investing
Investing
Oil slumps 5% on recession worries, strong U.S. dollar
Investing
Stocks eye steepest slide since 2020 as central bankers roil markets
Investing
Global equity fund outflows rise on fears of inflationary risks
Investing
UK shares gain at end of turbulent week but set for weekly fall
European shares steady at the end of brutal week
Date: June 17, 2022
(Reuters) -European stocks edged higher on Friday, but were set for sharp weekly losses as a slew of interest rate hikes from major central banks fuelled worries about a sharp economic slowdown. The pan-European STOXX 600 index rose 0.8% in volatile trade, but was still set for a 4% weekly decline in what could be...
UK shares pare losses as BoE goes soft with rate hike
Date: June 16, 2022
By Devik Jain (Reuters) -London stocks cut back some losses on Thursday after the Bank of England raised interest rates by an expected quarter percentage-points in its effort to combat inflation nearing double-digits. The central bank raised rates to 1.25%, the highest since January 2009, and stuck to its more gradual approach as it warned...
Shares and bonds hit after Swiss and UK rate hikes
Date: June 16, 2022
MILAN (Reuters) – World stocks fell on Thursday and bonds resumed their slide after a surprise Swiss interest rate hike fuelled concerns about surging inflation and an aggressive policy tightening outlook from global central banks. The Swiss National Bank raised its policy rate for the first time in 15 years with a 50 basis point...
Analysis-Investors brace for recession, more market turmoil after Fed’s supersized hike
Date: June 16, 2022
By Davide Barbuscia NEW YORK (Reuters) – Investors’ faith in a soft landing for the U.S. economy is being heavily tested, as a jumbo-sized interest rate hike from the Federal Reserve stirs worries over recession and more volatile trading ahead. Analysts and investors said they believe a recession is more likely after the Fed at...
Why investors must not overlook emerging markets
Date: June 15, 2022
By Emanuela Vartolomei, CEO and Founder of All Street SEVVA and creator of Sevva.ai Just over a month ago, the UK government announced it would enshrine in law ‘the world’s most ambitious climate change target’ to cut emissions by 78% by 2035 compared to 1990 levels. The Bonn Climate Change Conference, taking place from 6-16th...
Pound rebounds but headwinds blow ahead of BoE decision
Date: June 15, 2022
LONDON (Reuters) -Sterling recovered from its lowest level against the dollar since March 2020 on Wednesday, a day ahead of the Bank of England’s rate decision, but the reprieve could prove temporary due to slowing economic growth and growing post-Brexit tensions. Britain’s growth prospects are seen among the weakest for rich countries in 2023, and...