POLL-Dollar's strength largely depends on Fed rate increase timing *For poll data: reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/fx-polls? LONDON, Oct 7- Whether the dollar retains its strength mostly depends on how much longer the United States Federal Reserve delays its first interest rate hike in almost a decade, a Reuters poll found on Wednesday. It's now December after the Fed decline to act last month, according to a...
| By: Jonathan Cable
Germany's Bundesbank lists all gold bars to silence sceptics *Central bank says wants to keep more of its gold in Germany. Just over one third of the reserve, which Germany started building in the post-war boom years, is now held underground at the Bundesbank in Frankfurt, while the rest is stored at the Federal Reserve in the United States, in France and in England. "Half of Germany's gold reserves will be stored in Germany by...
| By: John O'Donnell
GLOBAL MARKETS-Rising oil powers broader market rally *Mining, energy shares up 2-3 pct in Europe. Mining and energy shares were the big winners in Europe, up 2 to 4 percent. South Korea's Samsung Electronics improved sentiment when it issued a better-than-expected profit guidance.
| By: Lionel Laurent
Investors watch the greenback as global stocks rally When planning a longer-term outlook for stocks as earnings season gets underway, investors looking to plan for the final three months of the year are fixed on the strength of the dollar.
| By: Jenny Cosgrave
UPDATE 1-German ball bearings maker Schaeffler cuts IPO size in wake of Volkswagen scandal *Schaeffler float worth 975 million euros. It set a price range for the offer of between 12.00 euros and 14.00 euros, to raise around 975 million euros. "Based on the mid-point of the price range, gross proceeds would amount to approximately 975 million euros, of which approximately 858 million would be attributable to Schaeffler from the placement of the new...