EPL - 464926

YHD - YHD Delayed Price. Currency in USD
At close: 6:07PM EDT
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  • Reuters

    CEE MARKETS-Trade uncertainty weakens stocks, inflation weighs on forint

    Emerging European stocks tracked other European markets lower in early trade on Tuesday driven by uncertainty over a looming deadline for U.S. tariffs on China, while a pick-up in inflation weighed on the Hungarian forint. Hungarian headline inflation rose to an annual 3.4% in November, slightly above market expectations.. The forint edged 0.1% lower on the day. The forint has lost 3.2% against the euro this year, the region's worst performing currency, as the central bank's loose monetary policy added to global uncertainty over the U.S.-China trade war and Brexit to weigh on the unit.

  • Reuters

    CEE MARKETS-Forint underperforms before November inflation data

    The Hungarian forint fell 0.3% versus the euro on Monday, giving back some of its early-December gains, as central Europe's worst-performing currency continued to seesaw between record lows and slightly stronger levels. The forint has lost over 3% against the euro this year and hit successive record lows in September and November as Hungary's ultra-loose monetary policy compounded global market volatility over the U.S.-China trade war and Brexit.

  • Reuters

    Deals of the day-Mergers and acquisitions

    ** Rivulet Capital, a large investor in Instructure Inc said it will resist the U.S. educational software company's plan to sell itself to private equity firm Thoma Bravo for $2 billion, calling the deal too cheap and too hurried. ** Mexican broadcaster Grupo Televisa has won a federal injunction against Walt Disney Co's acquisition of Twenty-First Century Fox Inc's assets in Mexico, a Televisa representative said, a move that could at least temporarily stall the deal. ** Brazilian wireless carrier TIM Participações SA will consider acquiring the mobile unit of its struggling rival OI SA if it is put up for sale, Chief Executive Pietro Labriola said.