soaraway dollar poses risk to 2017 global economy, financial stability

Technology

Microsoft offers EU hardware, software LinkedIn concessions: sources

Alibaba Cloud stretches global reach with four new facilities

Facebook 'likes' Britain's talent, to add jobs despite Brexit

Commodities

Oil jumps, at three-week high ahead of OPEC output decision

OPEC experts' meeting makes progress on output talks

Rowan, Saudi Aramco to form joint venture to operate offshore drilling rigs

FXpert

Dollar dips after recent strong gains; euro advances

Sterling jumps after PM hints at Brexit transition deal

Dollar's rise won't blind Fed to its goals, Fischer says

Deals

Oracle to buy internet infrastructure provider Dyn

Novartis buys U.S. blood disease drugmaker in $665 million deal

U.S. fears over sensitive compound hits Chinese bid for Aixtron

Companies

FTSE lags after sterling surge

May courts business seeking to avoid Brexit exodus

Exclusive - BP ring-fences CEO Dudley from Iran decision-making

Regional Markets News

Europe & Middle East
United States
Asia Pacific

European shares end up, helped by cyclical stocks

* Aixtron falls as U.S. regulator opposes China takeover (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets) Adds details, updates prices)

5:59pm GMT

European shares fall on Italian worries

MILAN, Nov 21 European shares fell on Monday, weighed down by losses among pharmaceuticals and financials and by worries that next month's Italian referendum on constitutional reform could create political instability.

10:17am GMT

Mining shares rebound, pharma under pressure in weak European open

MILAN, Nov 21 European shares were slightly lower in early trading on Monday as weakness in defensives, particularly pharma and consumer staples, offset gains across the mining sector.

8:28am GMT

European shares close lower as dollar strength hits miners

MILAN, Nov 18 European equities ended lower on Friday, with mining and energy stocks bearing the brunt of the sell off after commodities prices slipped following a rally in the dollar.

18 Nov 2016

European shares waver as dollar strength hits miners, props carmakers

MILAN, Nov 18 European shares wavered on Friday, with a strong dollar hitting miners but helping export-oriented auto stocks, while Volkswagen was further boosted after it stuck a deal to cut thousands of jobs.

18 Nov 2016

European shares propped up by automakers, miners fall

MILAN, Nov 18 European shares were marginally higher in early trade on Friday, as a stronger dollar underpinned export-oriented stocks such as automakers, though gains were capped by weaker mining stocks.

18 Nov 2016

Italian shares lag European rebound as referendum jitters hit banks

MILAN, Nov 17 Italian shares underperformed positive European markets on Thursday, as the country's bank stocks slumped to five-week lows on jitters over next month's constitutional reform referendum.

17 Nov 2016

European shares edge higher, focus on Yellen

LONDON, Nov 17 European equities edged higher on Thursday as basic resources stocks bounced back, while South African financial services group Investec climbed to a six-month high after reporting a jump in half-year profits.

17 Nov 2016

European shares edge lower as banks extend losses

LONDON, Nov 17 European shares edged lower in early trading on Thursday, with banking stocks on the backfoot again while an earnings miss at Ahold Delhaize put its shares on course for their worst day in seven months.

17 Nov 2016

European shares weighed down by weaker banks, Bayer drop

* Hugo Boss slumps as revival plan seen taking time (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)Adds detail, closing prices)

16 Nov 2016

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FOREX-Dollar dips after recent strong gains; euro advances

* Dollar outlook stays positive * Dollar hits six-month high against yen * Euro rises on positive political developments (Updates prices, adds comment) By Gertrude Chavez-Dreyfuss NEW YORK, Nov 21 The dollar slipped on Monday after rising 10 straight days as investors consolidated gains fueled by the election of a new Republican president who is expected to adopt fiscal policies leading to interest rate increases. But given a shortened trading week due to the U.S. Thanksgiving Day holiday on Thursday, there is little on the horizon that could change market expectations that the Federal Reserve will raise interest rates at next month's meeting, a move seen as supportive of the dollar. The greenback's weakness on Monday though benefited the euro, which rose from an 11-month low hit last Friday. Recent political developments have eased the uncertainty surrounding next year's German and French elections. Shaun Osborne, chief currency strategist at Scotiabank in Toronto, said the dollar's slide was just a correction or, at the very least, a consolidation. He remained upbeat on the dollar's medium-term outlook due to rising rates amid expectations of stronger U.S. growth. In late trading, the dollar index was down 0.1 percent at 101.12. Over the last 10 days, it has posted a nearly 5 percent gain, with investors betting U.S. President-elect Donald Trump's increased fiscal spending would stoke inflation and propel interest rates higher. That said, Scott Smith, director of hedging solutions at Cambridge Global Payments in Toronto noted that Fed Chair Janet Yellen in her testimony before Congress last week struck a cautious tone on the U.S. economy, with the Fed seemingly in no rush to factor in the likelihood of increased fiscal stimulus into their economic models. This poses a risk to the market's bullish bias on the dollar, he added. Meanwhile, analysts said German Chancellor Angela Merkel's announcement on Sunday that she will seek a fourth term, while not a surprise, is viewed as euro-positive. Merkel is seen as a defender of liberal democracy in the West as investors fretted about a wave of populism and anti-globalization sentiment in Europe. The euro rose 0.2 percent to $1.0601 in late trading, after touching its weakest levels since December 2015 on Friday. In France, former President Nicolas Sarkozy was ousted in a party primary from the election race over the weekend. This leaves ex-prime ministers Francois Fillon and Alain Juppe vying to become the center-right Republicans' candidate for the May presidential election. The winner is expected to face National Front leader Marine Le Pen, who opposes the European Union. Some analysts said Sarkozy's defeat lessened Le Pen's prospects of winning, easing investor fears about a breakup of the euro zone. Against the yen, the dollar hit a six-month high of 111.36 yen, and was last up 0.3 percent at 111.24. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Chizu Nomiyama)

