investing
Investing
Iraq, Saudi, Russia stress need for stable oil market ahead of OPEC+ meeting
Investing
Sterling holds steady as Trump triggers currency swings
Investing
European shares set for choppy rise to fresh record in 2025: Reuters poll
Investing
European stocks echo global market downturn on tariff risk; auto shares slump
Analysis-Investors say they know how to trade Trump 2.0
Date: November 26, 2024
By Tom Westbrook and Ankur Banerjee SINGAPORE (Reuters) – Investors dusted off their trade war playbooks on Tuesday, confident their portfolios were better-prepared for Donald Trump this time after the U.S. President-elect took to social media and pledged new tariffs on Mexico, Canada and China. Muscle memory, formed over years of gyrating to Trump’s tweets...
China’s yuan slides to four-month low on Trump’s tariff promise
Date: November 26, 2024
SHANGHAI (Reuters) – The yuan fell against the U.S. dollar to its weakest in nearly four months after U.S. President-elect Donald Trump said he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China. Offshore yuan dropped roughly 0.3% on the news to 7.2730...
European stocks off two-week highs as energy stocks weigh
Date: November 25, 2024
By Joao Manuel Vicente Mauricio, Ankika Biswas and Pranav Kashyap (Reuters) -Europe’s main stock index slipped back from a two-week high as gains were limited by a slump in energy stocks, while market sentiment remained optimistic following the nomination of the new U.S. Treasury Secretary and encouraging remarks from the ECB’s chief economist regarding monetary...
Stocks climb while dollar falls as markets cheer US Treasury pick
Date: November 25, 2024
By Sinéad Carew and Nell Mackenzie NEW YORK/LONDON (Reuters) -MSCI’s global equities gauge rose and the dollar fell with U.S. government bond yields on Monday as investors welcomed the incoming U.S. President’s selection of fund manager Scott Bessent as the next U.S. Treasury Secretary. Wall Street indexes gained ground, with the S&P 500 and the...
Anglo to sell Australian coal mines to Peabody for up to $3.78 billion
Date: November 25, 2024
By Clara Denina and Melanie Burton LONDON/MELBOURNE (Reuters) – Anglo American agreed on Monday to sell its remaining Australian steelmaking coal mines to Peabody Energy for up to $3.78 billion in cash, the first major disposal in a wider restructuring plan. The London-listed miner is reshaping its business to focus on copper after fending off...
Oil falls $1 on Israel-Lebanon ceasefire report
Date: November 25, 2024
By Arunima Kumar and Enes Tunagur HOUSTON (Reuters) – Oil prices fell more $1 on Monday after Axios reported that Israel and Lebanon had agreed to the terms of a deal to end the Israel-Hezbollah conflict, citing an unnamed senior U.S. official. Brent crude futures were down $1.34, or 1.78%, at $73.83 a barrel by...