investing
Investing
Q3 earnings half-time in Europe: Investors reward beats but fret about China
Investing
Shares of Sweden’s SBB plummet after report encouraging investors to sell
Investing
European shares dip as tech losses offset bank, oil gains
Investing
Nintendo cuts annual profit forecast 10% as Switch sales slow
UK’s ASOS forecasts profit jump in 2025
Date: November 5, 2024
LONDON (Reuters) – British online fashion retailer ASOS said it expected adjusted earnings to rise by at least 60% in its 2025 financial year, after a turnaround plan focused on ditching discounting and improving its products gained traction. ASOS has been trying to reinvent itself after its trendiness appeal waned and it became bogged down...
China shares jump, dollar skittish with all eyes on US Election Day
Date: November 5, 2024
By Tom Westbrook SINGAPORE (Reuters) -An uneasy calm settled over currencies and bonds as investors waited for the United States to choose a new leader with polls showing the contest on a knife edge, while expectations China will approve more government spending lifted Chinese stocks. MSCI’s broadest index of Asia-Pacific shares outside Japan inched 0.3%...
Hedge funds stung by European stock markets in October, Goldman Sachs says
Date: November 4, 2024
By Nell Mackenzie LONDON (Reuters) – Hedge funds focused on European stock markets suffered their largest monthly losses in over a year in October, dragged down by a broader market sell off, according to a Goldman Sachs note sent to clients on Friday and seen by Reuters on Monday. European stock pickers returned a negative...
Global equity funds see first weekly outflow in five weeks on caution ahead of US elections
Date: November 4, 2024
(Reuters) – Investors withdrew money from global equity funds in the week ended Oct. 30, amid caution ahead of Tuesday’s U.S. presidential election and the Federal Reserve’s policy decision later in the week. Investors pulled a net $2.65 billion from global equity funds during the week, marking the first week of net sales since Sept....
Anglo American to sell stake in Australian steelmaking coal mines for $1.1 billion
Date: November 4, 2024
(Reuters) – Anglo American said on Monday that it will sell its minority stake in a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia for A$1.6 billion ($1.06 billion). ($1 = 1.5156 Australian dollars) (Reporting by Prerna Bedi in Bengaluru; Editing by Sonia...
Morning Bid: Dollar jolted by Iowa surprise
Date: November 4, 2024
A look at the day ahead in European and global markets from Wayne Cole. The early action Monday has been in currencies as the dollar took a knock from a new poll in Iowa showing Democratic presidential contender Kamala Harris leading Republican Donald Trump. That was enough to see the dollar down 0.9% on the...