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Investing
Oil prices steady after U.S. stockpile swell
Investing
Bayer hits 8-month high as investors welcome CEO change
Investing
Michael Kors owner Capri cuts forecasts as demand slows, shares plunge 20%
Investing
Pandora shares jump 8% on upbeat fourth-quarter results
Equinor shares soar on record 2022 profit, Q4 beat
Date: February 8, 2023
By Nerijus Adomaitis OSLO (Reuters) – Equinor on Wednesday posted a record $74.9 billion adjusted operating profit for 2022, more than double its previous high, as gas prices soared and fourth-quarter results beat expectations, boosting its share price by 7%. The Norwegian oil and gas producer’s adjusted earnings before tax and interest for October-December rose...
UK’s Barratt cuts dividend as housing slowdown bites
Date: February 8, 2023
By Aby Jose Koilparambil (Reuters) -UK housebuilder Barratt on Wednesday cut its mid-year dividend by 9% amid a slowing market and dwindling cash and said it plans to cut operating costs if bookings fail to improve over the coming months. The country’s housing market has slammed into reverse as soaring inflation curbs spending power, with...
Shares rise, dollar wobbles after market sees Powell comments as dovish
Date: February 8, 2023
By Ankur Banerjee and Alun John LONDON/SINGAPORE (Reuters) – Shares globally jumped and most currencies rose against the dollar on Wednesday, as investors discerned a dovish tone in comments from Fed Chair Jerome Powell, though a policy tweak by the ECB meant European bonds sat out the rally. MSCI’s world share index rose 0.37%, heading...
FTSE 100 hits record high on BP boost, less-hawkish Fed signal
Date: February 8, 2023
By Sruthi Shankar (Reuters) -UK’s blue-chip index hit a record high on Wednesday, lifted by oil major BP and an upbeat risk sentiment on Wall Street after U.S. Federal Reserve Chair Jerome Powell’s comments renewed hopes for a less-aggressive monetary policy. The exporter-heavy FTSE 100 rose 0.8% to an all-time high of 7,923.75, surpassing its...
Stocks, dollar pause ahead of Powell, Biden speeches
Date: February 7, 2023
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – A gauge of global equities edged lower and the dollar inched up on Tuesday as markets awaited word from the Federal Reserve chief after last week’s blockbuster U.S. jobs number made clear interest rates will stay higher for longer to combat inflation. The Australian dollar...
2023 Capital markets outlook: 6 key trends that will impact the industry
Date: February 7, 2023
By John da Gama-Rose, Head of Banking & Financial Services, Global Growth Markets, Cognizant The economy remains unstable as we enter a recessionary period for the first two quarters of this year. Yet despite this, the capital market industry showed strong resilience with positive results through 2022 allowing them to double down on investment for change. The...