investing
Investing
Dollar holds firm as US rates outlook still dominates
Investing
European shares rise, dollar supported by higher bond yields
Investing
London stocks rise in holiday-shortened session; Vistry drops on profit warning
Investing
Travel and leisure, energy stocks lead gains in Europe’s holiday-thinned trade
UK’s FTSE 100 starts holiday-shortened week higher
Date: December 24, 2024
(Reuters) -Britain’s benchmark FTSE 100 kicked off a holiday-shortened week on a higher note on Monday, while investors analysed data that showed the British economy flat-lined in the third quarter of the year. The export-oriented FTSE 100 was up 0.2% after logging its worst week in more than a year on Friday. The domestically focused...
Apple approaches $4 trillion valuation as investors bet on AI momentum
Date: December 24, 2024
By Shashwat Chauhan and Medha Singh (Reuters) -Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company’s long-awaited AI enhancements to rejuvenate sluggish iPhone sales. The company has pulled ahead of Nvidia and Microsoft in the race to the monumental milestone, thanks to an about...
Stocks rally as investors cheer US inflation relief
Date: December 23, 2024
By Amanda Cooper and Wayne Cole LONDON/SYDNEY (Reuters) – Global shares were boosted on Monday by a U.S. inflation reading offering some hope for further policy easing next year, along with relief that Washington had averted a government shutdown. After a recent central bank decisions bonanza, this week only has the minutes of a few...
Oil prices stable on Monday as data offsets surplus concerns
Date: December 23, 2024
By Robert Harvey LONDON (Reuters) -Oil prices stabilised on Monday after losses last week as lower-than-expected U.S. inflation data offset investors’ concerns about a supply surplus next year. Brent crude futures were down by 38 cents, or 0.52%, to $72.56 a barrel by 1300 GMT. U.S. West Texas Intermediate crude futures were down 34 cents,...
Apple approaches $4 trillion valuation as investors bet on AI momentum
Date: December 23, 2024
By Shashwat Chauhan and Medha Singh (Reuters) – Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company’s long-awaited AI enhancements to rejuvenate sluggish iPhone sales. The company has pulled ahead of Nvidia and Microsoft in the race to the monumental milestone, thanks to an...
Asia shares, risk assets cheer US inflation relief
Date: December 23, 2024
SYDNEY (Reuters) -Asian shares rallied on Monday after a benign reading on U.S. inflation restored some hope for further policy easing next year, while there was relief that Washington had averted a government shutdown. After the bonanza of recent central bank decisions, this week is much quieter with only the minutes of a few of...