Investing
Investing
London Stocks Slid as China Growth Concerns Dent Global Risk Appetite
Investing
European Shares Suffer Worst Week in 2 Months; Tech, Retail Fall
Investing
U.S. Rate Outlook Hits Stocks, Propels Dollar to 20-year Highs
Investing
Global Gloom Sets European Shares for Worst Week Since March
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...
European Stocks Rally on Fed Relief, Encouraging Earnings
Date: May 5, 2022
By Sruthi Shankar (Reuters) -European stocks climbed on Thursday, riding a global stock markets rally after the Federal Reserve raised interest rates as expected but cooled aggressive tightening expectations, with sentiment lifted further by a slew of upbeat earnings. The pan-European STOXX 600 index advanced 1%, with battered technology stocks leading the gains, followed by...
Global Rally Lifts UK Shares Over 1% Ahead of BoE Decision
Date: May 5, 2022
By Bansari Mayur Kamdar (Reuters) – UK shares rose on Thursday after the U.S. Federal Reserve’s widely expected rate hike triggered a relief rally in global markets, with investor focus now on the Bank of England’s meeting amid concerns over Britain’s cost-of-living crisis. The Bank of England looks poised to raise interest rates later in...
Russia Weighs on Credit Agricole’s Q1, Capital Miss Hits Shares
Date: May 5, 2022
By Julien Ponthus LONDON (Reuters) -Credit Agricole SA on Thursday posted a sharp fall in first-quarter profit as it took more than half a billion euros in provisions against its exposure to Russia and Ukraine. A disappointing reading for its capital ratios, higher than anticipated costs and better-than-expected performances from rivals, BNP Paribas and Societe...