The risk of the euro zone breaking up, which preyed on investors' minds in 2018, has fallen to the lowest level in over a year, market gauges show, as Italy's new government allays fears of "Quitaly", the possibility of Rome exiting the single currency bloc.
New York Federal Reserve President John Williams on Monday defended the bank's handling of volatility in money markets last week, saying officials anticipated the liquidity crunch and were successful in easing the markets. Williams also emphasized the need for urgency for financial firms to move away from using Libor, a benchmark that is being phased out in a few years.
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. * French, German and Euro zone PMIs weaker than expected. * Oil falls below $64. * MSCI All Country World Index down 0.2% By Ritvik Carvalho. Global shares sank on Monday as weaker-than-expected economic data added to investor worries over the unresolved U.S.-China trade dispute's effects on the world economy.
* Mainland Chinese shares lead EM stocks lower. * Indian shares extend tax break-fuelled rally. * E.European currencies lower after weak data from euro zone. By Agamoni Ghosh. Emerging market shares fell on Monday as uncertainty over the United States and China reaching a trade deal anytime soon and dismal growth data from major economies kept investors on the sidelines.
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. * French, German and Euro zone PMIs weaker than expected. * Oil spikes over 1% * MSCI All Country World Index down 0.2% By Ritvik Carvalho.
* Euro zone business growth halts, German activity shrinks. * Money markets raise bets of further stimulus. * Banks lead losses; trade worries push miners, autos lower. * Commerzbank slides after Moody's slams restructuring plan. * TUI, EasyJet (EJTTF) jump after Thomas Cook (TCKGF) collapse. By Susan Mathew.
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * Euro Stoxx 50 futures open lower, Asian shares weaker. * Chinese markets fall on jitters about Sino-U.S. trade deal. * Oil gains after sell-off on Friday. * E-Mini futures for S&P 500 up 0.4% * Risk-sensitive Aussie firms, dollar up on yen. By Swati Pandey.
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * Asian shares turn negative, Chinese markets weaker. * Oil gains after sell-off on Friday, gold pares losses. * E-Mini futures for S&P 500 up 0.4% * Risk-sensitive Aussie firms, dollar up on yen. By Swati Pandey.
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * Australian shares rise 0.5%, NZ shares up 0.2% * E-Mini futures for S&P 500 up 0.5% * Risk-sensitive Aussie firms, dollar up on yen. * Oil gains after sell-off on Friday, gold nudges lower. By Swati Pandey.
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * Japan's Nikkei up 0.2%, Australian shares rise 0.5% * E-Mini futures for S&P 500 up 0.5% * Risk-sensitive Aussie firms, dollar up on yen. * Oil gains after sell-off on Friday, gold nudges lower. By Swati Pandey.
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