PREMTL

Ex-JPMorgan traders face US trial on racketeering charges

July 8 (Reuters) – Three former JPMorgan Chase & Co employees face a US federal trial in Chicago on Friday on accusations they helped turn their trading desk into a criminal enterprise that faked precious metals futures orders to manipulate prices. The bank’s former global precious metals desk head Michael Nowak, precious metals trader Gregg …

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European shares struggle ahead of US jobs data

LONDON, July 8 (Reuters) – European shares opened slightly lower on Friday and struggled to make gains after the shooting of Japan’s former prime minister caused a pullback in Asian shares, while investors waited for key US jobs data later in the session. Investor sentiment had been positive earlier in the session, which analysts said …

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Morning Bid: King dollar, you reign supreme

US dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com register A look at the day ahead in markets from Dhara Ranasinghe. Whoever coined the phrase “king dollar” certainly had good reason for doing so and currency trading this week only confirms that …

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Chipmaker stocks climb, sickly euro treads water

LONDON, July 7 (Reuters) – Gains in chipmakers lifted stocks to calm investors after hawkish Federal Reserve comments increased the likelihood of a hefty interest rate hike later this month and raised fears over how much this could slow the economy. The euro struggled to avoid dipping below parity with the safe-haven dollar. Sterling was …

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Dollar reigns as investors fear recession pain

Oil, Europe equity futures steady after steep drop Euro huddles at 20-yr low; sterling squeezed China stocks slip on fresh Shanghai virus outbreak TOKYO/SINGAPORE, July 6 (Reuters) – Asian stocks fell and the dollar stood by a two-decade high on the euro on Wednesday as investors’ fears deepened that the continent is leading the world …

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Zimbabwe to introduce gold coins as local currency tumbles

HARARE, July 5 (Reuters) – Zimbabwe’s central bank said it would start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency. The central bank governor John Mangudya said in a statement on Monday that the coins will be available for sale from July …

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Morning Bid: Inflation vs. recession

An ibis bird perches next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel Munoz Register now for FREE unlimited access to Reuters.com register A look at the day ahead in markets from Dhara Ranasinghe. Yes, recession risk remains high on markets’ radar but no, there are yet few …

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Stocks up in holiday mood on resilient oil

Oil recovers after losing $1 a barrel in early trade Nikkei rises 0.84%, Chinese stocks up 0.7% FTSE up more than 1%, S&P futures down 0.3% Payrolls seen slowing this week, Fed minutes seen hawkish LONDON, July 4 (Reuters) – World stocks rose on Monday in trade thinned by a US holiday, benefiting from a …

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Second half starts with a fresh drubbing for stocks

World stocks struggle after biggest fall in index history Dollar rises against Aussie, kiwi 10-year Treasury yield holds below 3% China markets steady in a sea of ​​red in Asia Metals buckle as recession jitters build LONDON, July 1 (Reuters) – The second half of the year started with another first class drubbing for global …

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Stocks fall as US data supports recession fears; yields down

US stocks down in early trading Treasury yields slip for third straight day Oil falls on uncertainty over future OPEC+ output NEW YORK, June 30 (Reuters) – Stocks on global indexes were sharply lower on Thursday and Treasury yields slid after US data showed consumer spending rose less than expected in May while price pressures …

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