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Oil prices slip ahead of expected U.S. interest rate hike
Investing
Stocks, bonds rally before Fed meet, ECB move buoys mood
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ECB brings relief to battered bond markets with new tool
Investing
European shares break 6-day losing streak as ECB acts to halt bond rout
Global equity funds decline over 20% this year
Date: June 15, 2022
(Reuters) – Global equity funds have shed over 7% this month due to a slump in stock prices as higher inflation levels fuel worries about more aggressive policy tightening by major central banks. Global bond funds have declined 3.5% on average, while money market funds fell 1.4%, data from Refinitiv Lipper showed. With the sharp...
European stocks jump as ECB holds surprise meeting
Date: June 15, 2022
By Sruthi Shankar (Reuters) -European stocks rallied on Wednesday, with banks leading the gains, after the European Central Bank said its rate-setting Governing Council would hold an unscheduled meeting to discuss the recent sell-off in government bond markets. An index of euro zone shares climbed 1.5%, while the pan-European STOXX 600 added 1%. Italian bank...
UK shares climb on boost from financial stocks, strong results
Date: June 15, 2022
By Devik Jain (Reuters) -London’s main indexes rose on Wednesday as financial stocks gained and strong results from companies including WH Smith lifted sentiment ahead of the U.S. Federal Reserve meeting later in the day. The blue-chip FTSE 100 was up 0.5% and the domestically focussed mid-cap FTSE 250 index advanced 1.1% after logging six...
FTSE 100 falls for six straight sessions on rising rate-hike bets
Date: June 14, 2022
By Devik Jain and Amal S (Reuters) – UK’s FTSE 100 fell for a sixth straight session on Tuesday, as investors raised bets on how high central banks would lift interest rates to tackle inflation. After rising as much as 0.9%, the FTSE 100 erased early gains to end 0.3% lower, with spirit market Diageo...
Oil rises as tight supply outweighs recession, China demand fears
Date: June 14, 2022
By Laura Sanicola (Reuters) -Oil prices rose on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh COVID-19 curbs in China. Brent crude futures rose $1.37, or 1.1%, to $123.64 a barrel at 12:20 p.m. EDT (1620 GMT), while U.S. West Texas Intermediate (WTI) crude...
European stocks post six straight days of losses
Date: June 14, 2022
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) – European equities reversed early gains on Tuesday to extend their selloff for a sixth straight session on worries over aggressive U.S. interest rate hikes and a potential recession. The continent-wide STOXX 600 index declined 1.3% after sliding 2.4% to over three-month lows on Monday. Health care...