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UK’s FTSE 100 closes slightly up as falling energy shares offset China-driven rally
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Stocks rise to records with Micron rally; oil prices slide
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Exclusive-Ubisoft activist investor says it has support of 10% of shareholders in management tussle
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Dollar firm following sharp rebound as Fed speakers eyed
The Impact of EPS on Stock Valuation: What Investors Should Know
Date: September 24, 2024
In stock markets, a key question often arises: how can investors evaluate whether a company’s stock is worth buying? Earnings Per Share, or EPS, is one of the most critical tools in answering this question. EPS represents a company’s profitability on a per-share basis, giving investors a snapshot of the company’s financial health and its...
Bitcoin jumps while Japan holiday dulls most currencies
Date: September 23, 2024
SINGAPORE (Reuters) – Bitcoin was the notable mover as it reached for one-month highs on Monday, sustaining its rally after the Federal Reserve’s super-sized rate cut last week, while the yen and most other major currencies stagnated with Japanese markets on holiday. The dollar strengthened against the yen last week after policy meetings in...
Stocks pinned near all-time highs, yen slips after Ueda’s comments
Date: September 20, 2024
By Sruthi Shankar and Stella Qiu (Reuters) – World stocks hovered near record highs on Friday, underpinned by a big interest rate cut from the Federal Reserve earlier this week, while the yen eased after Bank of Japan Governor Kazuo Ueda tempered expectations around imminent rate hikes. The dollar climbed 0.8% on the Japanese currency...
European shares slip but set for weekly gains; Mercedes drops
Date: September 20, 2024
By Shubham Batra (Reuters) -European shares slipped on Friday after a rally in the previous session spurred by the U.S. Federal Reserve’s outsized interest rate cut, while shares of Mercedes were set for their worst day in 15 months after the automaker cut its core profit outlook. The pan-European STOXX 600 index fell 0.4% to...
Global investors brace for turmoil as big Fed cut sows confusion
Date: September 20, 2024
By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) -Big global investors are on alert for wild market swings after a jumbo U.S. rate cut sparked confusion over whether the world’s dominant economy is set to boom or face recession, muddling prospects for stocks, bonds and currencies worldwide. Global stocks hit records on Thursday, a day...
Analysis-Investors shun European car stocks despite rock bottom valuations
Date: September 20, 2024
By Sruthi Shankar and Danilo Masoni (Reuters) – European auto stocks are so unpopular right now that investors keep reducing their exposure even as the scale of the industry’s problems has driven valuations close to record lows, which would normally be a big incentive for would-be buyers. The STOXX 600 Autos and Parts index...