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European stocks dip on poor data

European stocks fell on Wednesday, with sentiment weighed down by disappointing US data, while the London market was also hit by news of a growth downgrade. The ruble fell to a record low level against the euro on concerns about growth in Russia and financial crisis in Ukraine. London's benchmark FTSE 100 index fell 0.31 percent to 6,809.32 points in midday deals, after Britain's 2013 economic growth was downgraded to 1.8 percent from 1.9 percent previously.

Russian ruble falls to new record low against euro

The Russian ruble fell to a new record low against the euro on Wednesday amid fears of a Ukrainian default and a slowdown in the Russian economy. The euro surged to 49.42 rubles at around 0940 GMT, with the ruble dropping below the record set last week of 49.35 rubles. The dollar has risen to 35.94 rubles, its highest rate since 2009. The ruble has lost more than eight percent against the euro since the start of the year, as investors are reluctant to put money into emerging economies and Russia's economic activity has slowed.

Bank of England's McCafferty would fear further sterling rise

By David Milliken and William Schomberg LONDON (Reuters) - Further sterling strength would be a worry and could potentially make the Bank of England delay raising interest rates, BoE policymaker Ian McCafferty said in some of the central bank's most forceful recent comments on the pound's rise. Boosted by Britain's economic recovery, sterling has strengthened by more than 10 percent against the currencies of its main trading partners in less than a year, and earlier this month it hit its highest level in more than five years.

Dollar little-changed as markets wait for data signals

The US dollar moved little in trade Monday as investors waited for fresh data on the US economy after severe winter weather skewed the numbers for December and January. Markets showed little impact from the turmoil in the Ukraine, or from the commitment announced by Group of 20 finance chiefs over the weekend to stoke growth in the fragile global economy. At 2200 GMT the euro was at $1.3734, barely lower from late Friday's $1.3738. The dollar was at 102.48 Japanese yen, compared with 102.45 yen last week, while the euro slipped to 140.76 yen from 140.86 yen.

Dollar mostly higher despite weak US home sales data

The dollar slipped against the euro but gained against other major currencies Friday as investors appeared to shrug off another disappointing report on the US housing market. The euro traded at $1.3734 around 2300 GMT, up from $1.3721 late Thursday. The dollar rose to 102.49 yen from 102.30 yen. The euro also advanced against the Japanese currency, to 141.00 yen from 140.36 yen.

Dollar mostly higher despite weak US home sales data

The dollar slipped against the euro but gained against other major currencies Friday as investors appeared to shrug off another disappointing report on the US housing market. The euro traded at $1.3734 around 2300 GMT, up from $1.3721 late Thursday. The dollar rose to 102.49 yen from 102.30 yen. The euro also advanced against the Japanese currency, to 141.00 yen from 140.36 yen.

Singapore Q4 growth revised to growth from contraction

Singapore's economy expanded 6.1 percent on-quarter in October-December owing to a surge in manufacturing, the government said Thursday, revising its previous estimation of a contraction and lifting overall growth in 2013 to 4.1 percent. The city-state had last month estimated a 2.7 percent contraction in the fourth quarter based on preliminary data from October and November, but a ramp up in production and exports in December prompted the upward revision.

European stocks flat amid poor US housing data

European stocks markets remained largely flat on Wednesday as investors digested a rise in British unemployment and downbeat housing data from the winter-struck United States. In London, the benchmark FTSE 100 index ended virtually unchanged at 6,796.71 points. Frankfurt's DAX 30 also trod water ending at 9,660.05 points, while the CAC 40 in Paris climbed 0.24 percent to 4,341.10 points. Investors "lacked appetite" amid "low volumes and little traction from the corporate results season," said analyst Mikael Jacoby of Oddo Securities in Paris.

European stocks drop on poor US housing data

European stocks markets mostly fell on Wednesday as investors reacted to a rise in British unemployment and downbeat housing data from the winter-struck United States. London's benchmark FTSE 100 index fell 0.29 percent to 6,776.83 points in afternoon trading. Frankfurt's DAX 30 lost 0.13 percent to 9,647.69 points, while in Paris the CAC 40 edged up 0.11 percent to 4,335.27. Britain's jobless rate firmed to 7.2 percent in the quarter to December, official data showed, easing pressure on the Bank of England to raise interest rates.

Ruble plunges to new record low against euro

The ruble plunged further in initial trading on Tuesday, hitting yet another record low value against the euro. The ruble dropped below 49.0 to the euro for the first time, to show a fall of 8.0 percent so far this year. The euro was buying 49.01 rubles, having reached 49.0490 at one point. The dollar rose to 35.61 rubles, having reached 35.6425 in initial trading, the highest level since 2009. The currency weakened sharply late on Tuesday when the finance ministry announced that it had bought foreign currency to bolster its anti-crisis reserves.
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