SEEU

Dollar nears 3-mth low, shares climb after Fed tests the brakes

LONDON, Nov 24 (Reuters) – Shares hit a two-month high and the dollar swooped towards a three-month low on Thursday, after Federal Reserve signals of smaller interest rate rises from next month were followed by the message from Frankfurt that the ECB will plough on. With Wall Street shut for Thanksgiving, it was up to …

Dollar nears 3-mth low, shares climb after Fed tests the brakes Read More »

EU split on Russian oil price cap level, talks to resume Thursday

BRSELS, Nov 23 (Reuters) – European UnionUS failed to reach a deal on Wednesday at what level to cap prices for Russian sea-borne oil under the Group of Seven nations (G7) scheme and will resume talks on Thursday evening or on Friday , EU diplomats said. Earlier on Thursday of the EU’s 27 met in …

EU split on Russian oil price cap level, talks to resume Thursday Read More »

Caution creeps into world stocks as Fed gets ready to hike big again

LONDON, Nov 2 (Reuters) – European shares dipped and US stock futures were mixed on Wednesday as a note of caution crept into world stock markets as the US Federal Reserve looked set to deliver its fourth, 75 basis points interest rate increase. Another aggressive rate hike to contain hot inflation when the Fed conclides …

Caution creeps into world stocks as Fed gets ready to hike big again Read More »

European stocks hit six-week high on hopes for rate hike slowdown

LONDON, Nov 1 (Reuters) – European stocks rose on Tuesday and the positive market sentiment was set to continue on Wall Street, supported by speculation among investors that central banks could come to the end of their rate-hiking cycles. Following mild losses on Wall Street on Monday, Asian shares strengthened on Tuesday and European shares …

European stocks hit six-week high on hopes for rate hike slowdown Read More »

Europe’ debt market strains force somes to rework trading rules

Oct 31 (Reuters) – Some euro zone countries have eased rules for the banks that manage the trading of their government debt to help them cope with some of the most challenging market conditions in years, officials told Reuters. Out of 11 major euro area debt agencies Reuters contacted, officials in the Netherlands and Belgium …

Europe’ debt market strains force somes to rework trading rules Read More »

EXCLUSIVE Gap says Russia deliveries stopped in March. But its clothing kept coming.

NEW YORK/LONDON/ISTANBUL, Oct 31 (Reuters) – In March, clothing retailer Gap Inc (GPS.N) joined numerous Western companies in announcing that it was halting deliveries to Russia to protest its invasion of Ukraine. “As a values-led company, one that is proud to do the right thing over the past 53 years in business, at this time, …

EXCLUSIVE Gap says Russia deliveries stopped in March. But its clothing kept coming. Read More »

US stocks extend rally, Treasury yields dip after solid earnings, economic data

NEW YORK, Oct 18 (Reuters) – Wall Street stocks closed higher and Treasury yields dipped on Tuesday as upbeat earnings and better-than-expected factory data stoked a risk-on rally. Building on Monday’s broad gains, the S&P 500 led the major US stock indexes higher to end the session up nearly 1% or more, with sectors across …

US stocks extend rally, Treasury yields dip after solid earnings, economic data Read More »

World stocks slip to near 2-yr low ahead of US CPI data

MSCI’s ACWI world stocks index at lowest since November 2020 European stocks down 0.7% in early trading Dollar pushing for 7th day of gains, yen near 1998 low US CPI data set to drive bets on Fed rate hike UK gilt yields rise ahead of planned end of BOE support LONDON, Oct 13 (Reuters) – …

World stocks slip to near 2-yr low ahead of US CPI data Read More »

European stocks struggle for direction, sterling recovers after BoE warning

LONDON, Oct 12 (Reuters) – European stocks held steady in early trading on Wednesday, while sterling recovered after hitting a 13-day low overnight as the Bank of England reiterated that it would end its emergency bond-buying at the end of the week . Global equity markets have fallen sharply in recent days, hurt by heightened …

European stocks struggle for direction, sterling recovers after BoE warning Read More »

World stocks head back towards 2-year lows as mood sours

LONDON, Oct 11 (Reuters) – World stocks headed back towards their lowest levels in almost two years on Tuesday, with sentiment weighed down by unease about rapidly rising interest rates, an escalation in the Ukraine war and China stepping up pandemic measures. There was a modest respite for Britain’s battered bond market after the Bank …

World stocks head back towards 2-year lows as mood sours Read More »