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European shares rise but still face worst month in 4 years

*Europe bourses in 2015: http://link.reuters.com/pap87v. LONDON, Aug 28- European stocks closed out a rollercoaster week with modest gains on Friday, although a leading regional equity index was still on track for its worst month in four years due to underlying concerns over China. Fears of a global economic slowdown, which intensified after China devalued its...
Source: Reuters
FOREX-Dollar gains on rate remarks by Fed's Fischer, positive U.S. data

NEW YORK, Aug 28- The dollar rose to one-week highs on Friday, for a fourth straight session of gains, on rate-hike remarks by a senior Fed official and generally positive U.S. data that supported the notion the world's largest economy was on a stable growth path. The index extended gains after Federal Reserve Vice Chair Stanley Fischer said the U.S. central bank...
Source: Reuters | By: Gertrude Chavez-Dreyfuss
Jordan says SNB aims to weaken overvalued franc over time

JACKSON HOLE, Wyo., Aug 28- The Swiss National Bank hopes its policies of negative interest rates and a willingness to intervene in the currency market will weaken the overvalued Swiss franc over time, its chairman wrote in a conference paper published on Friday. Switzerland's export-reliant economy has been hampered by a surge in the franc after the SNB removed...
Source: Reuters
WRAPUP 2-Autos lift U.S. consumer spending; sentiment slips

*Consumer spending rises 0.3 percent in July. WASHINGTON, Aug 28- U.S. consumer spending rose in July as households stepped up automobile purchases, offering further evidence of strength in the economy that could keep the door open to a Federal Reserve interest rate hike this year. The Commerce Department said consumer spending, which accounts for more than...
Source: Reuters | By: Lucia Mutikani
Brace for QT, quantitative tightening, as China leads FX reserves purge

But a counter flow- call it "quantitative tightening"- is gathering force as China sells foreign exchange reserves to protect its economy and markets from the recent surge of capital out of the country. Analysts at Citi estimate that global FX reserves have been depleted at an average pace of $59 billion a month in the past year or so, and closer to $100 billion over...
Source: Reuters | By: Jamie McGeever
Are hopes for an oil bounce short lived?

As oil slumps back into the red, after a 10 percent surge on Thursday, analysts suggest this isn't the time to get positive on the sector.
Source: CNBC.com | By: Alexandra Gibbs
Think-tank WEF calls for rethink of anti money-laundering rules

LONDON, Aug 28- Regulators and central bankers should rethink how rules are applied to stop extremist financing and money laundering, or some emerging market economies risk grinding to a halt, an official of the World Economic Forum think-tank said. Banks are under pressure to make burdensome checks on cross-border financial transactions, at the risk of...
Source: Reuters | By: Huw Jones
European markets close: Euro zone confidence index rises  

CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the euro zone confidence rising to a fresh 4-year high.
Source: CNBC.com
FOREX-Dollar rises on return of calm in markets, U.S. data

*Dollar index on track for largest weekly gain in a month. NEW YORK, Aug 28- The dollar gained for a fourth straight session on Friday, buoyed by calmer financial markets and generally positive U.S. data that supported the notion that the world's largest economy was on a stable growth path. "Overall, markets are finally starting to calm down and the economic data is...
Source: Reuters | By: Gertrude Chavez-Dreyfuss
Malaysian protesters gear up for major anti-government rally

CNBC looks at what the 1MDB scandal means for the outlook for the ringgit, the economy and the country's political landscape.
Source: CNBC.com | By: Harpreet Bhal, CNBC Assistant Producer