7:38pm GMT

REFILE-GLOBAL MARKETS-Oil rally boosts equity markets; U.S. stocks near peak

NEW YORK, Nov 21 U.S. stocks climbed on Monday to approach a record peak, and European equity markets also advanced, thanks to strong gains in the energy sector as oil prices touched a three-week high.

4:40pm GMT

FOREX-Dollar slides after 10 days of gains; euro rises

NEW YORK, Nov 21 The dollar fell on Monday after rising 10 straight days as investors consolidated gains fueled by the election of a new Republican president who is expected to adopt fiscal policies leading to interest rate increases.

3:28pm GMT

UPDATE 2-UK to raise deposit guarantee after pound's Brexit plunge

LONDON, Nov 21 The Bank of England (BoE) has proposed raising the guarantee on bank account deposits back to 85,000 pounds ($105,000) from Jan. 30, 2017, to reflect the sharp fall in sterling following Britain's vote to leave the European Union.

2:08pm GMT

GLOBAL MARKETS-Oil climbs to three-week high as dollar, yields dip

* Europe stocks edge up, Wall St seen opening modestly higher

1:38pm GMT

FOREX-Euro climbs as political uncertainty seen easing a touch

LONDON, Nov 21 The euro rose from an 11-month low against a broadly weaker dollar on Monday with political developments seen easing uncertainty surrounding next year's German and French elections, lending some support to the currency.

12:30pm GMT

BoE to raise deposit "insurance" after pound's Brexit plunge

LONDON, Nov 21 The Bank of England has proposed raising "insurance" on bank account deposits to 85,000 pounds ($104,839)from January 30, 2017, after a sharp fall in the value of sterling following Britain's decision to leave the European Union.

