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Sterling Ticks Up, PMIs Show UK Price Pressures
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Laggard European Markets May Be 2025’s Top Recovery Trade
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Dollar Set for Best Week in a Month on Cautious Fed Outlook for 2025
Trading
Rouble Rebounds Past 100 vs US Dollar After Putin’s Gas Payments Decree
Oil Set for Weekly Loss on Surplus Fears Despite Opec+ Cut Extensions
Date: December 6, 2024
By Enes Tunagur (Reuters) -Oil prices fell on Friday as analysts continued to forecast a supply surplus in 2025 despite the OPEC+ decision to postpone planned supply increases and extend deep output cuts to the end of 2026. Brent crude futures were down 66 cents, or 0.9%, to $71.43 per barrel at 1128 GMT. U.S....
Rattled by China, West Scrambles to Rejig Critical Minerals Supply Chains
Date: December 6, 2024
By Amy Lv, Divya Rajagopal and Ernest Scheyder BEIJING/TORONTO/LONDON (Reuters) – China’s trade restrictions on strategic minerals are starting to hit Western companies where it hurts. Blaming Beijing’s curbs on antimony exports announced in August, German chemicals and consumer goods heavyweight Henkel told customers last month it had declared force majeure and suspended deliveries of...
UK’s FTSE 100 Slips on Utilities Losses; Indexes Set for Weekly Gains
Date: December 6, 2024
(Reuters) – The UK’s benchmark FTSE 100 edged lower on Friday, pressured by losses in defence stocks and utilities, while Direct Line jumped after Aviva agreed to buy the insurer. The blue-chip FTSE 100 was down 0.1%, while the midcap FTSE 250 was up 0.3% at 0945 GMT. Both indexes are on track to log...
Analysis-Gas Price Shock Set to Add to Europe’s Industrial Pain
Date: December 6, 2024
By Forrest Crellin, Nora Buli and Nina Chestney PARIS/OSLO/LONDON (Reuters) – Europe’s struggling industries are bracing for a new gas price shock over the coming winter months, as colder weather depletes stocks, competition with Asia for liquefied natural gas intensifies, and the prospect of reduced Russian supplies looms. Since the energy crisis of 2022, when...
European Stocks Finish at One-Month High, French Politics in Focus
Date: December 6, 2024
By Joao Manuel Vicente Mauricio and Johann M Cherian (Reuters) -European stocks closed at a more than one-month high on Thursday, aided by bank stocks as investors hoped a new budget could be passed in France after Prime Minister Michel Barnier’s government was toppled. The pan-European STOXX 600 finished 0.4% higher, logging its sixth-straight session...
Personal Goods Stocks Lifts FTSE 100; Frasers Slumps
Date: December 6, 2024
(Reuters) -Britain’s FTSE 100 index was barely changed on Thursday, as gains in the personal goods sector were limited by losses in real estate, while Frasers dropped to a more than two-year low after lowering its annual profit forecast. The blue-chip FTSE 100 was up 0.2%, while the midcap FTSE 250 was flat. The personal...