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European stocks resume selloff on sliding commodities, inflation worries
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Italy’s De Nora IPO oversubscribed despite turbulent market -bookrunner
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UK shares drop 1% as inflation spikes to 40-year high
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Friday’s Russell rebalance may stoke more volatility in nervous stock market
European shares extend gains but recession risks hover
Date: June 21, 2022
By Sruthi Shankar and Susan Mathew (Reuters) -European equities rose for a third straight session on Tuesday, lifted by chemical and resource-linked sectors, as last week’s brutal selloff on recession fears attracted bargain hunters. The pan-European STOXX 600 index advanced 0.4%, after hitting a more than one-year low last week. Miners gained 1.3% after touching...
Oil climbs $2/bbl on strong demand, tight supply
Date: June 21, 2022
By Arathy Somasekhar HOUSTON (Reuters) -Oil rose $2 per barrel on Tuesday on high summer fuel demand while supplies remain tight because of sanctions on Russian oil after its invasion of Ukraine. Brent crude rose $2.06, or 1.8%, to $116.08 a barrel by 10:40 a.m. ET (1440 GMT). The U.S. West Texas Intermediate (WTI) crude...
Wall Street set for bounceback but recession risk keeps investors cautious
Date: June 21, 2022
By Caroline Valetkevitch NEW YORK (Reuters) -Stocks on global indexes rose sharply on Tuesday, with Wall Street bouncing following its recent selloff, while the Japanese yen fell against the U.S. dollar to its lowest level since October 1998. U.S. stock indexes climbed as investors returned from a long weekend, with mega-cap growth and energy companies...
Marketmind: Why the calm in markets won’t last
Date: June 21, 2022
A look at the day ahead in markets from Dhara Ranasinghe. Last week’s market turmoil that sparked the biggest weekly drop in world stocks since March 2020, has given way to a degree of calm. But don’t bet on it lasting. In short, until there are clear signs that inflation in major economies is coming...
Stocks stage small bounce as investors weigh cenbanks’ next moves
Date: June 20, 2022
By Tommy Wilkes LONDON (Reuters) – Stock markets chalked up modest gains on Monday after last week’s hefty losses as investors braced for a host of U.S. Federal Reserve speakers this week, where they could underline a commitment to fight inflation whatever rate pain required. Trading was thinned by a U.S. holiday. The euro was...
European shares edge higher, France lags on election jitters
Date: June 20, 2022
By Sruthi Shankar (Reuters) -European stocks edged higher on Monday after a sharp selloff last week on recession worries, while French shares lagged its peers after President Emmanuel Macron lost an absolute majority in the country’s parliamentary election. The pan-European STOXX 600 index rose 0.4%, with battered banking, travel and retail stocks leading the gains....