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Asian shares subdued ahead of Nvidia results, dollar steadies near 1-week low
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Dollar higher, boost to safe-haven currencies fades
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Russia restricts cryptocurrency mining in low-energy regions
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Stocks edge higher, oil prices fall as markets eye Russia-Ukraine tensions, White House appointments
European stocks sink as investors flock to safety amid geopolitical jitters
Date: November 19, 2024
By Ankika Biswas, Joao Manuel Vicente Mauricio and Pranav Kashyap (Reuters) -Europe’s main stock index touched its lowest level in three months on Tuesday, as escalating geopolitical tensions, fuelled by Russia lowering its threshold for a nuclear strike, spurred investors to head to safer havens. The pan-European STOXX 600 closed 0.4% lower, after falling 1%...
Oil steadies as Sverdrup field restart counters geopolitical concerns
Date: November 19, 2024
By Shariq Khan and Alex Lawler NEW YORK/LONDON (Reuters) -Oil prices traded steady on Tuesday as Norway’s Johan Sverdrup oilfield restarted production and there were reports of Iran offering to cap its uranium stockpile, factors that offset investor concerns about escalation of the Russia-Ukraine war. Brent crude futures fell 0.1%, or 7 cents, to $73.23...
London stocks end near flat mark with eyes on geopolitical tensions, inflation data
Date: November 19, 2024
(Reuters) – London stocks closed nearly flat on Tuesday after a choppy trading session, as investors avoided big bets ahead of a key inflation report and monitored tensions between Russia and the U.S. over Ukraine. The export-focussed FTSE 100 closed 0.11% lower, while the midcap FTSE 250 index pared early losses and ended higher by...
European oil giants step back from renewables path
Date: November 18, 2024
By Ron Bousso LONDON (Reuters) – Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals,...
London stocks start week on steady note; Melrose shines
Date: November 18, 2024
(Reuters) – UK’s main stock indexes traded in a tight range on Monday, as caution prevailed ahead of an inflation report due later in the week, while conglomerate Melrose jumped following an upbeat trading update. In a quiet start to the week, the FTSE 100 index inched up 0.2%, buttressed by gains in precious metal...
Sterling finds footing after hitting six-month low on Trump victory
Date: November 18, 2024
By Harry Robertson LONDON (Reuters) – The pound held steady on Monday after falling to a six-month low the previous week as the dollar surged on the back of Donald Trump’s victory in the U.S. presidential election. Sterling was last up 0.1% at $1.2627, from $1.2598 on Friday, its lowest since mid-May. Trump’s Nov. 5...