Investing
Investing
FTSE 100 Edges Higher as Vodafone Offsets China Jitters
Investing
AutoStore Shares Fall 12% on Worries Over Growth
Investing
STMicro Sets Bullish Mid-Term Targets, Shares Rise
Investing
London Stocks Slide as Downbeat Gdp, Hot U.S. Inflation Data Weigh
European Stocks Slump Following Wall Street Rout on Rate Worries
Date: May 12, 2022
By Sruthi Shankar (Reuters) -European stocks slumped on Thursday, echoing sharp losses on Wall Street overnight, after U.S. inflation data fuelled worries about the impact of rising interest rates on economic growth. The continent-wide STOXX 600 index slid 1.7%, reversing much of the mid-week gains. Technology, automakers and mining stocks were the top losers among...
Shares Drop, Yields Shoot up After U.S. Inflation Data
Date: May 11, 2022
By Danilo Masoni MILAN (Reuters) – World shares turned lower on Wednesday and bond yields shot up after U.S. data showed inflation there slowed down less than expected last month, cementing expectations of aggressive rate hikes by the Federal Reserve. U.S. futures turned negative after data showed U.S. annual consumer price growth slowed to 8.3%...
Wall Street Set to Open Higher, Oil Prices Extend Losses
Date: May 10, 2022
By Elizabeth Howcroft LONDON (Reuters) -European stock indexes rose on Tuesday as risk appetite showed some signs of picking up again after Monday’s sharp falls, but fears over economic growth still weighed on markets, pushing oil prices lower. Asian equities slipped to their lowest in nearly two years overnight, before trimming losses. A tumble in...
Stocks Slide on Growth Fears, Oil Tumbles
Date: May 9, 2022
By Sinéad Carew NEW YORK (Reuters) – Stock indexes around the world fell sharply on Monday and the dollar reversed course after hitting a two-decade high while oil prices sank as concerns about slowing growth and a tightened lockdown in Shanghai pushed investors toward safer bets. Oil prices tumbled almost 6% on Monday as continued...
ConocoPhillips Plans $1.1 Billion Investment as Norway Oil Sector Heats Up
Date: May 9, 2022
By Nora Buli and Nerijus Adomaitis SANDEFJORD, Norway (Reuters) -ConocoPhillips submitted on Monday a plan to develop an oil discovery in the Norwegian North Sea for 10.5 billion Norwegian crowns ($1.10 billion), the first of an expected rush of new petroleum projects to be launched in Norway this year. Known as Eldfisk North, the development...
European Stocks Hit 2-month Lows on Mining, Tech Losses
Date: May 9, 2022
(Reuters) -European shares hit two-month lows on Monday, led by miners as investors fretted over a sharp economic slowdown in China due to prolonged COVID-19 curbs, while surging bond yields kept technology stocks under pressure. The pan-European STOXX 600 index dropped 1.2% to touch its lowest since March 10. Miners fell 2.8% as Chinese iron...