Investing
Investing
Oil up More Than 1% as Weaker Dollar Offsets China Concerns
Investing
European Stocks Hit Six-Week High on Hopes for Rate Hike Slowdown
Investing
U.S. Judge Says Penguin Random House Book Merger Cannot Go Forward
Investing
European Shares Jump as Luxury Stocks, Miners Rally Amid Fed Pivot Hopes
Commodity Stocks Boost UK Shares to Near Seven-Week High
Date: November 1, 2022
By Anisha Sircar (Reuters) -UK’s FTSE 100 hit its highest level in nearly seven weeks on Tuesday as commodity stocks rallied ahead of a key U.S. Federal Reserve verdict, while BP turned choppy after hitting a 2-1/2 year high following its results. The blue-chip FTSE 100 jumped 1.6%, while the domestically oriented FTSE 250 rose...
Oil Falls on U.S. Output Gains, Chinese Demand Doubts
Date: October 31, 2022
By Arathy Somasekhar HOUSTON (Reuters) -Global oil benchmark Brent crude fell more than $1 on Monday on expectations that U.S. production could rise even as weaker economic data out of China and the country’s widening COVID-19 curbs weighed on demand. Brent crude futures dropped $1.22, or 1.3%, to $94.55 a barrel. U.S. West Texas Intermediate...
Stocks Mostly Fall, Bond Yields Gain as Focus Shifts to Fed, Rate Hikes
Date: October 31, 2022
By Caroline Valetkevitch NEW YORK (Reuters) – A global stock index fell and U.S. Treasury yields edged up on Monday as investors prepared for the U.S. Federal Reserve to stick with its aggressive approach to raising interest rates this week. The dollar advanced against the euro and Japanese yen. The Fed, which begins its two-day...
Exclusive-Bowing to Investor Demand, Funds Ramp up Ex- China Emerging Market Strategies
Date: October 31, 2022
By Xie Yu and Samuel Shen HONG KONG/SHANGHAI (Reuters) – Money managers are launching emerging market or Asia products with no exposure to China to meet increasing demand for such strategies from global investors wary of rising policy and geopolitical risks in the world’s second biggest economy. Chinese equities make up 31% of the MSCI...
European Shares Struggle for Momentum on Inflation Worries, Central Bank Moves Awaited
Date: October 31, 2022
By Shreyashi Sanyal (Reuters) -European shares traded in a narrow range on Monday as euro zone inflation hitting a record high raised fears of hefty rate increases ahead of a slew of major central bank meetings. Eurostat data showed inflation in the 19 countries sharing the single currency accelerated to 10.7% in October from 9.9%...
Oil Falls on China Covid Curbs and Weak Factory Data
Date: October 31, 2022
By Noah Browning LONDON (Reuters) -Oil prices fell on Monday after weaker than expected factory activity data out of China and on concerns that the country’s widening COVID-19 curbs will curtail demand. Brent crude futures dropped 69 cents, or 0.7%, to $95.08 a barrel by 1240 GMT, extending Friday’s 1.2% decline. U.S. West Texas Intermediate...