Indian markets pricing in rate cut, despite wary central bank MUMBAI, Nov 26- Investors in India's markets are betting that Finance Minister Arun Jaitley will persuade a more hawkish central bank to reduce benchmark interest rates as early as next week. Finance ministry sources have told Reuters that Jaitley will urge Reserve Bank of India Governor Raghuram Rajan to cut rates at the Dec. 2 policy review, fearing that...
| By: Swati Bhat
FOREX-Australian dollar slides to 4-year low against greenback Dealers said investors in Europe had continued to sell the currency in early trades, pushing it to a low of $0.8499 and below support at around 109.0 New Zealand dollars above which it had held since August. "There are those who say the Aussie should bounce from these levels but my feeling is, if it breaks below this support against the kiwi, that may be significant,"...
| By: Patrick Graham
Italian, Spanish indexes lag after Italian data, ECB comments LONDON, Nov 26- Shares in Italy and Spain gave away their early gains on Wednesday as data showed Italian consumer morale fell and the European Central Bank vice president said any decision on new stimulus would be made next year. After a higher start, Italy's FTSE MIB was up just 0.1 percent and Spain's Ibex was down 0.3 percent. Meanwhile, ECB Vice President Vitor...
Germany's Dax eyes 10th daily gain as ECB bets lift Europe shares *Seadrill down 16 pct after suspending dividend. LONDON, Nov 26- European shares rose on Wednesday, with Germany's blue chip index climbing for the 10th straight session as investors continued to bet on more monetary stimulus in the euro zone. Gains were capped by falls in energy shares, however, with Norwegian offshore driller Seadrill slumping after the...
| By: Francesco Canepa
UPDATE 1-Rouble extends losses as oil falls before OPEC meeting MOSCOW, Nov 26- The Russian rouble fell for a second day on Wednesday, as oil prices slipped before a meeting of the OPEC oil producers' club to discuss weak prices. Russia is not a member of OPEC. Russia sees an average oil price of around $80- 90 per barrel in the medium- and possibly in the long-term, Finance Minister Anton Siluanov said on Wednesday.
Portugal yields hover around lows ahead of bond exchange "Today's exercise can be much more than just a small-scale fine-tuning event but has the potential to reshape some parts of the overall redemption profile," said Commerzbank strategists in a note on Wednesday. Around 30 percent of Portugal's 141 billion euros of outstanding debt expires by the end of 2016, according to Reuters data. Commerzbank says any such...
| By: John Geddie
European shares rise for 4th day; Thomas Cook slumps British holiday company Thomas Cook was a standout underperformer, slumping 19 percent after it said its chief executive Harriet Green was stepping down, two years after leading a turnaround of the group. The index has been rising every day since European Central Bank President Mario Draghi opened the door to more aggressive asset purchases and China cut...
Bundesbank warns investors on asset bubbles Germany's Bundesbank has underlined the financial risks to investors at a time when the ECB is expected to step up its aggressive monetary policy.
| By: Matt Clinch