Investing
Investing
UK’s FTSE 100 Jumps on Energy Boost
Investing
Banks Boost Stoxx 600 to Month High, France’s Political Turmoil in Focus
Investing
Euro Steadies, France Turmoil Keeps Investors on Edge
Investing
Dollar Rides High on Flagging Euro and Yuan
Euro Drops as French Government Crisis Escalates
Date: December 3, 2024
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The euro faltered on Monday against a strong U.S. dollar on growing concerns about a possible government collapse in France, which would stall plans to curb a burgeoning budget deficit. The greenback, meanwhile, extended gains after strong U.S. manufacturing data from both the Institute for Supply Management and S&P...
Oil Steady, Traders Hopeful on China Demand but Worried About Fed
Date: December 3, 2024
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices were little changed on Monday, as hopes of stronger demand stemming from higher factory activity in China was largely offset by concerns that the U.S. Federal Reserve will not cut interest rates again at its December meeting. Brent crude futures settled 1 cent lower at $71.83 a barrel....
Sanofi Announces Its Biggest China Investment Deal Amid China-EU Trade Tensions
Date: December 3, 2024
SHANGHAI (Reuters) -Sanofi plans to invest around 1 billion euros ($1.05 billion) to build a new insulin production base in Beijing, which will mark the French drugmaker’s largest single investment in China, the company said on Monday. The site, which will be in the Beijing Economic and Technological Development Zone, will be Sanofi’s fourth production...
France’s CAC 40 Turns Positive After PM Barnier’s Last-Minute Concession
Date: December 2, 2024
By Joao Manuel Vicente Mauricio and Ankika Biswas (Reuters) -French shares climbed on Monday, reversing early declines, as a further budget concession from the country’s government to the National Rally party came as a relief for investors worrying over domestic political turmoil. The pan-European STOXX 600 index rose 0.6%, hitting a three-week high as of...
Denmark Plans to Buy Majority Stake in Copenhagen Airports
Date: December 2, 2024
COPENHAGEN (Reuters) -Denmark’s finance ministry has reached a conditional agreement with Danish pension fund ATP to buy a further 59.4% of the shares in Copenhagen Airports for around 32 billion Danish crowns ($4.52 billion), boosting the group’s shares. If the deal goes through, the Danish state will own 98.6% of the company, which owns and...
London Stocks Slip as Homebuilders, Precious Metal Miners Drag
Date: December 2, 2024
By Nikhil Sharma (Reuters) – The UK’s main stock indexes inched lower on Monday after clocking healthy gains in November, pressured by losses in homebuilders and precious metal miners. The blue-chip FTSE 100 dipped 0.1% and the midcap FTSE 250 was down 0.2% at 0950 GMT, but both indexes were still performing better than other...