METL

Morning Bid: Europe set to sour the US sugar high

The words recession and Europe, made from letters of a scrabble game, are seen in this illustration picture taken in Ljubljana, November 15, 2012. REUTERS/Srdjan Zivulovic Register now for FREE unlimited access to Reuters.com register A look at the day ahead in markets from Alun John European economic data takes center stage on Friday, with …

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Hope for smaller rate rises to lift Wall Street, oil gains

LONDON, Aug 11 (Reuters) – Wall Street headed for another day of gains on Thursday as investors banked on peaking inflation persuading central banks to dial back on their anticipated interest rate hikes in September. The prospect of less aggressive tightening in borrowing costs sent the dollar lower, while oil prices rallyed after the International …

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Stocks rally, dollar falls on easing inflation

Wall Street rallies with Nasdaq leading gains CPI was flat in July after rising 1.3% in June In 12 months through July, CPI rose 8.5% vs 9.1% in June NEW YORK, Aug 10 (Reuters) – Wall Street equities rally and the dollar tumbled after signs of sharply decelerating US inflation prompted bets that the Federal …

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Indonesia says Tesla strikes $5 billion deal to buy nickel products

Tesla cars are seen parked at the construction site of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 20, 2022. REUTERS/Hannibal Hanschke/ Register now for FREE unlimited access to Reuters.com register JAKARTA, Aug 8 (Reuters) – US carmaker Tesla (TSLA.O) has signed contracts worth about $5 billion to buy materials for their …

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World shares bounce after US jobs report sell-off

Euro STOXX gains 0.8% Wall Street set to gain Markets narrow odds on 75 bp hike ahead of US CPI dollar falls Oil recoups early losses, tries to rally LONDON/SYDNEY, Aug 8 (Reuters) – Shares gained ground on Monday, recovering their footing after a strong US jobs report last week bolstered the case for more …

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China’s exports gain steam but outlook cloudy as global growth cools

China July exports grow at faster pace, beat forecast Imports again disappoint, highlighting weak domestic demand Trade balance hit record high in July Weak foreign demand adds stress to trade, economic outlook BEIJING, Aug 7 (Reuters) – China’s export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its …

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Stocks climb ahead of US jobs data

Asian shares set for third straight week of gains Taiwan leads Asian gains; US European share futures up Treasury yield curve remains sharply inverted Oil edges off near six month lows HONG KONG, Aug 5 (Reuters) – Asian shares gained on Friday ahead of US jobs data that will give another clue to the health …

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Sterling falls as BoE expects recession, US futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in Sept “reasonable” Oil stabilises after hitting six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and euro …

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US stocks advance, Treasury yields rise following strong economic data, Fed resolve

NEW YORK, Aug 3 (Reuters) – Wall Street advanced and Treasury yields touched two-week highs on Wednesday as abating geopolitical concerns, robust economic data and generally upbeat corporate earnings fed investor risk appetite. All three major US stock indexes were higher, and benchmark 10-year Treasury yields gained ground. Economic data showed an unexpected acceleration of …

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Asian stocks slide with US yields on Pelosi jitters; Aussie drops

A man wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen showing Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 14, 2022. REUTERS/ Kim Kyung Hoon Register now for FREE unlimited access to Reuters.com register TOKYO, Aug 2 (Reuters) – …

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