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Press Releases

Commodities tomorrow: Selling on strength

CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.


FOREX-Sterling tumbles after dovish comments from BoE's Carney

*Euro falls after Bloomberg report suggests more ECB stimulus. NEW YORK, June 30- The U.S. dollar gained against the sterling and the euro on Thursday, snapping two straight days of losses, after Bank of England Governor Mark Carney said he saw the need for more stimulus and a Bloomberg report hinted at more European Central Bank easing. "Carney's comments today sort...

Source: Reuters

UPDATE 2-Mexico cenbank raises rate aggressively to counter peso slump

MEXICO CITY, June 30- Mexico's central bank aggressively raised its key interest rate more than expected on Thursday in a bid to support the peso and calm concerns that currency weakness could inflame inflation. "I wouldn't rule out that they could hike again, even before the Fed, if the exchange rate keeps trading very poorly," said Benito Berber, an analyst at...

Source: Reuters

US market expensive: Pro

Erik Ristuben, Russell Investments Chief Investment Strategist, thinks the market overreacted to the Brexit vote, and is following valuation; and Jim Tierney, AB CIO of U.S. Concentrated Growth, shares his market perspective on U.S. stocks versus overseas.


Santelli: Market rejiggered, orderly moves

CNBC's Rick Santelli discusses bond prices and yields around the world.


UPDATE 1-Dollar share of global reserves slips in Q1; euro's rises-IMF data

June 30- The U.S. dollar's share of international currency reserves slipped in the first three months of the year as China's economic slowdown and falling global stock markets prompted investors, including central bankers, to seek relief in other safe havens such as the yen. The greenback's share of allocated reserved dipped to 63.6 percent in the first...

Source: Reuters

Europe screaming buy: Shark Tank's O'Leary

Kevin O'Leary, O'Shares Chairman and O'Leary Funds co-founder, shares his Brexit trade. "Yes, I am in love with Europe, but not European banks," says O'Leary.


UPDATE 3-Sterling skids as Bank of England chief says UK needs stimulus

LONDON, June 30- Sterling skidded to its weakest in more than two years against the euro on Thursday after the head of the Bank of England said more stimulus would probably be needed in Britain over the summer after last week's shock vote to leave the European Union. Governor Mark Carney, who had previously warned of a possible recession in Britain if it chose to...

Source: Reuters

Brexit to take toll on British Florida vacation home dreams

NEW YORK/ ORLANDO, Fla., June 30- In sunny central Florida, some 4,400 miles across the Atlantic from London, real estate broker Paul Torola is already sensing a chill from Britain's decision last week to leave the European Union. In the days since the June 23 "Brexit" vote that has rattled global financial markets and sent the British pound to 31- year lows, Torola has...

Source: Reuters

BoE Gov.: Banks have been tested for more severe

As the pound falls over one percent on Bank of England Governor Mark Carney's economic outlook, export stocks rally, reports CNBC's Wilfred Frost.