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France’s CAC 40 drops 1% on budget angst, European auto stocks struggle
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Stocks pause, currencies mixed on Trump tariff concerns
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Just Eat Takeaway to withdraw from London stock exchange, citing costs
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Asian stocks slide amid Trump tariff worries, yen gains
Major currencies regroup before US inflation data
Date: November 27, 2024
By Brigid Riley TOKYO (Reuters) – The U.S. dollar consolidated against its major peers on Wednesday as investors weighed President-elect Donald Trump’s tariff pledges, while awaiting a key inflation figure out of the U.S. later in the day. The New Zealand dollar <NZD=D3> rose after the Reserve Bank of New Zealand cut benchmark rates by...
Bitcoin options trade shows more bets on retreat after failing to breach $100,000
Date: November 27, 2024
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Investors in the world’s largest cryptocurrency are anticipating a significant downward move after bitcoin failed to hit an all-time peak of $100,000, according to a crypto trading platform citing recent options activity. Bitcoin hit a record high of $99,830 on Nov. 22, but it has since fallen more...
Novo, Lilly shares rise as Biden proposes obesity care coverage
Date: November 26, 2024
By Ludwig Burger and Stine Jacobsen (Reuters) – Shares of weight-loss drugmakers Novo Nordisk and Eli Lilly rose on Tuesday after U.S. President Joe Biden proposed expanding coverage of anti-obesity drugs under state-run health plans and as a potential rival drug missed expectations in a trial. Under the proposal, out-of-pocket expenses for the drugs would...
Investors’ euro zone inflation expectations fall below 2% for first time since 2022
Date: November 26, 2024
By Harry Robertson LONDON (Reuters) – A key gauge of the market’s long-term euro zone inflation expectations fell below 2% for the first time since July 2022 on Tuesday, a sign investors think faltering growth means inflation could undershoot the European Central Bank’s target. The five-year, five-year forward inflation swap fell to 1.9994%, LSEG data...
Eurex eyes 2025 launch for EU bond futures
Date: November 26, 2024
LONDON (Reuters) – Deutsche Boerse’s Eurex exchange is eyeing a launch for a futures contract linked to European Union bonds next year, it said on Tuesday. The statement comes just weeks after the exchange said it still needed to see the right conditions before launching the futures, seeing confidence that the EU’s bond programme —...
UK stocks retreat as Trump’s tariff proposal sparks selloff
Date: November 26, 2024
By Sruthi Shankar (Reuters) – The main UK stock indexes eased on Tuesday from multi-week highs after U.S. President-elect Donald Trump’s latest tariff proposal for some of the country’s biggest trading partners sparked risk-off moves across global markets. The blue-chip FTSE 100 dipped 0.3% after touching a one-month closing high in the previous session. The...