Investing
Investing
Commodity Stocks Drive FTSE 100 to More Than One-Week High
Investing
European Fund Managers Set to Go All in on ESG – Survey
Investing
Stocks Rally, Copper Extends Fall as Investors Assess Recession Risk
Investing
European Shares Mark Strong End to Nervous Week
Stocks Temper Their Inflation Expectations on Copper Pounding
Date: June 24, 2022
By Carolyn Cohn LONDON (Reuters) – World stocks headed for their first weekly gain in a month and Wall Street was set to open higher on Friday on hopes that slides in copper and other commodities could put a brake on runaway inflation. The week has been marked by steep declines for commodities on concern...
Global Equity Funds Gain Weekly Inflows After Big Selloff
Date: June 24, 2022
(Reuters) – Global equity funds obtained capital inflows in the week ended June 22, following a heavy selling in the previous week, as a slide in commodity prices slightly assuaged investor fears over rapid inflation. According to Refinitiv Lipper, investors secured global equity funds of $7.51 billion in net purchases. That compares with withdrawal of...
Defensive Stocks Lead Rebound in FTSE 100
Date: June 24, 2022
By Boleslaw Lasocki (Reuters) -UK’s FTSE 100 rose on Friday, lifted by defensive stocks at the end of a choppy week that saw investor anxiety over hawkish central banks, weak economic readings and heightened risks of a global recession. The blue-chip index climbed 1.2%, with healthcare and consumer staples stocks that tend to decouple from...
European Retail Shares Slide to Lowest Since Outbreak of Covid Crisis in 2020
Date: June 24, 2022
LONDON (Reuters) – European retail stocks fell on Friday to their lowest level since the onset of the COVID-19 pandemic in 2020, hit by a profit warning from online fashion retailer Zalando and data showing consumer confidence in Britain has hit a record low. The STOXX 600 retail sector, poised for its fourth consecutive week...
European Stocks Eye Weekly Gains as Defensives, Tech Shine
Date: June 24, 2022
By Sruthi Shankar (Reuters) -European stocks rose on Friday, led by defensive and technology names, as investors pivoted to safer bets amid growing worries that tighter monetary policies and surging inflation will cause a global recession. The pan-European STOXX 600 index rose 1.1% after hitting a fresh 2022 low in the previous session when weaker-than-expected...
Taiwan Pension Fund Awards $2.3 Billion ESG Mandate to Hsbc, Morgan Stanley, 3 Others by Selena Li
Date: June 24, 2022
HONG KONG (Reuters) – The fund management arms of HSBC and Morgan Stanley were among three others to win a mandate from Taiwan’s largest pension manager to run Asia’s first climate change-focused fund worth a total $2.3 billion in assets. Legal & General Investment Management, Schroder Investment Management, and Wellington Management were also selected, with...