Market Round-up 28.07.14 – 09:00hrs CET
Israel and Hamas resumed heavy fighting on Sunday.
A brief pause in the fighting broke down over the weekend. The conflict so far left more than a thousand Palestinians dead in spite of UN and international calls for a ceasefire.
Europe’s banking union set to face a challenge in Germany’s constitutional court.
Five German academics have filed a case claiming that the EU’s banking union is illegal under German law because it was created without the necessary treaty changes.
Boko Haram militants kidnap the wife of Cameroon’s vice-prime minister.
The attack occurred early on Sunday in Kolofata, a town in the north of the country. The wife of Amadou Ali, Cameroon’s vice-prime minister, and a number of others were confirmed to have been kidnapped.
GlaxoSmithKline chief exec open to idea of group being broken up in the future.
Sir Andrew Witty said GSK had the option to spin off its consumer healthcare business if a time came when it offered more value as a standalone company.
Airline insurers face biggest bill since 9/11 with annual losses set to pass $2bn.
Senior insurance brokers have warned that some underwriters are demanding more than threefold increases in premiums in recent days for so-called “war” insurance policies.
Ukraine fighting stalls plan to recover remains from MH17 crash site.
Uncertainty hangs over an international effort to retrieve human remains from the crash site of Malaysia Airlines Flight 17 as fighting rages in eastern Ukraine.
US allegations of Russia firing at Ukraine are ‘baseless’ – Russian MP.
Satellite images released by the US allegedly “proving” that Russia fired rockets at Ukrainian troops across the border cannot be considered evidence, according to a Russian MP.
British-listed companies have issued more profit warnings this year than in any first-half since 2011.
The results of a string of companies including Rolls-Royce, Diageo and GKN are expected to show an adverse impact from exchange rates. 
OVERNIGHT TRADING
Asian markets
Nikkei 225 up +62.13 (+0.40%) at 15,520
Topix up +4.04 (+0.32%) at 1,285
Hang Seng up +221.53 (+0.91%) at 24,438
ASX 200 down -7.31 (-0.13%) at 5,576
US markets
S&P 500 down -9.64 (-0.48%) at 1,978
DJIA down -123.23 (-0.72%) at 16,961
Nasdaq down -22.54 (-0.50%) at 4,450
European markets
Eurofirst 300 down -9.86 (-0.71%) at 1,372
FTSE100 down -29.91 (-0.44%) at 6,792
CAC 40 down -80.10 (-1.82%) at 4,331
Dax down -150.05 (-1.53%) at 9,644
Currencies
€/$ 1.34 (1.34)
$/¥ 101.78 (101.80)
£/$ 1.70 (1.70)
€/£ 0.791 (0.7912)
Commodities ($)
Brent Crude (ICE) down -0.54 at 107.85
Light Crude (Nymex) down -0.56 at 101.53
100 Oz Gold (Comex) up +4.90 at 1,308
Copper (Comex) at 3.23
Sources: FT, Bloomberg
All information correct as of 09.00CET. For the latest news from the financial markets, please visit deVere Foreign Exchange. For regular news updates throughout the day, please view deVere Market News