investing
Investing
European shares struggle ahead of speeches from ECB policymakers
Investing
Morning Bid: BOJ open to tightening, mum on timing
Investing
Oil nudges up after Russia-Ukraine tensions escalate
Investing
Shares rise ahead of Nvidia results; BOJ’s Ueda offers few rate hints
Dollar firms against yen as BOJ leaves open timing of hikes
Date: November 18, 2024
By Wayne Cole SYDNEY (Reuters) – The dollar rose against the yen on Monday after Japan’s top central banker flagged further policy tightening ahead but left open the question of timing, leaving the market no clearer on whether a move would come next month. Bank of Japan Governor Kazuo Ueda reiterated that interest rates would...
TikTok parent ByteDance’s valuation hits $300 billion, sources say
Date: November 17, 2024
By Echo Wang and Chandni Shah (Reuters) -TikTok’s parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to two people familiar with the matter and a document viewed by Reuters. ByteDance reached out to investors in recent weeks, offering a price of $180.70...
Global stocks drop as Fed signals slower pace of rate cuts
Date: November 16, 2024
By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks was set for its biggest weekly drop in two months and the 10-year U.S. Treasury yield hit its highest level in 5-1/2 months on Friday as economic data and comments from Federal Reserve officials suggested a slower pace of interest-rate cuts ahead. Fed Chair...
FTSE 100 slips as pharma stocks weigh
Date: November 16, 2024
(Reuters) -The main UK stock indexes slipped on Friday, with losses in AstraZeneca and GSK weighing on the blue-chip FTSE 100, while data showed Britain’s economy contracted unexpectedly in September. Shares of drugmakers AstraZeneca dropped 3.1% and GSK dipped 3.9%, tracking losses in U.S. and European vaccine makers after U.S. President-elect Donald Trump said he...
Oil settles down 2% on weaker Chinese demand, uncertainty over Fed rate cut
Date: November 16, 2024
By Georgina McCartney HOUSTON (Reuters) -Oil prices settled down more than 2% on Friday as investors fretted about weaker Chinese demand and a potential slowing in the pace of U.S. Federal Reserve interest rate cuts. Brent crude futures settled down $1.52, or 2.09%, to $71.04 a barrel. U.S. West Texas Intermediate crude futures (WTI) settled...
European shares end lower on US rate, Trump jitters
Date: November 16, 2024
By Shashwat Chauhan (Reuters) -Europen shares slipped on Friday, weighed down by disappointing earnings, concerns about the impact of U.S. President-elect Donald Trump’s policies on global economies and businesses and a jump in Treasury yields. The pan-European STOXX 600 index dropped 0.8%, trading just above a three-month low hit earlier this week. U.S. stocks also...