investing
Investing
Stocks slide on growth fears, oil tumbles
Investing
ConocoPhillips plans $1.1 billion investment as Norway oil sector heats up
Investing
European stocks hit 2-month lows on mining, tech losses
Investing
London stocks slid as China growth concerns dent global risk appetite
European shares suffer worst week in 2 months; tech, retail fall
Date: May 6, 2022
By Shreyashi Sanyal and Sruthi Shankar (Reuters) -European shares chalked up their worst week in two months on Friday, with tech stocks and retailers feeling the brunt of selling on the prospect of bigger interest rate hikes to tame decades-high inflation. The pan-European STOXX 600 index fell 1.9%, with retailers down 2.0% and technology stocks...
U.S. rate outlook hits stocks, propels dollar to 20-year highs
Date: May 6, 2022
By Carolyn Cohn LONDON (Reuters) – U.S. stock futures were indicating a lower open on Friday following a slide in the previous session on U.S. rate hike expectations, though the rate outlook briefly drove the dollar to its highest in 20 years. Asian stocks fell on worries about the hit to growth from China’s zero-COVID...
Global gloom sets European shares for worst week since March
Date: May 6, 2022
(Reuters) -European stocks were on course for their worst week in two months on Friday following a carnage on Wall Street as investors feared that bigger interest rate hikes would be needed to tame decades-high inflation. The pan-European STOXX 600 index fell 1.6%, with retailers suffering the biggest loss among sectors. Europe’s retail index slumped...
FTSE 100 slides on economy worries, weak IAG results
Date: May 6, 2022
By Sruthi Shankar (Reuters) -UK’s top share index fell on Friday, with British Airways owner leading losses after disappointing results, while a recession warning from the Bank of England weighed on sentiment. International Consolidated Airlines Group tumbled 6.6% to a near one-month low after it reported a bigger-than-expected quarterly operating loss and scaled back plans...
UK government bonds surge on gloomy BoE growth view
Date: May 5, 2022
LONDON (Reuters) – Short-dated British government bond prices surged on Thursday as investors judged that the Bank of England’s gloomy economic growth outlook would slow the pace of interest rate rises, despite inflation being set to reach double figures. The BoE raised interest rates to 1% from 0.75%, predicted inflation would exceed 10% in the...
Stainless steel maker Outokumpu shares up more than 6% on strong Q1
Date: May 5, 2022
HELSINKI (Reuters) -Finnish stainless steel maker Outokumpu saw its shares soar more than 6% on Thursday after reporting stronger-than-expected quarterly profits, boosted by higher prices for stainless steel and ferrochrome. The company said it expects the strong performance to continue in the second quarter, seeing a further rise in its adjusted earnings from the first...