11:10am GMT

EMERGING MARKETS-China, Turkey FX extend losses to buck firmer emerging markets

By Karin Strohecker LONDON, Nov 21 Emerging stocks and currencies struggled higher on Monday as the post-U.S. election rise in the dollar and U.S. yields lost some steam, though China's yuan and Turkey's lira extended losses, the former approaching 8-1/2 year lows. Republican Donald Trump's unexpected election victory has led to a major repricing of assets, with investors rushing to snap up U.S. stocks and the dollar in anticipation of higher infrastructure spending pushing up inflation. At the same time, they have been dumping bonds and emerging markets. Emerging stocks, which have lost 6 percent since Trump secured the keys to the White House, rose 0.2 percent with gains in Russia, South Africa and China offsetting losses in India and Turkey. Indian shares fell 1.8 percent as uncertainty grew about the full impact of the government's recent demonetisation move Many currencies such as South Africa's rand, the Mexican peso and Russia's rouble, strengthened against the dollar, which pulled back from the 13-1/2-year peak it hit last week. But China's yuan weakened to nearly an 8-1/2-year low as the central bank set its daily guidance rate weaker for a 12th straight session. "The dollar index is at levels last seen in 2001, so it doesn't surprise me (China) are letting the yuan weaken against the dollar," said Per Hammarlund, chief emerging markets strategist at SEB, adding there was a danger the weaker yuan could prompt more outflows from China. "If they let this go much further, it could spook the market." Investors are preparing for more weakness. Dollar-yuan non-deliverable forwards, a derivative used to hedge against future exchange rate moves, are up 2 percent since the start of the month and price the yuan just above 7 per dollar in six months time versus the spot rate of around 6.89. At a meeting of Pacific Rim leaders over the weekend, Chinese officials said more countries were looking to join a China-led trading bloc. "China's comments at the APEC summit underpin the country's apparent desire to take over any vacuum that a U.S. global trade back-tracking would bring," said Simon Quijano-Evans, emerging market strategist at Legal & General Investment Management. "A tough one for Asian neighbours that have been positioning themselves between China and the U.S." In Turkey, the lira took another beating to weaken 0.3 percent, edging back towards the record low hit on Friday as domestic woes exacerbate a tense macro-economic backdrop. This week the governing AKP party will meet with the nationalist opposition MHP to discuss plans to hand President Tayyip Erdogan more power, while the EU parliament debates freezing Ankara's talks on joining the bloc . A central bank meeting has markets divided on whether policy makers could hike interest rates for the first time in almost three years. Meanwhile in Mexico, which has seen its assets in the crosshairs thanks to Trump's tough anti-globalisation talk on the campaign trail, the peso strengthened for the second straight session, up 0.5 percent. Data from Nigeria showed that the recession deepened in the third quarter as the economy contracted 2.24 percent and oil production also fell. Africa's largest economy slid into recession for the first time in 25 years in the second quarter, when a slump in crude prices contributed to a 2.06-percent contraction in the economy. Across central and eastern Europe, currencies firmed slightly against the euro, but hovered near the multi-month lows reached after Trump's win . Emerging Markets Prices from Reuters Equities Latest Net Chg % Chg % Chg on year Morgan Stanley Emrg Mkt Indx 846.17 +1.64 +0.19 +6.55 Czech Rep 882.55 -1.86 -0.21 -7.71 Poland 1742.15 +16.41 +0.95 -6.29 Hungary 30107.44 -1.58 -0.01 +25.86 Romania 6844.50 +20.31 +0.30 -2.28 Greece 612.57 +0.64 +0.10 -2.97 Russia 1005.29 +14.52 +1.47 +32.79 South Africa 44237.65 +21.09 +0.05 -3.41 Turkey 75431.59 -207.37 -0.27 +5.16 China 3218.21 +25.35 +0.79 -9.07 India 25775.61 -374.63 -1.43 -1.31 Currencies Latest Prev Local Local close currency currency % change % change in 2016 Czech Rep 27.06 27.02 -0.17 -0.23 Poland 4.43 4.44 +0.12 -3.94 Hungary 309.00 308.64 -0.12 +1.83 Romania 4.51 4.51 +0.02 +0.20 Serbia 123.12 123.15 +0.02 -1.34 Russia 64.21 64.65 +0.69 +13.62 Kazakhstan 338.45 340.80 +0.69 +0.61 Ukraine 25.76 25.85 +0.35 -7.02 South Africa 14.23 14.47 +1.70 +8.67 Kenya 101.78 101.70 -0.08 +0.41 Israel 3.87 3.88 +0.28 +0.48 Turkey 3.37 3.37 +0.04 -13.53 China 6.90 6.89 -0.11 -5.85 India 68.14 68.18 +0.06 -2.85 Brazil 3.38 3.38 +0.15 +17.23 Mexico 20.46 20.63 +0.81 -16.08 Debt Index Strip Spd Chg %Rtn Index Sov'gn Debt EMBIG 387 2 .02 7 27.97 1 All data taken from Reuters at 10:04 GMT. Currency percent change calculated from the daily U.S. close at 2130 GMT. For GRAPHIC on emerging market FX performance 2016, see http://tmsnrt.rs/2e7eoml For GRAPHIC on MSCI emerging index performance 2016, see http://tmsnrt.rs/2dZbdP5 For CENTRAL EUROPE market report, see For TURKISH market report, see For RUSSIAN market report, see ) (Additional reporting by Claire Milhench; Editing by Mark Trevelyan)

10:35am GMT

FOREX-Euro climbs as political uncertainty seen easing a touch

LONDON, Nov 21 The euro rose from an 11-month low against a broadly weaker dollar on Monday, with political developments seen by some as making next year's French and German elections less uncertain, giving some support to the currency.

10:01am GMT

Hong Kong stocks end up, strength in China shares offsets outflow fears

SHANGHAI, Nov 21 Hong Kong stocks edged up on Monday, aided by strength in the China market, but gains were caped by fears that U.S. dollar strength and rising U.S. bond yields could accelerate portfolio outflows from emerging markets.

8:15am GMT

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Market Data

STOCKS
BONDS
CURRENCIES
COMMODITIES

FTSE 100 » 6,777.96 GBP +0.03% Euro Stox » 1,342.44 EUR +0.32% S&P » 2,198.11 USD +0.74% Nikkei 225 » 18,106.02 JPY +0.77%

Name	Yield	Change
GB 10YR	+1.470 6:01pm GMT	+0.012
DE 10YR	+0.275 7:19pm GMT	-0.006
JP 10YR	+0.034 5:05pm GMT	+0.006

9:14pm GMT

Name	GBP	USD	EUR
GBP	1	0.8007	0.8500
USD	1.2489	1	1.0585
EUR	1.1759	0.9447	1

Index	Last	Chg
Gold	1,207.80 USD 5:25pm GMT	-8.70 Exp: Nov2016
Copper	2.51 USD 6:17pm GMT	+0.05 Exp: Nov2016
Brent Crude	49.08 USD 9:00pm GMT	+2.22 Exp: Nov2016