investing
Investing
Porsche SE earnings down a third as German carmakers struggle
Investing
Stocks struggle on unease about higher bond yields as focus turns to US inflation
Investing
Mediobanca shares slide 8% following revenue miss, NII guidance lowered
Investing
China jitters, earnings drag Europe’s STOXX 600 to three-month low
Shell and Equinor fight challenges to UK North Sea gas, oil projects
Date: November 12, 2024
By Sam Tobin LONDON (Reuters) – Shell and Equinor on Tuesday urged a Scottish court to uphold Britain’s approval for the development of two vast North Sea oil and gas fields, as environmental campaigners attempted to block the projects. Shell is fighting a legal challenge brought by Greenpeace at the Court of Session in Edinburgh...
Earnings, China worries drag FTSE 100 to three-month low
Date: November 12, 2024
By Pranav Kashyap (Reuters) – London’s benchmark index hit its lowest point in over three months on Tuesday, fuelled by concerns over Donald Trump potentially appointing a China hawk as the leading U.S. diplomat, along with some disappointing corporate updates. The blue-chip FTSE 100 fell 1% by 1311 GMT, trading at its lowest level since...
Stocks slip, bitcoin nears $90,000 as ‘Trump trade’ whipsaws markets
Date: November 12, 2024
By Amanda Cooper LONDON (Reuters) – Global stocks came under pressure on Tuesday from investor concern about U.S. President-elect Donald Trump’s policies, while bitcoin neared a record $90,000 as traders piled into assets they believe could benefit from the new administration. Investors have been funnelling cash into assets they think will get a boost from...
European shares under pressure on China worries, downbeat earnings
Date: November 12, 2024
By Shashwat Chauhan (Reuters) – European shares slipped on Tuesday, with China-exposed heavyweight stocks amongst top decliners on worries that Donald Trump would likely bring in a China hawk as the top U.S. diplomat, while some downbeat earnings compounded losses. The pan-European STOXX 600 shed 0.8%, with most sub-sectors falling. The benchmark had risen more...
German investor morale falls, rattled by Trump and coalition collapse
Date: November 12, 2024
By Rachel More BERLIN (Reuters) -German investor morale clouded over this month, an economic research institute said on Tuesday, as Donald Trump’s U.S. election win and the collapse of the government in Berlin unleashed added uncertainty on Germany’s already ailing economy. The ZEW Institute reported a stronger-than-expected decline in its economic sentiment index to 7.4...
Oil prices steady ahead of OPEC report, China stimulus limit gains
Date: November 12, 2024
By Emily Chow (Reuters) – Oil prices were little changed on Tuesday, awaiting further price direction from OPEC’s monthly report, while investor disappointment over China’s latest stimulus plan and oversupply concerns limited gains. Brent crude futures rose 38 cents, or 0.5%, to $72.21 a barrel, by 0944 GMT. U.S. West Texas Intermediate crude futures were...